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    Property profile & analytics

    3058 Rainbow Dr Decatur, GA 30034

    • Garden apartment buildings
    • 14,760 SF
    • 15.43 lot acres
    OFF-MARKET
    Value Estimation
    $19,985,000
    Last Sale
    Mar 25, 2022
    $22,450,000
    Location Intelligence
    Property ID
    US22-1446396
    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

    • Garden apartment buildings

    Property Details for 3058 Rainbow Dr

    Year built
    1972
    Lot size
    15.43 lot acres
    Property size
    14,760 SF
    Zone code
    RM100
    Property type
    Garden apartment buildings
    APN
    15 121 05 010
    APU
    1512105010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $18,415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $20,965,000
      6.5%
      $23,535,000
      7%
      $24,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $24,195,000
      Geo Method
      $21,365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $27,705,000
      Retail
      $22,515,000
      Mixed-Use
      $24,600,000
      Hospitality
      $23,130,000
      Educational
      $26,445,000
      Residential Income
      $20,070,000
      Energy
      $25,875,000
      Income-Based Land
      $25,315,000
      Food Service
      $22,350,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2645
    Latitude
    33.7071
    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
    2024
    $226,524
    $372,428
    $11,565,132
    $11,937,560
    -
    $931,071
    $28,912,829
    $29,843,900

    Comparable in this City

    • Value Estimation by Request
      28,820 SF

      3000 Ember Dr

      GARDEN APT, COURT APT (5+ UNITS) • 28,820 SF
      3000 Ember Dr, Decatur, GA 30034-1506
      View Details
    • Value Estimation
      $25,645,000
      11,312 SF

      2567 Whites Ml Rd

      GARDEN APT, COURT APT (5+ UNITS) • 11,312 SF
      2567 Whites Ml Rd, Decatur, GA 30034-1135
      View Details
    • Value Estimation by Request
      15,320 SF

      4103 Wesley Clb Dr

      GARDEN APT, COURT APT (5+ UNITS) • 15,320 SF
      4103 Wesley Clb Dr, Decatur, GA 30034-2352
      View Details
    • Value Estimation
      $7,915,000
      14,190 SF

      2867 Panthersville Rd

      GARDEN APT, COURT APT (5+ UNITS) • 14,190 SF
      2867 Panthersville Rd, Decatur, GA 30034
      View Details
    • Value Estimation
      $28,105,000
      12,160 SF

      2666 Pleasantwood Dr

      GARDEN APT, COURT APT (5+ UNITS) • 12,160 SF
      2666 Pleasantwood Dr, Decatur, GA 30034
      View Details
    • Value Estimation by Request
      2,410 SF

      2591 Whites Ml Rd

      GARDEN APT, COURT APT (5+ UNITS) • 2,410 SF
      2591 Whites Ml Rd, Decatur, GA 30034-1104
      View Details

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      1,292 SF

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      Spacious 3-bedroom condo in Decatur's convenient Waldrop Park community.
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      Move-in ready 3-bedroom townhome with updated features and convenient location.
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    Similar Nearby for Lease

    • Contact for pricing
      618,120 SF

      Decatur Retail Space: The Gallery

      Prime Decatur retail space, multiple units available.
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    • Contact for pricing

      Publix Anchored Retail Center

      Highly visible retail center in a densely populated area.
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    • Contact for pricing
      2,430 SF

      Decatur Retail Outparcel Opportunity

      1.51-acre site, 2,430 sq ft building
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    • Contact for pricing
      2,800 SF

      Decatur Retail Space: Flat Shoals Pkwy

      Prime Decatur retail space, 2,800 sq ft available.
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      View Details
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    3058 Rainbow Dr
    Decatur, GA 30034
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    Realmo Value Estimation

    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.

    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.

    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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