Property Location

2766 White Oak Drive, Decatur GA 30032

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List Price $650,000
Units 1
Est. Cap Rate 1.1%
Est. Cash-on-Cash -19.7%
Price / Unit $650,000
Est. Year 1 Cash Flow $-32,052 after debt service
2766 White Oak Drive Decatur, GA 30032
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
This is a great church property located in a residential area within close proximity to downtown Decatur and Atlanta. The property sits on over one acre of land and has a parking lot with at least 40 parking spaces. It is easily accessible to nearby amenities such as restaurants, stores, entertainment venues, and parks and recreation. This property is unique in that although it is a church commercial property, it is zoned by the city as multifamily residential. This opens up opportunities for the buyer to build different types of dwellings such as single family residences or multi-unit buildings on the lot. The property has the potential for multifaceted uses. The inside of the church is spacious and can be readily converted into different configurations depending upon the desire of the buyer. As you enter the building there is a foyer with high ceilings. There are two bathrooms off the hallway, one on the left and the other on the right. On the right side of the hallway there is a large rectangular room that could be used as a meeting or conference room. On the opposite side of the hallway there are rooms that are currently being used as offices. The hallway comes equipped with a ramp that leads into the main sanctuary. The sanctuary is a wide natural sunlit area with plenty of seating for an audience of 300 guests. In addition to the sunlight through the windows there is also ample artificial lighting. There are plenty of storage areas in the sanctuary as well as an office in the rear area that has a closet as well as a bathroom. On the left side of the sanctuary there is a Sound / AV room. Before the entrance into the sanctuary, off the hallway on the right, there is a set of stairs that lead down to the basement. The basement is a wide open space that is almost a one-third footprint of the main floor above it. The basement has a generous amount of space to handle a number of different activities, functions and special events. There is an abundance of storage space. On the left side of the basement there is a good-sized stage that can accommodate a wide range of activities and performances. On the stage there is an access door that opens to the room with the HVAC system. On the right side of the basement there is a kitchen area that has the capacity to easily handle up to 12 people working together with plenty of room for appliances as well. Across the hall from the kitchen is a secondary kitchen area which is presently being used to hold refrigerators. Currently there are five refrigerators there with enough space to add shelving and more appliances in the room. In the basement there is also a full bathroom with a shower. With all of these features, this is a tremendously flexible property that can accommodate many different uses. It could be converted to a community center, residential single or multifamily housing, office building or other imagined uses. Property does need some improvements but has great potential! A floor outline has been included with the photos to provide a visual presentation of the building interior. Come and see this property, purchase it, and bring your vision to life!
Investment Notes — Decatur
  • Located in the Decatur, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $650,000 Verified
Est. Cap Rate 1.06% Modeled
Est. Cash-on-Cash -19.72% Modeled
Est. Gross Income $14,930 Modeled
Est. NOI $6,868 Modeled
Est. Year 1 Cash Flow $-32,052 after debt service (25% down / 7% / 30-yr) Modeled
Price per Sq Ft $99 Verified
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

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5.0%
49%
25%
7%
30 yrs
Gross Potential Income
Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
Asking Cap Rate
Price Per Unit
Annual Debt Service
Year 1 Cash Flow
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Jeff’s Investment Take

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Est. Cap1.1%
Est. CoC-19.7%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7734284 · Listing courtesy of Joe Stockdale Real Estate, LLC, Cele Blair · 678-495-7337

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily