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    4906 Covington Hwy Decatur, GA 30035

    • Turn key restaurants
    • 1,100 SF
    • 0.39 lot acres
    For Lease
    View listing
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US22-0474316
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 4906 Covington Hwy

    Year built
    1995
    Lot size
    0.39 lot acres
    Property size
    1,100 SF
    Zone code
    X
    Property type
    Turn key restaurants
    APN
    15 163 01 010
    APU
    1516301010

    Description

    This exceptional Decatur, Georgia retail property presents a unique investment opportunity. Situated on 0.39 acres at 4906 Covington Hwy, this single-tenant building boasts 1,425 square feet and is conveniently located adjacent to US Route 278 (Covington Highway). Built in 1995, the structure currently houses a former Pizza Hut and WingStreet restaurant, offering a blank canvas for a variety of commercial ventures. The property's C-2 zoning allows for diverse uses, aligning with the local comprehensive development plan. The 1-story building sits on a 0.39-acre lot (APN: 15 163 01 010), providing ample space for potential expansion or redevelopment. The entire 1,425 square feet is currently vacant, presenting immediate occupancy potential for a new tenant. This prime location in Decatur, GA (zip code 30035) offers excellent visibility and accessibility, making it an ideal investment for savvy entrepreneurs seeking a high-traffic area. The property's single-tenant nature simplifies management, while its size and location offer significant potential for future growth and return on investment. This is a rare opportunity to acquire a well-positioned retail property in a thriving market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $290,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $360,000
      Mixed-Use
      $310,000
      Hospitality
      $310,000
      Educational
      $365,000
      Residential Income
      $315,000
      Energy
      $285,000
      Income-Based Land
      $295,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2141
    Latitude
    33.735
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,291
    $62,480
    $202,720
    $265,200
    -
    $156,200
    $506,800
    $663,000

    Comparable in this City

    • Value Estimation
      $3,645,000
      2,440 SF

      2474 Wesley Chapel Rd

      RESTAURANT • 2,440 SF
      2474 Wesley Chapel Rd, Decatur, GA 30035
      View Details
    • Value Estimation
      $580,000
      2,656 SF

      2532 Wesley Chapel Rd

      RESTAURANT • 2,656 SF
      2532 Wesley Chapel Rd, Decatur, GA 30035-3405
      View Details
    • Value Estimation
      $300,000
      1,702 SF

      2548 Wesley Chapel Rd

      RESTAURANT • 1,702 SF
      2548 Wesley Chapel Rd, Decatur, GA 30035-3405
      View Details
    • Value Estimation
      $335,000
      2,700 SF

      4203 Snapfinger Woods Dr

      RESTAURANT • 2,700 SF
      4203 Snapfinger Woods Dr, Decatur, GA 30035-3410
      View Details
    • Value Estimation
      $385,000
      3,067 SF

      4810 Covington Hwy

      RESTAURANT • 3,067 SF
      4810 Covington Hwy, Decatur, GA 30035-2007
      View Details
    • Value Estimation by Request
      4,838 SF

      2791 Panola Rd

      RESTAURANT • 4,838 SF
      2791 Panola Rd, Decatur, GA 30035
      View Details

    Similar Nearby for Sale

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      37.78 Acres

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    Similar Nearby for Lease

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      Decatur, GA retail space available.
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      1,425 SF

      Prime Decatur Retail Opportunity

      1,425 SF Restaurant, 0.39 Acres
      4906 Covington Hwy, Decatur, GA 30035
      View Details
    • Contact for pricing
      10,193 SF

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      Retail space with prime exposure and ample parking available for rent.
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    • $4,000 /Mo
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      Turn-key Auto Shop Opportunity

      Operating auto shop for lease in high-traffic Decatur corridor.
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    • Contact for pricing
      22,070 SF

      Prime Manufacturing Space Available

      22,070 SF Industrial Building, I-20 Access
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      View Details
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    Decatur, GA 30035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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