Property profile

1629 Litton Dr Stone Mountain, GA 30083

OFF-MARKET
Warehouses
Property ID
US22-0990688
34,719 SF 3.5 ac lot Built 1968
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 45,000-square-foot industrial property, located at 1629 Litton Drive in Stone Mountain, Georgia (30083), presents a compelling owner-user opportunity. The newly renovated warehouse sits on a 3.2-acre lot and boasts a desirable combination of features ideal for distribution and warehousing operations. The building offers a 20-foot clear ceiling height, providing ample vertical storage space. Loading and unloading are facilitated by five dock-high doors and one drive-in door (12' x 14'). The layout features 30' wide x 40' deep column spacing, maximizing operational efficiency. The property also includes 56 auto parking spaces. The warehouse is equipped with a wet sprinkler system for fire protection and features an 8-inch floor slab capable of supporting heavy loads. Power is robust, with 3,200 amps at 480 volts available. The roof is a newer TPO installation completed in 2019. Approximately 15,000 square feet is dedicated to office space. The property's strategic location offers convenient access to Highway 78 (Exit 4), situated just 0.6 miles away. The asking price is $5,850,000, translating to $130 per square foot. This represents a significant opportunity for businesses seeking a modern, well-equipped warehouse in a prime location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1968
Total area 34,719 SF
Lot 3.5 ac (152,460 SF)
Zoning code X
APN 18 171 05 004
UPID US22-0990688

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics & Wireless Store

Location

1629 Litton Dr Stone Mountain, GA 30083-1116
Stone Mountain metro Census 21823 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.27M
CAP Approach CAP
$3.92M
Comparable Approach Comparable
$4.10M
Blend (final) Blend
$3.30M

Owner & transaction history

since 2022
Last sale
$3.2M
2 recorded transactions
2022
$3.2M
1969
Price N/A

Zoning & alternative use

X · Stone Mountain, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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