Office Building with Drive-In
For Sale
Contact for pricing
4891 REDAN RD, Stone Mountain, GA 30088
Flexible commercial layout includes private offices, open workspace, reception, conference facilities, and drive-in access.
Property Size12,764 SF
Lot Size0.82 Acres
Price / SF$129.27
Days on Market53
Property Features for 4891 REDAN RD
General Information
Standard status
Active
Size
12,764 SF
Lot size
0.82 Acres
Property subtype
Office
Zoning
C-1
Occupancy
100%
Amenities
reception area
conference room
private offices
restrooms
open commercial space
drive-in bays
unfinished storage
secure fenced rear yard
Building Details
Year Built
1985
Buildings
1
Stories
2
Units
1
Building Size
12,764 SF
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
BEchols Company LLC
(678) 699-2652
Listed By:
Beverly Echols · License #418223
Source:
Crexi
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 29 at 7:08PM
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 BEchols Company LLC
Investment Insights
Based on property information with market context.
The property is a 12,764-square-foot commercial building constructed in 1985 on 0.82 acres. Its layout combines a welcoming reception area, conference room, multiple private offices, five restrooms, expansive open commercial space, unfinished storage, four drive-in bays, and on-site parking. A fenced rear yard adds secured exterior space.
Zoned C-1 and located at 4891 Redan Rd in Stone Mountain, the building is configured for a range of potential commercial applications identified in the property information, including professional offices, medical office, behavioral health, educational or training use, nonprofit operations, corporate headquarters, showroom, and adaptive reuse. The property is currently owner-occupied and will be vacated upon sale.
Zoned C-1 and located at 4891 Redan Rd in Stone Mountain, the building is configured for a range of potential commercial applications identified in the property information, including professional offices, medical office, behavioral health, educational or training use, nonprofit operations, corporate headquarters, showroom, and adaptive reuse. The property is currently owner-occupied and will be vacated upon sale.
Key Highlights
- 12,764 SF commercial building on 0.82 acres
- C‑1 zoning at 4891 Redan Rd, Stone Mountain, GA
- Four drive‑in bays with conversion potential
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
$77,756
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
4.71%
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%
$1,555,120
$1.6M
Cap Rate 7%
$1,110,800
$1.1M
Cap Rate 9%
$863,956
$864.0K
Market Conditions
NOI Build-Up for 12,764 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
$121.0K $9.48/SF
− Vacancy
−$9.9K −$0.78/SF
EGI
$111.1K $8.70/SF
− OpEx
−$33.3K −$2.61/SF
NOI
$77.8K $6.09/SF
Area
DeKalb County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$1,555,120
Cap Rate 7%
$1,110,800
Cap Rate 9%
$863,956
Alternative Uses
Best Use
Healthcare Medical
$2.64M
$2.31M – $3.08M
NOI $185,065 @ 7.0% cap · market cap 11.22%
Second Best
Office B
$2.44M
$2.14M – $2.85M
NOI $170,924 @ 7.0% cap · market cap 10.36%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,762 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 30088, GA
27,945
Population
11,627
Households
2.4
Avg Household Size
37
Median Age
29%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,583
Density / Sq Mi
$64,734
Median Household Income
$38,607
Median Earnings
$1,438
Median Rent
$208,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout includes private offices, open workspace, reception, conference facilities, and drive-in access.
Where is this office building located?
The property is located at 4891 REDAN RD Stone Mountain, GA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 12,764 SF commercial building on 0.82 acres; C‑1 zoning at 4891 Redan Rd, Stone Mountain, GA; Four drive‑in bays with conversion potential
