Lithonia Warehouse on One
For Sale
Contact for pricing
2746 Evans Mill Rd, Lithonia, GA 30058
9,036 SF warehouse on 1 acre in Lithonia, GA.
Property Size9,036 SF
Lot Size1.00 Acre
Price / SF$82.89
Days on Market1032
Property Features for 2746 Evans Mill Rd
General Information
Standard status
Active
Size
9,036 SF
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
C1
Listing Agency:
King Industrial Realty Inc
Listed By:
Steve Ratchford · License #GA 114592
Source:
Crexi
Added: Oct 17, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:11AM
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 King Industrial Realty Inc
Investment Insights
Based on property information with market context.
This property features a metal building situated on a 1-acre lot in Lithonia, Georgia, located in DeKalb County. The building offers 9,036 square feet of space and is suitable for warehouse or industrial use.
Key Highlights
- Metal Building on 1 Acre
- Lithonia, GA Location in DeKalb County
- Commercial Potential
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
$66,332
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
8.86%
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%
$1,326,640
$1.3M
Cap Rate 7%
$947,600
$947.6K
Cap Rate 9%
$737,022
$737.0K
Market Conditions
NOI Build-Up for 9,036 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
$85.7K $9.48/SF
− Vacancy
−$7.6K −$0.84/SF
EGI
$78.0K $8.64/SF
− OpEx
−$11.7K −$1.30/SF
NOI
$66.3K $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%
$1,326,640
Cap Rate 7%
$947,600
Cap Rate 9%
$737,022
Alternative Uses
Best Use
Warehouse
$947.6K
$829.2K – $1.11M
NOI $66,332 @ 7.0% cap · market cap 8.86%
Second Best
Industrial
$786.4K
$688.1K – $917.4K
NOI $55,046 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,814 @ 7.0% cap · market cap 23.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
538
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.
Similar Off Market Nearby
- Self Storage — 2522 hollingsworth st, lithonia, ga 30058
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- Glitz Storage Facility — 7263 Center St, Lithonia, GA 30058
- Sam Self Storage Facility — 6941 Main St, Lithonia, GA 30058
Frequently Asked Questions
What type of property is this?
Warehouse - 9,036 SF warehouse on 1 acre in Lithonia, GA.
Where is this warehouse located?
The property is located at 2746 Evans Mill Rd Lithonia, GA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Metal Building on 1 Acre; Lithonia, GA Location in DeKalb County; Commercial Potential
