Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lithonia Land Development Opportunity Title is generated by Realmo AI

    7977 UNION GROVE, Lithonia, GA 30058

    View on Map
    Claim this Listing
    For Sale
    $2,000,000

    LAND - Lithonia, GA

    Lot size:
    38.93 Acres
    Added:
    Feb 19, 2025
    Days on Market:
    460
    Last Refresh:
    May 25 at 2:06 pm

    Property Features for 7977 UNION GROVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-85
    Vegetation
    Brush
    Standard status
    Active
    APN
    16 218 02 001
    Lot size
    38.93 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    4048

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Don Gale

    Listing agent Don Gale

    Listing office McKinley Properties, LLC. 655 Engineering Dr Suite 208, Norcross, GA

    Listing date Feb 19, 2025

    MLS# 7528224 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.

    HighLights

    • Development opportunity for 50+ residential building lots.
    • Located in Dekalb and Rockdale Counties.
    • Suitable for a 50+ community.
    • Partially developed.
    • Cable available.
    • LDP needs rework.

    Overview

    This 38.93-acre land parcel, located in Lithonia, Georgia, presents a development opportunity within Dekalb and Rockdale Counties. Zoned R-85, the property is partially developed, requiring rework of the Land Development Plan (LDP). It is suitable for the development of a 50+ residential community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Spa & Massage Center Hair Salon Nail Salon Kitchen & Bath Showroom HVAC Service Electrical Service Electronics & Wireless Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.062697
    Latitude
    33.716845

    Nearby Similar for Sale

    • $2,300,000
      2,356 SF

      Turn-Key Auto Repair Business Opportunity

      Auto repair shop with land, business, and inventory included.
      3849 Panola Road, Lithonia, GA 30038
      View Details
    • $750,000

      Lithonia Land with Church & House

      5.03 acres with church, house, and frontage on Panola Rd.
      1900 Panola Road, Lithonia, GA 30058
      View Details
    • $560,000

      Commercial Lot in Lithonia, GA

      0.71 acre commercial lot with high traffic volume.
      1800 Rock Chapel Road, Lithonia, GA 30058
      View Details
    • $2,000,000

      Prime Land in Lithonia, GA

      17.69-acre parcel with dual road frontage in high-growth area.
      7878 Covington Highway, Lithonia, GA 30058
      View Details
    • $1,850,000
      17,680 SF

      Commercial Building on Covington Hwy

      Stand-alone commercial building with eight suites in high-traffic area.
      2485 Lithonia Industrial Boulevard, 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 Road, 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 Road, Lithonia, GA 30058
      View Details
    • $500,000

      Residential Development Land in Lithonia

      26-acre parcel zoned for residential development in Stonecrest, GA.
      3961 Panola Road, Lithonia, GA 30038
      View Details
    • $500,000

      Residential Land in Growing Corridor

      26-acre parcel zoned R-100 with development potential.
      3961 Panola Road, Lithonia, GA 30038
      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 Street, 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 Street, Lithonia, GA 30058
      View Details
    • $79,900

      Lithonia Commercial Land Opportunity

      2.3 acres of commercial land in Lithonia, Georgia.
      1821 REDAN Road, Lithonia, GA 30058
      View Details

    FAQs

    What type of property is this?
    Land - 38.93 acres of land for residential development.
    Where is this land located?
    The property is located at 7977 UNION GROVE Lithonia, GA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Development opportunity for 50+ residential building lots.; Located in Dekalb and Rockdale Counties.; Suitable for a 50+ community.
    (404) 808-2324
    We can help!
    Listing Contact
    Don Gale
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    7977 UNION GROVE, Lithonia, GA 30058
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!