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    The Largest CRE Database in the US with Over 1 Million Listings

    108 S Lee St Stockbridge, GA 30281

    Sponsored
    For Sale
    $1,450,000

    COMMERCIAL - Stockbridge, GA

    Property size:
    6,985 SF
    Lot size:
    3.06 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 6 at 8:06 am

    Property Features for 108 S Lee St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    S2604009000
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Size
    6,985 SF
    Lot size
    3.06 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Flooring type
    Tile, Carpet, Hardwood
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Angie M Burdeshaw

    SouthSide, REALTORS® (770) 527-8406

    Listing agent Angie M Burdeshaw (770) 914-2122

    Listing date Feb 6, 2026

    MLS# 10686357

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Stockbridge Event Property with Expansion Potential

    This one-of-a-kind event property features a historic home, ballroom, and custom steel gazebo, situated on over 3 acres within the city limits of Stockbridge, GA, with room for expansion. The property offers abundant indoor and outdoor event space and is fully equipped for immediate operation. It includes a full commercial kitchen with walk-in cooler, stand-up refrigerators and freezers, ice machine, gas range/ovens, warming box, dish pit, on-site laundry, and four restrooms. All FF&E conveys with the sale. The property presents exceptional flexibility for continued use as an event venue or for adaptive reuse. Potential uses include an event venue, restaurant, medical or office space, senior living, personal care home, or B&B. The property is ideally positioned in the heart of downtown Stockbridge, directly across from the future Stockbridge STEM School (scheduled for completion Fall 2027) and within walking distance to First Baptist Church of Stockbridge, the Stockbridge Amphitheater, and Stockbridge City Hall. Located approximately 7 miles from Interstate 675 and approximately 8 miles from Interstate 75, with multiple nearby hotels, the property is well suited for events requiring overnight accommodations and offers excellent regional access. The walkable downtown setting and strong surrounding amenities further enhance its appeal for a wide range of business uses. The property size is 6,985 square feet and the lot size is 3.059 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pinehurst Catering & Events ... Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Accounting Firm Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stockbridge
    County
    Henry
    State
    Georgia
    Longitude
    -84.228794
    Latitude
    33.542206

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    FAQs

    What type of property is this?
    Wedding venue - Unique event property with historic home, ballroom, and gazebo.
    Where is this wedding venue located?
    The property is located at 108 S Lee St Stockbridge, GA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Fully equipped, turn-key event venue with historic home, ballroom, and custom gazebo on 3+ acres.; - Prime downtown Stockbridge location across from future STEM school and near key amenities.; - Abundant indoor and outdoor event space with potential for expansion.
    (770) 914-2122
    Request Owner's contact information
    108 S Lee St Stockbridge, GA 30281
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    Stockbridge, GA 30281
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 S Lee St Stockbridge, GA 30281
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    We can help!
    Listing Contact
    Angie M Burdeshaw
    (770) 914-2122
    Learn more
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