Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Antioch Manor Apartments Opportunity Title is generated by Realmo AI

    4711 Bishop Ming Boulevard, Stone Mountain, GA 30088

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,850,000

    120-unit age-restricted community with value-add components.

    Type:Multifamily
    Added:
    Nov 25, 2025
    Days on Market:
    172
    Last Refresh:
    Apr 5 at 8:20 pm

    Property Features for 4711 Bishop Ming Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Ramon Garcia

    Listing agent Ramon Garcia

    Listing office

    Listing date Nov 25, 2025

    Source Bullrealty

    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 Ramon Garcia

    HighLights

    • Significant value‑add potential through expense optimization and rent increases.
    • Immediate cash flow from a well‑occupied, 120‑unit age‑restricted community.
    • Below market pricing of $7,850,000 compared to a 2020 appraisal of $12,200,000.
    • Additional income potential from five water‑damaged units currently under renovation.
    • Desirable unit mix of studios, one‑bedroom, and two‑bedroom apartments.
    • Convenient location near healthcare, retail, and major transportation routes.

    Overview

    Antioch Manor Apartments, a 120-unit age-restricted community, presents an opportunity for acquisition. Built in 2005, the property is well-occupied and offers immediate cash flow with multiple value-add components. Situated on approximately 10.16 acres, the community features a unit mix of 6 studios, 48 one-bed/one-bath units, 48 two-bed/one-bath units, and 18 two-bed/two-bath units. The property was appraised for $12,200,000 in 2020. Currently, five water-damaged units are under renovation and not included in the existing cap rate. An experienced operator may be able to adjust operating costs to align with the market and increase rents up to program limits. The property is conveniently located near healthcare facilities, retail centers, and major transportation routes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Antioch Manor Estates Assisted Living Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.1964
    Latitude
    33.7379

    Nearby Similar for Sale

    • $649,000
      2,900 SF

      Stone Mountain Commercial Opportunity

      Multi-purpose building in high traffic area, Dekalb County.
      5712 Redan Road, Stone Mountain, GA 30088
      View Details
    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Road, Stone Mountain, GA 30088
      View Details
    • $1,025,000
      9,560 SF

      Versatile Commercial Property on Rockbridge Road

      Commercial property suitable for retail, office, medical, or service use.
      4759 Rockbridge Road, Stone Mountain, GA 30083
      View Details
    • $1,025,000
      13,108 SF

      Stone Mountain Commercial Opportunity

      Versatile commercial property in high-traffic Stone Mountain corridor.
      4759 Rockbridge Road, Stone Mountain, GA 30083
      View Details
    • $560,000
      5,400 SF

      Stone Mountain Commercial Building For Sale

      5,400 sq ft commercial building in Stone Mountain, GA.
      404 Club House Drive, Stone Mountain, GA 30083
      View Details
    • $449,000

      Historic Stone Mountain Village Triplex

      Rare triplex near Stone Mountain Park and Main Street.
      5502 E Mountain Street, Stone Mountain, GA 30083
      View Details
    • $449,000

      Historic Stone Mountain Village Triplex

      Rare triplex near Stone Mountain Park and Main Street.
      5502 E Mountain Street, Stone Mountain, GA 30083
      View Details
    • $379,900

      Renovated Stone Mountain Income Property

      Worry-free investment property in Smoke Rise, generating active income.
      353 Old Rosser Road, Stone Mountain, GA 30087
      View Details
    • $309,900

      Stone Mountain Turnkey Investment Opportunity

      Fully operational co-living property near Atlanta with immediate cash flow.
      5432 Windfern Court, Stone Mountain, GA 30088
      View Details
    • $309,900

      Stone Mountain Turnkey Investment Opportunity

      Fully operational co-living property near Atlanta with immediate cash flow.
      5432 Windfern Court, Stone Mountain, GA 30088
      View Details
    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Road, Stone Mountain, GA 30088
      View Details
    • $700,000
      5,600 SF

      Vacant Building on Memorial Drive

      5,600 SF vacant building on 0.48 AC lot.
      6287 Memorial Drive, Stone Mountain, GA 30083
      View Details

    FAQs

    What type of property is this?
    Apartment building - 120-unit age-restricted community with value-add components.
    Where is this apartment building located?
    The property is located at 4711 Bishop Ming Boulevard Stone Mountain, GA.
    What is the asking price?
    The asking price for this property is $7,850,000.
    What are key features of this property?
    This property features: Significant value‑add potential through expense optimization and rent increases.; Immediate cash flow from a well‑occupied, 120‑unit age‑restricted community.; **Below market pricing** of $7,850,000 compared to a 2020 appraisal of $12,200,000.
    (404) 876-1640
    We can help!
    Listing Contact
    Ramon Garcia
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4711 Bishop Ming Boulevard, Stone Mountain, GA 30088
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!