Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    246 Sycamore St Decatur, GA 30030-3442

    • Office buildings
    • 65,080 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $6,655,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4661962
    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

    • Atlanta Legal Aid Society / Law Firm
    • Atlanta Longterm Care / Community Center
    • Mackintosh Law / Law Firm
    • Affiliated Resources Group / Housing Development
    • Literacy Volunteers of Atlanta / Community Center

    Property Details for 246 Sycamore St

    Year built
    1973
    Construction
    WOOD FRAME
    Lot size
    0.44 lot acres
    Property size
    65,080 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    15 246 01 074
    APU
    1524601074

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2929
    Latitude
    33.7749
    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
    $14,859
    $206,000
    $1,274,000
    $1,480,000
    -
    $515,000
    $3,185,000
    $3,700,000

    Comparable in this City

    • Value Estimation
      $19,890,000
      146,490 SF

      315 Ponce De Leon Ave

      OFFICE BUILDING • 146,490 SF
      315 Ponce De Leon Ave, Decatur, GA 30030-2400
      View Details
    • Value Estimation
      $590,000
      5,308 SF

      315 5th Ave

      OFFICE BUILDING • 5,308 SF
      315 5th Ave, Decatur, GA 30030-4813
      View Details
    • Value Estimation
      $10,120,000
      47,705 SF

      120 Trinity Pl

      OFFICE BUILDING • 47,705 SF
      120 Trinity Pl, Decatur, GA 30030-3313
      View Details
    • Value Estimation
      $2,800,000
      10,800 SF

      545 Mcdonough St

      OFFICE BUILDING • 10,800 SF
      545 Mcdonough St, Decatur, GA 30030-3310
      View Details
    • Value Estimation
      $1,300,000
      10,726 SF

      317 Hl St

      OFFICE BUILDING • 10,726 SF
      317 Hl St, Decatur, GA 30030-4367
      View Details
    • Value Estimation by Request
      2,147 SF

      116 Howard Ave

      OFFICE BUILDING • 2,147 SF
      116 Howard Ave, Decatur, GA 30030-3345
      View Details

    Similar Nearby for Sale

    • $725,000
      1,646 SF

      Decatur Office with High Visibility

      Office property in a dynamic, accessible Decatur commercial corridor.
      1393 Church St, Decatur, GA 30030
      View Details
    • $725,000
      1,646 SF

      Decatur Office with High Visibility

      Office property in a thriving, transit-accessible market.
      1393 Church St, Decatur, GA 30030
      View Details
    • Contact for pricing
      1,646 SF

      Decatur Office Building For Sale

      Office property in a thriving, transit-accessible market near Downtown Decatur.
      1393 Church St, Decatur, GA 30030
      View Details
    • $450,000
      1,160 SF

      Decatur Office/Residential Opportunity

      Upgraded property near downtown Decatur, suitable for office or residential.
      1387 Church St, Decatur, GA 30030
      View Details
    • New
      $1,100,000
      3,831 SF

      Decatur Commercial Property For Sale

      Prime commercial property near Downtown Decatur with versatile business opportunities.
      1026 Sycamore Dr, Decatur, GA 30030
      View Details
    • $1,499,000
      1,600 SF

      Restored Sinclair Gas Station

      Iconic, renovated gas station in Oakhurst, Decatur. Versatile commercial space.
      715 East Lake Dr, Decatur, GA 30030
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Six-story office building in Decatur's historic Town Center.
      160 Clairemont Ave, Decatur, GA 30030
      View Details
    • Contact for pricing

      Historic Office Building in Decatur

      Renovated historic office building in the heart of Decatur.
      312 Sycamore St, Decatur, GA 30030
      View Details
    • $31 SF/Yr

      Class A Office Building in Decatur

      Six-story Class A office building with high-end amenities in Decatur.
      160 Clairemont Ave, Decatur, GA 30030
      View Details
    • Contact for pricing

      Award-Winning Office Building for Rent

      Six-story office building with lush landscaping and convenient location.
      160 Clairemont Ave, Decatur, GA 30030
      View Details
    • $25 SF/Yr
      3,400 SF

      Decatur Free Standing Building ForRent

      Single-tenant building suitable for office, medical office, or retail use.
      613 Church St, Decatur, GA 30030
      View Details
    • $20,479
      48,787 SF

      Decatur Freestanding Two-Story Building

      Freestanding two-story building in Decatur available for long-term lease.
      1434 Scott Blvd, Decatur, GA 30030
      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.
    246 Sycamore St
    Decatur, GA 30030-3442
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!