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    Property profile & analytics

    2956 Rainbow Dr Decatur, GA 30034

    • Strip malls
    • 11,760 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    $1,005,000
    Last Sale
    Aug 17, 2022
    $1,150,000
    Location Intelligence
    Property ID
    US22-0188282
    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

    • Candler Point / Financial Planner
    • Total Restoration Worship Center / Christian Church
    • Eves Events decor / Event Planner
    • Passion For Visuals Tattoo Studio / Tattoo Shop
    • Pretty Tails Boutique / Boutique

    Property Details for 2956 Rainbow Dr

    Year built
    2009
    Lot size
    0.95 lot acres
    Property size
    11,760 SF
    Zone code
    X
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    15 121 03 006
    APU
    1512103006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $945,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,075,000
      6.5%
      $1,085,000
      7%
      $1,165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,045,000
      Geo Method
      $1,160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,265,000
      Retail
      $1,240,000
      Mixed-Use
      $1,380,000
      Hospitality
      $1,275,000
      Educational
      $1,170,000
      Residential Income
      $1,200,000
      Energy
      $1,385,000
      Income-Based Land
      $1,410,000
      Food Service
      $1,295,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2692
    Latitude
    33.7078
    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
    $5,363
    $14,400
    $71,080
    $85,480
    -
    $36,000
    $177,700
    $213,700

    Comparable in this City

    • Value Estimation
      $5,425,000
      18,340 SF

      4920 Flt Shls Pkwy

      SHOPPING CENTER, STRIP CENTER • 18,340 SF
      4920 Flt Shls Pkwy, Decatur, GA 30034-5260
      View Details
    • Value Estimation
      $745,000
      9,000 SF

      3665 Flt Shls Rd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      3665 Flt Shls Rd, Decatur, GA 30034-1676
      View Details
    • Value Estimation
      $720,000
      26,472 SF

      2714 Wesley Chapel Rd

      SHOPPING CENTER, STRIP CENTER • 26,472 SF
      2714 Wesley Chapel Rd, Decatur, GA 30034-2311
      View Details
    • Value Estimation
      $985,000
      17,500 SF

      2964 Rainbow Dr

      SHOPPING CENTER, STRIP CENTER • 17,500 SF
      2964 Rainbow Dr, Decatur, GA 30034
      View Details
    • Value Estimation
      $595,000
      11,360 SF

      3564 Wesley Chapel Rd

      SHOPPING CENTER, STRIP CENTER • 11,360 SF
      3564 Wesley Chapel Rd, Decatur, GA 30034-5254
      View Details
    • Value Estimation
      $1,940,000
      77,338 SF

      2624 Candler Rd

      SHOPPING CENTER, STRIP CENTER • 77,338 SF
      2624 Candler Rd, Decatur, GA 30034
      View Details

    Similar Nearby for Sale

    • $850,000
      5,300 SF

      Fully Leased Commercial Property

      5,300 sqft commercial property with three fully leased units.
      2978 Rainbow Dr, Decatur, GA 30034
      View Details
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      14,152 SF

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    • Contact for pricing
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      10,000 SF

      Decatur Office Building For Sale

      Decatur office building with strong demographics and investment growth potential.
      4635 Flat Shoals Pkwy, Decatur, GA 30034
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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
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Publix Anchored Retail Center

      Highly visible retail center in a densely populated area.
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      View Details
    • Contact for pricing
      618,120 SF

      Decatur Retail Space: The Gallery

      Prime Decatur retail space, multiple units available.
      2801 Candler Rd, Decatur, GA 30034
      View Details
    • Contact for pricing
      2,430 SF

      Decatur Retail Outparcel Opportunity

      1.51-acre site, 2,430 sq ft building
      4985 Flat Shoals Pkwy, Decatur, GA 30034
      View Details
    • Contact for pricing
      2,800 SF

      Decatur Retail Space: Flat Shoals Pkwy

      Prime Decatur retail space, 2,800 sq ft available.
      4920 Flat Shoals Pkwy, Decatur, GA 30034
      View Details
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    2956 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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