2929 Rainbow Dr Decatur, GA 30034
Property Lookup
Property profile & analytics
2929 Rainbow Dr Decatur, GA 30034
- Warehouses
- 5,000 SF
- 6.60 lot acres
Property ID
US22-0972024
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.
Location Intelligence
Current Use by Public Records
- Gray And White Auto Parts / Big Box & Wholesale Store / Auto Parts Store
Property Details for 2929 Rainbow Dr
- Year built
- 1995
- Construction
- FRAME
- Lot size
- 6.60 lot acres
- Property size
- 5,000 SF
- Zone code
- C2
- Property type
- Warehouses
- APN
- 15 121 06 005
- APU
- 1512106005
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $370,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $610,000
- 6.5%
- $565,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $583,000
Market price range: $226k - $712k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $750,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2702
- Latitude
- 33.7065
- 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
$21,262
$218,213
$61,547
$279,760
-
$545,532
$153,868
$699,400
