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Property profile & analytics
FOR LEASE
Specialty properties

4964 Redan Rd Stone Mountain, GA 30088

10,000 SF 1.24 ac lot Built 1987
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-3777984
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Redan Party Rental & Cultural Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$727k
Blend (final) Blend
$685k
Owner & transaction history
Megal & Sma Properties LLC · 4 yrs held
Megal & Sma Properties LLC
since 2022
Last sale
$680,000
3 recorded transactions
2022
$680,000
2018
Price N/A
1969
Price N/A
Zoning & alternative use
X · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.0M +12.6%
Retail stores $945,000 +1.9%
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