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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
984 2nd St, Stone Mountain, GA 30083
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-4233000
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Construction
STEEL FRAME
Total area
2,736 SF
Lot
0.08 ac (3,615 SF)
Zoning code
C1
APN
18 089 27 021
UPID
US22-4233000
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
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Property 1st Management LLC · 2 yrs held
Property 1st Management LLC
since 2024
Last sale
$520,000
3 recorded transactions
Zoning & alternative use
C1 · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$690,000
+109.9%
Auto repair, garage
$590,000
+78.8%
Neighborhood: shopping center
$515,000
+56.3%
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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$330,000
Current use
RETAIL STORES
$690,000
Change: +110% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: +79% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: +56% · Conversion: Moderate
MEDICAL BUILDING
$515,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$390,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Jan 5 2024)
Last sale anchor
$520k
Jan 5 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
$190 / 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
$4,932
Tax year 2024
Assessed value
$87,040
Assessed 2024
Previous assessed
$87,040
+0.0% YoY
Effective rate
5.67%
On assessed value
Assessed land
$10,880
Assessed improvement
$76,160
Land market value
$27,200
Improvement market value
$190,400
Total market value
$217,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1945
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,736 SF
Lot
0.08 ac (3,615 SF)
Zoning code
C1
APN
18 089 27 021
UPID
US22-4233000
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
WAREHOUSE, STORAGE Current
Est. value
$330,000
RETAIL STORES
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
MEDICAL BUILDING
Est. value
$515,000
OFFICE BUILDING
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$390,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1945
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Property 1st Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
984 2ND ST, STONE MOUNTAIN, GA 30083
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
$520,000
Property 1st Management LLC
B And T Real State Investors LLC
Limited Warranty Deed
—
Jul 21, 2017
—
B & T Real State Investors LLC
Bakhtiari,gholam
Quit Claim Deed
related
—
Sep 8, 2014
$215,000
Gholam Bakhtiari
Olde Inn Properties Ltd LP
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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