Flex Space with Loading
2332 Panola Road, Lithonia, GA 30058
For Sale
New
$350,000
A partially unfinished basement and existing framing offer areas for further interior configuration.
Property Size1,945 SF
Days on Market5
Property Features for 2332 Panola Road
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Amenities
loading dock
partially unfinished basement
existing framing
0.34 acres, Semi Turning Available
Composition
Fenced
Septic Tank
Parcel Number: 16 039 02 005, Annual Amount: $6,119, Tax Block: 2, Lot: 2, Year: 2025
Concrete
Central Air
Listing ID: 10887922, Standard Status: Active, MLS Status: New, On market as of 2026-11-10, 1 day on market, Special Conditions: No Disclosure
15 total parking spaces, Parking Lot
Built in 1945, Construction Materials: Frame
County/Parish: DeKalb
Fixer, Updated/Remodeled
None, Water Source: Public
Close Of Escrow
Energy Generation: Solar
Building Details
Building Size
Year Built
Listing Agency:
The Atelier Group
(770) 416-3659
Listed By:
Crystal Stewart · License GA #432964
(678) 993-9499
Source:
Blackstreaminternational
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Atelier Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes a loading dock, existing interior framing, and a partially unfinished basement. Built in 1945, the building also has on-site parking and road frontage along Panola Road.
Located at 2332 Panola Road in Lithonia, the property is exposed to traffic on the roadway, including evening commuters. Its existing features provide a basis for adapting the space, subject to applicable zoning and permitting requirements.
Located at 2332 Panola Road in Lithonia, the property is exposed to traffic on the roadway, including evening commuters. Its existing features provide a basis for adapting the space, subject to applicable zoning and permitting requirements.
Key Highlights
- Loading dock
- Partially unfinished basement and existing interior framing
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,849
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,980
$237.0K
Cap Rate 7%
$169,271
$169.3K
Cap Rate 9%
$131,656
$131.7K
Market Conditions
NOI Build-Up for 1,945 SF
Gross rent
$18.4K $9.48/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$16.9K $8.70/SF
− OpEx
−$5.1K −$2.61/SF
NOI
$11.8K $6.09/SF
Area
DeKalb County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,980
Cap Rate 7%
$169,271
Cap Rate 9%
$131,656
Alternative Uses
Best Use
Industrial
$169.3K
$148.1K – $197.5K
NOI $11,849 @ 7.0% cap · market cap 3.39%
Second Best
Flex RnD
$162.0K
$141.7K – $189.0K
NOI $11,338 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$543.7K
$475.7K – $634.3K
NOI $38,059 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30058, GA
59,445
Population
23,671
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
30.5 sq mi
ZIP Area
1,949
Density / Sq Mi
$62,633
Median Household Income
$36,992
Median Earnings
$1,478
Median Rent
$221,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in DeKalb County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A partially unfinished basement and existing framing offer areas for further interior configuration.
Where is this flex space located?
The property is located at 2332 Panola Road Lithonia, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Loading dock; Partially unfinished basement and existing interior framing; Built in 1945
