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

    6478 Old Hillandale Dr Lithonia, GA 30058

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Raw land zoned industrial, near I-20 and airport.

    Lot size:
    6.00 Acres

    Property Features for 6478 Old Hillandale Dr

    General Information

    Lot size
    6.00 Acres

    We can help!

    Listing Contact
    Steve Hanna
    Source: Moodyscre

    Listing Agent: Steve Hanna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Lithonia Land For Sale

    This raw land is currently zoned M (Industrial). Future land use must comply with City of Stonecrest CC (City Center) zoning. The terrain is flat. The property benefits from I-20 visibility and nearby access. It is located 30 minutes from Hartsfield-Jackson International Airport.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.1271758
    Latitude
    33.7042002

    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
    • $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
    • $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
    • $219,000
      0.51 Acres

      Lithonia Multi-Family Investment Property

      Multi-family property in Lithonia, Georgia, ideal for investors.
      2138 Tiffany Trl, 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
    • $1,375,000
      5,192 SF

      Stonecrest Commercial Property For Sale

      Commercial property in Stonecrest's retail corridor, near The Mall.
      7322 Stonecrest Concourse, Lithonia, GA 30038
      View Details

    FAQs

    What type of property is this?
    Land - Raw land zoned industrial, near I-20 and airport.
    Where is this land located?
    The property is located at 6478 Old Hillandale Dr Lithonia, GA.
    What are key features of this property?
    This property features: - Future land use allows for City Center (CC) zoning, offering diverse development opportunities.; - Excellent visibility from I-20 and nearby access.; - Conveniently located just 30 minutes from Hartsfield-Jackson International Airport.
    (404) 257-8866
    Request Owner's contact information
    6478 Old Hillandale Dr Lithonia, GA 30058
    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.
    6478 Old Hillandale Dr
    Lithonia, GA 30058
    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
    6478 Old Hillandale Dr Lithonia, GA 30058
    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
    Steve Hanna
    (404) 257-8866
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.