1247 Hairston Rd Stone Mountain, GA 30083-5809
Property profile & analytics
1247 Hairston Rd, Stone Mountain, GA 30083-5809
- Auto shops
- 4,738 SF
- 0.74 lot acres
Property ID
US22-4226334
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.
Location Intelligence
Current Use by Public Records
- Jiffy Lube / Auto Repair Shop
Property Details for 1247 Hairston Rd
- Year built
- 1986
- Construction
- WOOD FRAME
- Lot size
- 0.74 lot acres
- Zone code
- C1
- Property type
- Auto shops
- APN
- 15 224 01 161
- APU
- 1522401161
Description
This exceptional investment opportunity presents a 2,024 square foot Jiffy Lube located at 1247 South Hairston Road in Stone Mountain, Georgia. The property boasts a strong 9-year triple-net (NNN) lease with a corporate guarantee from Shell (NYSE), ensuring minimal landlord responsibilities and a stable income stream. The lease features 5% rent bumps every three years, providing a hedge against inflation. The building, constructed in 1986, sits on a 0.78-acre lot and enjoys 100% occupancy, generating a Net Operating Income (NOI) of $71,663 and a 6.25% cap rate. The asking price is $1,146,600, translating to $566.50 per square foot. This prime retail location is situated adjacent to Crowe's Crossing Shopping Center, a high-traffic area with over 25,500 vehicles per day. Its convenient access to Loop 285, Downtown Atlanta (16 miles), and Hartsfield-Jackson Atlanta International Airport (20 miles) further enhances its appeal. The property benefits from its proximity to Stone Mountain Park, Georgia's most visited attraction. Nearby businesses include Kroger, Wendy's, Dollar General, and several other national chains. The lease has three 5-year renewal options, extending the investment potential well into the future. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,265,000
- ML approach
- $1,070,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,559,000
Market price range: $486k - $1.79M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,020,000 Current use
- RETAIL STORES
- $1,200,000 Change: +17% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $890,000 Change: -13% Conversion: Difficult
- MEDICAL BUILDING
- $890,000 Change: -13% Conversion: Difficult
- OFFICE BUILDING
- $820,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stone Mountain
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.1974
- Latitude
- 33.7592
- 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
$18,135
$195,360
$204,640
$400,000
-
$488,400
$511,600
$1,000,000
