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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Parking lots & garages
6300 Memorial Dr Stone Mountain, GA 30083-2811
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-4471220
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1948
Total area
5,425 SF
Lot
2.91 ac (126,760 SF)
Zoning code
C-1
APN
18 091 01 059
UPID
US22-4471220
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Mbas Properties LLC · 1 yrs held
Mbas Properties LLC
since 2024
Last sale
$525,000
6 recorded transactions
Zoning & alternative use
C-1 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+155.6%
Restaurant
$760,000
+138.8%
Industrial (general)
$660,000
+107.7%
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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$320,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +156% · Conversion: Difficult
RESTAURANT
$760,000
Change: +139% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$660,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Aug 20 2024)
Last sale anchor
$525k
Aug 20 2024
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
$97 / 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
$19,675
Tax year 2024
Assessed value
$142,420
Assessed 2024
Previous assessed
$231,560
-38.5% YoY
Effective rate
13.81%
On assessed value
Assessed land
$112,258
Assessed improvement
$30,162
Land market value
$280,644
Improvement market value
$75,404
Total market value
$356,048
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1948
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
6
Total area
5,425 SF
Lot
2.91 ac (126,760 SF)
Zoning code
C-1
APN
18 091 01 059
UPID
US22-4471220
Jurisdiction
DE KALB
Zoning & alternative use
C-1 · Stone Mountain, GA
Zoning C-1 · permitted uses
C-1 · 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
PARKING LOT Current
Est. value
$320,000
COMMERCIAL (GENERAL)
Est. value
$815,000
RESTAURANT
Est. value
$760,000
INDUSTRIAL (GENERAL)
Est. value
$660,000
RETAIL STORES
Est. value
$570,000
MEDICAL BUILDING
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$490,000
PARKING LOT Current
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1948
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
6
Lot
2.91 ac
Current owner
From public records · entity-resolved
Mbas Properties LLC
Entity
Mailing address
6300 MEMORIAL DR SW, STONE MOUNTAIN, GA 30083-2811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
Mbas Properties LLC
Dk Auto LLC
Quit Claim Deed
related
—
Aug 6, 2024
—
Dk Auto LLC
—
Deed
related
$250,000 · Tarekegn Bruhetayet Mulu
Jan 26, 2023
$525,000
Dk Auto LLC
Watkins Mortuary INC
Warranty Deed
$437,000 · Celtic Bank
Dec 23, 2016
—
Watkins Mortuary INC
—
Deed
related
$1,543,000 · Regions Bank
Mar 3, 2010
$265,000
Watkins Mortuary INC
Garmon,betty Ann
Grant Deed
—
Mar 3, 2010
—
Betty Ann Garmon
Potts,a Lindsey
Grant Deed
related
—
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.
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