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Property profile & analytics
FOR SALE
Retail space
536 Decatur St SE Atlanta, GA 30312
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1352161
For Sale
1 / 48
$1,565,000
536 Decatur St SE, Atlanta, GA 30312
View Listing →
Property summary
AI-generated overview
This thriving 1,000 sq ft restaurant in Atlanta's Old Fourth Ward is available for $262,000. Located at 536 Decatur St. SE Suite A, 30312, this Class B property boasts a prime location near Krog Street Market and the Beltline, drawing significant foot traffic. The current lease has three years remaining, with two five-year renewal options available. Rent is $5,500/month, inclusive of electricity, gas, and water. The property includes 25 parking spaces, a significant advantage in this area. The fully equipped kitchen features a 10-foot commercial hood and a 1,500-gallon underground grease trap, along with ample refrigeration. All equipment is included, ensuring a seamless transition for the new owner. Currently operating at 100% occupancy, this is an exceptional opportunity for restaurant expansion, catering, food truck operators, or cloud/ghost kitchens. The space is situated within O4W Market, adjacent to Fetch Park O4W, attracting thousands of weekly visitors. This turnkey operation offers immediate revenue potential and a strong foundation for future growth in a vibrant and desirable Atlanta neighborhood. This is a gross lease.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
WOOD
Total area
7,820 SF
Lot
0.57 ac (24,829 SF)
Zoning code
I1
APN
14 004500031201
UPID
US22-1352161
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
-
Paces+Place Marketing & Advertising Event Planning
-
O4W Market Grocery & Convenience Store Food Market
-
General Car Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.57M
Owner & transaction history
Boon Development LLC · 4 yrs held
Boon Development LLC
since 2021
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
I1 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+25.3%
Neighborhood: shopping center
$2.1M
+21.3%
Medical building
$2.1M
+21.2%
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 Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta 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
$1,540,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,755,000
Current use
COMMERCIAL (GENERAL)
$2,200,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,130,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$2,125,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,985,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,830,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $2.11M (Sep 22 2021)
Last sale anchor
$2.11M
Sep 22 2021
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
$200 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$483,560
Assessed 2023
Previous assessed
$483,560
+0.0% YoY
Assessed land
$357,520
Assessed improvement
$126,040
Land market value
$893,800
Improvement market value
$315,100
Total market value
$1,208,900
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1940
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
7,820 SF
Lot
0.57 ac (24,829 SF)
Zoning code
I1
APN
14 004500031201
UPID
US22-1352161
Jurisdiction
FULTON
Zoning & alternative use
I1 · Atlanta, GA
Zoning I1 · permitted uses
I1 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
Boon Development LLC
Entity
Mailing address
940 WINGED FOOT TRL, FAYETTEVILLE, GA 30215-7829
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2021
$2,107,500
Boon Development LLC
Wilshire Estate LLC
Warranty Deed
$3,694,000 · Heritage Southeast Bank
Aug 24, 2021
$2,107,500
Wilshire Estate LLC
Boon Development LLC
Warranty Deed
—
May 14, 2021
$2,107,500
Boon Development LLC
Mooring Tech INC
Warranty Deed
$1,350,000 · Premier South Investments
Dec 23, 2015
$975,000
Mooring Tech INC
Edwards,kimberly M
Grant Deed
$1,440,000 · Aemi Fund X Aemi Fund X
Jan 6, 2015
—
Kimberly M Edwards
Aaron Walter I
Grant Deed
related
$165,000 · Capital Mtg
Nov 26, 2008
—
Kimberly M Edwards
Aaron,jonathan SR
Quit Claim Deed
$165,000 · Capital Mortgage Corp
Nov 12, 2008
—
Kimberly M Edwards
Aaron,jacqueline
Grant Deed
related
—
Nov 13, 2007
—
Edwards,kimberly M
Aaron,walter I
Quit Claim Deed
related
—
Oct 31, 2007
—
Kimberly M Edwards
Aaron,walter I
Grant Deed
related
—
—
—
Kimberly M Edwards
—
Loan Modification
related
$280,099 · Pn Holdings LLC
—
—
Kimberly M Edwards
—
Deed Of Trust
related
$165,000 · Capital Mortgage Corp
—
—
Kimberly M Edwards
—
Deed Of Trust
related
$99,000 · Capital Mortgage Corp
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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