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Property profile & analytics
FOR LEASE
Retail space
5320 Memorial Dr Stone Mountain, GA 30083
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1814117
For Lease
1 / 8
$4,515,000
5320 Memorial Dr, Stone Mountain, GA 30083
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
15,071 SF
Lot
1.73 ac (75,359 SF)
Zoning code
C1
APN
18 069 01 034
UPID
US22-1814117
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.63M
CAP Approach
CAP
$3.26M
Comparable Approach
Comparable
$6.14M
Blend (final)
Blend
$4.52M
Owner & transaction history
Mcm-wags Ga II LLC · 6 yrs held
Mcm-wags Ga II LLC
since 2020
Last sale
$4.4M
2 recorded transactions
Zoning & alternative use
C1 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+7.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,630,000
ML approach
$4,630,000
CAP Approach
CAP Return
Estimation
6%
$3,535,000
6.5%
$3,260,000
7%
$3,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,815,000
Current use
RESTAURANT
$4,080,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,245,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.52M
Range $4.06M – $4.97M · ±10% · vs last sale $4.40M (May 18 2020)
Last sale anchor
$4.40M
May 18 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$300 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$63,913
Tax year 2024
Assessed value
$1,446,816
Assessed 2024
Previous assessed
$1,446,816
+0.0% YoY
Effective rate
4.42%
On assessed value
Assessed land
$795,749
Assessed improvement
$651,067
Land market value
$1,989,372
Improvement market value
$1,627,668
Total market value
$3,617,040
Applied tax rate
4.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2000
Heating
NONE
Cooling
YES
Stories
1
Total area
15,071 SF
Lot
1.73 ac (75,359 SF)
Zoning code
C1
APN
18 069 01 034
UPID
US22-1814117
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Stone Mountain, GA
Zoning C1 · permitted uses
C1 · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.8M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Mcm-wags Ga II LLC
Entity
Mailing address
4521 SHARON RD STE #275, CHARLOTTE, NC 28211-3627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
$4,400,000
Mcm-wags Ga II LLC
Alexander Fund Xvi-th LLC
Grant Deed
$3,400,000 · First Nat'l Bk/pa
Jan 8, 2019
$2,485,100
Alexander Fund Xvi-th LLC
Minnetonka Cap Invs IV LLC
Grant Deed
related
$61,650,609 · Us Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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