Corner Mixed-Use
For Sale
$575,000
970 Main Street, Stone Mountain, GA 30083
COMMERCIAL - Stone Mountain, GA
Property Size2,800 SF
Lot Size0.01 Acres
Price / SF$205.36
Days on Market51
Property Features for 970 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Parking features
Parking Lot
Lot features
Corner Lot, Level
Directions
located at intersection of Main St. and E Mountain St. in Historic Stone Mountain Village.
Standard status
Active
APN
18 089 02 007
Size
2,800 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8750
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Flooring type
Concrete
Building materials
Brick
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Shante Lewis
(678) 464-0149
Added: Jun 22
Changed: Aug 6
Last Checked: Aug 11 at 9:06PM
MLS# 10793980
Copyright © 2026 Georgia Multiple Listing Service. 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 2,800-square-foot mixed-use building features a flexible retail area on the main level and a two-bedroom, one-bath apartment above. The corner property was rebuilt from the studs while retaining its early-1900s design, with brick construction, concrete flooring, central heating, central air, a parking lot, public water, and public sewer. Cable is available.
The property is located at Main Street and E. Mountain Street in Stone Mountain Village, near the intersection identified as the city’s most heavily traveled. Highway 78 is approximately one minute away, Stone Mountain Park is four blocks away, and the site is next to the planned Lawn on Main mixed-use greenspace and amphitheater park. The Village Center Mixed-Use designation supports the property’s combined commercial and residential format.
The property is located at Main Street and E. Mountain Street in Stone Mountain Village, near the intersection identified as the city’s most heavily traveled. Highway 78 is approximately one minute away, Stone Mountain Park is four blocks away, and the site is next to the planned Lawn on Main mixed-use greenspace and amphitheater park. The Village Center Mixed-Use designation supports the property’s combined commercial and residential format.
Key Highlights
- 2,800 SF mixed‑use building with retail and residential components
- Two‑bedroom, one‑bath apartment above the main‑level retail area
- Village Center Mixed‑Use zoning designation
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
$39,383
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
6.85%
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%
$787,660
$787.7K
Cap Rate 7%
$562,614
$562.6K
Cap Rate 9%
$437,589
$437.6K
Market Conditions
NOI Build-Up for 2,800 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
$61.5K $21.96/SF
− Vacancy
−$5.2K −$1.87/SF
EGI
$56.3K $20.09/SF
− OpEx
−$16.9K −$6.03/SF
NOI
$39.4K $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%
$787,660
Cap Rate 7%
$562,614
Cap Rate 9%
$437,589
Alternative Uses
Best Use
Retail
$562.6K
$492.3K – $656.4K
NOI $39,383 @ 7.0% cap · market cap 6.85%
Second Best
Office B
$535.6K
$468.7K – $624.9K
NOI $37,495 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible property combines ground-floor retail with an upstairs residential component in a Village Center Mixed-Use district.
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: 2,800 SF mixed‑use building with retail and residential components; Two‑bedroom, one‑bath apartment above the main‑level retail area; Village Center Mixed‑Use zoning designation
