Building Details

Year Renovated 2017

Listing Agency: RE/MAX Town & Country r***@gmail.com Show Phone

Listed By: Sharron Merrell-Bassil Show Phone

Source: Exprealty

Added: Feb 16 Changed: Oct 7 Last Checked: Oct 15 at 3:00AM

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Investment Insights

Based on property information with market context.

This approximately 1,350-square-foot office unit provides a single-level configuration with several enclosed offices, a reception area, private workspaces, kitchen facilities, a restroom, and additional storage. The property was updated in 2017 and is available for immediate occupancy, offering a practical setup for office or service-oriented operations.

Located just inside I-285 in Decatur, the property provides access to both I-285 and Memorial Drive. On-site parking supports day-to-day operations, while the surrounding area is described as having strong traffic counts. The unit combines a functional interior layout with a convenient metro Atlanta location.

Key Highlights

• Approximately 1,350 SF office unit
• Updated in 2017 and available for immediate occupancy
• Single‑level layout with multiple enclosed offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,078

Cap Rate

6.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,560 $361.6K

Cap Rate 7%

$258,257 $258.3K

Cap Rate 9%

$200,867 $200.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,350 SF

Gross rent

$32.2K $23.87/SF

− Vacancy

−$8.1K −$6.02/SF

EGI

$24.1K $17.85/SF

− OpEx

−$6.0K −$4.46/SF

NOI

$18.1K $13.39/SF

Area

DeKalb County, GA

Vacancy

25.20%

Lease Rate

$23.87 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,560

Cap Rate 7%

$258,257

Cap Rate 9%

$200,867

Alternative Uses

Best Use

Office B

$258.3K

$226.0K – $301.3K (±1% cap)

NOI $18,078 @ 7.0% cap · market cap 6.53%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$377.4K

$330.2K – $440.3K (±1% cap)

NOI $26,416 @ 7.0% cap · market cap 9.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Dental Office Building Supply Pharmacy Parking Lot & Garage Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

628

Businesses Nearby

Explore this area Business Placement

Demographics for 30032, GA

44,697

Population

20,676

Households

2.2

Avg Household Size

38

Median Age

30%

College-Educated

91%

High-School Grad

13.6 sq mi

ZIP Area

3,287

Density / Sq Mi

$61,292

Median Household Income

$37,443

Median Earnings

$1,364

Median Rent

$245,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Single-level workspace with enclosed offices, reception, kitchen, restroom, storage, and on-site parking.

Where is this office units located?

The property is located at D-4298 Memorial Dr Decatur, GA.

What is the asking price?

The asking price for this property is $277,000.

What are key features of this property?

This property features: Approximately 1,350 SF office unit; Updated in 2017 and available for immediate occupancy; Single‑level layout with multiple enclosed offices