Office Building with Reception
7446 Covington Highway, Lithonia, GA 30058
For Sale
$925,000
Commercial Sale, Lithonia, GA
Property Size6,238 SF
Lot Size2.80 Acres
Price / SF$148.28
Days on Market93
Property Features for 7446 Covington Highway
General Information
Property type
Property subtype
Zoning
Parking
Interior features
Lot features
Directions
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Century 21 Connect Realty · Century 21 Real Estate
(770) 640-6800
Listed By:
QUINN GREEN
(770) 217-1008
Added: Aug 11
Changed: Nov 4
Last Checked: Nov 11 at 1:06PM
MLS# 7810460
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.
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Investment Insights
Based on property information with market context.
This 6,238-square-foot office building occupies 2.8 acres at 7446 Covington Highway in Lithonia. Built in 2007, the property includes a reception area, restrooms, and ceilings measuring 10 feet or greater. Interior finishes include carpet and vinyl flooring, while metal siding and a metal roof complete the exterior construction.
The property is located along Covington Highway in Lithonia, Georgia, with cable availability and a heating and cooling package that includes zoned forced-air heat, electric heat pump equipment, and central air conditioning. C1 zoning supports its commercial positioning, and the existing layout has been identified as a candidate for medical office conversion.
The property is located along Covington Highway in Lithonia, Georgia, with cable availability and a heating and cooling package that includes zoned forced-air heat, electric heat pump equipment, and central air conditioning. C1 zoning supports its commercial positioning, and the existing layout has been identified as a candidate for medical office conversion.
Key Highlights
- 6,238‑square‑foot office building on 2.8 acres
- C1 zoning at 7446 Covington Highway, Lithonia, GA 30058
- Built in 2007 with 10 feet or greater ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,533
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,670,660
$1.7M
Cap Rate 7%
$1,193,329
$1.2M
Cap Rate 9%
$928,144
$928.1K
Market Conditions
NOI Build-Up for 6,238 SF
Gross rent
$148.9K $23.87/SF
− Vacancy
−$37.5K −$6.02/SF
EGI
$111.4K $17.85/SF
− OpEx
−$27.8K −$4.46/SF
NOI
$83.5K $13.39/SF
Area
DeKalb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,670,660
Cap Rate 7%
$1,193,329
Cap Rate 9%
$928,144
Alternative Uses
Best Use
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,445 @ 7.0% cap · market cap 9.78%
Second Best
Office B
$1.19M
$1.04M – $1.39M
NOI $83,533 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,063 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
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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
$221,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in DeKalb County, GA
Properties on Market for Office buildings in DeKalb County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C1-zoned office property with high ceilings, restrooms, and a mix of carpet and vinyl flooring.
Where is this office building located?
The property is located at 7446 Covington Highway Lithonia, GA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 6,238‑square‑foot office building on 2.8 acres; C1 zoning at 7446 Covington Highway, Lithonia, GA 30058; Built in 2007 with 10 feet or greater ceilings
