Stonecrest Commercial Property For
For Sale
$999,900
7322 Stonecrest Concourse, Lithonia, GA 30038
Commercial property in Stonecrest's retail corridor, near The Mall.
Property Size5,192 SF
Price / SF$192.58
Days on Market273
Property Features for 7322 Stonecrest Concourse
General Information
Standard status
Active
Size
5,192 SF
Property subtype
Retail
Building Details
Building Size
5,192 SF
Year Built
2003
Listing Agency:
SVN Second Story Real Estate Management- Atlanta
(770) 557-5206
Listed By:
Jake Creviston · License #GA #365989
(770) 557-5206
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 9
Last Checked: Aug 20 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Second Story Real Estate Management- Atlanta
Investment Insights
Based on property information with market context.
The commercial property at 7322 Stonecrest Concourse is located in the Stonecrest commercial corridor, adjacent to The Mall at Stonecrest. The property benefits from high traffic counts along I-20 and Turner Hill Road. It is positioned near national retailers, restaurants, entertainment venues, and service providers. The location provides access to residential communities, employment centers, and major transportation routes. The building was constructed in 2003 and formerly operated as a Buffalo Wild Wings. The property was foreclosed upon in 2024. The building has existing FF&E from previous restaurant operator. It is suited for retail, office, medical, or service-oriented businesses. The property is located in the City of Stonecrest, DeKalb County, just east of Atlanta with immediate access to Interstate 20. It is a free-standing building on a corner lot in a busy retail corridor. The property includes existing kitchen equipment and walk-in coolers. There are 72 parking spaces available. It is a turnkey restaurant.
Key Highlights
- Prime location directly across from The Mall at Stonecrest in a busy retail corridor with high visibility and traffic.
- Excellent accessibility with immediate access to I‑20.
- Turn‑key restaurant opportunity with existing kitchen equipment and walk‑in coolers.
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
$83,438
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
8.34%
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%
$1,668,760
$1.7M
Cap Rate 7%
$1,191,971
$1.2M
Cap Rate 9%
$927,089
$927.1K
Market Conditions
NOI Build-Up for 5,192 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
$119.6K $23.04/SF
− Vacancy
−$8.4K −$1.61/SF
EGI
$111.3K $21.43/SF
− OpEx
−$27.8K −$5.36/SF
NOI
$83.4K $16.07/SF
Area
DeKalb County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,668,760
Cap Rate 7%
$1,191,971
Cap Rate 9%
$927,089
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,438 @ 7.0% cap · market cap 8.34%
Second Best
Retail
$1.04M
$912.8K – $1.22M
NOI $73,027 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,595 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30038, GA
43,683
Population
17,061
Households
2.6
Avg Household Size
36
Median Age
33%
College-Educated
92%
High-School Grad
28.8 sq mi
ZIP Area
1,517
Density / Sq Mi
$70,860
Median Household Income
$41,153
Median Earnings
$1,535
Median Rent
$234,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mz Munchiez Eatz — 8170 Mall Pkwy, Stonecrest, GA 30038
- Especially Yours Cuisine — 8109 Mall Pkwy, Stonecrest, GA 30038
- Punkin's Catering — Stonecrest Square, Lithonia, GA 30058
Frequently Asked Questions
What type of property is this?
Restaurant - Commercial property in Stonecrest's retail corridor, near The Mall.
Where is this restaurant located?
The property is located at 7322 Stonecrest Concourse Lithonia, GA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Prime location directly across from The Mall at Stonecrest in a busy retail corridor with high visibility and traffic.; Excellent accessibility with immediate access to I‑20.; Turn‑key restaurant opportunity with existing kitchen equipment and walk‑in coolers.
