Retail Building with Highway
For Sale
$695,000
4132 Stone Mountain Highway, Lilburn, GA 30047
Built in 1984, this C2-zoned retail building sits on a parcel with 108 ft frontage.
Property Size2,848 SF
Lot Size0.96 Acres
Price / SF$244.03
Days on Market397
Property Features for 4132 Stone Mountain Highway
General Information
Standard status
Active
Size
2,848 SF
Lot size
0.96 Acres
Property subtype
SCR-FREE, SCR-REST
Zoning
C2
Site & Location
Traffic Count
49,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1984
Listing Agency:
Atlanta Land Group
Listed By:
Jay Leslie · License #203782
(404) 277-9191
Source:
Realnex
Added: Aug 8, 2025
Changed: Jul 23
Last Checked: Jul 24 at 4:45AM
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 Atlanta Land Group
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.
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 = 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
$33,086
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
4.76%
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%
$661,720
$661.7K
Cap Rate 7%
$472,657
$472.7K
Cap Rate 9%
$367,622
$367.6K
Market Conditions
NOI Build-Up for 2,848 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
$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 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%
$661,720
Cap Rate 7%
$472,657
Cap Rate 9%
$367,622
Alternative Uses
Best Use
Retail
$472.7K
$413.6K – $551.4K
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
NOI $55,729 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
