Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2331 Mellon Ct Decatur, GA 30035-3808
    Back to Search
    Property profile & analytics

    2331 Mellon Ct Decatur, GA 30035-3808

    View on Map
    • Warehouses
    • 143,817 SF
    • 12.63 lot acres
    Off-Market
    Property ID
    US22-4550193
    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.
    Value Estimations
    $12,325,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Plaid Enterprises / Industrial Manufacturer / Production Facility
    • CoWorx Staffing Services / Employment Agency

    Property Details for 2331 Mellon Ct

    Year built
    1980
    Lot size
    12.63 lot acres
    Property size
    143,817 SF
    Zone code
    M
    Property type
    Warehouses
    APN
    16 039 03 052
    APU
    1603903052

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,595,000
      6.5%
      $16,240,000
      7%
      $15,080,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1697
    Latitude
    33.7197
    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
    $276,044
    $234,082
    $5,617,958
    $5,852,040
    -
    $585,204
    $14,044,896
    $14,630,100

    Comparable in this City

    • Value Estimation by Request
      51,761 SF

      5335 Dividend Dr

      Distribution properties • 51,761 SF
      5335 Dividend Dr, Decatur, GA 30035
      View Details
    • Value Estimation
      $18,940,000
      155,447 SF

      2800 Miller Rd

      WAREHOUSE, STORAGE • 155,447 SF
      2800 Miller Rd, Decatur, GA 30035-4036
      View Details
    • Value Estimation
      $5,315,000
      69,600 SF

      2395 Mellon Ct

      WAREHOUSE, STORAGE • 69,600 SF
      2395 Mellon Ct, Decatur, GA 30035
      View Details
    • Value Estimation
      $8,700,000
      85,925 SF

      2460 Park Central Blvd

      WAREHOUSE, STORAGE • 85,925 SF
      2460 Park Central Blvd, Decatur, GA 30035
      View Details
    • Value Estimation
      $4,660,000
      83,706 SF

      2500 Lantrac Ct

      WAREHOUSE, STORAGE • 83,706 SF
      2500 Lantrac Ct, Decatur, GA 30035-4005
      View Details
    • Value Estimation
      $1,135,000
      15,360 SF

      2346 Mellon Ct

      WAREHOUSE, STORAGE • 15,360 SF
      2346 Mellon Ct, Decatur, GA 30035-3807
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Snapfinger Woods Industrial Space

      58,814 SF industrial space with dock-high doors and heavy power.
      5305 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      35,000 SF

      Decatur Special Purpose Opportunity

      35,000 SF Decatur property suitable for special purpose/church investor.
      1600 Agape Way, Decatur, GA 30035
      View Details
    • Contact for pricing
      0.03 Acres

      Decatur Land Parcel Opportunity

      Residential land parcel in Decatur, GA ready for development.
      2461 Terrace Trl, Decatur, GA 30035
      View Details
    • Contact for pricing
      1,048 SF

      Freestanding Office Building on Corner Lot

      Professional office building on 0.40 acres with development potential.
      2001 Wesley Chapel Rd, Decatur, GA 30035
      View Details
    • $2,100,000

      Turnkey Daycare on Covington Highway

      Fully equipped daycare on 4.78 acres near I-285.
      4518 Covington Hwy, Decatur, GA 30035
      View Details
    • $45,000

      Commercial Land in High-Traffic Area

      Commercial land for sale in a thriving business area.
      5045 Covington Hwy, Decatur, GA 30035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,603 SF

      Decatur Warehouse Space Available

      12,603 sq ft warehouse space for rent near I-20.
      5240 Panola Industrial Blvd, Decatur, GA 30035
      View Details
    • Contact for pricing

      Decatur Flex/Warehouse Space Available

      Flex/Warehouse space for lease with dock high/drive-in loading.
      2550 Park Central Blvd, Decatur, GA 30035
      View Details
    • Contact for pricing

      Decatur Industrial Warehouse with Storage

      Industrial warehouse campus with fenced outdoor storage available for lease.
      5224 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      40,804 SF

      Decatur Industrial Flex Building

      40,804 sq ft industrial flex building on 4 acres.
      5200 Panola Industrial Blvd, Decatur, GA 30035
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease now.
      5365 Dividend Dr, Decatur, GA 30035
      View Details
    • Contact for pricing

      Retail Space with Gas Station

      Retail space available in a plaza with a gas station.
      4943 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2331 Mellon Ct
    Decatur, GA 30035-3808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2331 Mellon Ct, Decatur, GA, 30035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!