1924 Clairmont RdDecatur, GA 30033

Property Details for 1924 Clairmont Rd

Year built

1950

Lot size

0.61 AC

Property size (Sq ft)

1,946 SF

Zone code

OI

Property type

Office properties

Property subtype

Office buildings

APN

18 103 01 007

APU

1810301007

Description

This exceptional investment opportunity presents the St. Michael's Center, a two-story, multi-tenant office building situated at 1924 Clairmont Road in Decatur, Georgia. Spanning 7,558 square feet on a 0.7-acre lot, this property boasts 21 fully leased executive office spaces, ensuring immediate cash flow. Currently generating $111,180 in annual income, the building enjoys 100% occupancy with long-term tenants. A September 2024 appraisal valued the market lease at $151,160 annually, indicating significant upside potential. All existing leases are set to expire in 2025, providing the new owner with flexibility to either continue leasing or occupy the space entirely. Given the strong tenant base and many long-term leases, renewal is highly likely, making this a secure investment. The building is zoned O/I and is offered at a price slightly below its recent appraised value, presenting a compelling opportunity for investors seeking a stable, high-return asset in the desirable Decatur submarket. This is a rare chance to acquire a well-established property that has been under the same ownership for 50 years. The property includes a terrace level, adding to its overall appeal and functionality.

• CAP approach

  CAP return

  Valuation

  6%

  $418,125

  6.5%

  $385,962

  7%

  $358,393

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,587

  Geo Method

  $379,587

• Alternative Use

  Use

  Valuation

  Residential

  $478,593

  Hospitality

  $438,388

  Educational

  $364,734

  Medical

  $377,278

  Retail

  $567,364

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.8109

Longitude

-84.3092

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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