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    Property profile & analytics

    2949 Rainbow Dr Decatur, GA 30034

    • Investment properties
    • 912 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 06, 2021
    Location Intelligence
    Property ID
    US22-4176374
    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.

    Current Use by Public Records

    • Harris-Iron / Welder

    Property Details for 2949 Rainbow Dr

    Year built
    1952
    Construction
    FRAME
    Lot size
    0.82 lot acres
    Property size
    912 SF
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    15 121 06 007
    APU
    1512106007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2692
    Latitude
    33.7069
    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
    $1,438
    $18,200
    $2,800
    $21,000
    -
    $45,500
    $7,000
    $52,500

    Comparable in this City

    • Value Estimation
      $300,000
      1,305 SF

      4147 Flt Shls Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,305 SF
      4147 Flt Shls Pkwy, Decatur, GA 30034-4106
      View Details
    • Value Estimation
      $395,000
      2,907 SF

      4251 Side Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,907 SF
      4251 Side Dr, Decatur, GA 30034-2304
      View Details
    • Value Estimation by Request
      2,861 SF

      3254 Rainbow Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,861 SF
      3254 Rainbow Dr, Decatur, GA 30034
      View Details
    • Value Estimation
      $340,000
      1,785 SF

      4397 Flt Shls Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,785 SF
      4397 Flt Shls Pkwy, Decatur, GA 30034-4205
      View Details
    • Value Estimation
      $345,000
      1,208 SF

      1547 Fairlake Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,208 SF
      1547 Fairlake Dr, Decatur, GA 30034-1604
      View Details
    • Value Estimation
      $365,000
      1,144 SF

      4235 Side Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,144 SF
      4235 Side Dr, Decatur, GA 30034-2304
      View Details

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      10,000 SF

      Decatur Office Building For Sale

      Decatur office building with strong demographics and investment growth potential.
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    • $59,000
      0.52 Acres

      Residential Land in Established Neighborhood

      Land for custom home in Decatur's Foxchase neighborhood.
      4669 Huntsman Bnd, Decatur, GA 30034
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    Similar Nearby for Lease

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    • Contact for pricing
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      Prime Decatur retail space, 2,800 sq ft available.
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    2949 Rainbow Dr
    Decatur, GA 30034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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