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    2983 Chapel Hill Rd, Unit 102 Douglasville, GA 30135
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    Property profile & analytics

    2983 Chapel Hill Rd, Unit 102, Douglasville, GA 30135

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    • Strip malls
    • 4,200 SF
    • 1.23 lot acres
    For Lease
    $565,000
    View Listing →
    Retail Space in Douglasville Corridor For Lease
    $565,000

    Retail Space in Douglasville Corridor

    Retail space in a vibrant Douglasville shopping center.

    2983 Chapel Hill Road #102, Douglasville, GA 30135
    View Listing
    Property ID
    US22-1412888
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Express Alterations / (Bike/Boat/Book/etc) Store
    • Miracle-Ear Hearing Aid Center / Hearing Aid Repair Service / Hearing Aid Store
    • Eric Morante / Physician
    • Accel Physical Therapy / Medical Clinic
    • Kyle Walker / Physician

    Property Details for 2983 Chapel Hill Rd

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    1.23 lot acres
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0047-01-5- -00054
    APU
    4701500054

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 7, 2012 — Cole Mt Douglasville Ga LLC Regency Realty Group INC Grant Deed $32.4M · Wells Fargo Bank
    Dec 7, 2005 $2,250,000 Kohls Department Stores INC Regency Realty Group INC Grant Deed —
    Dec 15, 2004 $800,000 Regency Realty Grp INC Gibbs,h B Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $689,000
      Market price range: $254k - $690k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $485,000
      Current use
      MEDICAL BUILDING
      $915,000
      Change: +88% Conversion: Difficult
      RETAIL STORES
      $695,000
      Change: +43% Conversion: Easy
      OFFICE BUILDING
      $600,000
      Change: +24% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $470,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.7355
    Latitude
    33.723
    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
    2023
    $13,958
    $184,960
    $157,040
    $342,000
    -
    $462,400
    $392,600
    $855,000

    Comparable in this City

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      $525,000
      10,620 SF

      2080 Fairburn Rd Ste F

      SHOPPING CENTER, STRIP CENTER
      2080 Fairburn Rd Ste F, Douglasville, GA 30135-1064
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    • Value Estimation by Request
      4,000 SF

      3417 Hwy 5th 5

      SHOPPING CENTER, STRIP CENTER
      3417 Hwy 5th 5, Douglasville, GA 30135-2378
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    • Value Estimation
      $1,905,000
      18,720 SF

      4900 Stewart Ml Rd

      SHOPPING CENTER, STRIP CENTER
      4900 Stewart Ml Rd, Douglasville, GA 30135-6724
      View Details
    • Value Estimation
      $825,000
      6,831 SF

      2987 Chapel Hl Rd

      SHOPPING CENTER, STRIP CENTER
      2987 Chapel Hl Rd, Douglasville, GA 30135-1784
      View Details
    • Value Estimation
      $590,000
      12,000 SF

      3750 County Line Rd

      SHOPPING CENTER, STRIP CENTER
      3750 County Line Rd, Douglasville, GA 30135-1170
      View Details
    • Value Estimation
      $1,290,000
      11,200 SF

      7447 Douglas Blvd

      SHOPPING CENTER, STRIP CENTER
      7447 Douglas Blvd, Douglasville, GA 30135-1537
      View Details

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      Douglasville Retail/Office Building For Sale

      Two-story, 16,400 SF retail/office building with 8.5% cap rate.
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      1,500 SF

      Retail Property on Highway 5

      Retail property for sale with 1500 square feet.
      3282 Highway 5, Douglasville, GA 30135
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    Similar Nearby for Lease

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      Retail Space in Douglasville Corridor

      Retail space in a vibrant Douglasville shopping center.
      2983 Chapel Hill Rd, Douglasville, GA 30135
      View Details
    • Contact for pricing

      Retail Space in Douglasville Corridor

      Retail space available in high-traffic Douglasville location.
      9478-9560 Highway 5, Douglasville, GA 30135
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      Regional Retail Market Shopping Center

      100% leased shopping center in a regional retail market.
      2750 Chapel Hill Rd, Douglasville, GA 30135
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      Single Tenant Building in Douglasville

      Located in Douglasville, GA, near dining, shops and attractions.
      7442 Douglas Blvd, Douglasville, GA 30135
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    • $16 SF/Yr

      Office and Retail Suites Available

      Office and retail suites available for lease in Douglasville, GA.
      3770 West County Line Rd, Douglasville, GA 30135
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    • $16 SF/Yr

      Retail and Office Suites Available

      Retail and office suites for lease with excellent visibility.
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    View Listing
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    Douglasville, GA 30135
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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