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    1173 Hairston Rd Stone Mountain, GA 30088

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    1173 Hairston Rd Stone Mountain, GA 30088

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GOLD TEETH SPECIALIST / (Bike/Boat/Book/etc) Store
    • Best Nails / Nail Salon
    • Buffalo Web Work / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Hairston Square / Business Service Center / Corporate Office
    • Hair It Izz Barber Shop / Barber Shop

    Property Details for 1173 Hairston Rd

    Property type
    Retail properties & Spaces

    Description

    Hairston Plaza, located at 1173 S Hairston Rd, Stone Mountain, GA 30088, offers five available retail spaces ideal for various businesses. Situated in DeKalb County, this multiple-tenancy property provides flexible space options ranging from 1,050 square feet to 7,750 square feet. The property is categorized as retail, with a restaurant subtype, making it suitable for a variety of food service or complementary businesses. The precise configuration and layout of each available space can be provided upon request. Interested parties are encouraged to inquire about lease terms and conditions. The property's location in Stone Mountain offers convenient access to local amenities and a diverse customer base. The property is currently seeking tenants interested in grocery or beauty supply businesses, but other suitable retail concepts will be considered. Detailed floor plans and further information are available upon request. This prime retail location presents a unique opportunity for businesses seeking to establish or expand their presence in the thriving Stone Mountain market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.1977
    Latitude
    33.7611

    Comparable in this City

    • Value Estimation by Request
      53,311 SF

      1173 Hairston Rd

      Lifestyle centers • 53,311 SF
      1173 Hairston Rd, Stone Mountain, GA 30088
      View Details
    • Value Estimation
      $4,080,000
      35,332 SF

      4800 Redan Rd

      SHOPPING CENTER, STRIP CENTER • 35,332 SF
      4800 Redan Rd, Stone Mountain, GA 30088-2722
      View Details
    • Value Estimation
      $1,690,000
      11,570 SF

      5616 Redan Rd

      SHOPPING CENTER, STRIP CENTER • 11,570 SF
      5616 Redan Rd, Stone Mountain, GA 30088-3456
      View Details
    • Value Estimation
      $1,055,000
      8,820 SF

      4807 Redan Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,820 SF
      4807 Redan Rd, Stone Mountain, GA 30088-2705
      View Details
    • Value Estimation
      $605,000
      10,068 SF

      5444 Rockbridge Rd

      SHOPPING CENTER, STRIP CENTER • 10,068 SF
      5444 Rockbridge Rd, Stone Mountain, GA 30088-1428
      View Details
    • Value Estimation
      $550,000
      3,829 SF

      4806 Redan Rd

      FINANCIAL BUILDING • 3,829 SF
      4806 Redan Rd, Stone Mountain, GA 30088-2722
      View Details

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    Similar Nearby for Lease

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      4850 Redan Rd, Stone Mountain, GA 30088
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    • $11,800 /Mo
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      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic Stone Mountain location.
      4964 Redan Rd, Stone Mountain, GA 30088
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    • $11,800 /Mo
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      Stone Mountain Retail Space For Rent

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      4964 Redan Rd, Stone Mountain, GA 30088
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    • Contact for pricing

      Restaurant Outparcel Site For Rent

      0.792 acre outparcel site with existing restaurant building.
      1130 S Hairston Rd, Stone Mountain, GA 30088
      View Details
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    Stone Mountain, GA 30088
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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