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

    2006 Glenn Clb Dr Stone Mountain, GA 30087-3407

    • Hotels
    • 29,682 SF
    • 2.03 lot acres
    OFF-MARKET
    Last Sale
    Feb 02, 2024
    $5,750,000
    Value Estimations
    $6,275,000
    Show details
    Cap Rate Potential
    2%
    Hotels
    Location Intelligence
    Property ID
    US22-1564628
    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

    • Days Inn by Wyndham Atlanta Stone Mountain / Inn / Motel

    Property Details for 2006 Glenn Clb Dr

    Year built
    1990
    Construction
    WOOD
    Lot size
    2.03 lot acres
    Property size
    29,682 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Hotels
    Property subtype
    Motels
    APN
    6-061 -005B
    APU
    6061005B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,750,000
      ML approach
      $5,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,850,000
      Market price range: $4.86M - $8.70M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,765,000
      Current use
      MEDICAL BUILDING
      $9,510,000
      Change: +41% Conversion: Difficult
      RESTAURANT
      $8,040,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $8,020,000
      Change: +19% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $7,820,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $7,245,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1092
    Latitude
    33.825
    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
    $51,141
    $107,200
    $1,668,840
    $1,776,040
    -
    $268,000
    $4,172,100
    $4,440,100

    Comparable in this City

    • Value Estimation
      $1,525,000
      30,576 SF

      1790 Park Pl Blvd

      HOTEL/MOTEL • 30,576 SF
      1790 Park Pl Blvd, Stone Mountain, GA 30087-3440
      View Details
    • Value Estimation
      $655,000
      23,374 SF

      1595 Park Pl Blvd

      HOTEL/MOTEL • 23,374 SF
      1595 Park Pl Blvd, Stone Mountain, GA 30087-3443
      View Details
    • Value Estimation
      $5,405,000
      32,297 SF

      5355 Stone Mtn Hwy

      HOTEL/MOTEL • 32,297 SF
      5355 Stone Mtn Hwy, Stone Mountain, GA 30087-3510
      View Details
    • Value Estimation
      $955,000
      42,753 SF

      1852 Rockbridge Rd

      HOTEL/MOTEL • 42,753 SF
      1852 Rockbridge Rd, Stone Mountain, GA 30087-3307
      View Details
    • Value Estimation by Request
      0.88 Acres

      Glenn Clb Dr

      VACANT COMMERCIAL LAND • 0.88 Acres
      Glenn Clb Dr, Stone Mountain, GA 30087
      View Details
    • Value Estimation
      $1,110,000
      66,086 SF

      5054 Stone Mtn Hwy

      PARKING GARAGE, PARKING STRUCTURE • 66,086 SF
      5054 Stone Mtn Hwy, Stone Mountain, GA 30087-3409
      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

    • 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
    • $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
    • $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
    • Contact for pricing
      335,016 SF

      Stone Mountain Square Shopping Center

      Prime Gwinnett County Retail Opportunity
      5370 Stone Mountain Hwy, Stone Mountain, GA 30087
      View Details
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    Stone Mountain, GA 30087-3407
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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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