Corner Mixed-Use
For Sale
$575,000
970 Main Street, Stone Mountain, GA 30083
Commercial Sale, Stone Mountain, GA
Property Size2,800 SF
Lot Size0.01 Acres
Price / SF$205.36
Days on Market76
Property Features for 970 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Parking features
Parking Lot
Lot features
Corner Lot, Level
Directions
located at intersection of Main St. and E Mountain St. in Historic Stone Mountain Village.
Standard status
Active
APN
18 089 02 007
Size
2,800 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8750
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Flooring type
Concrete
Building materials
Brick
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Shante Lewis
(678) 464-0149
Added: Jun 22
Changed: Aug 19
Last Checked: Sep 5 at 6:06PM
MLS# 10793980
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.
Investment Insights
Based on property information with market context.
This 2,800-square-foot mixed-use building provides a flexible retail area on the ground floor and a two-bedroom, one-bath apartment above. The property features brick construction, concrete flooring, central heating and central air, along with a parking lot. Public water and sewer serve the building, and cable service is available.
The corner location is at Main Street and E. Mountain Street in Stone Mountain, positioned one minute from Hwy 78 and four blocks from Stone Mountain Park. The property is also next to the planned Lawn on Main mixed-use greenspace and amphitheater park. Its Village Center Mixed-Use designation supports the property's combined commercial and residential configuration.
The corner location is at Main Street and E. Mountain Street in Stone Mountain, positioned one minute from Hwy 78 and four blocks from Stone Mountain Park. The property is also next to the planned Lawn on Main mixed-use greenspace and amphitheater park. Its Village Center Mixed-Use designation supports the property's combined commercial and residential configuration.
Key Highlights
- 2,800‑square‑foot mixed‑use building with retail space and an upstairs 2bed/1bath apartment
- Village Center Mixed‑Use designation
- Corner position at Main Street and E. Mountain Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,660
$787.7K
Cap Rate 7%
$562,614
$562.6K
Cap Rate 9%
$437,589
$437.6K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.5K $21.96/SF
− Vacancy
−$5.2K −$1.87/SF
EGI
$56.3K $20.09/SF
− OpEx
−$16.9K −$6.03/SF
NOI
$39.4K $14.07/SF
Area
DeKalb County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,660
Cap Rate 7%
$562,614
Cap Rate 9%
$437,589
Alternative Uses
Best Use
Retail
$562.6K
$492.3K – $656.4K
NOI $39,383 @ 7.0% cap · market cap 6.85%
Second Best
Office B
$535.6K
$468.7K – $624.9K
NOI $37,495 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 30083, GA
58,064
Population
24,282
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
17.9 sq mi
ZIP Area
3,244
Density / Sq Mi
$54,162
Median Household Income
$33,586
Median Earnings
$1,356
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines flexible commercial space with an upstairs apartment and Village Center Mixed-Use zoning.
Where is this mixed-use property located?
The property is located at 970 Main Street Stone Mountain, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,800‑square‑foot mixed‑use building with retail space and an upstairs 2bed/1bath apartment; Village Center Mixed‑Use designation; Corner position at Main Street and E. Mountain Street
