Entity Owned 
For Sale
$850,000
2978 Rainbow Dr, Decatur, GA 30034
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Property summary
AI-generated overview
This exceptional investment opportunity presents a fully occupied, 5,100 square foot commercial property situated on a 0.8-acre lot in Decatur, Georgia. The property, built in 1979, boasts a strong 7.90% cap rate, making it an attractive addition to any portfolio. The building houses two thriving businesses: an executive office suite and an auto repair/tire service shop. Both tenants are established, long-term leaseholders, ensuring consistent rental income. The property's strategic location on 2978 Rainbow Drive in Dekalb County (zip code 30034) offers excellent visibility and accessibility, with convenient proximity to major interstates I-285 and I-20. Ample parking is available on the sizable lot. This turnkey investment property requires minimal management and offers a significant return on investment. The property's diverse tenant mix and strong lease agreements provide a stable and reliable income stream. The combination of a high cap rate, long-term leases, and prime location makes this a truly exceptional opportunity for discerning investors seeking a profitable and low-maintenance commercial property in a thriving market. The property is ready for immediate income generation.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
WOOD FRAME
Total area
5,100 SF
Lot
0.8 ac (34,717 SF)
Zoning code
C1
APN
15 121 02 008
UPID
US22-0189479
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
-
Hair Salon
-
Hair Salon
-
Hair Salon Nail Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$290k
Owner & transaction history
since 2018
7 recorded transactions
Zoning & alternative use
C1 · Decatur, GA
Top alternative use upside
Auto repair, garage
$1.3M
+13.3%
Office building
$1.3M
+8.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$290k
Value range
$261k – $319k
±10% around blend
Estimated value / SF
$57 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
80
Income certainty
100
$261k
blend $290k
$319k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,100 SF
Lot area
0.8 ac
Year built
1979
Stories
1
APN
15 121 02 008
Zoning
C1
Assessed value
$301,640
Annual tax
$13,999
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.11M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.20M
@ 6.5% CAP return
$1.11M
@ 7% CAP return
$1.03M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$13,999
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.32M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.3 mi away · 6,132 SF
17.0 mi away · 6,000 SF
21.7 mi away · 6,339 SF
22.0 mi away · 5,260 SF
23.2 mi away · 4,420 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$290k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 73 sales
$233
-76%
County 209 sales
$253
-78%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $57/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+13%
vs current-use indication
Office Building
Retail Stores · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
8.77%
Selected cap rate for this retail space
Derived from the Decatur market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.77%
9.0%
NOI (est.)
$75k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$850k
Move the market yield to see immediate price impact.
Value / SF
$167
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.27%8.77%9.27%
$67k
$811k
$765k
$724k
$75k
$901k
$850k
$804k
$82k
$992k
$935k
$885k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.08M
7.8 mi · Nov 2025 · $295/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,999
Tax year 2024
Assessed value
$301,640
Assessed 2024
Previous assessed
$161,320
+87.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$83,320
Assessed improvement
$218,320
Land market value
$208,300
Improvement market value
$545,800
Total market value
$754,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1979
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
5,100 SF
Lot
0.8 ac (34,717 SF)
Zoning code
C1
APN
15 121 02 008
UPID
US22-0189479
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GAZoning C1 · permitted uses
C1 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Decatur, GA
Recorded code
C1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Decatur, GA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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