Light Industrial Warehouse With Dock
New
For Sale
$2,000,000
2435 South Stone Mountain Lithonia Road, Lithonia, GA 30058
M-1 zoning supports distribution, manufacturing, and logistics operations with regional access to I-20.
Property Size25,951 SF
Days on Market2
Property Features for 2435 South Stone Mountain Lithonia Road
General Information
Standard status
Active
Size
25,951 SF
Property subtype
Industrial - Warehouse/Distribution
Building Details
Building Size
25,951 SF
Year Built
1971
Listing Agency:
BellStreet
Listed By:
Cole Frieder · License #449292
(770) 876-4209
Source:
Commercialcafe
Added: Sep 1
Last Checked: Sep 1 at 9:39PM
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 BellStreet
Investment Insights
Based on property information with market context.
Located at 2435 South Stone Mountain Lithonia Road in Lithonia, Georgia, this 25,951-square-foot light industrial warehouse sits on approximately 1.7 acres. The 1971-built facility offers 18-foot ceilings, five dock-high loading doors measuring 10 feet by 10 feet, and a 12-foot by 12-foot drive-in door. M-1 Light Industrial zoning accommodates a broad range of industrial and commercial applications, including distribution, manufacturing, and logistics operations.
The property is positioned near I-20, with connectivity to the Atlanta metro area, Downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport, approximately 30 minutes away. Planned ownership improvements include parking-lot resealing, electrical and lighting updates, and roof enhancements. The configuration supports efficient loading, unloading, and vertical storage within an established industrial corridor.
The property is positioned near I-20, with connectivity to the Atlanta metro area, Downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport, approximately 30 minutes away. Planned ownership improvements include parking-lot resealing, electrical and lighting updates, and roof enhancements. The configuration supports efficient loading, unloading, and vertical storage within an established industrial corridor.
Key Highlights
- 25,951‑square‑foot warehouse on approximately 1.7 acres
- 18‑foot ceilings support vertical storage and racking
- Five 10' x 10' dock‑high doors plus one 12' x 12' drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,161,800
$3.2M
Cap Rate 7%
$2,258,429
$2.3M
Cap Rate 9%
$1,756,556
$1.8M
Market Conditions
NOI Build-Up for 25,951 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$246.0K $9.48/SF
− Vacancy
−$20.2K −$0.78/SF
EGI
$225.8K $8.70/SF
− OpEx
−$67.8K −$2.61/SF
NOI
$158.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,161,800
Cap Rate 7%
$2,258,429
Cap Rate 9%
$1,756,556
Alternative Uses
Best Use
Warehouse
$2.72M
$2.38M – $3.18M
NOI $190,502 @ 7.0% cap · market cap 9.53%
Second Best
Industrial
$2.26M
$1.98M – $2.63M
NOI $158,090 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$7.25M
$6.35M – $8.46M
NOI $507,801 @ 7.0% cap · market cap 25.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Speedy Recovery Services, Inc. — 6905 Chapman Rd, Lithonia, GA 30058
- Earls storage yard — 1783 Lithonia Industrial Blvd, Lithonia, GA 30058
Frequently Asked Questions
What type of property is this?
Warehouse - M-1 zoning supports distribution, manufacturing, and logistics operations with regional access to I-20.
Where is this warehouse located?
The property is located at 2435 South Stone Mountain Lithonia Road 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: 25,951‑square‑foot warehouse on approximately 1.7 acres; 18‑foot ceilings support vertical storage and racking; Five 10' x 10' dock‑high doors plus one 12' x 12' drive‑in door
