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Property profile & analytics
OFF-MARKET Estimated value $595,000
Warehouses

2929 Rainbow Dr Decatur, GA 30034

5,000 SF 6.6 ac lot Built 1995
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US22-0972024
Property summary
AI-generated overview

This exceptional 6.6-acre industrial land parcel presents a unique investment opportunity in Decatur, Georgia. Located at 2929 S Rainbow Dr, this property offers a 5,500 square foot building, ideal for owner-occupiers or investors seeking high-return potential. The low building coverage ratio of approximately 1.91% on this expansive lot allows for significant future development possibilities. The property's strategic location provides easy access to major transportation arteries, being approximately one mile from both I-20 and I-285 interstates within the Atlanta MSA. This presents a rare opportunity in a thriving East Atlanta submarket, with limited comparable properties available for sale or lease. The asking price is $2,200,000. The property's size and location make it suitable for a wide range of industrial uses, capitalizing on the growing demand for space in this area. The substantial land area offers flexibility for expansion or future development projects, maximizing long-term investment value. This is a prime opportunity to acquire a well-situated industrial property in a dynamic market. The property is zoned for industrial use within DeKalb County, zip code 30034.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1995
Construction FRAME
Total area 5,000 SF
Lot 6.6 ac (287,496 SF)
Zoning code C2
APN 15 121 06 005
UPID US22-0972024
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
  • Gray And White Auto Parts Big Box & Wholesale Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
$565k
Comparable Approach Comparable
$583k
Blend (final) Blend
$595k
Owner & transaction history
Iqra INC · 5 yrs held
Iqra INC
since 2020
3 recorded transactions
2020
Price N/A
2017
$1,000
2015
$575,000
Zoning & alternative use
C2 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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