Brick Office Building With Adjacent
For Sale
$525,000
945 S Hairston Rd, Stone Mountain, GA 30083
Two adjacent properties on a major corridor, including a four-sided brick office building and an additional parcel for redevelopment.
Property Size1,646 SF
Price / SF$318.96
Days on Market117
Property Features for 945 S Hairston Rd
General Information
Standard status
Active
Size
1,646 SF
Zoning
O/I
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,345
Listing Agency:
Method Real Estate Advisors
(404) 476-8171
Listed By:
Miya Lewis
(470) 753-9065
Source:
Exprealty
Added: May 12
Changed: Aug 20
Last Checked: Sep 5 at 10:50AM
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
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 = 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
$22,042
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
4.20%
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%
$440,840
$440.8K
Cap Rate 7%
$314,886
$314.9K
Cap Rate 9%
$244,911
$244.9K
Market Conditions
NOI Build-Up for 1,646 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
$39.3K $23.87/SF
− Vacancy
−$9.9K −$6.02/SF
EGI
$29.4K $17.85/SF
− OpEx
−$7.3K −$4.46/SF
NOI
$22.0K $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 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%
$440,840
Cap Rate 7%
$314,886
Cap Rate 9%
$244,911
Alternative Uses
Best Use
Office B
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.1K
$402.6K – $536.8K
NOI $32,208 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
301
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
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 - 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 $525,000.
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)
