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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Strip malls
1054 Main St Stone Mountain, GA 30083-2975
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-4607670
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
WOOD FRAME
Total area
12,600 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C2
APN
18 089 01 006
UPID
US22-4607670
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Georgia Stars Academy of Dance & More Training Center
-
WNB Factory - Wings & Burger Restaurant
-
Sparkle Cleaners & Laundry (Bike/Boat/Book/etc) Store
-
Yoyo Braids And Salon Hair Salon
-
Shalom Hair braiding and boutique Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$385k
Owner & transaction history
Economy Properties LLC · 13 yrs held
Economy Properties LLC
since 2012
5 recorded transactions
Zoning & alternative use
C2 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,375,000
Current use
MEDICAL BUILDING
$2,365,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,185,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$385k
Range $347k – $424k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$31 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,610
Tax year 2024
Assessed value
$519,120
Assessed 2024
Previous assessed
$519,120
+0.0% YoY
Effective rate
5.32%
On assessed value
Assessed land
$140,162
Assessed improvement
$378,958
Land market value
$350,406
Improvement market value
$947,394
Total market value
$1,297,800
Applied tax rate
84.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
12,600 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C2
APN
18 089 01 006
UPID
US22-4607670
Jurisdiction
DE KALB
Zoning & alternative use
C2 · Stone Mountain, GAZoning C2 · permitted uses
C2 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Economy Properties LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1833 E SMOKERISE SMT, STONE MOUNTAIN, GA 30087-2325
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2017
—
Economy Properties LLC
—
Deed
related
$100,000 · Private Individual
Sep 28, 2012
$495,000
Economy Properties LLC
Bayview Ln Svcg LLC
Grant Deed
—
Sep 28, 2012
—
Bayview Ln Svcg LLC
Ib Property Holdings LLC
Quit Claim Deed
related
$225,000 · Fidelity Bank NA
Feb 9, 2006
—
John W Boyer
Boyer,elaine C
Quit Claim Deed
related
—
—
—
Economy Properties LLC
—
Deed Of Trust
related
$100,000 · Private Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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