Freestanding Salon Retail
For Sale
$425,000
2869 S Stone Mountain Lithonia Road, Lithonia, GA 30038
Salon improvements include styling stations, shampoo and dryer areas, private rooms, laundry, and on-site parking.
Property Size1,970 SF
Lot Size1.10 Acres
Price / SF$182.80
Days on Market12
Property Features for 2869 S Stone Mountain Lithonia Road
General Information
Standard status
Active
Size
1,970 SF
Lot size
1.10 Acres
Property subtype
Commercial
Additional Details
Asking Price
$425,000
Amenities
1.1 acres, City Lot, Near Public Transit
Public Sewer
Parcel Number: 16 135 02 014, Annual Amount: $1,993, Year: 2025
Central Air
Central
Listing ID: 10868926, Standard Status: Active, MLS Status: New, On market as of 2026-10-01, 6 days on market
Parking Lot, Paved
Built in 1970, Construction Materials: Brick
County/Parish: DeKalb
Updated/Remodeled
Electricity Available, Natural Gas Available, Water Source: Public
Negotiable
Building Details
Building Size
1,970 SF
Year Built
1970
Buildings
1
Listing Agency:
Your Home Sold Guaranteed Realty
(678) 894-9744
Listed By:
Crystal Braddock · License #300335
(404) 396-7595
Source:
Blackstreaminternational
Added: Oct 1
Changed: Oct 11
Last Checked: Oct 11 at 8:57AM
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 Your Home Sold Guaranteed Realty
Investment Insights
Based on property information with market context.
This freestanding retail property in Lithonia contains approximately 2,325 SF on approximately 1.10 acres. Built in 1970, it is currently improved for salon operations, with styling stations, a shampoo area, dryer stations, private or flexible rooms, a laundry area, and restroom facilities. On-site parking serves the property.
Key Highlights
- Approximately 2,325 SF on approximately 1.10 acres
- Existing salon setup includes styling stations, shampoo and dryer areas, private rooms, and laundry
- Freestanding commercial property with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,702
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,040
$654.0K
Cap Rate 7%
$467,171
$467.2K
Cap Rate 9%
$363,356
$363.4K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$51.1K $21.96/SF
− Vacancy
−$4.3K −$1.87/SF
EGI
$46.7K $20.09/SF
− OpEx
−$14.0K −$6.03/SF
NOI
$32.7K $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 Rate 5%
$654,040
Cap Rate 7%
$467,171
Cap Rate 9%
$363,356
Alternative Uses
Best Use
Retail
$467.2K
$408.8K – $545.0K
NOI $32,702 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.9K
$568.7K – $758.3K
NOI $45,495 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Salon improvements include styling stations, shampoo and dryer areas, private rooms, laundry, and on-site parking.
Where is this retail space located?
The property is located at 2869 S Stone Mountain Lithonia Road Lithonia, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 2,325 SF on approximately 1.10 acres; Existing salon setup includes styling stations, shampoo and dryer areas, private rooms, and laundry; Freestanding commercial property with on‑site parking
