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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    715 East Lake Dr Decatur, GA 30030

    • Office buildings
    • 1,464 SF
    • 0.13 lot acres
    For Sale
    View listing
    $1,499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-4642689
    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

    • Ted Blocker - Urban Realty Advisors at Keller Knapp Commercial / Real Estate Agent
    • Meghan Riley Bowling, KELLER KNAPP INC / Real Estate Agent
    • Simplified Property / Contractor
    • Marianne Banchero of Keller Knapp Realty / Real Estate Agent
    • BRANDY WRIGHT, Keller Knapp / Real Estate Agent

    Property Details for 715 East Lake Dr

    Year built
    1939
    Construction
    WOOD FRAME
    Lot size
    0.13 lot acres
    Property size
    1,464 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    15 213 02 048
    APU
    1521302048

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $350,000
      6.5%
      $320,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $231,000
      Market price range: $40.3k - $301k

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.303
    Latitude
    33.759
    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
    $1,767
    $61,160
    $114,840
    $176,000
    -
    $152,900
    $287,100
    $440,000

    Comparable in this City

    • Value Estimation
      $210,000
      5,308 SF

      315 5th Ave

      OFFICE BUILDING • 5,308 SF
      315 5th Ave, Decatur, GA 30030-4813
      View Details
    • Value Estimation
      $385,000
      146,490 SF

      315 Ponce De Leon Ave

      OFFICE BUILDING • 146,490 SF
      315 Ponce De Leon Ave, Decatur, GA 30030-2400
      View Details
    • Value Estimation
      $820,000
      47,705 SF

      120 Trinity Pl

      OFFICE BUILDING • 47,705 SF
      120 Trinity Pl, Decatur, GA 30030-3313
      View Details
    • Value Estimation
      $2,945,000
      10,800 SF

      545 Mcdonough St

      OFFICE BUILDING • 10,800 SF
      545 Mcdonough St, Decatur, GA 30030-3310
      View Details
    • Value Estimation
      $295,000
      10,726 SF

      317 Hl St

      OFFICE BUILDING • 10,726 SF
      317 Hl St, Decatur, GA 30030-4367
      View Details
    • Value Estimation
      $255,000
      2,147 SF

      116 Howard Ave

      OFFICE BUILDING • 2,147 SF
      116 Howard Ave, Decatur, GA 30030-3345
      View Details

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    • $1,499,000
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      Restored Sinclair Gas Station

      Iconic, renovated gas station in Oakhurst, Decatur. Versatile commercial space.
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    • $198,000

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      Two-bedroom condo near Decatur Square, shopping, and Emory University.
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    • New
      $1,250,000
      0.43 Acres

      Decatur Multifamily Investment Opportunity

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      606 Coventry Rd, Decatur, GA 30030
      View Details
    • New
      $1,250,000
      0.43 Acres

      Decatur Multifamily Investment Opportunity

      Fully occupied 6-unit apartment building in Decatur, Georgia.
      606 Coventry Rd, Decatur, GA 30030
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      3,400 SF

      Decatur Free Standing Building ForRent

      Single-tenant building suitable for office, medical office, or retail use.
      613 Church St, Decatur, GA 30030
      View Details
    • $31 SF/Yr
      122,713 SF

      Class A Office Building in Decatur

      Six-story Class A office building with high-end amenities in Decatur.
      160 Clairemont Ave, Decatur, GA 30030
      View Details
    • $22 SF/Yr
      14,601 SF

      Decatur GA Office Space for Lease

      Prime Decatur Office Suites - Flexible Options
      0 Court Sq, Decatur, GA 30030
      View Details
    • $22 SF/Yr
      18,838 SF

      Decatur, GA Executive Office Suites

      Class A Office Space, Modern Amenities
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      View Details
    • $36 SF/Yr
      12,699 SF

      Downtown Decatur Office Suites

      Prime Decatur Office Space Available
      119 Court Sq, Decatur, GA 30030
      View Details
    • $30 SF/Yr
      7,456 SF

      Downtown Decatur Office Suites

      Prime Decatur location, flexible office space
      235 Ponce De Leon Ave, Decatur, GA 30030
      View Details
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    715 East Lake Dr
    Decatur, GA 30030
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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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