2978 Rainbow DrDecatur, GA 30034

Property Details for 2978 Rainbow Dr

Year built

1979

Construction

WOOD FRAME

Lot size

0.80 AC

Property size (Sq ft)

5,100 SF

Zone code

C1

Property type

Retail space

APN

15 121 02 008

APU

1512102008

Description

This exceptional investment opportunity presents a fully occupied, 5,100 square foot commercial property situated on a 0.8-acre lot in Decatur, Georgia. The property, built in 1979, boasts a strong 7.90% cap rate, making it an attractive addition to any portfolio. The building houses two thriving businesses: an executive office suite and an auto repair/tire service shop. Both tenants are established, long-term leaseholders, ensuring consistent rental income. The property's strategic location on 2978 Rainbow Drive in Dekalb County (zip code 30034) offers excellent visibility and accessibility, with convenient proximity to major interstates I-285 and I-20. Ample parking is available on the sizable lot. This turnkey investment property requires minimal management and offers a significant return on investment. The property's diverse tenant mix and strong lease agreements provide a stable and reliable income stream. The combination of a high cap rate, long-term leases, and prime location makes this a truly exceptional opportunity for discerning investors seeking a profitable and low-maintenance commercial property in a thriving market. The property is ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,610,835

  6.5%

  $1,486,925

  7%

  $1,380,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,506,911

  Geo Method

  $2,506,911

• Alternative Use

  Use

  Valuation

  Residential

  $1,254,277

  Hospitality

  $1,148,911

  Educational

  $955,880

  Medical

  $988,754

  Retail

  $1,486,925

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7101

Longitude

-84.268

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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