2616 Old Wesley Chapel RdDecatur, GA 30034

Property Details for 2616 Old Wesley Chapel Rd

Year built

1971

Construction

WOOD FRAME

Lot size

0.65 AC

Property size (Sq ft)

6,400 SF

Zone code

OI

Property type

Office properties

Property subtype

Office buildings

APN

15 126 08 003

APU

1512608003

Description

This Decatur, Georgia office building presents a compelling opportunity for owner-occupants or investors. The 6,200 square foot, two-story property sits on a 0.6-acre lot, offering ample paved parking. Zoned OI (Office-Institutional) in DeKalb County, the building features 16 individual office suites ranging from approximately 210 to 600 square feet, each with a single hallway layout. Currently, there is existing vacancy, allowing an owner-user to occupy a portion while benefiting from rental income. Alternatively, the property offers significant potential for increased leasing and investment returns. Located minutes from I-20 (exit 68) at Wesley Chapel Road, the building boasts 190 feet of frontage along the I-20 eastbound on-ramp, providing excellent visibility from the westbound lanes. The property's proximity to I-285, with ongoing interchange improvements, further enhances its strategic location. Utilities and janitorial services are included in the rent

• CAP approach

  CAP return

  Valuation

  6%

  $1,375,129

  6.5%

  $1,269,350

  7%

  $1,178,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,248,384

  Geo Method

  $1,248,384

• Alternative Use

  Use

  Valuation

  Residential

  $1,573,994

  Hospitality

  $1,441,770

  Educational

  $1,199,536

  Medical

  $1,240,790

  Retail

  $1,865,945

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7109

Longitude

-84.216

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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