5026 Snapfinger Woods DrDecatur, GA 30035

Property Details for 5026 Snapfinger Woods Dr

Year built

1983

Lot size

1.41 AC

Property size (Sq ft)

6,000 SF

Zone code

M

Property type

Office properties

Property subtype

Office buildings

APN

16 025 01 013

APU

1602501013

Description

This exceptional multi-tenant office investment opportunity, located at 5026 Snapfinger Woods Drive in Decatur, Georgia, presents a compelling proposition for discerning investors. The property consists of two single-story buildings totaling 10,000 square feet of rentable space, situated on a 1.41-acre lot. Currently boasting 97% occupancy with a diverse tenant mix, the property generates a strong net operating income (NOI) of $141,023, yielding an attractive 8.81% cap rate. The asking price is $1,600,000, translating to $160 per square foot. Built in 1984 and classified as Class C, the property features 32 units, ranging in size down to 200 square feet, and offers 36 parking spaces. The property benefits from a prime location in DeKalb County, providing convenient access to major transportation arteries, including I-20 and I-285, and is situated near a hospital, ensuring high visibility and accessibility. The property is zoned C1 - Local Commercial and includes an entrance monument sign. The current lease type is gross, and the occupancy date is November 1, 2024. Owner financing is available. This investment offers a stable income stream with significant potential for appreciation in a thriving Atlanta submarket. The property's strong occupancy rate, combined with its strategic location and ample parking, makes it an ideal addition to any real estate portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,289,184

  6.5%

  $1,190,016

  7%

  $1,105,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,170,360

  Geo Method

  $1,170,360

• Alternative Use

  Use

  Valuation

  Residential

  $1,475,620

  Hospitality

  $1,351,660

  Educational

  $1,124,565

  Medical

  $1,163,240

  Retail

  $1,749,323

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.7117

Longitude

-84.1817

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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