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    FOR SALE
    Retail space

    2978 Rainbow Dr, Decatur, GA 30034

    5,100 SF 0.8 ac lot Built 1979
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US22-0189479
    2978 Rainbow Dr, Decatur, GA 30034 For Sale
    $850,000 5,100 SF
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fatima African Hair Braiding Hair Salon
    • Edge of Extension Weave Shop Hair Salon
    • The Barbiee Box Beauty & Wellnesss Spa Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.11M
    Comparable Approach Comparable
    $591k
    Blend (final) Blend
    $840k
    Owner & transaction history
    Mabk LLC · 7 yrs held
    Mabk LLC
    since 2018
    7 recorded transactions
    2018
    $420,000
    2018
    2011
    $354,500
    2010
    2010
    $377,171
    2009
    $377,171
    2009
    Zoning & alternative use
    C1 · Decatur, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.3M +13.3%
    Office building $1.3M +8.8%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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