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    4319 Covington Hwy Decatur, GA 30035-1210
    Property profile & analytics

    4319 Covington Hwy, Decatur, GA 30035-1210

    View on Map
    • Office buildings
    • 44,910 SF
    • 3.50 lot acres
    Off-Market
    Last Sale Nov 4, 2022
    Property ID
    US22-0189476
    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.
    Value Estimations
    $4,525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Diamond Residential Mortgage Corporation / Loan Service / Bank
    • Poinsette Tax & Accounting Services, LLC / Tax Preparation
    • Walter Blackmon Insurance / Insurance Agency
    • Babalola Isaac O / Law Firm
    • Care Counseling & Psychological / Counselor / Psychologist

    Property Details for 4319 Covington Hwy

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    3.50 lot acres
    Zone code
    OD
    Property type
    Office buildings
    APN
    15 196 03 021
    APU
    1519603021

    Description

    North Office Park, located at 4319 Covington Hwy in Decatur, Georgia (zip code 30035), offers a variety of executive, medical, and traditional office spaces within a newly renovated 46,350 square foot building in DeKalb County. The property features flexible floor plans with a minimum divisible space of 500 square feet, and currently has 5,000 square feet of vacant space available. The building boasts modern renovations, including high-quality finishes and state-of-the-art infrastructure, along with high-speed internet access and ample parking. Tenants enjoy 24/7 access and a professional environment with shared amenities. The convenient location on Covington Highway provides easy access to major highways and public transportation. The building also offers beautifully landscaped green spaces. Available suites range in size, accommodating businesses of various sizes, from small start-ups to larger corporations. The building's design promotes productivity and growth, creating an ideal workspace for a diverse range of businesses. This is a multi-tenant building with a variety of suite sizes to meet your needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,629,000
      Market price range: $5.63M - $18.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2274
    Latitude
    33.7488
    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
    $38,127
    $56,000
    $744,000
    $800,000
    -
    $140,000
    $1,860,000
    $2,000,000

    Comparable in this City

    • Value Estimation
      $11,480,000
      80,539 SF

      3951 Snapfinger Pkwy

      OFFICE BUILDING
      3951 Snapfinger Pkwy, Decatur, GA 30035-3202
      View Details
    • Value Estimation by Request
      1,244 SF

      5061 Covington Hwy

      OFFICE BUILDING
      5061 Covington Hwy, Decatur, GA 30035-2020
      View Details
    • Value Estimation
      $1,820,000
      8,708 SF

      1550 Agape Way

      OFFICE BUILDING
      1550 Agape Way, Decatur, GA 30035-1341
      View Details
    • Value Estimation by Request
      749 SF

      2520 Wesley Chapel Way

      OFFICE BUILDING
      2520 Wesley Chapel Way, Decatur, GA 30035-3407
      View Details
    • Value Estimation
      $4,945,000
      24,698 SF

      4150 Snapfinger Woods Dr

      OFFICE BUILDING
      4150 Snapfinger Woods Dr, Decatur, GA 30035-3417
      View Details
    • Value Estimation by Request
      1,965 SF

      5951 Covington Hwy

      OFFICE BUILDING
      5951 Covington Hwy, Decatur, GA 30035-3706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,048 SF

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      Professional office building on 0.40 acres with development potential.
      2001 Wesley Chapel Rd, Decatur, GA 30035
      View Details
    • $1,650,000
      1,546 SF

      Prime Commercial Opportunity on Covington Highway

      2.5 acres with high visibility and road frontage.
      5907 Covington Hwy, Decatur, GA 30035
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    • $2,100,000

      Turnkey Daycare on Covington Highway

      Fully equipped daycare on 4.78 acres near I-285.
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    • $45,000

      Commercial Land in High-Traffic Area

      Commercial land for sale in a thriving business area.
      5045 Covington Hwy, Decatur, GA 30035
      View Details
    • $230,000
      2.88 Acres

      Decatur Commercial Lot on Covington

      Prime commercial lot in Decatur, GA, with high visibility.
      5160 Covington Hwy, Decatur, GA 30035
      View Details
    • $245,900
      0.78 Acres

      Decatur Land with Road Frontage

      Two commercial lots with extensive road frontage near I-285.
      4626 Glenwood Rd, Decatur, GA 30035
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    Similar Nearby for Lease

    • $5,200 /Mo
      34,412 SF

      Decatur Commercial Building For Lease

      Renovated commercial building suitable for medical or private business.
      4166 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • $4,500 /Mo
      3 SF

      Decatur Commercial Space For Rent

      Commercial space in Decatur, GA, suitable for various businesses.
      4189 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing

      Renovated Commercial Building Near Hospitals

      Single-story commercial building suitable for medical or professional uses.
      4166 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      12,603 SF

      Decatur Warehouse Space Available

      12,603 sq ft warehouse space for rent near I-20.
      5240 Panola Industrial Blvd, Decatur, GA 30035
      View Details
    • Contact for pricing
      40,804 SF

      Decatur Industrial Flex Building

      40,804 sq ft industrial flex building on 4 acres.
      5200 Panola Industrial Blvd, Decatur, GA 30035
      View Details
    • Contact for pricing

      Decatur Flex/Warehouse Space Available

      Flex/Warehouse space for lease with dock high/drive-in loading.
      2550 Park Central Blvd, Decatur, GA 30035
      View Details
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    Decatur, GA 30035-1210
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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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