Retail Strip Center Investment
For Sale
$2,300,000
414 N Hairston Rd, Stone Mountain, GA 30083
Retail strip center with high occupancy in Stone Mountain, GA.
Property Size15,000 SF
Price / SF$153.33
Days on Market322
Property Features for 414 N Hairston Rd
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Retail
Building Details
Building Size
15,000 SF
Year Built
1988
Listing Agency:
SVN Creviston Realty, Inc.
Listed By:
Jacob Bower · License #GA #414707
(678) 308-8742
Source:
Svn
Added: Nov 21, 2025
Changed: Sep 8
Last Checked: Oct 7 at 10:15AM
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, located at 414 N Hairston Rd in Stone Mountain, GA, presents an investment opportunity. Constructed in 1988, the property features a 15,000-SF building on a 1.84-acre lot. The building is divided into 13 units and maintains a 90%+ occupancy rate. Zoned Neighborhood Shopping (NS), the property provides 50 parking spaces and a monument sign. It benefits from its location at a signalized intersection, with traffic counts of 29,000 cars per day on N Hairston Road and 16,600 on Rockbridge Road. The site has two entry points for accessibility. The estimated NOI is $140,334 with one current vacancy. The property is situated 2.5 miles from Stone Mountain, across from the Rockbridge Crossing Shopping Center and an Advance Auto Parts.
Key Highlights
- High Occupancy Rate: 90%+ occupancy provides immediate and stable income.
- Strong NOI: Estimated NOI of $148,615 indicates a profitable investment.
- Prime Location: Signalized intersection with high traffic counts (29,000 on N Hairston, 16,600 on Rockbridge) ensures excellent visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,981
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
Current Use
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center with high occupancy in Stone Mountain, GA.
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: High Occupancy Rate: 90%+ occupancy provides immediate and stable income.; Strong NOI: Estimated NOI of $148,615 indicates a profitable investment.; Prime Location: Signalized intersection with high traffic counts (29,000 on N Hairston, 16,600 on Rockbridge) ensures excellent visibility.
