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    4943 Snapfinger Woods Dr Decatur, GA 30035
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    4943 Snapfinger Woods Dr, Decatur, GA 30035

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    • Grocery and convenience stores
    • 10,000 SF
    • 3.28 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail Space with Gas Station For Lease
    $18 SF/Yr
    1,200 SF

    Retail Space with Gas Station

    Retail space available in a plaza with a gas station.

    4943 Snapfinger Woods Dr, Decatur, GA 30035
    View Listing
    Property ID
    US22-0718528
    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

    • Power-Purpose Ministries / Church / Mosque
    • Jojo Wings Snapfinger / Restaurant / Take-out & Catering
    • GlamFusion Salon&Suites / Hair Salon / Nail Salon
    • Texaco Food Mart / Gas Station
    • EZ Kuts / Barber Shop

    Property Details for 4943 Snapfinger Woods Dr

    Year built
    2007
    Lot size
    3.28 lot acres
    Zone code
    M
    Property type
    Grocery and convenience stores
    APN
    16 009 01 023
    APU
    1600901023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 23, 2019 — Five A Dekalb Investment Limit — Deed · related $1.1M · Renasant Bank
    Dec 23, 2011 $2,250,000 Ameris Bk Marquise 7 Ents LLC Trustees Deed · related —
    Jun 26, 2007 $3,510,000 Marquise 7 Enterprises LLC Mssn Enterprises LLC Grant Deed —

    Description

    This exceptional retail opportunity is located in a thriving Dekalb County plaza, featuring a convenient gas station. The property offers a single, end-unit space totaling 1,200 square feet, ideal for a variety of retail businesses. The space is available for lease at a monthly rate of $1,800, with a minimum three-year lease term. A strong credit history and a clean payment record are required for tenancy. To incentivize qualified tenants, a generous lease incentive is offered: two months of free rent and a two-month security deposit. The plaza itself boasts a total of fourteen suites, ensuring a vibrant and busy atmosphere. This end-unit location provides excellent visibility and accessibility for customers. The property is situated in a high-traffic area, promising significant foot traffic and potential for strong sales. This is a fantastic chance to establish or expand your retail business in a desirable Dekalb County location. Serious inquiries only; prospective tenants must meet the credit and payment history requirements outlined. A minimum three-year lease commitment is required.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,680,000
      6.5%
      $2,470,000
      7%
      $2,295,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,640,000
      OFFICE BUILDING
      $2,535,000
      COMMERCIAL (GENERAL)
      $2,430,000
      RETAIL STORES
      $2,330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1886
    Latitude
    33.7108
    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
    $74,650
    $191,390
    $1,403,530
    $1,594,920
    -
    $478,476
    $3,508,824
    $3,987,300

    Comparable in this City

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      $1,110,000
      3,509 SF

      5401 Covington Hwy

      CONVENIENCE STORE
      5401 Covington Hwy, Decatur, GA 30035-2500
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    • Value Estimation
      $920,000
      1,980 SF

      4274 Covington Hwy

      CONVENIENCE STORE
      4274 Covington Hwy, Decatur, GA 30035-1204
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    • Value Estimation
      $1,465,000
      7,602 SF

      5631 Covington Hwy

      CONVENIENCE STORE
      5631 Covington Hwy, Decatur, GA 30035-3671
      View Details
    • Value Estimation
      $3,455,000
      3,930 SF

      5400 Covington Hwy

      CONVENIENCE STORE
      5400 Covington Hwy, Decatur, GA 30035-2517
      View Details
    • Value Estimation
      $675,000
      3,231 SF

      4223 Covington Hwy

      CONVENIENCE STORE
      4223 Covington Hwy, Decatur, GA 30035-1205
      View Details
    • Value Estimation by Request
      1,616 SF

      6114 Covington Hwy

      CONVENIENCE STORE
      6114 Covington Hwy, Decatur, GA 30035-3803
      View Details

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      Retail Opportunity in Decatur, Georgia

      Foreclosure sale with high visibility and versatile layout.
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      Prime Commercial Opportunity on Covington Highway

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    Similar Nearby for Lease

    • Contact for pricing
      10,193 SF

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      Retail space with prime exposure and ample parking available for rent.
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      View Details
    • $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
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    • $4,500 /Mo
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      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

      Retail Space with Gas Station

      Retail space available in a plaza with a gas station.
      4943 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
    • Contact for pricing
      40,804 SF

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      40,804 sq ft industrial flex building on 4 acres.
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    • $5,200 /Mo
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      Decatur Commercial Building For Lease

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      4166 Snapfinger Woods Dr, Decatur, GA 30035
      View Details
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    Decatur, GA 30035
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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.

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