Brick Office Building With Adjacent
For Sale
$325,000
945 S Hairston Rd, Stone Mountain, GA 30088
Two adjacent properties on a major corridor, including a four-sided brick office building and an additional parcel for redevelopment.
Property Size1,008 SF
Price / SF$322.42
Days on Market116
Property Features for 945 S Hairston Rd
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Commercial
Zoning
O/I
Additional Details
Highway Access
Yes
Building Details
Year Built
1948
Listing Agency:
Method Real Estate Advisors
Listed By:
Miya Lewis · License #425346
(470) 753-9065
Source:
Middlegeorgiahomeguide
Added: Jun 30
Changed: Oct 11
Last Checked: Oct 23 at 7:25AM
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 Method Real Estate Advisors
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Investment Insights
Based on property information with market context.
This offering includes two adjacent commercial properties: 945 S Hairston Road and 959 S Hairston Road. 945 features an existing four-sided brick office building with approximately 184 feet of frontage next to Hairston Park. The property is currently zoned O/I and is described as supporting a range of professional and office-oriented uses, with redevelopment concepts potentially possible subject to zoning and county approval. Properties are sold as-is.
The assemblage is positioned along the S Hairston Road corridor and is presented for strong visibility and road frontage. 959 consists of an additional 0.86-acre parcel positioned near Stone Mountain Park with convenient access to I-285 and US-278, and it is surrounded by established businesses and ongoing development, including a new church under construction across the street.
Together, the combined parcels provide expanded frontage and an assemblage configuration intended to offer flexibility for future office, retail, medical, restaurant, mixed-use, multifamily, or service-based concepts, subject to DeKalb County zoning and permitted use approval. Buyer should independently verify zoning, land use, and permitted uses with DeKalb County.
The assemblage is positioned along the S Hairston Road corridor and is presented for strong visibility and road frontage. 959 consists of an additional 0.86-acre parcel positioned near Stone Mountain Park with convenient access to I-285 and US-278, and it is surrounded by established businesses and ongoing development, including a new church under construction across the street.
Together, the combined parcels provide expanded frontage and an assemblage configuration intended to offer flexibility for future office, retail, medical, restaurant, mixed-use, multifamily, or service-based concepts, subject to DeKalb County zoning and permitted use approval. Buyer should independently verify zoning, land use, and permitted uses with DeKalb County.
Key Highlights
- Two adjacent commercial properties on S Hairston Road in Stone Mountain: 945 and 959 S Hairston Road
- 945 S Hairston Rd includes an existing four‑sided brick office building with approximately 184 ft of road frontage next to Hairston Park
- 945 S Hairston Rd is currently zoned O/I and may support professional, medical, educational, financial, and office uses (subject to verification)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,498
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,960
$270.0K
Cap Rate 7%
$192,829
$192.8K
Cap Rate 9%
$149,978
$150.0K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$24.1K $23.87/SF
− Vacancy
−$6.1K −$6.02/SF
EGI
$18.0K $17.85/SF
− OpEx
−$4.5K −$4.46/SF
NOI
$13.5K $13.39/SF
Area
DeKalb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,960
Cap Rate 7%
$192,829
Cap Rate 9%
$149,978
Alternative Uses
Best Use
Office B
$192.8K
$168.7K – $225.0K
NOI $13,498 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
301
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two adjacent properties on a major corridor, including a four-sided brick office building and an additional parcel for redevelopment.
Where is this office building located?
The property is located at 945 S Hairston Rd Stone Mountain, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two adjacent commercial properties on S Hairston Road in Stone Mountain: 945 and 959 S Hairston Road; 945 S Hairston Rd includes an existing four‑sided brick office building with approximately 184 ft of road frontage next to Hairston Park; 945 S Hairston Rd is currently zoned O/I and may support professional, medical, educational, financial, and office uses (subject to verification)
