Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3479 Memorial Dr Decatur, GA 30032

    • Grocery and convenience stores
    • 78,990 SF
    • 5.00 lot acres
    For Lease
    View listing
    Last Sale
    May 20, 2022
    $21,750,000
    Value Estimations
    $15,745,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4016484
    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

    • higi / Physician
    • First Class Barber Shop / Barber Shop
    • Kroger Pharmacy / Pharmacy
    • Belvedere Plaza / Shopping Center & Mall
    • Kroger Deli / Food Market / Restaurant

    Property Details for 3479 Memorial Dr

    Year built
    1993
    Construction
    WOOD FRAME
    Lot size
    5.00 lot acres
    Property size
    78,990 SF
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    15 200 02 039
    APU
    1520002039

    Description

    Belvedere Plaza in Decatur, Georgia, presents a unique opportunity for retailers seeking high-traffic locations. This bustling retail development, situated at 3479 Memorial Drive, zip code 30032, offers multiple storefront spaces within a larger 274,518 square foot building. Currently, 30,467 square feet of retail space is available, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 5,963 square feet. Eight individual spaces are currently available for lease. The property benefits from exceptional visibility and consistent foot traffic generated by its proximity to established national retailers such as Kroger, Planet Fitness, Hibbett Sports, and Value Village, ensuring a steady stream of potential customers. This prime location in Decatur offers businesses the chance to thrive in a vibrant and well-established commercial area. The property's address is easily accessible, providing convenient access for both customers and employees. This is an exceptional opportunity to secure retail space in a high-demand area with strong existing tenant synergy. Interested parties should inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,840,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,515,000
      6.5%
      $17,095,000
      7%
      $15,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,494,000
      Market price range: $7.14M - $23.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,235,000
      Current use
      AUTO REPAIR, GARAGE
      $20,855,000
      Change: +58% Conversion: Difficult
      OFFICE BUILDING
      $20,020,000
      Change: +51% Conversion: Easy
      COMMERCIAL (GENERAL)
      $18,990,000
      Change: +44% Conversion: Easy
      MEDICAL BUILDING
      $18,300,000
      Change: +38% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2697
    Latitude
    33.7524
    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
    $125,208
    $547,300
    $2,609,100
    $3,156,400
    -
    $1,368,251
    $6,522,749
    $7,891,000

    Comparable in this City

    • Value Estimation
      $640,000
      3,636 SF

      4544 Glenwood Rd

      CONVENIENCE STORE • 3,636 SF
      4544 Glenwood Rd, Decatur, GA 30032-5199
      View Details
    • Value Estimation by Request
      1,902 SF

      3364 Glenwood Rd

      CONVENIENCE STORE • 1,902 SF
      3364 Glenwood Rd, Decatur, GA 30032-4274
      View Details
    • Value Estimation by Request
      1,152 SF

      3697 Memorial Dr

      CONVENIENCE STORE • 1,152 SF
      3697 Memorial Dr, Decatur, GA 30032-2729
      View Details
    • Value Estimation
      $505,000
      2,680 SF

      4101 Memorial Dr

      CONVENIENCE STORE • 2,680 SF
      4101 Memorial Dr, Decatur, GA 30032-1804
      View Details
    • Value Estimation
      $680,000
      3,838 SF

      3557 Memorial Dr

      CONVENIENCE STORE • 3,838 SF
      3557 Memorial Dr, Decatur, GA 30032-2711
      View Details
    • Value Estimation by Request
      1,808 SF

      2399 Columbia Dr

      CONVENIENCE STORE • 1,808 SF
      2399 Columbia Dr, Decatur, GA 30032-6800
      View Details

    Similar Nearby for Sale

    • $600,000
      962 SF

      Decatur Storefront Investment

      High-yield storefront, prime location.
      2070 Candler Rd, Decatur, GA 30032
      View Details
    • $1,299,000
      7,133 SF

      Decatur Commercial Building with Grant

      Freestanding commercial building in Decatur, suitable for various businesses.
      1272 Columbia Dr, Decatur, GA 30032
      View Details
    • $210,000
      1,462 SF

      Decatur Commercial Renovation Opportunity

      Versatile commercial property in Decatur, ready for creative renovation.
      2403 Candler Rd, Decatur, GA 30032
      View Details
    • $210,000
      1,462 SF

      Decatur Commercial Property For Sale

      Versatile commercial property with renovation potential in Decatur, Georgia.
      2403 Candler Rd, Decatur, GA 30032
      View Details
    • $9,950,000
      11.30 Acres

      Decatur Retail Center - 11 Acres

      Prime Decatur retail, 2 buildings, 100+ vendors
      4525 Glenwood Rd, Decatur, GA 30032
      View Details
    • $550,000
      3,046 SF

      Decatur Auto Shop - Prime Location

      High-traffic Candler Rd. auto shop
      2059 Candler Rd, Decatur, GA 30032
      View Details

    Similar Nearby for Lease

    • $9,000 /Mo
      55,321 SF

      Decatur Commercial Building For Lease

      Freestanding building suitable for various businesses, including wedding venue.
      1272 Columbia Dr, Decatur, GA 30032
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Chelsea's Plaza

      2,400 SF retail/office space available in Decatur, GA.
      3423-3709 Covington Dr, Decatur, GA 30032
      View Details
    • Contact for pricing
      274,518 SF

      Decatur Retail Space: Belvedere Plaza

      Prime Decatur retail, multiple spaces available.
      3479 Memorial Dr, Decatur, GA 30032
      View Details
    • $11 SF/Yr
      21,417 SF

      Decatur Retail Center - Prime Location

      High-Visibility Retail Space, 21,417 SF
      3879 Covington Hwy, Decatur, GA 30032
      View Details
    • Contact for pricing

      Retail Space I-285 and Memorial

      Retail space available at I-285 and Memorial Drive.
      4570 Memorial Dr, Decatur, GA 30032
      View Details
    • New
      $7,500 /Mo
      55,321 SF

      Decatur Commercial Building with Grant

      Freestanding commercial building in Decatur, suitable for various businesses.
      1272 Columbia Dr, Decatur, GA 30032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3479 Memorial Dr
    Decatur, GA 30032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!