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Property profile & analytics
OFF-MARKET
Estimated value
$6,535,000
Warehouses
2935 Decatur Rd Decatur, GA 30033-7459
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1147700
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
84,278 SF
Lot
4.09 ac (178,204 SF)
Zoning code
M
APN
18 048 03 011
UPID
US22-1147700
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
-
Intown Stars Gymnastics- Decatur Gym & Fitness Center
-
Last Chance Thrift Store Discount Store
-
Chanthenics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.54M
Owner & transaction history
Shahin Properties LLC · 21 yrs held
Shahin Properties LLC
since 2005
7 recorded transactions
Zoning & alternative use
M · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$120,218
Tax year 2024
Assessed value
$4,649,600
Assessed 2024
Previous assessed
$3,548,400
+31.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$536,000
Assessed improvement
$4,113,600
Land market value
$1,340,000
Improvement market value
$10,284,000
Total market value
$11,624,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
2
Stories
1
Total area
84,278 SF
Lot
4.09 ac (178,204 SF)
Zoning code
M
APN
18 048 03 011
UPID
US22-1147700
Jurisdiction
DE KALB
Zoning & alternative use
M · Decatur, GA
Zoning M · permitted uses
M · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Buildings
2
Lot
4.09 ac
Current owner
From public records · entity-resolved
Shahin Properties LLC
Entity
Mailing address
1622 BARRINGTON VW, STONE MOUNTAIN, GA 30087-1846
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
—
Shahin Properties LLC
—
Deed
related
$569,000 · Quantum National Bank
Nov 27, 2018
—
Shahin Properties LLC
—
Deed
related
$1,775,583 · Quantum Nat'l Bk
Aug 31, 2015
—
Shahin Properties LLC
—
Trustees Deed
related
$54,417 · Quantum Nat'l Bk
Apr 7, 2005
$2,969,200
Shahin Properties LLC
Wyw II LLC
Grant Deed
$1,525,000 · Bank West
—
—
Shahin Properties LLC
—
Loan Modification
related
$1,775,583 · Quantum Nat'l Bk
—
—
Shahin Properties LLC
—
Deed Of Trust
related
$1,775,583 · Quantum Nat'l Bk
—
—
Shahin Properties LLC
—
Deed Of Trust
related
$948,000 · Florida Business Dev Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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