Neighborhood Shopping Retail
For Sale
Contact for pricing
414 N Hairston Rd, Stone Mountain, GA 30083
Retail strip center with a 15,000 SF building and 14 units, built in 1988, with 50 parking spaces.
Property Size15,000 SF
Price / SF$153.33
Days on Market478
Property Features for 414 N Hairston Rd
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
50
Property subtype
RETAIL
Zoning
NS
Occupancy
90%
Additional Details
Business Included
No
Traffic Count
29,000 vehicles/day
Amenities
monument sign
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
SVN Creviston Realty, Inc.
(770) 298-7945
Listed By:
Derek Creviston · License #414707
(770) 298-7945
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Jul 28
Last Checked: Jul 28 at 10:33PM
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 Creviston Realty, Inc.
Investment Insights
Based on property information with market context.
This retail strip center consists of a 15,000 SF building with 14 units, built in 1988. The property is positioned as a neighborhood shopping asset and is currently reporting 90%+ occupancy, with 50 parking spaces to serve tenants and visitors.
The site is zoned Neighborhood Shopping (NS) and features a prominent monument sign. It is located at a signalized intersection with GDOT traffic counts of 29,000 cars per day on N Hairston and 16,600 on Rockbridge.
For investors or buyers seeking an income-producing retail configuration, the center’s current leasing level indicates meaningful existing tenant demand while the property’s parking count and unit count support day-to-day accessibility.
The site is zoned Neighborhood Shopping (NS) and features a prominent monument sign. It is located at a signalized intersection with GDOT traffic counts of 29,000 cars per day on N Hairston and 16,600 on Rockbridge.
For investors or buyers seeking an income-producing retail configuration, the center’s current leasing level indicates meaningful existing tenant demand while the property’s parking count and unit count support day-to-day accessibility.
Key Highlights
- 15,000 SF retail/strip center with 14 units at 414 N Hairston Rd, Stone Mountain, GA
- Built in 1988 and zoned Neighborhood Shopping (NS)
- Currently 90%+ occupied/90% leased, with NOI of $109,000
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
$210,981
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
9.17%
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%
$4,219,620
$4.2M
Cap Rate 7%
$3,014,014
$3.0M
Cap Rate 9%
$2,344,233
$2.3M
Market Conditions
NOI Build-Up for 15,000 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
$329.4K $21.96/SF
− Vacancy
−$28.0K −$1.87/SF
EGI
$301.4K $20.09/SF
− OpEx
−$90.4K −$6.03/SF
NOI
$211.0K $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%
$4,219,620
Cap Rate 7%
$3,014,014
Cap Rate 9%
$2,344,233
Alternative Uses
Best Use
Retail
$3.01M
$2.64M – $3.52M
NOI $210,981 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,515 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
29,000 VPD
Traffic count
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center with a 15,000 SF building and 14 units, built in 1988, with 50 parking spaces.
Where is this strip mall located?
The property is located at 414 N Hairston Rd Stone Mountain, GA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 15,000 SF retail/strip center with 14 units at 414 N Hairston Rd, Stone Mountain, GA; Built in 1988 and zoned Neighborhood Shopping (NS); Currently 90%+ occupied/90% leased, with NOI of $109,000
