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    Property profile & analytics

    1153 Indian Crk Dr Stone Mountain, GA 30083

    • Grocery and convenience stores
    • 6,300 SF
    • 2.65 lot acres
    OFF-MARKET
    Value Estimations
    $1,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1532218
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1153 Indian Crk Dr

    Year built
    2005
    Lot size
    2.65 lot acres
    Property size
    6,300 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    15 221 08 017
    APU
    1522108017

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,685,000
      6.5%
      $1,560,000
      7%
      $1,445,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,185,000
      Current use
      RESTAURANT
      $1,705,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $1,595,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,360,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $1,185,000
      Change: -0% Conversion: Difficult
      OFFICE BUILDING
      $1,090,000
      Change: -8% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.2238
    Latitude
    33.7629
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $25,116
    $216,281
    $419,839
    $636,120
    -
    $540,702
    $1,049,598
    $1,590,300

    Comparable in this City

    • Value Estimation
      $1,825,000
      7,000 SF

      5960 Ponce De Leon Ave

      CONVENIENCE STORE • 7,000 SF
      5960 Ponce De Leon Ave, Stone Mountain, GA 30083-1602
      View Details
    • Value Estimation
      $515,000
      2,568 SF

      1452 Hairston Rd

      CONVENIENCE STORE • 2,568 SF
      1452 Hairston Rd, Stone Mountain, GA 30083-1900
      View Details
    • Value Estimation
      $2,680,000
      4,949 SF

      6007 Memorial Dr

      CONVENIENCE STORE • 4,949 SF
      6007 Memorial Dr, Stone Mountain, GA 30083-2870
      View Details
    • Value Estimation by Request
      1,106 SF

      4766 Redan Rd

      CONVENIENCE STORE • 1,106 SF
      4766 Redan Rd, Stone Mountain, GA 30083-5140
      View Details
    • Value Estimation
      $940,000
      4,704 SF

      5448 Ponce De Leon Ave

      CONVENIENCE STORE • 4,704 SF
      5448 Ponce De Leon Ave, Stone Mountain, GA 30083-1312
      View Details
    • Value Estimation by Request
      936 SF

      4837 Memorial Dr

      CONVENIENCE STORE • 936 SF
      4837 Memorial Dr, Stone Mountain, GA 30083-4175
      View Details

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      Auto Service Facility For Sale

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      29,346 SF

      Stone Mountain Retail Shopping Center

      29,346 SF retail shopping center in Stone Mountain, GA.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near I-285

      Former Walgreens location with high traffic and retail proximity.
      5320 Memorial Dr, Stone Mountain, GA 30083
      View Details
    • $15 SF/Yr
      1,720 SF

      Stone Mountain Retail Space

      Prime Downtown Location, 1720 sq ft
      929 Main St, Stone Mountain, GA 30083
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      11,086 SF

      Historic Granite Flex Space

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    • Contact for pricing

      Retail Space in Busy Center

      Retail vacancy in a high-traffic shopping center.
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      Flexible Office Suites For Rent

      Office suites available in accessible, highly visible Stone Mountain location.
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    • Contact for pricing

      Stone Mountain Industrial Space Available

      Industrial spaces available ranging from 9,600 to 19,200 SqFt.
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      View Details
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    Stone Mountain, GA 30083
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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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