Retail Storefront with General Commercial
For Sale
$1,050,000
979 Sheppard Rd, Stone Mountain, GA 30083
GC-zoned retail building previously used as a convenience store, with optional combined acquisition of an adjacent parcel.
Property Size2,500 SF
Lot Size1.00 Acre
Price / SF$420
Days on Market77
Property Features for 979 Sheppard Rd
General Information
Standard status
Active
Size
2,500 SF
Lot size
1.00 Acre
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,242
Listing Agency:
Swartz Co Residential Real Estate
(678) 973-2776
Listed By:
Connie Bridges · License #373999
(678) 758-1011
Source:
Exprealty
Added: Jun 23
Changed: Aug 20
Last Checked: Sep 6 at 3:54PM
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 Residential Real Estate
Investment Insights
Based on property information with market context.
979 Sheppard Road presents a two-parcel commercial assemblage opportunity with immediate occupancy potential or flexibility for repositioning. The 1-acre, General Commercial (GC) zoned parcel is improved by a 2,500 SF commercial building most recently operated as a retail convenience store.
The adjacent parcel at 973 Sheppard Road is listed separately, with combined acquisition available to create a larger assemblage. Zoning has been confirmed as General Commercial (GC) by the City of Stone Mountain, with a broad by-right mix that includes professional and administrative offices, financial institutions, medical clinics, restaurants, food and beverage retailers, general retail, convenience stores, business and vocational schools, private educational facilities, religious institutions, animal sales and services, business equipment sales, commercial recreation, communication services, and consumer service businesses. Convenient access is noted to Memorial Drive and U.S. Highway 78. Square footage and acreage are approximate, and zoning is subject to buyer verification.
The adjacent parcel at 973 Sheppard Road is listed separately, with combined acquisition available to create a larger assemblage. Zoning has been confirmed as General Commercial (GC) by the City of Stone Mountain, with a broad by-right mix that includes professional and administrative offices, financial institutions, medical clinics, restaurants, food and beverage retailers, general retail, convenience stores, business and vocational schools, private educational facilities, religious institutions, animal sales and services, business equipment sales, commercial recreation, communication services, and consumer service businesses. Convenient access is noted to Memorial Drive and U.S. Highway 78. Square footage and acreage are approximate, and zoning is subject to buyer verification.
Key Highlights
- 979 Sheppard Road: ±1.00‑acre General Commercial (GC) parcel with a ±2,500 SF commercial building previously used as a convenience store
- GC zoning confirmed by the City of Stone Mountain, with by‑right uses including professional offices, financial institutions, medical clinics, restaurants, retail, and convenience stores
- Adjacent 973 Sheppard Road parcel is listed separately; combined acquisition available for a total ±1.5 acres and ±5,700 SF assemblage
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
$40,176
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
3.83%
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%
$803,520
$803.5K
Cap Rate 7%
$573,943
$573.9K
Cap Rate 9%
$446,400
$446.4K
Market Conditions
NOI Build-Up for 2,500 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
$57.6K $23.04/SF
− Vacancy
−$4.0K −$1.61/SF
EGI
$53.6K $21.43/SF
− OpEx
−$13.4K −$5.36/SF
NOI
$40.2K $16.07/SF
Area
DeKalb County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$803,520
Cap Rate 7%
$573,943
Cap Rate 9%
$446,400
Alternative Uses
Best Use
Specialty Retail
$573.9K
$502.2K – $669.6K
NOI $40,176 @ 7.0% cap · market cap 3.83%
Second Best
Retail
$502.3K
$439.5K – $586.1K
NOI $35,163 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$698.8K
$611.5K – $815.3K
NOI $48,919 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Under-served
Demand for This Use
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 Retail 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?
Grocery and convenience store - GC-zoned retail building previously used as a convenience store, with optional combined acquisition of an adjacent parcel.
Where is this grocery and convenience store located?
The property is located at 979 Sheppard Rd 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: 979 Sheppard Road: ±1.00‑acre General Commercial (GC) parcel with a ±2,500 SF commercial building previously used as a convenience store; GC zoning confirmed by the City of Stone Mountain, with by‑right uses including professional offices, financial institutions, medical clinics, restaurants, retail, and convenience stores; Adjacent 973 Sheppard Road parcel is listed separately; combined acquisition available for a total ±1.5 acres and ±5,700 SF assemblage
