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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1835 Park Place Blvd Stone Mountain, GA 30087

    • Warehouses
    • 26,380 SF
    • 4.72 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    Jun 08, 2023
    $6,350,000
    Value Estimations
    $6,650,000
    Cap Rate Potential
    2.7%
    Warehouses
    Location Intelligence
    Property ID
    US22-4581164
    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.

    Current Use by Public Records

    • Multiprint + Design / Commercial Printer
    • The Jim Terry Group, LLC / Military Base
    • Agape Life Coaching / Consultant / Coaching Center
    • webuyanycar.com / Appraiser / Used Car Dealer
    • HCISI / Transportation Service

    Property Details for 1835 Park Place Blvd

    Year built
    1987
    Lot size
    4.72 lot acres
    Property size
    26,380 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Warehouses
    APN
    R6061 097
    APU
    R6061097

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,165,000
      ML approach
      $5,365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,113,000
      Market price range: $1.75M - $5.11M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $11,790,000
      MEDICAL BUILDING
      $8,450,000
      RESTAURANT
      $7,145,000
      RETAIL STORES
      $7,125,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,950,000
      OFFICE BUILDING
      $6,440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1196
    Latitude
    33.8256
    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
    $61,623
    $320,920
    $2,056,920
    $2,377,840
    -
    $802,300
    $5,142,300
    $5,944,600

    Comparable in this City

    • Value Estimation
      $235,000
      19,250 SF

      5151 Annistown Rd

      MINI-WAREHOUSE, STORAGE • 19,250 SF
      5151 Annistown Rd, Stone Mountain, GA 30087-3835
      View Details
    • Value Estimation
      $660,000
      39,360 SF

      2200 Ctr Park Ct

      STORAGE YARD, OPEN STORAGE • 39,360 SF
      2200 Ctr Park Ct, Stone Mountain, GA 30087-3544
      View Details
    • Value Estimation
      $905,000
      35,100 SF

      1940 Parker Ct

      STORAGE YARD, OPEN STORAGE • 35,100 SF
      1940 Parker Ct, Stone Mountain, GA 30087-6400
      View Details
    • Value Estimation
      $430,000
      8,700 SF

      1964 Rockbridge Rd

      MINI-WAREHOUSE, STORAGE • 8,700 SF
      1964 Rockbridge Rd, Stone Mountain, GA 30087-3309
      View Details
    • Value Estimation
      $315,000
      6,100 SF

      5335 Stone Mtn Hwy

      STORAGE YARD, OPEN STORAGE • 6,100 SF
      5335 Stone Mtn Hwy, Stone Mountain, GA 30087-3416
      View Details
    • Value Estimation
      $665,000
      27,140 SF

      1980 Parker Ct

      STORAGE YARD, OPEN STORAGE • 27,140 SF
      1980 Parker Ct, Stone Mountain, GA 30087-3452
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,750 SF

      Stone Mountain Office/Warehouse Complex

      12,750 SF, 4.29 Acres, C-2 Zoning
      1935 Glenn Club Dr, Stone Mountain, GA 30087
      View Details
    • $85,000
      0.29 Acres

      Residential Land in Stone Mountain

      Residential land available in Stone Mountain, Georgia.
      1148 Falkirk Ln, Stone Mountain, GA 30087
      View Details
    • $85,000
      0.58 Acres

      Residential Land in Golf Community

      Land for sale in Stone Mountain swim/tennis/golf community.
      1174 Falkirk Ln, Stone Mountain, GA 30087
      View Details
    • Contact for pricing
      83,291 SF

      Stone Mountain Shopping Center

      LA Fitness-anchored retail center, high occupancy.
      5295 Stone Mountain Hwy, Stone Mountain, GA 30087
      View Details
    • $379,900
      0.48 Acres

      Renovated Income-Generating Home

      Tenant-occupied, renovated 3 bed, 2 bath home in Stone Mountain.
      353 Old Rosser Rd, Stone Mountain, GA 30087
      View Details
    • Contact for pricing

      Anchored Shopping Center For Sale

      83,921 SF shopping center anchored by LA Fitness.
      5295 Stone Mountain Hwy, Stone Mountain, GA 30087
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      42,434 SF

      Stone Mountain Warehouse For Lease

      Large Industrial Space Available; Multiple Suites
      1835 Park Place Blvd, Stone Mountain, GA 30087
      View Details
    • $96 SF/Yr
      90,671 SF

      Gwinnett County Flex Space Available

      Versatile Industrial Space, Multiple Tenants
      2300 Park Pl. Blvd, Stone Mountain, GA 30087
      View Details
    • $12 SF/Yr
      54,675 SF

      Mountain Park Place Office Suites

      Stone Mountain flex space, newly renovated.
      1835 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
      63,070 SF

      Prime Stone Mountain Retail Space

      Large freestanding retail building, ample parking.
      1475 Park Place Blvd, Stone Mountain, GA 30087
      View Details
    • $2,250 /Mo
      1,347 SF

      Stone Mountain Commercial Space Available

      Versatile 1,347 SF space ideal for office or retail.
      5464 Five Forks Trickum Rd, Stone Mountain, GA 30087
      View Details
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    1835 Park Place Blvd
    Stone Mountain, GA 30087
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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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