Freestanding Retail
For Sale
Contact for pricing
6198 Memorial Drive, Stone Mountain, GA 30083
Standalone property configured for restaurant and bar use.
Property Size5,000 SF
Price / SF$240
Days on Market53
Property Features for 6198 Memorial Drive
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Listing Agency:
The Shumacher Group
Listed By:
Steven Josovitz · License #GA 164878
Source:
Crexi
Added: Aug 27
Changed: Oct 6
Last Checked: Oct 16 at 8:47AM
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 The Shumacher Group
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Investment Insights
Based on property information with market context.
This 5,000-square-foot retail property is configured as a freestanding restaurant and bar. The asset is located at 6198 Memorial Drive in Stone Mountain, Georgia 30083.
Key Highlights
- 5,000 square feet of retail space
- Freestanding restaurant and bar configuration
- Located at 6198 Memorial Drive, Stone Mountain, GA 30083
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,327
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,540
$1.4M
Cap Rate 7%
$1,004,671
$1.0M
Cap Rate 9%
$781,411
$781.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$109.8K $21.96/SF
− Vacancy
−$9.3K −$1.87/SF
EGI
$100.5K $20.09/SF
− OpEx
−$30.1K −$6.03/SF
NOI
$70.3K $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%
$1,406,540
Cap Rate 7%
$1,004,671
Cap Rate 9%
$781,411
Alternative Uses
Best Use
Retail
$1.00M
$879.1K – $1.17M
NOI $70,327 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,838 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
708
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
Frequently Asked Questions
What type of property is this?
Retail space - Standalone property configured for restaurant and bar use.
Where is this retail space located?
The property is located at 6198 Memorial Drive Stone Mountain, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,000 square feet of retail space; Freestanding restaurant and bar configuration; Located at 6198 Memorial Drive, Stone Mountain, GA 30083
