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

    4964 Redan Rd Stone Mountain, GA 30088

    • Specialty properties
    • 10,000 SF
    • 1.24 lot acres
    For Lease
    View listing
    $11,800 /Mo
    Last Sale
    May 26, 2022
    $680,000
    Value Estimations
    $685,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3777984
    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

    • Redan Party Rental & Cultural Center / Hotel & Motel / Resort

    Property Details for 4964 Redan Rd

    Year built
    1987
    Lot size
    1.24 lot acres
    Property size
    10,000 SF
    Zone code
    X
    Property type
    Specialty properties
    APN
    16 002 02 290
    APU
    1600202290

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $695,000
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $727,000
      Market price range: $485k - $1.77M

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $925,000
      Current use
      MEDICAL BUILDING
      $1,045,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $945,000
      Change: +2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $865,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1927
    Latitude
    33.7608
    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
    $11,884
    $195,200
    $76,800
    $272,000
    -
    $488,000
    $192,000
    $680,000

    Comparable in this City

    • Value Estimation by Request
      6,299 SF

      1478 Stoneleigh Way

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,299 SF
      1478 Stoneleigh Way, Stone Mountain, GA 30088-3428
      View Details
    • Value Estimation
      $535,000
      8,000 SF

      5843 Redan Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 8,000 SF
      5843 Redan Rd, Stone Mountain, GA 30088-3451
      View Details
    • Value Estimation by Request
      4,996 SF

      4899 Redan Rd

      VETERINARY, ANIMAL HOSPITAL • 4,996 SF
      4899 Redan Rd, Stone Mountain, GA 30088-2705
      View Details
    • Value Estimation by Request
      5,607 SF

      5565 Redan Rd

      DAY CARE, PRE-SCHOOL • 5,607 SF
      5565 Redan Rd, Stone Mountain, GA 30088-3203
      View Details
    • Value Estimation
      $645,000
      21,875 SF

      2584 Young Rd

      DAY CARE, PRE-SCHOOL • 21,875 SF
      2584 Young Rd, Stone Mountain, GA 30088-4204
      View Details
    • Value Estimation by Request
      1,825 SF

      5529 Redan Cir

      DAY CARE, PRE-SCHOOL • 1,825 SF
      5529 Redan Cir, Stone Mountain, GA 30088-3411
      View Details

    Similar Nearby for Sale

    • $499,000
      3.20 Acres

      Stone Mountain Mixed-Use Land

      3.2 acre lot in a busy retail location.
      4962 Redan Rd, Stone Mountain, GA 30088
      View Details
    • $2,250,000
      10,000 SF

      Stone Mountain Retail Investment Opportunity

      Vacant 10,000 SF Retail Space, $2.25M
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • $2,250,000
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic location.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • $499,000
      3.20 Acres

      Stone Mountain Commercial Land Available

      3.2 acre lot in a busy retail location.
      4962 Redan Rd, Stone Mountain, GA 30088
      View Details
    • $499,000
      3.20 Acres

      Stone Mountain Commercial Land Available

      3.2 acre commercial land in a busy retail location.
      4962 Redan Rd, Stone Mountain, GA 30088
      View Details

    Similar Nearby for Lease

    • $11,800 /Mo
      54,014 SF

      Stone Mountain Retail Space For Rent

      Retail space with loading dock, kitchenette, and ample parking.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
    • Contact for pricing
      2,699 SF

      Stone Mountain Retail Outparcel

      Prime 0.79-acre site, 2,699 sq ft building.
      1130 Hairston Rd, Stone Mountain, GA 30088
      View Details
    • $11,800 /Mo
      10,000 SF

      Stone Mountain Retail Space Available

      Retail space with loading dock in a high-traffic Stone Mountain location.
      4964 Redan Rd, Stone Mountain, GA 30088
      View Details
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    Stone Mountain, GA 30088
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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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