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Property profile & analytics
FOR LEASE
Office buildings

315 W Ponce De Leon Ave Decatur, GA 30030

146,490 SF 1.73 ac lot Built 1965
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-1811448
Property summary
AI-generated overview

This exceptional 10-story medical office building, located at 315 W. Ponce de Leon Avenue in Decatur, Georgia (zip code 30030), offers a unique investment opportunity. Built in 1965, the property boasts a total of 122,472 square feet, with a flexible layout accommodating various medical practices. The building features multiple tenancies, with spaces ranging from a minimum divisible size of 310 square feet to a maximum contiguous space of 1,048 square feet. Currently, 5,315 square feet of space is vacant, presenting immediate opportunities for lease. Ample parking is provided with 375 spaces available for tenants and visitors. The building's prime location in the heart of Downtown Decatur offers unparalleled access to a vibrant mix of restaurants, shops, and residential communities. This mixed-use development also includes approximately 10,000 square feet of retail space, further enhancing the property's appeal and potential. The building's strategic location within the Atlanta Metropolitan area makes it an ideal choice for medical professionals seeking a thriving and accessible location for their practice. The property's size and layout offer significant potential for expansion and customization to meet the specific needs of various medical tenants. This is a rare opportunity to acquire a well-established medical office building in a highly desirable and rapidly growing area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 146,490 SF
Lot 1.73 ac (75,402 SF)
Zoning code X
APN 15 245 01 108
UPID US22-1811448
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
  • Keller Williams Realty: ANDREW GILBERT Real Estate Agency
  • Camp Smiles Dental Office
  • Nichole Gaunt, REALTOR ® at Keller Williams Metro Atlanta Real Estate Agency
  • Fapbric Technology Solutions, LLC (Bike/Boat/Book/etc) Store Corporate Office
  • Georgia Unemployment Appeals Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.66M
Blend (final) Blend
$19.89M
Owner & transaction history
Rs Decatur Office LLC · 12 yrs held
Rs Decatur Office LLC
since 2014
7 recorded transactions
2024
Price N/A
2014
$1.3M
2013
$5.9M
2013
$8.9M
2011
$8.2M
2007
$16.3M
2007
Price N/A
Zoning & alternative use
X · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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