Freestanding Office Building with Corner
New
For Sale
$1,700,000
8217 Mall Parkway, Lithonia, GA 30038
C1-zoned office property with a flexible floor plan, surface parking, and multiple access points near Stonecrest Mall.
Property Size4,233 SF
Lot Size1.10 Acres
Price / SF$401.61
Days on Market5
Property Features for 8217 Mall Parkway
General Information
Standard status
Active
Size
4,233 SF
Lot size
1.10 Acres
Property subtype
Other
Zoning
C1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2001
Buildings
1
Building Size
4,233 SF
Listing Agency:
Dempsey Auction Company
(706) 291-0747
Listed By:
Lou Dempsey · License #4921
Source:
Commercialcafe
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 29 at 6:19AM
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 Dempsey Auction Company
Investment Insights
Based on property information with market context.
This freestanding office property contains approximately 4,233 square feet on a 1.1-acre corner site. Built in 2001, the building includes five private offices, a conference room, a lobby and reception area, two restrooms, storage, and mechanical rooms. Multiple access points and surface parking support continued professional or institutional use. The property is zoned C1 and has operated as a Bank of America branch.
The building is located at 8217 Mall Parkway, also identified as 3141 Turner Hill Road, at a signalized intersection in the Stonecrest Mall commercial corridor. The site is near The Mall at Stonecrest, national retailers, restaurants, and residential development, with convenient access to I-20 and metro Atlanta. Reported traffic is approximately 10,700 vehicles per day.
The property will be offered through a live and online auction. Closing is required within 30 days of the auction date, with a 10% down payment due on the day of sale.
The building is located at 8217 Mall Parkway, also identified as 3141 Turner Hill Road, at a signalized intersection in the Stonecrest Mall commercial corridor. The site is near The Mall at Stonecrest, national retailers, restaurants, and residential development, with convenient access to I-20 and metro Atlanta. Reported traffic is approximately 10,700 vehicles per day.
The property will be offered through a live and online auction. Closing is required within 30 days of the auction date, with a 10% down payment due on the day of sale.
Key Highlights
- Approximately 4,233± SF freestanding office building on a 1.1± acre corner lot
- Five private offices, conference room, lobby/reception area, two restrooms, storage, and mechanical rooms
- C1 zoning with multiple access points and surface parking
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
$68,026
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
4.00%
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%
$1,360,520
$1.4M
Cap Rate 7%
$971,800
$971.8K
Cap Rate 9%
$755,844
$755.8K
Market Conditions
NOI Build-Up for 4,233 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
$97.5K $23.04/SF
− Vacancy
−$6.8K −$1.61/SF
EGI
$90.7K $21.43/SF
− OpEx
−$22.7K −$5.36/SF
NOI
$68.0K $16.07/SF
Area
DeKalb County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,360,520
Cap Rate 7%
$971,800
Cap Rate 9%
$755,844
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
Explore this area
Business Placement
Demographics for 30038, GA
43,683
Population
17,061
Households
2.6
Avg Household Size
36
Median Age
33%
College-Educated
92%
High-School Grad
28.8 sq mi
ZIP Area
1,517
Density / Sq Mi
$70,860
Median Household Income
$41,153
Median Earnings
$1,535
Median Rent
$234,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C1-zoned office property with a flexible floor plan, surface parking, and multiple access points near Stonecrest Mall.
Where is this office building 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: Approximately 4,233± SF freestanding office building on a 1.1± acre corner lot; Five private offices, conference room, lobby/reception area, two restrooms, storage, and mechanical rooms; C1 zoning with multiple access points and surface parking
