Entity Owned 
For Sale
1 / 10
$2,250,000
4964 Redan Rd, Stone Mountain, GA 30088
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Property summary
AI-generated overview
This exceptional 10,000-square-foot retail space at 4964 Redan Road in Stone Mountain, Georgia, presents a unique investment opportunity. The single-tenant building, constructed in 1987, sits on a 1.24-acre lot and boasts a Class C rating. The property features floor-to-ceiling tinted windows on two sides, maximizing natural light. Inside, a large open area is complemented by a substantial back room with a convenient loading dock, perfect for efficient inventory management. Employee amenities include a kitchenette and three restrooms. Ample parking is provided with 57 spaces. The property is zoned MU-4 and has an APN of 16 002 02 290. Its prime location in a busy district, near a high-density residential area, ensures high visibility and strong potential for customer traffic. The entire 10,000 square feet is currently vacant, offering immediate occupancy for a wide range of retail businesses. This property offers a compelling combination of size, amenities, and location, making it an ideal choice for a discerning investor or retailer seeking a prominent presence in the Stone Mountain market. The address is 4964 Redan Road, Stone Mountain, GA 30088.
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1987
Total area
10,000 SF
Lot
1.24 ac (54,014 SF)
Zoning code
X
APN
16 002 02 290
UPID
US22-3777984
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
-
Hotel & Motel Resort
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$695k
Owner & transaction history
since 2022
Last sale
$680,000
3 recorded transactions
Zoning & alternative use
X · Stone Mountain, GA
Top alternative use upside
Medical building
$1.0M
+12.6%
Retail stores
$945,000
+1.9%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$695k
Value range
$626k – $765k
±10% around blend
Estimated value / SF
$70 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$626k
blend $695k
$765k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,000 SF
Lot area
1.24 ac
Year built
1987
APN
16 002 02 290
Zoning
X
Assessed value
$272,000
Annual tax
$11,884
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$11,884
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$727k
Range $485k – $1.77M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$695k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+13%
vs current-use indication
Retail Stores
Clubs, Lodges, Professional Associations · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
6.25%
Selected cap rate for this specialty properties
Derived from the Stone Mountain market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.25%
9.0%
NOI (est.)
$141k *
Last sale · May 2022
$680k
* 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$2.25M
Move the market yield to see immediate price impact.
Value / SF
$225
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
5.75%6.25%6.75%
$127k
$2.20M
$2.03M
$1.88M
$141k
$2.45M
$2.25M
$2.08M
$155k
$2.69M
$2.48M
$2.29M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,884
Tax year 2024
Assessed value
$272,000
Assessed 2024
Previous assessed
$272,000
+0.0% YoY
Effective rate
4.37%
On assessed value
Assessed land
$195,200
Assessed improvement
$76,800
Land market value
$488,000
Improvement market value
$192,000
Total market value
$680,000
Applied tax rate
4.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
For Sale
Year built
1987
Heating
NONE
Total area
10,000 SF
Lot
1.24 ac (54,014 SF)
Zoning code
X
APN
16 002 02 290
UPID
US22-3777984
Jurisdiction
DE KALB
Zoning & alternative use
X · Stone Mountain, GAZoning X · permitted uses
X · 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
Lot
1.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
X
Jurisdiction
Stone Mountain, GA
Recorded code
X
Ownership Intelligence
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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
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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