Building Details

Year Built 1984

Listing Agency: Atlanta Land Group

Listed By: Jay Leslie · License #203782 Show Phone

Source: Realnex

Added: Aug 8, 2025 Changed: Jul 23 Last Checked: Oct 23 at 3:20AM

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Investment Insights

Based on property information with market context.

The offering includes a retail building built in 1984 with approximately 2,848 square feet on a +/- 0.96-acre commercial parcel. The property features 108’ of frontage and is identified by Parcel ID R-6054-256.

The site is located at 4132 Stone Mountain Highway in Lilburn, GA, and is zoned C2–Commercial. Public remarks also note an ADT of 49,800.

Key Highlights

• Built in 1984 retail building with 2,848 sq ft
• C2‑Commercial zoning
• Approx. 0.96 acres with 108 ft frontage on Stone Mountain Highway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,086

Cap Rate

4.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,720 $661.7K

Cap Rate 7%

$472,657 $472.7K

Cap Rate 9%

$367,622 $367.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,848 SF

Gross rent

$51.3K $18.00/SF

− Vacancy

−$4.0K −$1.40/SF

EGI

$47.3K $16.60/SF

− OpEx

−$14.2K −$4.98/SF

NOI

$33.1K $11.62/SF

Area

Gwinnett County, GA

Vacancy

7.80%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,720

Cap Rate 7%

$472,657

Cap Rate 9%

$367,622

Alternative Uses

Best Use

Retail

$472.7K

$413.6K – $551.4K (±1% cap)

NOI $33,086 @ 7.0% cap · market cap 4.76%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$796.1K

$696.6K – $928.8K (±1% cap)

NOI $55,729 @ 7.0% cap · market cap 8.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

49,800 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

485

Businesses Nearby

219k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Shops & Services 20% Apparel 17% Home Improvements & Furnishings 15%

Burlington Apparel

36,989 visits/mo 0.1 miles

The Home Depot Home Improvements & Furnishings

33,766 visits/mo 0.2 miles

Bojangles' Famous Chicken 'n Biscuits Dining

15,223 visits/mo 0.5 miles

Chili's Grill & Bar Dining

14,733 visits/mo 0.1 miles

Zaxby's Chicken Fingers & Buffalo Wings Dining

13,452 visits/mo 0.3 miles

Demographics for 30047, GA

69,172

Population

22,691

Households

3

Avg Household Size

38

Median Age

39%

College-Educated

82%

High-School Grad

27.4 sq mi

ZIP Area

2,525

Density / Sq Mi

$85,909

Median Household Income

$41,760

Median Earnings

$1,681

Median Rent

$325,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Built in 1984, this C2-zoned retail building sits on a parcel with 108 ft frontage.

Where is this retail space located?

The property is located at 4132 Stone Mountain Highway Lilburn, GA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Built in 1984 retail building with 2,848 sq ft; C2‑Commercial zoning; Approx. 0.96 acres with 108 ft frontage on Stone Mountain Highway