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Property profile & analytics
OFF-MARKET
Estimated value
$13,895,000
Grocery and convenience stores
1227 Rockbridge Rd, Stone Mountain, GA 30087-3064
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0063394
Property summary
AI-generated overview
Rockbridge Village, located at 1227 Rockbridge Rd SW in Stone Mountain, Georgia 30087, offers prime retail space for lease. This Gwinnett County property boasts a total of 102,445 square feet, encompassing five individual suites. Currently, 7,267 square feet are vacant and available for immediate occupancy. The property is ideal for a variety of retail businesses, with spaces ranging from a minimum of 1,350 square feet to a maximum contiguous space of 1,653 square feet. This multi-tenant retail center provides excellent visibility and accessibility, making it an attractive location for businesses seeking high foot traffic. The property's strategic location in Stone Mountain offers easy access to major transportation routes and a thriving local community. This is a fantastic opportunity to establish or expand your retail presence in a desirable and well-established commercial area. Inquire today to learn more about leasing opportunities and secure your space in this vibrant retail center. The property is classified as Commercial Retail.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2005
Total area
75,672 SF
Lot
8.89 ac (387,248 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-078 -047
UPID
US22-0063394
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
-
Dillard Electrical Inc Electrical Service General Contractor
-
Murray's Cheese Bakery Specialty Food Shop
-
CoachmanTileAtl General Contractor Renovation Specialist
-
Undercare Production Facility
-
Authenticate Staff (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.53M
Comparable Approach
Comparable
$12.11M
Blend (final)
Blend
$13.90M
Owner & transaction history
Sci Rockbridge Fund 1 LLC · 18 yrs held
Sci Rockbridge Fund 1 LLC
since 2007
6 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.5M
+0.2%
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%
$14,650,000
6.5%
$13,525,000
7%
$12,560,000
Alternative Use
Use
Estimation
RETAIL STORES
$20,440,000
Current use
RESTAURANT
$20,490,000
Change: +0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$19,940,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$18,470,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$13.90M
Range $12.51M – $15.28M · ±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
$184 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$182,991
Tax year 2023
Assessed value
$4,942,800
Assessed 2023
Previous assessed
$4,942,800
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$1,600,000
Assessed improvement
$3,342,800
Land market value
$4,000,000
Improvement market value
$8,357,000
Total market value
$12,357,000
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2005
Heating
YES
Cooling
NONE
Buildings
5
Stories
1
Total area
75,672 SF
Lot
8.89 ac (387,248 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-078 -047
UPID
US22-0063394
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Stone Mountain, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$20.4M
RESTAURANT
Est. value
$20.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.9M
OFFICE BUILDING
Est. value
$18.5M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
8.89 ac
Current owner
From public records · entity-resolved
Sci Rockbridge Fund 1 LLC
Entity
Free & Clear · 18 yrs held
Mailing address
3284 NORTHSIDE PKWY NW STE #150, ATLANTA, GA 30327-2282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2007
$18,699,280
Sci Rockbridge Fund 1 LLC
Sci Rockbridge Fund LLC
Grant Deed
related
—
Jul 23, 2007
—
Wb Rockbridge LLC
Wachovia Bank NA
Quit Claim Deed
related
—
Jul 12, 2007
$17,696,000
Sci Rockbridge Fund LLC
Wb Rockbridge LLC
Grant Deed
related
$11,500,000 · Wachovia Bank NA
Jul 10, 2007
$17,696,000
Sci Rockbridge Fund LLC
Wb Rockbridge LLC
Grant Deed
related
$11,500,000 · Wachovia Bank NA
Feb 25, 2004
—
Wb Rockbridge LLC
Garmon,richard & Richard K
Quit Claim Deed
related
$11,365,000 · Southtrust Bank NA
Feb 25, 2004
$3,360,000
Wb Rockbridge LLC
Rockbridge Sq Ltd
Grant Deed
related
—
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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