Bank Branch Freestanding Corner
For Sale
$1,700,000
8217 Mall Parkway, Lithonia, GA 30038
COMMERCIAL - Lithonia, GA
Property Size4,233 SF
Lot Size1.10 Acres
Price / SF$401.61
Days on Market65
Property Features for 8217 Mall Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
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
Listed By:
Lou Dempsey · License #4921
(706) 291-0747
Added: Jun 29
Changed: Aug 4
Last Checked: Sep 1 at 3:06PM
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
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 Retail 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?
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
