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    1324 Rockbridge Rd Stone Mountain, GA 30087-3174

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    1324 Rockbridge Rd Stone Mountain, GA 30087-3174

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    • Medical Office Space
    • 1,944 SF
    • 1.36 lot acres
    Off-Market
    Last Sale Jan 26, 2023
    $710,000
    Property ID
    US22-0974599
    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
    $770,000
    Show details
    Cap Rate Potential
    3.5%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Dr. Lisa C. Robbins, MD / Physician
    • Dream Vacations / Travel Agency
    • Gwinnett Spinal & Rehab PC / Alternative Medicine Practice
    • Paul W. Mattson, DC / Alternative Medicine Practice
    • True Care Physicians Urgent Care, Primary Care / Medical Clinic

    Property Details for 1324 Rockbridge Rd

    Year built
    1978
    Construction
    WOOD
    Lot size
    1.36 lot acres
    Property size
    1,944 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    6-078 -100
    APU
    6078100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $874,000
      Market price range: $428k - $874k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $625,000
      Current use
      AUTO REPAIR, GARAGE
      $870,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $525,000
      Change: -16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $510,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1294
    Latitude
    33.839
    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
    2023
    $9,084
    $85,320
    $162,680
    $248,000
    -
    $213,300
    $406,700
    $620,000

    Comparable in this City

    • Value Estimation
      $915,000
      10,899 SF

      1805 Parke Plz Cir

      MEDICAL BUILDING • 10,899 SF
      1805 Parke Plz Cir, Stone Mountain, GA 30087-3637
      View Details
    • Value Estimation
      $1,120,000
      3,804 SF

      5450 Lilburn Stone Mtn Rd

      MEDICAL BUILDING • 3,804 SF
      5450 Lilburn Stone Mtn Rd, Stone Mountain, GA 30087-2880
      View Details
    • Value Estimation
      $595,000
      2,846 SF

      2065 Rockbridge Rd

      MEDICAL BUILDING • 2,846 SF
      2065 Rockbridge Rd, Stone Mountain, GA 30087-3513
      View Details
    • Value Estimation
      $820,000
      5,868 SF

      2415 Park Pl Blvd

      MEDICAL BUILDING • 5,868 SF
      2415 Park Pl Blvd, Stone Mountain, GA 30087-3566
      View Details
    • Value Estimation
      $895,000
      5,152 SF

      1172 Rockbridge Rd

      MEDICAL BUILDING • 5,152 SF
      1172 Rockbridge Rd, Stone Mountain, GA 30087-2903
      View Details
    • Value Estimation
      $970,000
      5,664 SF

      5500 Lilburn Stone Mtn Rd

      MEDICAL BUILDING • 5,664 SF
      5500 Lilburn Stone Mtn Rd, Stone Mountain, GA 30087-2871
      View Details

    Similar Nearby for Sale

    • $930,000
      Pending

      Medical Office For Sale

      Medical office space available in Stone Mountain, Georgia.
      2256 Rockbridge Rd, Stone Mountain, GA 30087
      View Details
    • $69,000
      0.80 Acres

      Land in Stone Mountain, GA

      Land suitable for residential or commercial development near Atlanta.
      433 N Deshong Rd, Stone Mountain, GA 30087
      View Details
    • $379,900
      0.48 Acres

      Renovated Stone Mountain Income Property

      Worry-free investment property in Smoke Rise, generating active income.
      353 Old Rosser Rd, Stone Mountain, GA 30087
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    • Contact for pricing

      Stone Mountain Retail Shopping Center

      5,250 SF, 3-unit shopping center in Stone Mountain, GA.
      5950 Hugh Howell Rd, Stone Mountain, GA 30087
      View Details
    • Contact for pricing
      12,750 SF

      4.29 Acres of Commercial Land

      Two parcels of land totaling 4.29 acres available for sale.
      1935 Glenn Club Dr, Stone Mountain, GA 30087
      View Details
    • $1,695,000

      Land For Sale

      Land available for sale in Stone Mountain, Georgia.
      2424 Rockbridge Rd, Stone Mountain, GA 30087
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Flex-Office Space Available

      Newly renovated flex-office space with tenant-controlled HVAC in Stone Mountain.
      1835 E Park Place Blvd, Stone Mountain, GA 30087
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 1,000 square feet.
      1525 E Park Place Blvd, Stone Mountain, GA 30087
      View Details
    • Contact for pricing

      Retail Freestanding Building For Lease

      Retail freestanding building available for lease in neighborhood center.
      1475 E Park Place Blvd, Stone Mountain, GA 30087
      View Details
    • Contact for pricing

      Publix Anchored Retail Center

      Highly visible, fully leased retail center in growing area.
      380 N Deshon Rd, Stone Mountain, GA 30087
      View Details
    • Contact for pricing

      Retail Space Near Amazon Center

      Retail space available in Stone Mountain, near Amazon Fulfillment Center.
      5370 Stone Mountain Hwy, Stone Mountain, GA 30087
      View Details
    • Contact for pricing

      Retail Space Near Highway 78

      Retail spaces available near major retailers and Highway 78.
      5295 Stone Mountain Fwy, Stone Mountain, GA 30087
      View Details
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    Stone Mountain, GA 30087-3174
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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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