Warehouse and Convenience Store
973 Sheppard Road Stone Mountain, GA 30083
973 Sheppard Road, Stone Mountain, GA, 30083
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For Sale
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Two adjacent parcels totaling about 1.50 acres with a 15-foot clear warehouse and a convenience store building.
Property Size5,700 SF
Lot Size1.50 Acres
Price / SF$184.21
Days on Market17
Property Features for 973 Sheppard Road
General Information
- Standard status
- Active
- Size
- 5,700 SF
- Lot size
- 1.50 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1969
Listing agency
Swartz Co Commercial Real Estate
(404) 876-4901
Listed by
Ryan Swartzberg · License #GA 367087
Source
Crexi
Added: Jul 6 Updated: Jul 22 at 9:26AM Checked: Jul 22 at 9:26AM
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 Swartz Co Commercial Real Estate
Investment Insights
Based on property information with market context.
An exclusive two-parcel commercial assemblage totaling approximately 1.50 acres with about 15,700 square feet of existing improvements. The property includes 973 Sheppard Road, improved with a ±3,200-square-foot warehouse on approximately 0.50 acres, offering approximately 15-foot clear height, two drive-through bay doors, a small office, and one restroom, along with a detached storage structure. 979 Sheppard Road comprises approximately 1.00 acre and is improved with a ±2,500-square-foot commercial building currently configured as a retail convenience store.
Both parcels are zoned General Commercial (GC) by the City of Stone Mountain, providing flexibility for a wide range of commercial uses by right, including professional and administrative offices, financial institutions, medical clinics, restaurants, food and beverage retailers, general retail, convenience stores, schools and educational facilities, religious institutions, animal sales and services, business equipment sales, commercial recreation, communication services, and consumer service businesses. The listing represents an opportunity for investors, owner-users, or developers seeking multiple paths to value within a GC-zoned assemblage.
Buyer should verify zoning and all details. Square footage and acreage are approximate.
Both parcels are zoned General Commercial (GC) by the City of Stone Mountain, providing flexibility for a wide range of commercial uses by right, including professional and administrative offices, financial institutions, medical clinics, restaurants, food and beverage retailers, general retail, convenience stores, schools and educational facilities, religious institutions, animal sales and services, business equipment sales, commercial recreation, communication services, and consumer service businesses. The listing represents an opportunity for investors, owner-users, or developers seeking multiple paths to value within a GC-zoned assemblage.
Buyer should verify zoning and all details. Square footage and acreage are approximate.
Key Highlights
- Two adjacent commercial parcels at 973 & 979 Sheppard Road totaling approx. 1.50 acres with approx. 15,700 SF of improvements.
- 973 Sheppard Road: approx. 3,200 SF warehouse on approx. 0.50 acres with approx. 15‑foot clear height and two drive‑through bay doors.
- Warehouse includes a small office and one restroom, plus a detached storage structure for added functional space.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.3k | $23.04 |
| − Vacancy | −$9.2k | −$1.61 |
| EGI | $122.1k | $21.43 |
| − OpEx | −$30.5k | −$5.36 |
| NOI | $91.6k | $16.07 |
5,700 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,601 @ 7.0% cap · market cap 8.72%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,173 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,536 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
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FAQs
What type of property is this?
Warehouse - Two adjacent parcels totaling about 1.50 acres with a 15-foot clear warehouse and a convenience store building.
Where is this warehouse located?
The property is located at 973 Sheppard Road Stone Mountain, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two adjacent commercial parcels at 973 & 979 Sheppard Road totaling approx. 1.50 acres with approx. 15,700 SF of improvements.; 973 Sheppard Road: approx. 3,200 SF warehouse on approx. 0.50 acres with approx. 15‑foot clear height and two drive‑through bay doors.; Warehouse includes a small office and one restroom, plus a detached storage structure for added functional space.
