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    6287 Memorial Dr Stone Mountain, GA 30083

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    6287 Memorial Dr Stone Mountain, GA 30083

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    • Office buildings
    • 5,600 SF
    • 0.48 lot acres
    For Sale
    $700,000
    View Listing →
    Vacant Building on Memorial Drive For Sale
    $700,000
    5,600 SF

    Vacant Building on Memorial Drive

    5,600 SF vacant building on 0.48 AC lot.

    6287 Memorial Drive, Stone Mountain, GA 30083
    View Listing
    Property ID
    US22-1111433
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 6287 Memorial Dr

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.48 lot acres
    Property size
    5,600 SF
    Zone code
    X
    Property type
    Office buildings
    APN
    18 091 04 004
    APU
    1809104004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1837
    Latitude
    33.8083
    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
    $10,834
    $70,840
    $131,560
    $202,400
    -
    $177,100
    $328,900
    $506,000

    Comparable in this City

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      2,450 SF

      5207 Brer Rabbit Rd

      OFFICE BUILDING • 2,450 SF
      5207 Brer Rabbit Rd, Stone Mountain, GA 30083-1317
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    • Value Estimation
      $900,000
      7,540 SF

      925 Main St

      OFFICE BUILDING • 7,540 SF
      925 Main St, Stone Mountain, GA 30083-3098
      View Details
    • Value Estimation by Request
      1,150 SF

      6252 Memorial Dr

      OFFICE BUILDING • 1,150 SF
      6252 Memorial Dr, Stone Mountain, GA 30083-2809
      View Details
    • Value Estimation
      $505,000
      2,457 SF

      6181 Memorial Dr

      OFFICE BUILDING • 2,457 SF
      6181 Memorial Dr, Stone Mountain, GA 30083-2806
      View Details
    • Value Estimation by Request
      3,523 SF

      5411 Memorial Dr

      OFFICE BUILDING • 3,523 SF
      5411 Memorial Dr, Stone Mountain, GA 30083-3213
      View Details
    • Value Estimation by Request
      1,800 SF

      6107 Memorial Dr

      OFFICE BUILDING • 1,800 SF
      6107 Memorial Dr, Stone Mountain, GA 30083-2806
      View Details

    Similar Nearby for Sale

    • $700,000
      5,600 SF

      Vacant Building on Memorial Drive

      5,600 SF vacant building on 0.48 AC lot.
      6287 Memorial Dr, Stone Mountain, GA 30083
      View Details
    • $1,025,000
      9,560 SF

      Versatile Commercial Property on Rockbridge Road

      Commercial property suitable for retail, office, medical, or service use.
      4759 Rockbridge Rd, Stone Mountain, GA 30083
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    • $1,025,000
      13,108 SF

      Stone Mountain Commercial Opportunity

      Versatile commercial property in high-traffic Stone Mountain corridor.
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      118,829 SF

      Modern Industrial Facility in Stone Mountain

      Expandable 118,829 SF industrial building on 10.44 acres.
      4470 Greer Cir, Stone Mountain, GA 30083
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    • $925,000
      5,418 SF

      Historic Venue Near Stone Mountain

      Unique commercial property near Stone Mountain Park, Georgia.
      5459 E Mountain St, Stone Mountain, GA 30083
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    • $5,300,000

      Stone Mountain Industrial Office/Warehouse

      51,738 SF industrial office/warehouse in Stone Mountain, GA.
      5530 E Ponce De Leon Ave, Stone Mountain, GA 30083
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      11,086 SF

      Historic Granite Flex Space

      Adaptable commercial space in historic Stone Mountain Village.
      5367 E Mountain St, Stone Mountain, GA 30083
      View Details
    • Contact for pricing

      Flexible Office Suites For Rent

      Office suites available in accessible, highly visible Stone Mountain location.
      900 N Hairston Rd, Stone Mountain, GA 30083
      View Details
    • Contact for pricing

      Stone Mountain Office Space Available

      Office space for lease in Stone Mountain with private offices.
      1600 Mountain Industrial Blvd, Stone Mountain, GA 30083
      View Details
    • $15 SF/Yr
      1,720 SF

      Stone Mountain Retail Space

      Prime Downtown Location, 1720 sq ft
      929 Main St, Stone Mountain, GA 30083
      View Details
    • Contact for pricing

      Stone Mountain Industrial Space Available

      Industrial spaces available ranging from 9,600 to 19,200 SqFt.
      1625 Rock Mountain Blvd, Stone Mountain, GA 30083
      View Details
    • Contact for pricing

      Single Tenant Building For Rent

      Single tenant building on 2.05 acres, convenient highway access.
      4801 Lewis Rd, Stone Mountain, GA 30083
      View Details
    View Listing
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    Stone Mountain, GA 30083
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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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    6287 Memorial Dr, Stone Mountain, GA, 30083

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