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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Outlet malls
3372 Memorial Dr Decatur, GA 30032-2707
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US22-3629608
Property summary
AI-generated overview
This Decatur, Georgia retail property, located at 3372 Memorial Drive, offers 13,700 square feet of versatile space. The building is situated in the desirable Decatur submarket of Atlanta, within DeKalb County (zip code 30032). Currently, there are three available spaces ranging from 2,500 to 5,000 square feet, ideal for various retail businesses. The property boasts excellent visibility from Memorial Drive and Candler Road, enhanced by a large street-view billboard. Ample parking is available for employees and customers. The building features abundant natural light and modern amenities. Two of the available spaces are each 5,000 square feet. Tenants are responsible for electricity. This location provides a strong storefront presence on a busy thoroughfare, making it an excellent opportunity for businesses seeking high visibility and convenient access. The property is categorized as street retail in a stand-alone building, suitable for multiple tenants.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1960
Construction
WOOD FRAME
Total area
13,676 SF
Lot
0.91 ac (39,596 SF)
Zoning code
C1
APN
15 201 12 031
UPID
US22-3629608
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
-
Fabric Joint - Fabric + Upholstery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.30M
Owner & transaction history
Fabric Joint LLC · 11 yrs held
Fabric Joint LLC
since 2014
7 recorded transactions
Zoning & alternative use
C1 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$95 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,184
Tax year 2024
Assessed value
$226,800
Assessed 2024
Previous assessed
$226,800
+0.0% YoY
Effective rate
4.93%
On assessed value
Assessed land
$134,680
Assessed improvement
$92,120
Land market value
$336,700
Improvement market value
$230,300
Total market value
$567,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1960
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
13,676 SF
Lot
0.91 ac (39,596 SF)
Zoning code
C1
APN
15 201 12 031
UPID
US22-3629608
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Decatur, GA
Zoning C1 · permitted uses
C1 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Fabric Joint LLC
Entity
Mailing address
3372 MEMORIAL DR, DECATUR, GA 30032-2707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2017
—
Fabric Joint LLC
—
Deed
related
$150,000 · Noa Bank
Sep 10, 2014
$310,000
Fabric Joint LLC
Aok Properties 1 LLC
Grant Deed
$290,000 · Noa Bk
Jun 6, 2013
$40,000
Aok Properties 1 LLC
Pnc Bk National Assn
Grant Deed
—
Nov 14, 2011
$571,900
Rbc Bk USA
Qaddus,mohammad
Trustees Deed
related
—
Jan 18, 2008
$650,000
Mohammad Qaddus
Power Lending LLC
Grant Deed
—
Mar 7, 2007
—
Power Lending LLC
Power Lending LLC
Quit Claim Deed
related
—
Mar 9, 2006
$650,000
Kenneth D Schwartz
Swindall,patrick L
Grant Deed
$500,000 · Power Lending LLC
—
—
Mohammad Qaddus
—
Deed Of Trust
related
$630,000 · Power Lending LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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