33,900 SF Industrial
For Sale
Contact for pricing
1870 S Stone Mountain Lithonia Rd, Lithonia, GA 30058
33,900 SF warehouse with I-20 access.
Property Size33,900 SF
Price / SF$81.12
Days on Market679
Property Features for 1870 S Stone Mountain Lithonia Rd
General Information
Standard status
Active
Size
33,900 SF
Property subtype
Industrial
Zoning
M
Listing Agency:
Apex Industrial Real Estate Advisors
Listed By:
Rece Moore · License #435253
Source:
Crexi
Added: Oct 7, 2024
Changed: Aug 16
Last Checked: Aug 16 at 9:31AM
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 Apex Industrial Real Estate Advisors
Investment Insights
Based on property information with market context.
This property features a total size of approximately 33,900 square feet, including 1,680 square feet of office space and 27,280 square feet of warehouse space. The warehouse has a clear height of 20 feet and is equipped with three dock-high doors and one drive-in door for loading. It offers direct access to I-20.
Key Highlights
- Direct access to I‑20
- 27,280 SF Warehouse
- Features Three (3) Dock High Doors
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
$248,854
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
9.05%
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%
$4,977,080
$5.0M
Cap Rate 7%
$3,555,057
$3.6M
Cap Rate 9%
$2,765,044
$2.8M
Market Conditions
NOI Build-Up for 33,900 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
$321.4K $9.48/SF
− Vacancy
−$28.6K −$0.84/SF
EGI
$292.8K $8.64/SF
− OpEx
−$43.9K −$1.30/SF
NOI
$248.9K $7.34/SF
Area
DeKalb County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$4,977,080
Cap Rate 7%
$3,555,057
Cap Rate 9%
$2,765,044
Alternative Uses
Best Use
Warehouse
$3.56M
$3.11M – $4.15M
NOI $248,854 @ 7.0% cap · market cap 9.05%
Second Best
Industrial
$2.95M
$2.58M – $3.44M
NOI $206,514 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$9.48M
$8.29M – $11.06M
NOI $663,344 @ 7.0% cap · market cap 24.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
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.
Frequently Asked Questions
What type of property is this?
Warehouse - 33,900 SF warehouse with I-20 access.
Where is this warehouse located?
The property is located at 1870 S Stone Mountain Lithonia Rd Lithonia, GA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Direct access to I‑20; 27,280 SF Warehouse; Features **Three (3) Dock High Doors**
