2929 Rainbow DrDecatur, GA 30034

Property Details for 2929 Rainbow Dr

Year built

1995

Construction

FRAME

Lot size

6.60 AC

Property size (Sq ft)

5,000 SF

Zone code

C2

Property type

Warehouses

APN

15 121 06 005

APU

1512106005

Description

This exceptional 6.6-acre industrial land parcel presents a unique investment opportunity in Decatur, Georgia. Located at 2929 S Rainbow Dr, this property offers a 5,500 square foot building, ideal for owner-occupiers or investors seeking high-return potential. The low building coverage ratio of approximately 1.91% on this expansive lot allows for significant future development possibilities. The property's strategic location provides easy access to major transportation arteries, being approximately one mile from both I-20 and I-285 interstates within the Atlanta MSA. This presents a rare opportunity in a thriving East Atlanta submarket, with limited comparable properties available for sale or lease. The asking price is $2,200,000. The property's size and location make it suitable for a wide range of industrial uses, capitalizing on the growing demand for space in this area. The substantial land area offers flexibility for expansion or future development projects, maximizing long-term investment value. This is a prime opportunity to acquire a well-situated industrial property in a dynamic market. The property is zoned for industrial use within DeKalb County, zip code 30034.

• CAP approach

  CAP return

  Valuation

  6%

  $2,321,420

  6.5%

  $2,142,840

  7%

  $1,989,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,560,480

  Geo Method

  $1,560,480

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,112,520

  Mixed-Use / Specialty

  $1,119,330

  Hospitality / Lodging

  $835,247

  Office

  $1,123,900

  Institutional / Educational

  $1,167,500

  Residential Income

  $1,365,980

  Multifamily

  $1,578,530

  Automotive / Energy

  $1,000,720

  Parking / Income-Based Land

  $334,687

  Restaurant / Food Service

  $605,172

  Healthcare / Senior Housing

  $1,136,800

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7065

Longitude

-84.2702

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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