Commercial Land with Existing
For Sale
$190,000
959 S Hairston Road, Stone Mountain, GA 30088
The parcel carries C/X zoning and includes an existing structure sold as-is.
Property Size1,008 SF
Price / SF$188.49
Days on Market141
Property Features for 959 S Hairston Road
General Information
Standard status
Active
Size
1,008 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,353
Amenities
Central Air
3
Paved Driveway.
37461.6015625
Building Details
Year Built
1948
Listing Agency:
Managed Realty
(470) 301-0892
Listed By:
Jamelia Jones
(470) 301-0892
Source:
Xome
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 31 at 2:18PM
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 Managed Realty
Investment Insights
Based on property information with market context.
This 0.86-acre commercial parcel includes an existing structure offered in its current as-is condition. The property was built in 1948 and includes central air, along with a paved driveway. C/X zoning provides a commercial land-use designation, while any mixed-use or residential development remains subject to county approval.
Located at 959 S Hairston Road in Stone Mountain, the site is near I-285 and US-278. The property combines an established commercial location with an existing improvement and nearly an acre of land for a future renovation, redevelopment, or new construction plan.
Located at 959 S Hairston Road in Stone Mountain, the site is near I-285 and US-278. The property combines an established commercial location with an existing improvement and nearly an acre of land for a future renovation, redevelopment, or new construction plan.
Key Highlights
- 0.86‑acre commercial parcel
- C/X zoning
- Existing structure sold as‑is
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
$14,178
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
7.46%
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%
$283,560
$283.6K
Cap Rate 7%
$202,543
$202.5K
Cap Rate 9%
$157,533
$157.5K
Market Conditions
NOI Build-Up for 1,008 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
$22.1K $21.96/SF
− Vacancy
−$1.9K −$1.87/SF
EGI
$20.3K $20.09/SF
− OpEx
−$6.1K −$6.03/SF
NOI
$14.2K $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%
$283,560
Cap Rate 7%
$202,543
Cap Rate 9%
$157,533
Alternative Uses
Best Use
Retail
$202.5K
$177.2K – $236.3K
NOI $14,178 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel carries C/X zoning and includes an existing structure sold as-is.
Where is this commercial land located?
The property is located at 959 S Hairston Road Stone Mountain, GA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 0.86‑acre commercial parcel; C/X zoning; Existing structure sold as‑is
