Technical
Financial
Distress signals
Property profile

2942 Rainbow Dr Decatur, GA 30034

OFF-MARKET
Retail space
Property ID
US22-0257414
8,505 SF 0.7 ac lot Built 2017
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Construction WOOD FRAME
Total area 8,505 SF
Lot 0.7 ac (30,492 SF)
Zoning code C1
APN 15 121 02 011
UPID US22-0257414

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

2942 Rainbow Dr Decatur, GA 30034
Decatur metro Census 23446 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.84M
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$425k

Owner & transaction history

since 2017
5 recorded transactions
2017
$1.9M
2016
Price N/A
2016
$450,000
2012
Price N/A
2010
$240,000

Zoning & alternative use

C1 · Decatur, GA
Top alternative use upside
Auto repair, garage $2.2M +13.3%
Office building $2.2M +8.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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