2978 Rainbow DrDecatur, GA 30034
- Retail properties
- 5,100 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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