Retail Space with Loading
For Sale
$2,250,000
4964 Redan Road, Stone Mountain, GA 30088
Commercial Sale, Stone Mountain, GA
Property Size10,000 SF
Lot Size1.24 Acres
Price / SF$225
Days on Market227
Property Features for 4964 Redan Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
MU-4
Parking
57
Parking features
Parking Lot
Security features
Security
Window features
Insulated Windows
Interior features
Restrooms
Lot features
Level
Directions
GPS Friendly
Standard status
Active
APN
16 002 02 290
Size
10,000 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10078
Utilities
Utilities
Cable Available
Heating system
Forced Air, Central
Cooling system
Central Air
Amenities
floor-to-ceiling tinted windows
loading dock
kitchenette
three restrooms
ample parking
Building Details
Year built
1987
Floors in Building
1
Flooring type
Concrete
Building materials
Aluminum Siding, Brick 3 Sides
Listing Agency:
EXP Realty, LLC.
(888) 959-9461
Listed By:
Basil N Malouf · License #314415
(678) 898-7749
Added: Feb 2
Changed: Sep 12
Last Checked: Sep 17 at 12:06AM
MLS# 7712998
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 10,000-square-foot retail property occupies 1.24 acres and was built in 1987. The interior centers on a broad open sales area with a substantial rear room and loading dock. Floor-to-ceiling tinted windows on two sides bring natural light into the space, while a kitchenette provides a dedicated staff break area. Three restrooms, concrete flooring, central air, and forced-air heating support day-to-day operations. The building combines aluminum siding with brick on three sides and includes a parking lot.
Located in Stone Mountain, the property is positioned near a dense residential area within a busy district. MU-4 zoning and available cable service are also associated with the site.
Located in Stone Mountain, the property is positioned near a dense residential area within a busy district. MU-4 zoning and available cable service are also associated with the site.
Key Highlights
- 10,000 square feet of retail space on 1.24 acres
- Loading dock serving the spacious rear room
- Floor‑to‑ceiling tinted windows on two sides
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
$140,654
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
6.25%
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%
$2,813,080
$2.8M
Cap Rate 7%
$2,009,343
$2.0M
Cap Rate 9%
$1,562,822
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$219.6K $21.96/SF
− Vacancy
−$18.7K −$1.87/SF
EGI
$200.9K $20.09/SF
− OpEx
−$60.3K −$6.03/SF
NOI
$140.7K $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%
$2,813,080
Cap Rate 7%
$2,009,343
Cap Rate 9%
$1,562,822
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,654 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,677 @ 7.0% cap · market cap 8.70%
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
430
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
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 - Open retail layout with natural light, staff kitchenette, three restrooms, and on-site parking.
Where is this retail space located?
The property is located at 4964 Redan Road Stone Mountain, GA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10,000 square feet of retail space on 1.24 acres; Loading dock serving the spacious rear room; Floor‑to‑ceiling tinted windows on two sides
