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Property profile & analytics
OFF-MARKET
Estimated value
$5,535,000
Strip malls
933 Hairston Rd Stone Mountain, GA 30083-2850
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-0024072
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
34,379 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C-2
APN
18 091 01 004
UPID
US22-0024072
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
-
Steve Roberts Agency Insurance Agency
-
Chase Bank Bank Loan Service
-
Wingstop Restaurant
-
I AM PHOTO EXPERIENCE Photography Service Party Supply Store
-
Powell's High Tech Dental Studio Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.54M
Owner & transaction history
Georgia Department Of Transpor · 17 yrs held
Georgia Department Of Transpor
since 2009
2 recorded transactions
Zoning & alternative use
C-2 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.7M
+34.3%
Auto repair, garage
$7.4M
+14.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,475,000
Current use
RETAIL STORES
$8,700,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,410,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$6,460,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$5,955,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$5.54M
Range $4.98M – $6.09M · ±10%
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
$161 / 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
$267,081
Tax year 2024
Assessed value
$5,907,480
Assessed 2024
Previous assessed
$1,509,080
+291.5% YoY
Effective rate
4.52%
On assessed value
Assessed land
$995,993
Assessed improvement
$4,911,487
Land market value
$2,489,982
Improvement market value
$12,278,718
Total market value
$14,768,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
34,379 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C-2
APN
18 091 01 004
UPID
US22-0024072
Jurisdiction
DE KALB
Zoning & alternative use
C-2 · Stone Mountain, GA
Zoning C-2 · permitted uses
C-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.5M
RETAIL STORES
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
5.83 ac
Current owner
From public records · entity-resolved
Georgia Department Of Transpor
Entity
Free & Clear · 17 yrs held
Mailing address
8 INDUSTRIAL WAY E #2, EATONTOWN, NJ 07724-3317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Apr 2, 2009
—
Georgia Department Of Transpor
Hairston Investors LLC
Grant Deed
related
—
Nov 10, 2005
$20,000,000
Hairston Investors LLC
Hairston Village Acquisition LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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