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

    5895 Memorial Dr Stone Mountain, GA 30083

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    29,346 SF retail shopping center in Stone Mountain, GA.

    Property size:
    29,346 SF
    Lot size:
    1.56 Acres

    Property Features for 5895 Memorial Dr

    General Information

    Size
    29,346 SF
    Lot size
    1.56 Acres

    We can help!

    Listing Contact
    Lasha Kortava
    Lasha Kortava
    Source: Moodyscre

    Listing Agency: Sands Investment Group (SIG) - Corporate Listing Agent: Lasha Kortava

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Stone Mountain Retail Shopping Center

    The Memorial Plaza Shopping Center, a 29,346 square foot retail property, is available for purchase. It is located at 5895 Memorial Drive in Stone Mountain, GA. The property benefits from its location on a busy street with high traffic, providing a consistent flow of potential customers. The location offers excellent visibility from all directions, ensuring that the property and its tenants are easily seen by a wide audience. The surrounding area includes a Walmart shopping supercenter on one side and a Dekalb County Public Safety School on the other. The demographics within a 3-mile radius include a population of 97,664 residents with an average household income of $60,017.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creative Designz & Signz ... Marketing & Advertising BMG Wholesale Big Box & Wholesale Store Figure 8 Body ... (Bike/Boat/Book/etc) Store Dance for Joi Dance ... Training Center Platinum Elite Dance ... Training Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Similar Places Nearby

    Village Square Commons, Gabrielle, Value Mall, Good Vibes Only Store ATL, Village Square

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.1968258
    Latitude
    33.7996692

    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 Rd, Stone Mountain, GA 30088
      View Details
    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • $560,000
      5,400 SF

      Stone Mountain Commercial Building For Sale

      5,400 SF commercial building in a bustling Stone Mountain corridor.
      404 Clb House Dr, Stone Mountain, GA 30083
      View Details
    • New
      $31,128
      19,660 SF

      Stone Mountain Education Building Space

      Adaptable spaces for educational and community needs in Stone Mountain.
      6015 Old Stone Mountain Rd, Stone Mountain, GA 30087
      View Details
    • $339,000
      0.21 Acres

      Stone Mountain Brick Duplex Opportunity

      Move-in ready duplex with income potential in Stone Mountain.
      5309 Stonebush Ter, Stone Mountain, GA 30083
      View Details
    • $700,000
      5,600 SF

      Vacant Office Building on Memorial

      5,600 SF vacant building on 0.48 AC lot.
      6287 Memorial Dr, Stone Mountain, GA 30083
      View Details
    • New
      $930,000
      Pending

      Prime Medical Office Opportunity

      Established medical office with apartment in Stone Mountain, GA.
      2256 Rockbridge Rd, Stone Mountain, GA 30087
      View Details
    • $449,000
      0.24 Acres

      Historic Stone Mountain Village Triplex

      Rare triplex near Stone Mountain Park and Main Street.
      5502 E Mountain St, Stone Mountain, GA 30083
      View Details
    • $379,900
      0.48 Acres

      Renovated Income-Generating Home

      Tenant-occupied, renovated 3 bed, 2 bath home in Stone Mountain.
      353 Old Rosser Rd, Stone Mountain, GA 30087
      View Details
    • $379,900
      0.48 Acres

      Renovated Income-Generating Property in Stone Mountain

      Tenant-occupied, renovated 3 bed, 2 bath home in high-demand community.
      353 Old Rosser Rd, Stone Mountain, GA 30087
      View Details
    • $480,000
      Pending

      Mixed-Use Building in Stone Mountain

      Mixed-use property with retail and residential units in Stone Mountain.
      976 Main St, Stone Mountain, GA 30083
      View Details
    • $480,000
      Pending

      Stone Mountain Commercial and Residential

      Commercial spaces and apartments in downtown Stone Mountain, Georgia.
      976 Main St, Stone Mountain, GA 30083
      View Details

    FAQs

    What type of property is this?
    Shopping center - 29,346 SF retail shopping center in Stone Mountain, GA.
    Where is this shopping center located?
    The property is located at 5895 Memorial Dr Stone Mountain, GA.
    What are key features of this property?
    This property features: - Prime location in Stone Mountain, GA; - High traffic location on a bustling street; - Excellent visibility from all corners
    (844) 474-4666 Call to check price and availability
    Request Owner's contact information
    5895 Memorial Dr Stone Mountain, GA 30083
    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.
    5895 Memorial Dr
    Stone Mountain, GA 30083
    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
    5895 Memorial Dr Stone Mountain, GA 30083
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lasha Kortava
    Lasha Kortava
    (844) 474-4666 (404) 207-1171
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!