Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 Palmer Drive Stone Mountain, GA 30083

    View on Map
    For Sale
    $65,000

    LAND - Stone Mountain, GA

    Lot size:
    0.73 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for 400 Palmer Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18 037 01 120
    Lot size
    0.73 Acres

    Taxes and HOA fees

    TaxYear
    24
    TaxAnnualAmount
    1028

    We can help!

    Listing Contact
    Shaletha Colbert

    Listing agent Shaletha Colbert

    Listing office HomeSmart 10900 Crabapple Road, Atlanta, GA

    Listing date Mar 19, 2026

    MLS# 10714042

    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.

    Overview

    Spacious Corner Lot in Stone Mountain

    This residential land offers a spacious corner lot with nearly 0.7 acres of buildable space in a quiet residential setting. Located in unincorporated DeKalb County's 18th District (Land Lot 37), this level parcel offers design flexibility without HOA restrictions. The property is within walking distance of the Wade-Walker Family YMCA, and just minutes from Stone Mountain-Lithonia Road, Rockbridge Road, Stone Mountain Park, and downtown Stone Mountain. The location provides quick access to major highways, shopping, dining, parks, and schools. This lot delivers a prime opportunity in a highly accessible area for creating a custom residence. The property is located in Stone Mountain, Georgia, with a postal code of 30083.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.164816
    Latitude
    33.789019

    Nearby Similar for Sale

    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Road, Stone Mountain, GA 30088
      View Details
    • $320,000

      Stone Mountain Multifamily Investment Opportunity

      Turnkey co-living property near Atlanta with immediate cash flow.
      5432 Windfern Court, Stone Mountain, GA 30088
      View Details
    • $320,000

      Stone Mountain Turnkey Investment Opportunity

      Fully operational co-living property near Atlanta with immediate cash flow.
      5432 Windfern Court, Stone Mountain, GA 30088
      View Details
    • $260,000
      1 SF

      Prime Commercial Lot in Stone

      1.02-acre commercial lot in Stone Mountain, GA for sale.
      Annistown Road lot: 39, Stone Mountain, GA 30087
      View Details
    • $449,000

      Historic Stone Mountain Village Triplex

      Rare triplex near Stone Mountain Park and Main Street.
      5502 E Mountain Street, Stone Mountain, GA 30083
      View Details
    • $449,000

      Historic Stone Mountain Village Triplex

      Rare triplex near Stone Mountain Park and Main Street.
      5502 E Mountain Street, Stone Mountain, GA 30083
      View Details
    • $499,000

      Stone Mountain Commercial Land Available

      3.2 acre lot in a busy retail location.
      4962 Redan Road, Stone Mountain, GA 30088
      View Details
    • $339,000

      Stone Mountain Brick Duplex Opportunity

      Move-in ready duplex with income potential in Stone Mountain.
      5309 Stonebush Terrace, Stone Mountain, GA 30083
      View Details
    • $499,000
      12,240 SF

      Stone Mountain Mixed-Use Land

      3.2 acre lot in a busy retail location.
      4962 Redan Road, Stone Mountain, GA 30088
      View Details
    • $499,000

      Stone Mountain Commercial Land Available

      3.2 acre commercial land in a busy retail location.
      4962 Redan Road, Stone Mountain, GA 30088
      View Details
    • $365,000

      Residential Land in Stone Mountain

      4.5+ acre residential land parcel zoned for multi-family development.
      2234 Rockbridge Road, Stone Mountain, GA 30087
      View Details
    • $65,000

      Spacious Corner Lot in Stone

      Buildable 0.7-acre lot near Stone Mountain Park.
      400 Palmer Drive, Stone Mountain, GA 30083
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable 0.7-acre lot near Stone Mountain Park and amenities.
    Where is this residential land & home lot located?
    The property is located at 400 Palmer Drive Stone Mountain, GA.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Large, nearly 0.7‑acre buildable corner lot.; No HOA restrictions, offering design flexibility.; Prime location with quick access to major highways, shopping, dining, parks, and schools.
    (404) 913-6289
    We can help!
    Listing Contact
    Shaletha Colbert
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!