Restaurant Opportunity on Stone
For Sale
$1,050,000
4111 , Lilburn, GA 30047
Commercial property on Stone Mountain Highway, currently operating as a restaurant.
Property Size1,992 SF
Price / SF$381.54
Days on Market186
Property Features for 4111
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Commercial
Amenities
0.7 acres, Level
Public Sewer
Parcel Number: R6054 284, Annual Amount: $14,532, Year: 2025
Tile
Central Air
Central
Listing ID: 10807676, Standard Status: Active, MLS Status: Active, On market as of 2026-07-17, 14 days on market
30 total parking spaces, Parking Lot
Built in 1992, Construction Materials: Brick
County/Parish: Gwinnett
Resale
Electricity Available, Natural Gas Available, Phone Available, Water Available, Sewer Available, Water Source: Public, 220 Volts
Close Of Escrow
Accessible Doors, Accessible Entrance
Building Details
Building Size
1,992 SF
Year Built
1992
Listing Agency:
Serhant Georgia
(404) 913-0007
Listed By:
Tuy Luong · License #361064
(678) 707-2498
Source:
Blackstreaminternational
Added: Apr 2
Changed: Oct 3
Last Checked: Oct 2 at 11:08PM
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 Serhant Georgia
Investment Insights
Based on property information with market context.
This commercial property is located along the Stone Mountain Highway corridor. Currently operating as a restaurant, the site is equipped for food service. The property features a 2,500-gallon grease trap, supporting high-capacity restaurant operations. It is surrounded by residential neighborhoods and commercial businesses, and benefits from daily traffic and local demand. Its location provides access to major thoroughfares, connecting to Gwinnett County hubs and the Metro Atlanta area. The property offers flexibility, visibility, and long-term growth potential in Lilburn’s corridor. The property size is 2,752 square feet.
Key Highlights
- High‑traffic location on Stone Mountain Highway
- Equipped for food service with a 2,500‑gallon grease trap
- Turnkey or value‑add opportunity** in a proven retail location
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
$44,226
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
4.21%
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%
$884,520
$884.5K
Cap Rate 7%
$631,800
$631.8K
Cap Rate 9%
$491,400
$491.4K
Market Conditions
NOI Build-Up for 2,752 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
$63.4K $23.04/SF
− Vacancy
−$4.4K −$1.61/SF
EGI
$59.0K $21.43/SF
− OpEx
−$14.7K −$5.36/SF
NOI
$44.2K $16.07/SF
Area
Gwinnett 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%
$884,520
Cap Rate 7%
$631,800
Cap Rate 9%
$491,400
Alternative Uses
Best Use
Specialty Retail
$631.8K
$552.8K – $737.1K
NOI $44,226 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.3K
$673.1K – $897.5K
NOI $53,850 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30047, GA
69,172
Population
22,691
Households
3
Avg Household Size
38
Median Age
39%
College-Educated
82%
High-School Grad
27.4 sq mi
ZIP Area
2,525
Density / Sq Mi
$85,909
Median Household Income
$41,760
Median Earnings
$1,681
Median Rent
$325,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial property on Stone Mountain Highway, currently operating as a restaurant.
Where is this conventional restaurant located?
The property is located at 4111 Lilburn, 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: High‑traffic location on Stone Mountain Highway; Equipped for food service with a **2,500‑gallon grease trap**; Turnkey or value‑add opportunity** in a proven retail location
