$350,000 3,022 SF

2988 Rainbow Dr, Decatur, GA 30034
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The property is a retail storefront building with a stated retail and commercial designation. It is zoned GC and was built in 1974. The building is located at 2988 Rainbow Dr in Decatur, Georgia.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?

$9k

Tax billed · 2024

Assessed value$196k

Assessed land$14k

Assessed improvement$182k

Effective rate4.63%

Value estimate

· Nov 2026

$505k

$455k – $556k

AI approach$460k

NOI build-up

Gross scheduled income$66k

Vacancy & credit loss−$6k

Operating expenses−$18k

NOI · 12.14% cap applied$43k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?

$233/SF

Submarket average, outlier-cleaned · 73 recorded sales of this use type

Observed band · Q1–Q3$105 – $378

Qualifying comparables8

Cap rate analysis

How does the asset earn?

12.14%

$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

JurisdictionDE KALB

Location intelligence

Which uses thrive at this corner?

Best fit: Building Supply

Demand index

Building Supply25.5

Realty agency24.8

Law Firm18.9

2988 Rainbow Dr Decatur, GA 30034

County assessor Recorded deeds · 8 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby

Address Sale price Sold Size

3568 Wesley Chapel, Decatur, GA 30034-5261 $2,500,000 Aug 2022 2,566 SF

2801 Candler, Decatur, GA 30034-1423 $18,375,000 Jan 2022 3,000 SF

2727 Candler, Decatur, GA 30034-1409 $18,375,000 Jan 2022 2,816 SF

2645 Wesley Chapel, Decatur, GA 30034-2310 $2,400,000 Apr 2021 2,536 SF

4047 Flt Shls, Decatur, GA 30034-4104 $220,000 Sep 2020 3,110 SF

3548 Flt Shls, Decatur, GA 30034-1601 $500,000 Mar 2019 2,304 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$570,000

3,120 SF

2598 Candler Rd

RETAIL STORES (PERSONAL SERVICES)

2598 Candler Rd, Decatur, GA 30034-1401

View Details
Value Estimation
$485,000

3,168 SF

3639 Flt Shls Rd

CONVENIENCE STORE

3639 Flt Shls Rd, Decatur, GA 30034-1633

View Details
Value Estimation
$425,000

3,304 SF

2850 Candler Rd

FINANCIAL BUILDING

2850 Candler Rd, Decatur, GA 30034-1411

View Details
Value Estimation
$410,000

2,493 SF

3690 Flt Shls Rd

CONVENIENCE STORE

3690 Flt Shls Rd, Decatur, GA 30034-1632

View Details
Value Estimation
$290,000

2,401 SF

2710 Wesley Chapel Rd

FINANCIAL BUILDING

2710 Wesley Chapel Rd, Decatur, GA 30034-2311

View Details
Value Estimation
$395,000

3,832 SF

3615 Flt Shls Rd

FINANCIAL BUILDING

3615 Flt Shls Rd, Decatur, GA 30034-1633

View Details

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Similar in This City for Lease

New

$1,500/Mo

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Retail Suite

A 4,216-square-foot space is suited to office or retail use.

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The space is offered for lease in Decatur, Georgia.

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New

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Retail Center Unit for Lease

Central Unit D offers a dedicated retail space positioned next to a major I-285 exit.

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Retail Space

A retail property is available for lease along Covington Highway in Decatur.

4869 Covington Hwy, Decatur, GA 30035

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10,594 sqft

Decatur Retail Space For Lease

10,594 SF freestanding building near I-20 and national retailers.

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Contact for pricing
13,000 sqft

Retail and Restaurant Spaces Available

Retail, restaurant, and anchor spaces for lease near Atlanta.

2801 Candler Road, Decatur, GA 30034

View Details

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2988 Rainbow Dr Decatur, GA 30034

Property summary