Corner Mixed-Use
For Sale
$575,000
970 Main Street, Stone Mountain, GA 30083
Main-level retail space is paired with an upstairs two-bedroom, one-bath apartment.
Property Size1,776 SF
Days on Market60
Property Features for 970 Main Street
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Mixed Use
Zoning
Village Center Mixed-Use
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$8,750
Building Details
Building Size
1,776 SF
Year Built
2019
Year Renovated
2017
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Shante Lewis
Source:
Beacham
Added: Jun 22
Changed: Aug 14
Last Checked: Aug 20 at 11:10AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This corner mixed-use building combines a flex retail area on the main level with a two-bedroom, one-bath apartment above. The configuration supports retail and residential functions within the same property and is zoned Village Center Mixed-Use.
The building occupies the intersection of Main Street and E. Mountain Street in Stone Mountain Village. Highway 78 is one minute away, while Stone Mountain Park is four blocks from the property. The site is also next to the planned Lawn on Main mixed-use greenspace and amphitheater park.
The building occupies the intersection of Main Street and E. Mountain Street in Stone Mountain Village. Highway 78 is one minute away, while Stone Mountain Park is four blocks from the property. The site is also next to the planned Lawn on Main mixed-use greenspace and amphitheater park.
Key Highlights
- Main‑level flex retail area with an upstairs 2bed/1bath apartment
- Village Center Mixed‑Use zoning
- Corner position at Main Street and E. Mountain Street
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
$24,980
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
4.34%
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%
$499,600
$499.6K
Cap Rate 7%
$356,857
$356.9K
Cap Rate 9%
$277,556
$277.6K
Market Conditions
NOI Build-Up for 1,776 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
$39.0K $21.96/SF
− Vacancy
−$3.3K −$1.87/SF
EGI
$35.7K $20.09/SF
− OpEx
−$10.7K −$6.03/SF
NOI
$25.0K $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%
$499,600
Cap Rate 7%
$356,857
Cap Rate 9%
$277,556
Alternative Uses
Best Use
Retail
$356.9K
$312.3K – $416.3K
NOI $24,980 @ 7.0% cap · market cap 4.34%
Second Best
Office B
$339.8K
$297.3K – $396.4K
NOI $23,783 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$496.5K
$434.4K – $579.2K
NOI $34,752 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
856
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?
Mixed-use property - Main-level retail space is paired with an upstairs two-bedroom, one-bath apartment.
Where is this mixed-use property located?
The property is located at 970 Main Street Stone Mountain, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Main‑level flex retail area with an upstairs 2bed/1bath apartment; Village Center Mixed‑Use zoning; Corner position at Main Street and E. Mountain Street
