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    4889 Covington Hwy Decatur, GA 30035-2011

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    4889 Covington Hwy Decatur, GA 30035-2011

    View on Map
    • Auto shops
    • 4,331 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US22-1637302
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 4889 Covington Hwy

    Year built
    1960
    Lot size
    0.48 lot acres
    Property size
    4,331 SF
    Zone code
    C2
    Property type
    Auto shops
    APN
    15 163 03 042
    APU
    1516303042

    Description

    This 4,331 square foot retail property, located at 4889 Covington Hwy in Decatur, Georgia (30035), presents a unique investment opportunity. Built in 1960 and renovated in 2016, this single-story building sits on a desirable corner lot, offering exceptional visibility and high foot traffic. Currently zoned C2, the property features 10 parking spaces and is ideal for owner-users. Previously configured as a partially built-out seafood restaurant, including a grease trap and existing equipment, the space is adaptable to a variety of uses. Potential tenants could include convenience stores, grocery stores, storefronts, or other retail businesses. The property's prime location in the heart of Decatur, coupled with its flexible layout and high visibility, makes it an attractive option for entrepreneurs seeking a thriving business environment. The asking price is $635,000. This is a single-tenancy property offering significant potential for growth and return on investment. Don't miss this chance to secure a prime commercial location in a bustling Georgia market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2148
    Latitude
    33.7347
    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
    $8,386
    $85,520
    $88,760
    $174,280
    -
    $213,800
    $221,900
    $435,700

    Comparable in this City

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      $1,790,000
      2,284 SF

      2544 Wesley Chapel Rd

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      2544 Wesley Chapel Rd, Decatur, GA 30035-3405
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    • Value Estimation
      $1,155,000
      13,070 SF

      5449 Covington Hwy

      AUTO REPAIR, GARAGE • 13,070 SF
      5449 Covington Hwy, Decatur, GA 30035-2501
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    • Value Estimation
      $595,000
      14,176 SF

      4373 New Snapfinger Woods Dr

      AUTO REPAIR, GARAGE • 14,176 SF
      4373 New Snapfinger Woods Dr, Decatur, GA 30035-2920
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    • Value Estimation by Request
      6,200 SF

      4842 Covington Hwy

      AUTO REPAIR, GARAGE • 6,200 SF
      4842 Covington Hwy, Decatur, GA 30035-2007
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    • Value Estimation by Request
      3,520 SF

      4767 Covington Hwy

      AUTO REPAIR, GARAGE • 3,520 SF
      4767 Covington Hwy, Decatur, GA 30035-2005
      View Details
    • Value Estimation
      $505,000
      9,181 SF

      5703 Covington Hwy

      AUTO REPAIR, GARAGE • 9,181 SF
      5703 Covington Hwy, Decatur, GA 30035-3606
      View Details

    Similar Nearby for Sale

    • $700,000
      10,308 SF

      Decatur Commercial Property with Business

      Commercial property with established auto repair business and U-Haul dealership.
      5344 Covington Hwy, Decatur, GA 30035
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    • $1,650,000
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      5907 Covington Hwy, Decatur, GA 30035
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      Decatur Land with Road Frontage

      Two commercial lots with extensive road frontage near I-285.
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      20,280 SF

      Decatur Retail Center For Sale

      Fully leased retail center with value-add opportunities in Decatur, GA.
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    • $375,000

      Retail Opportunity in Decatur, Georgia

      Foreclosure sale with high visibility and versatile layout.
      4225 Snapfinger Woods Dr, Decatur, GA 30035
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    • $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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    Similar Nearby for Lease

    • $4,000 /Mo
      51,836 SF

      Turn-key Auto Shop Opportunity

      Operating auto shop for lease in high-traffic Decatur corridor.
      6063 Covington Hwy, Decatur, GA 30035
      View Details
    • Contact for pricing

      Retail Space with Gas Station

      Retail space available in a plaza with a gas station.
      4943 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • New
      $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
      10,193 SF

      Retail Space Near Pep Boys

      Retail space with prime exposure and ample parking available for rent.
      2059 S Hairston Rd, Decatur, GA 30035
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    • 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

      Decatur Outdoor Storage Yard

      Fenced outdoor storage yard available for rent in Decatur.
      5190 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
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    Decatur, GA 30035-2011
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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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