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Property profile & analytics
OFF-MARKET Estimated value $1,975,000
Retail space

215 Clairemont Ave Decatur, GA 30030-2508

2,448 SF 0.09 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-1231440
Property summary
AI-generated overview

This single-story, 5,000 square foot building in Decatur, Georgia, offers a unique blend of retail and office space, ideal for a variety of businesses. Located at 215 Clairemont Ave, this property boasts a prime location in the heart of Downtown Decatur, at the corner of Clairemont Avenue and Commerce Drive, experiencing approximately 20,000 cars daily. The building features three suites, with a vacant space totaling 3,268 square feet. Suite A, a 1,742 square foot space, is currently built out as a medical office, while Suite C offers 1,526 square feet of high-end office space. Minimum divisible space is 1,526 square feet, with a maximum contiguous space of 1,742 square feet. Built in 1984, this property sits on 0.48 acres of land and is zoned C2. Its exceptional location offers a Walk Score of 95, providing easy access to the historic Decatur Square and numerous restaurants and boutiques. Convenient MARTA access ensures easy commuting. The building does not have elevators. This is an exceptional opportunity to establish a presence in a thriving, walkable downtown area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction WOOD FRAME
Total area 2,448 SF
Lot 0.09 ac (3,790 SF)
Zoning code C2
APN 15 246 04 110
UPID US22-1231440
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jill Stepnicka Physician
  • James Livingston Physician
  • Dr. Joshua Mann Physician
  • Jalpa Patel Physician
  • Dr. Michael Bednarz Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.86M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.98M
Owner & transaction history
Genco Real Estate LLC · 4 yrs held
Genco Real Estate LLC
since 2021
Last sale
$2.0M
5 recorded transactions
2022
Price N/A
2021
$2.0M
2018
Price N/A
2013
$500,000
1969
Price N/A
Zoning & alternative use
C2 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Home Page | Decatur GA
Top alternative use upside
Commercial (general) $1.7M +205.3%
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