Commercial Land with Existing
For Sale
$525,000
959 S Hairston Rd, Stone Mountain, GA 30088
The parcel carries C/X zoning and includes an existing structure sold as-is.
Property Size1,646 SF
Price / SF$318.96
Days on Market176
Property Features for 959 S Hairston Rd
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Commercial
Building Details
Year Built
1949
Listing Agency:
Method Real Estate Advisors
Listed By:
Miya Lewis · License #425346
(470) 753-9065
Source:
Middlegeorgiahomeguide
Added: Apr 24
Changed: Oct 1
Last Checked: Oct 14 at 11:46PM
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 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 / Yr
$23,152
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,040
$463.0K
Cap Rate 7%
$330,743
$330.7K
Cap Rate 9%
$257,244
$257.2K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$36.1K $21.96/SF
− Vacancy
−$3.1K −$1.87/SF
EGI
$33.1K $20.09/SF
− OpEx
−$9.9K −$6.03/SF
NOI
$23.2K $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 Rate 5%
$463,040
Cap Rate 7%
$330,743
Cap Rate 9%
$257,244
Alternative Uses
Best Use
Retail
$330.7K
$289.4K – $385.9K
NOI $23,152 @ 7.0% cap · market cap 4.41%
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.
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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
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Market
Vacancy Rate% for Retail in South region
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 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: 0.86‑acre commercial parcel; C/X zoning; Existing structure sold as‑is
