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Financial
Distress signals
Property profile

2929 Rainbow Dr Decatur, GA 30034

OFF-MARKET
Warehouses
Property ID
US22-0972024
5,000 SF 6.6 ac lot Built 1995
Last sale Dec 2017 · $1,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$21k
Tax billed · 2024
Assessed value$280k
Assessed land$218k
Assessed improvement$62k
Effective rate7.60%

Value estimate

· Oct 2026
$370k
$333k – $407k
AI approach$370k
CAP approach$565k
Submarket $/SF estimate$583k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$150/SF
Submarket average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$82 – $221
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2
JurisdictionDE KALB

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply22.6
Realty agency20.5
Law Firm16.1

Location

2929 Rainbow Dr Decatur, GA 30034
County assessor Recorded deeds · 3 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3700 Flakes Ml, Decatur, GA 30034-5702 $13,000,000 Oct 2025 1,920 SF
3080 Lanier, Decatur, GA 30034-6838 $5,827,655 Apr 2024 40,950 SF
3324 Colonial, Decatur, GA 30034 $11,602,710 Apr 2024 45,555 SF
3075 Lanier, Decatur, GA 30034-6839 $7,745,979 Apr 2024 50,400 SF
3089 Snapfinger, Decatur, GA 30034-3622 $436,000 Dec 2023 7,228 SF
2804 Hf Shepherd, Decatur, GA 30034-1408 $626,000 Sep 2023 11,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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