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    1230 Hairston Rd Stone Mountain, GA 30088-2761
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    Property profile & analytics

    1230 Hairston Rd, Stone Mountain, GA 30088-2761

    View on Map
    • Community centers
    • 62,356 SF
    • 11.67 lot acres
    Off-Market
    Last Sale Dec 15, 2021
    $12,700,000
    Property ID
    US22-0559281
    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.
    Value Estimations
    $13,210,000
    Show details
    Cap Rate Potential
    6.7%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Rice China / Restaurant
    • Tender Loving Caring Pets Corporation / (Bike/Boat/Book/etc) Store / Pet Store
    • Stoneview Injury & Wellness Clinic / Alternative Medicine Practice
    • Kariah Hair Salon / Hair Salon

    Property Details for 1230 Hairston Rd

    Year built
    1986
    Lot size
    11.67 lot acres
    Zone code
    X
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    15 224 04 001
    APU
    1522404001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2021 $12,700,000 Crowes Crossing LLC Rcc Crowes Crossing LLC Limited Warranty Deed $8.8M · Provident Bank
    Feb 4, 2014 $9,300,000 Rcc Crowes Crossing LLC Lvp Crowes Crossing LLC Grant Deed $6M · American Equity Inv Life Ins
    Oct 24, 2011 $1,500,000 Lvp Crowes Crossing LLC Ipf Of Crowe LP Grant Deed —
    Oct 24, 2011 — Lvp Crowes Crossing LLC Ipf Of Crowe LP Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,990,000
      ML approach
      $10,235,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,700,000
      6.5%
      $15,415,000
      7%
      $14,315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,952,000
      Market price range: $4.54M - $19.0M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $11,745,000
      Current use
      RESTAURANT
      $16,885,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $15,775,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $13,435,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $11,715,000
      Change: -0% Conversion: Difficult
      OFFICE BUILDING
      $10,800,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1953
    Latitude
    33.7597
    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
    $227,938
    $683,200
    $4,196,800
    $4,880,000
    -
    $1,708,000
    $10,492,000
    $12,200,000

    Comparable in this City

    • Value Estimation by Request
      53,311 SF

      1173 Hairston Rd

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

      4800 Redan Rd

      SHOPPING CENTER, STRIP CENTER
      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
      5616 Redan Rd, Stone Mountain, GA 30088-3456
      View Details
    • Value Estimation
      $605,000
      10,068 SF

      5444 Rockbridge Rd

      SHOPPING CENTER, STRIP CENTER
      5444 Rockbridge Rd, Stone Mountain, GA 30088-1428
      View Details
    • Value Estimation
      $615,000
      5,709 SF

      645 Stone Mtn Lithonia Rd

      SHOPPING CENTER, STRIP CENTER
      645 Stone Mtn Lithonia Rd, Stone Mountain, GA 30088-1805
      View Details
    • Value Estimation
      $1,055,000
      8,820 SF

      4807 Redan Rd

      RETAIL STORES (PERSONAL SERVICES)
      4807 Redan Rd, Stone Mountain, GA 30088-2705
      View Details

    Similar Nearby for Sale

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      1.93 Acres

      Stone Mountain Commercial Properties Assemblage

      Two adjacent properties with redevelopment potential in a high-traffic corridor.
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    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Rd, Stone Mountain, GA 30088
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    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • Contact for pricing
      5,140 SF

      Stone Mountain Church Property Opportunity

      Versatile church property with development potential on 5.25 acres.
      1093 Panola Rd, Stone Mountain, GA 30088
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    • $200,000
      2.80 Acres

      Cleared Land in Stone Mountain

      2.8-acre cleared lot ready for development in Stone Mountain.
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    Similar Nearby for Lease

    • $11,800 /Mo
      54,014 SF

      Stone Mountain Retail Space For Rent

      Retail space with loading dock, kitchenette, and ample parking.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • Contact for pricing
      2,500 SF

      New Retail Space Available

      New construction retail space, co-tenanted with Dunkin'.
      4850 Redan Rd, Stone Mountain, GA 30088
      View Details
    • $11,800 /Mo
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic Stone Mountain location.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • 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 30088-2761
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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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