Renovated Retail Space with 7
New
For Sale
$675,000
4405 Rockbridge Road, Stone Mountain, GA 30083
Commercial Sale, Stone Mountain, GA
Property Size3,442 SF
Lot Size0.55 Acres
Price / SF$196.11
Days on Market6
Property Features for 4405 Rockbridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NS
Parking
16
Parking features
Parking Lot
Security features
Security Lighting
Window features
Wood Frames
Interior features
Living Space Available, Restrooms
Fencing
Chain Link
Lot features
Free Standing, Level
View
City
Directions
Please use GPS. Form downtown Atlanta: I-285 to Memorial Drive, right on Rockbridge Road.
Standard status
Active
APN
18 041 03 006
Size
3,442 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4353
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front lobby area
7 suites
3 full bathrooms
full kitchen
full unfinished basement with separate exit
ample storage
air conditioning
tenant-controlled HVAC
signage opportunities
on-site parking
Building Details
Year built
1940
Floors in Building
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Aluminum Siding, Brick, Vinyl Siding
Roof type
Asphalt
Listing Agency:
Keller Williams Realty Peachtree Rd.
(404) 419-3500
Listed By:
Hattie Best
(770) 873-6725
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 19 at 9:06PM
MLS# 7839515
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated retail property contains 3,442 square feet on approximately 0.551 acres. The interior includes a front reception lobby, 7 suites, 3 full bathrooms, a kitchen, storage areas, and a full unfinished basement with its own exit. Central air conditioning and tenant-controlled HVAC support the existing layout, while a parking lot and signage areas serve the property. The building has laminate and ceramic tile flooring, public water, and an asphalt roof.
Located at 4405 Rockbridge Road in Stone Mountain, the property has approximately 120 feet of road frontage in unincorporated DeKalb County. NS—Neighborhood Shopping zoning establishes a commercial framework for neighborhood-serving retail and service uses, subject to applicable approvals and permitting. The building has a history of retail and service use, including a hair salon and personal care home.
Located at 4405 Rockbridge Road in Stone Mountain, the property has approximately 120 feet of road frontage in unincorporated DeKalb County. NS—Neighborhood Shopping zoning establishes a commercial framework for neighborhood-serving retail and service uses, subject to applicable approvals and permitting. The building has a history of retail and service use, including a hair salon and personal care home.
Key Highlights
- 3,442‑square‑foot renovated retail building on approximately 0.551 acres
- 7 suites, 3 full bathrooms, front lobby, kitchen, and storage areas
- Full unfinished basement with separate exit
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
$48,413
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
7.17%
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%
$968,260
$968.3K
Cap Rate 7%
$691,614
$691.6K
Cap Rate 9%
$537,922
$537.9K
Market Conditions
NOI Build-Up for 3,442 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
$75.6K $21.96/SF
− Vacancy
−$6.4K −$1.87/SF
EGI
$69.2K $20.09/SF
− OpEx
−$20.7K −$6.03/SF
NOI
$48.4K $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%
$968,260
Cap Rate 7%
$691,614
Cap Rate 9%
$537,922
Alternative Uses
Best Use
Retail
$691.6K
$605.2K – $806.9K
NOI $48,413 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$962.2K
$841.9K – $1.12M
NOI $67,352 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
270
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
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Frequently Asked Questions
What type of property is this?
Retail space - NS-zoned property with a lobby, kitchen, restrooms, on-site parking, and flexible service-oriented layout.
Where is this retail space located?
The property is located at 4405 Rockbridge Road Stone Mountain, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,442‑square‑foot renovated retail building on approximately 0.551 acres; 7 suites, 3 full bathrooms, front lobby, kitchen, and storage areas; Full unfinished basement with separate exit
