Retail Storefront with General Commercial
979 Sheppard Rd Stone Mountain, GA 30083
For Sale
$1,050,000
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 Market32
Property Features for 979 Sheppard Rd
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 1.00 Acre
Listing Agency:
Swartz Co Residential Real Estate
(678) 758-1011
Listed By:
Connie Bridges · License #373999
(678) 758-1011
Source:
Exprealty
Added: Jun 23
Changed: Jul 23
Last Checked: Jul 23 at 9:50AM
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 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 | $57.6k | $23.04 |
| − Vacancy | −$4.0k | −$1.61 |
| EGI | $53.6k | $21.43 |
| − OpEx | −$13.4k | −$5.36 |
| NOI | $40.2k | $16.07 |
2,500 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lucky Food Mart
Grocery & Convenience Store
FAQs
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
