4635 Flat Shoals Pkwy Decatur, GA 30034
- Office Properties & Spaces
- 10,000 SF
- 10.95 lot acres
Current Use by Public Records
- Faithful Hands Massage / Massage Therapist
- Brows Lash Lips / Beauty Salon
- Ambition Recording Studios / Recording Studio
- MCG Agency: Allstate Insurance / Home Insurance Agency / Insurance Company
- Adore Decor Events / Event Venue
Property Details for 4635 Flat Shoals Pkwy
- Year built
- 2009
- Lot size
- 10.95 lot acres
- Property size
- 10,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This Decatur, GA investment opportunity presents two Class B office buildings totaling 10,000 square feet on a 10.95-acre lot. Built in 2009 and renovated in 2019, the property boasts 100% occupancy with eight tenants including a music studio, tax consultant, event planner, law firm, and other professional services. The property features 60 parking spaces and is strategically located on Flat Shoals Parkway between I-285 and Wesley Chapel Road, offering excellent visibility and accessibility. The current asking price is $2,300,000, representing a 7.25% cap rate and a pro-forma cap rate of 8.75%. The Net Operating Income (NOI) is currently $166,771, projected to increase to $201,234. Annual rent bumps of 3% are in place, ensuring consistent investment growth. The property is zoned PC-1 and benefits from strong demographics, with over 287,500 residents within a 5-mile radius and an average household income exceeding $93,000. This value-add opportunity offers significant potential for increased profitability. The property includes two two-story buildings.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2374
- Latitude
- 33.6835
