1835 E Park Place Blvd Stone Mountain, GA 30087
Warehouses
Google Maps
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
No photos on file
For Lease
Contact for pricing
1835 E Park Place Blvd, Stone Mountain, GA 30087
View Listing →
Estimated value (blended)
$7.17M
Range $6.45M – $7.88M (±10%)
Implied cap rate
2.70%
In-place · NOI ÷ last sale
Property ID
US22-4581164
Property summary
AI-generated overview
This exceptional industrial property, located at 1835 E Park Place Blvd in DeKalb County's Stone Mountain submarket, offers a total of 42,434 square feet of warehouse and distribution space. Currently, the entire building is available for lease, presenting a unique opportunity for a single tenant or multiple tenants. The property is divided into two suites, providing flexibility for businesses with varying space requirements. A minimum of 14,139 square feet is divisible, while the maximum contiguous space available is 28,295 square feet. This allows for businesses of various sizes to find a suitable space within this well-located facility. The property's "Warehouse, Distribution" subtype makes it ideal for companies needing ample storage and efficient logistics capabilities. Its location in the Stone Mountain submarket of DeKalb County offers excellent access to major transportation routes, ensuring seamless distribution and delivery operations. This is a prime opportunity to secure a substantial and versatile industrial space in a thriving area. Contact us today to schedule a viewing and explore the possibilities this property offers. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1987
Total area
26,380 SF
Lot
4.72 ac (205,603 SF)
Zoning code
C2-GENERAL BUSINESS
APN
R6061 097
UPID
US22-4581164
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
-
Marketing & Advertising Printing Service
-
Military Base
-
Consultant Coaching Center
-
Car Dealership
-
Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.11M
Blend (final)
Blend
$7.17M
Owner & transaction history
since 2023
Last sale
$6.4M
4 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Stone Mountain, GA
Top alternative use upside
Medical building
$8.5M
+162.4%
Restaurant
$7.1M
+121.8%
Retail stores
$7.1M
+121.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$7.17M
Value range
$6.45M – $7.88M
±10% around blend
Estimated value / SF
$272 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$6.45M
blend $7.17M
$7.88M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,380 SF
Lot area
4.72 ac
Year built
1987
Stories
1
APN
R6061 097
Assessed value
$2,377,840
Annual tax
$61,623
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.04M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.8 mi away · 18,750 SF
7.9 mi away · 30,938 SF
9.4 mi away · 26,340 SF
9.4 mi away · 20,686 SF
10.5 mi away · 22,726 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.17M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 25 sales
$122
+122%
County 421 sales
$160
+70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $272/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+162%
vs current-use indication
Restaurant
Retail Stores
Neighborhood: Shopping Center
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
2.70%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$445k *
Last sale · Jun 2023
$6.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16.46M
Move the market yield to see immediate price impact.
Value / SF
$624
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.20%2.70%3.20%
$400k
$18.18M
$14.82M
$12.50M
$445k
$20.20M
$16.46M
$13.89M
$489k
$22.22M
$18.11M
$15.28M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$4.50M
5.2 mi · Feb 2026 · $221/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$61,623
Tax year 2024
Assessed value
$2,377,840
Assessed 2024
Previous assessed
$1,636,800
+45.3% YoY
Effective rate
2.59%
On assessed value
Assessed land
$320,920
Assessed improvement
$2,056,920
Land market value
$802,300
Improvement market value
$5,142,300
Total market value
$5,944,600
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
1987
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
26,380 SF
Lot
4.72 ac (205,603 SF)
Zoning code
C2-GENERAL BUSINESS
APN
R6061 097
UPID
US22-4581164
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Stone Mountain, GAZoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.72 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2-GENERAL BUSINESS
Jurisdiction
Stone Mountain, GA
Recorded code
C2-GENERAL BUSINESS
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
