Commercial Land with Existing
New
For Sale
$350,000
959 S Hairston Road, Stone Mountain, GA 30088
Commercial Sale, Stone Mountain, GA
Property Size1,008 SF
Lot Size0.86 Acres
Price / SF$347.22
Days on Market2
Property Features for 959 S Hairston Road
General Information
Property type
Residential
Property subtype
Office
Zoning
Offic
Parking
20
Parking features
Parking Lot
Security features
Security
Window features
Insulated Windows
Interior features
Living Space Available, Reception Area, Restrooms
Fencing
Gate
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
Please use GPS for directions.
Standard status
Active
Size
1,008 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3162
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Forced Air
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Flooring type
Hardwood
Building materials
Brick, Brick 3 Sides
Listing Agency:
Method Real Estate Advisors
(404) 476-8171
Listed By:
Miya Lewis
(470) 753-9065
Added: Sep 2
Last Checked: Sep 3 at 2:06AM
MLS# 7831766
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering includes a 0.86-acre parcel and an existing 1,008-square-foot building at 959 S Hairston Road in Stone Mountain. The structure, built in 1948, features living space, a reception area, restrooms, hardwood flooring, central heating and cooling, a parking lot, and an accessible ramp approach. Brick construction, gated fencing, public water, and public sewer are also in place.
The property sits along the S Hairston Road corridor near Stone Mountain Park, with access to I-285 and US-278. Established businesses surround the site, and a new church is under construction across the street. The property is offered as-is, and zoning, land use, and permitted uses should be independently verified with DeKalb County.
The property sits along the S Hairston Road corridor near Stone Mountain Park, with access to I-285 and US-278. Established businesses surround the site, and a new church is under construction across the street. The property is offered as-is, and zoning, land use, and permitted uses should be independently verified with DeKalb County.
Key Highlights
- 0.86‑acre commercial land parcel in Stone Mountain
- Existing 1,008‑square‑foot building built in 1948
- Located on S Hairston Road near Stone Mountain Park
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
$13,498
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
3.86%
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%
$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
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
$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 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%
$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 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 5.64%
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner-corridor commercial parcel with an existing structure, public water and sewer, parking, and access to major regional routes.
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 $350,000.
What are key features of this property?
This property features: 0.86‑acre commercial land parcel in Stone Mountain; Existing 1,008‑square‑foot building built in 1948; Located on S Hairston Road near Stone Mountain Park
