Bank Branch Freestanding Corner
8217 Mall Parkway Lithonia, GA 30038
8217 Mall Parkway, Lithonia, GA, 30038
$1,700,000
For Sale
$1,700,000
COMMERCIAL - Lithonia, GA
Property Size4,233 SF
Lot Size1.10 Acres
Price / SF$401.61
Days on Market20
Property Features for 8217 Mall Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 16 171 01 013
- Lot size
- 1.10 Acres
Building Details
- Year built
- 2001
Listing Agency
Dempsey Auction Company
(706) 291-0747
310 N 4th Ave, Rome, GA
Listed by
Lou Dempsey
(706) 291-0747
Added: Jun 29 Checked: Jul 18 at 12:06 am
MLS# 11858916
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A freestanding commercial building originally operated as a Bank of America branch, offering 4,233+/- square feet on a 1.1+/- acre corner lot. The interior includes five private offices, one conference room, a large lobby/reception area, two restrooms, plus storage and mechanical rooms. Multiple access points support flexible use for an owner-occupant or investor seeking an immediate commercial layout.
The property is positioned at a light-controlled intersection along a high-visibility commercial corridor near Stonecrest Mall, with convenient access to Interstate 20. The site is described as being within the Stonecrest, DeKalb County, Georgia retail and service area, and the offering notes approximately 10,700 vehicles per day.
The building is presented for auction, with C1 zoning noted in the remarks and the existing configuration referenced as suitable for financial services, professional office, medical, institutional, retail service, or redevelopment. The auction is scheduled as a live/simulcast event at The Exchange in Rome, GA, with terms including a 10% buyer’s premium, 10% down on the day of sale, and closing within 30 days of the auction date.
The property is positioned at a light-controlled intersection along a high-visibility commercial corridor near Stonecrest Mall, with convenient access to Interstate 20. The site is described as being within the Stonecrest, DeKalb County, Georgia retail and service area, and the offering notes approximately 10,700 vehicles per day.
The building is presented for auction, with C1 zoning noted in the remarks and the existing configuration referenced as suitable for financial services, professional office, medical, institutional, retail service, or redevelopment. The auction is scheduled as a live/simulcast event at The Exchange in Rome, GA, with terms including a 10% buyer’s premium, 10% down on the day of sale, and closing within 30 days of the auction date.
Key Highlights
- 4,233+/- SF freestanding commercial building (bank branch) on a 1.1+/- acre corner lot
- Year built 2001; located at 3141 Turner Hill Road, a.k.a. 8217 Mall Parkway, at the Stonecrest Mall commercial corridor
- Light‑controlled intersection at Turner Hill Road and Mall Parkway with multiple access points and ample surface parking
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.5k | $23.04 |
| − Vacancy | −$6.8k | −$1.61 |
| EGI | $90.7k | $21.43 |
| − OpEx | −$22.7k | −$5.36 |
| NOI | $68.0k | $16.07 |
4,233 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$971.8K
$850.3K – $1.13M
NOI $68,026 @ 7.0% cap · market cap 4.00%
Second Best
Retail
$850.6K
$744.2K – $992.3K
NOI $59,539 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,830 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding commercial building with a bank-branch layout and ample parking on a high-visibility corner lot.
Where is this bank located?
The property is located at 8217 Mall Parkway Lithonia, GA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,233+/- SF freestanding commercial building (bank branch) on a 1.1+/- acre corner lot; Year built 2001; located at 3141 Turner Hill Road, a.k.a. 8217 Mall Parkway, at the Stonecrest Mall commercial corridor; Light‑controlled intersection at Turner Hill Road and Mall Parkway with multiple access points and ample surface parking
