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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2989 Chapel Hill Rd Douglasville, GA 30135

    • Retail space
    • 87,472 SF
    • 9.10 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0830786
    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

    • Kohl's / Department Store
    • Volta Charging Station / Electric Vehicle Charging Station
    • SEPHORA at Kohl's / Perfume Store / Beauty Supply Store

    Property Details for 2989 Chapel Hill Rd

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    9.10 lot acres
    Property size
    87,472 SF
    Zone code
    DCD
    Property type
    Retail space
    APN
    0047-01-5- -00198
    APU
    4701500198

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,023,000
      Market price range: $7.53M - $19.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,505,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.7344
    Latitude
    33.7223
    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
    $105,824
    $677,993
    $1,914,847
    $2,592,840
    -
    $1,694,982
    $4,787,118
    $6,482,100

    Comparable in this City

    • Value Estimation
      $825,000
      13,225 SF

      3371 Hwy 5th 5

      RETAIL STORES (PERSONAL SERVICES) • 13,225 SF
      3371 Hwy 5th 5, Douglasville, GA 30135-6941
      View Details
    • Value Estimation
      $705,000
      4,618 SF

      3281 Hwy 5th 5

      RETAIL STORES (PERSONAL SERVICES) • 4,618 SF
      3281 Hwy 5th 5, Douglasville, GA 30135-2384
      View Details
    • Value Estimation by Request
      1,375 SF

      4102 Hwy 5th 5

      RETAIL STORES (PERSONAL SERVICES) • 1,375 SF
      4102 Hwy 5th 5, Douglasville, GA 30135-3532
      View Details
    • Value Estimation
      $1,545,000
      10,316 SF

      3851 Chapel Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,316 SF
      3851 Chapel Hl Rd, Douglasville, GA 30135-7287
      View Details
    • Value Estimation
      $2,380,000
      9,000 SF

      7455 Douglas Blvd, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      7455 Douglas Blvd, Douglasville, GA 30135-1554
      View Details
    • Value Estimation
      $1,040,000
      7,100 SF

      2164 Fairburn Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,100 SF
      2164 Fairburn Rd, Douglasville, GA 30135-1038
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1,500 SF

      Retail Property on Highway 5

      Retail property for sale with 1500 square feet.
      3282 Highway 5, Douglasville, GA 30135
      View Details
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      Douglasville Retail Anchor Space Available

      Former regional mall anchor space in Douglasville's retail corridor.
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      View Details
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      8,849 SF

      Prime Retail Pad in Douglasville

      Fully leased retail pad site near Arbor Place Mall.
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    • $850,000
      12,500 SF

      Prime Douglasville Restaurant Space

      12,500 SF Restaurant - $850K
      7061 Arbor Pkwy, Douglasville, GA 30135
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    • $289,000
      32,670 SF

      Lake Monroe Road Auto Shop

      Prime Douglasville location, high-income potential.
      2795 Lake Monroe Rd, Douglasville, GA 30135
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    • $1,500,000

      Douglasville Retail/Office Investment Opportunity

      Two-story, 16,400 SF building with income potential near I-20.
      3750 West County Line Rd, Douglasville, GA 30135
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Douglasville Corridor

      Retail space in a vibrant Douglasville shopping center.
      2983 Chapel Hill Rd, Douglasville, GA 30135
      View Details
    • $600 /Mo

      Retail and Office Suites Available

      Retail and office suites for lease with excellent visibility.
      3770 West County Line Rd, Douglasville, GA 30135
      View Details
    • Contact for pricing

      Regional Retail Market Shopping Center

      100% leased shopping center in a regional retail market.
      2750 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
      View Details
    • Contact for pricing

      Land in Mixed-Use Development

      Land for lease or purchase in Douglasville, Georgia.
      2631 Fairburn Rd Hwy, Douglasville, GA 30135
      View Details
    • Contact for pricing
      2,669,406 SF

      Riverside West: Premier Warehouse Space

      Georgia warehouse space, 56,000 - 693,000 SF available.
      0 River Rd, Douglasville, GA 30135
      View Details
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    2989 Chapel Hill Rd
    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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