Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5236 Sandy Shores Ct Lithonia, GA 30038

    Sponsored
    For Sale
    $275,900

    LAND - Lithonia, GA

    Lot size:
    1.90 Acres
    Days on Market:
    48
    Last Refresh:
    Feb 3 at 2:06 am

    Property Features for 5236 Sandy Shores Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Cleared, Partially Wooded, Wooded
    APN
    16 047 01 024
    Lot size
    1.90 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Mary Chatmon

    HomeSmart (404) 876-4901

    Listing agent Mary Butler Chatmon (770) 750-5717

    Listing date Dec 18, 2025

    MLS# 7287002 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lithonia, GA Wooded Basement Lot

    Located in the new City of Stonecrest, Sandstone Estates features luxury estate homes in DeKalb County, Georgia, just minutes outside of Atlanta. The property at 5236 Sandy Shores Court is a 1.9-acre wooded basement lot suitable for building a dream home, east coast property, vacation paradise, or get-away home with a full daylight basement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.174168
    Latitude
    33.659624

    Nearby Similar for Sale

    • $2,300,000
      2,356 SF

      Auto Repair Business Opportunity

      Turn-key auto repair business with high traffic location.
      3849 Panola Rd, Lithonia, GA 30038
      View Details
    • $1,700,000
      10,992 SF

      Lithonia Commercial Tire and Service

      Retail tire and service garage 27 miles East of Atlanta.
      6917 Main St, Lithonia, GA 30058
      View Details
    • $299,000
      1,164 SF

      Renovated Commercial Investment Property

      Turnkey commercial property in historic Lithonia, ideal for diverse uses.
      2556 Wiggins St, Lithonia, GA 30058
      View Details
    • $299,000
      1,164 SF

      Turnkey Commercial Investment Property

      Renovated commercial property in historic Lithonia, ideal for diverse uses.
      2556 Wiggins St, Lithonia, GA 30058
      View Details
    • $240,000
      0.31 Acres

      Lithonia, GA Single-Family Home

      Single-family home in Redan/Stonecrest with updated systems and growing equity.
      2275 Briar Knoll Rd, Lithonia, GA 30058
      View Details
    • $1,099,000
      Pending

      Historic Church in Lithonia, GA

      Historic 16,000 SF church on 1.1 acres for sale.
      3099 Stone Mountain St, Lithonia, GA 30058
      View Details
    • New
      $275,900
      0.02 Acres

      Residential Income Property in Lithonia

      Residential income property with rental potential near shopping and schools.
      6316 Scudders Dr, Lithonia, GA 30058
      View Details
    • $2,500,000
      17,680 SF

      Commercial Building on Covington Hwy

      Stand-alone commercial building with eight suites in high-traffic area.
      2485 Lithonia Industrial Blvd, Lithonia, GA 30058
      View Details
    • $380,000
      2,652 SF

      Commercial Property in Historic Lithonia

      Commercial property in Lithonia's Historic Downtown, ideal for offices/restaurants.
      6970 Main St, Lithonia, GA 30058
      View Details
    • $380,000
      2,652 SF

      Commercial Property in Historic Lithonia

      Commercial property in Lithonia's business-friendly historic downtown district.
      6970 Main St, Lithonia, GA 30058
      View Details
    • $200,000
      1,400 SF

      Commercial Space in Lithonia, Georgia

      1400 sqft commercial space, previously a restaurant, ready for renovation.
      2546 Rock Chapel Rd, Lithonia, GA 30058
      View Details
    • $200,000
      1,400 SF

      Commercial Space in Lithonia, GA

      1400 sqft commercial space, previously a restaurant, ready for renovation.
      2546 Rock Chapel Rd, Lithonia, GA 30058
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded basement lot in Stonecrest, minutes from Atlanta.
    Where is this residential land & home lot located?
    The property is located at 5236 Sandy Shores Ct Lithonia, GA.
    What is the asking price?
    The asking price for this property is $275,900.
    What are key features of this property?
    This property features: - Located in Sandstone Estates, a luxury estate home community in Stonecrest, DeKalb County, Georgia.; - Minutes from Atlanta.; - Wooded basement lot suitable for building a custom home.
    (770) 750-5717
    Request Owner's contact information
    5236 Sandy Shores Ct Lithonia, GA 30038
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5236 Sandy Shores Ct
    Lithonia, GA 30038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5236 Sandy Shores Ct Lithonia, GA 30038
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mary Chatmon
    Real Estate License ID: 183057
    (770) 750-5717
    Learn more
    Google sign-in failed. Please try again or use another login method.