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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Grocery and convenience stores
1115 Rock Chapel Rd Lithonia, GA 30058-6703
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1275564
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2008
Total area
6,272 SF
Lot
1.94 ac (84,594 SF)
Zoning code
C1
APN
16 191 01 058
UPID
US22-1275564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chevron Grocery & Convenience Store
-
D Tropical Food Market Grocery & Convenience Store Food Market
-
FavourFoods Catering and Barbeque Take-out & Catering Catering Service
-
ATM (ATM Link, Inc.) Atm
-
Ly's African Hair Braiding Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Rabiq LLC · 6 yrs held
Rabiq LLC
since 2019
7 recorded transactions
Zoning & alternative use
C1 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+14.4%
Apartment house (5+ units)
$1.3M
+12.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lithonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithonia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,680,000
6.5%
$1,550,000
7%
$1,440,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,180,000
Current use
AUTO REPAIR, GARAGE
$1,350,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,325,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$1,180,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,090,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$1,050,000
Change: -11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,010,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$186 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,915
Tax year 2024
Assessed value
$633,320
Assessed 2024
Previous assessed
$633,320
+0.0% YoY
Effective rate
4.57%
On assessed value
Assessed land
$183,663
Assessed improvement
$449,657
Land market value
$459,157
Improvement market value
$1,124,143
Total market value
$1,583,300
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
6,272 SF
Lot
1.94 ac (84,594 SF)
Zoning code
C1
APN
16 191 01 058
UPID
US22-1275564
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Lithonia, GA
Zoning C1 · permitted uses
C1 · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Rabiq LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4500 HUGH HOWELL RD STE #650, TUCKER, GA 30084-4701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2020
—
Rabiq LLC
—
Deed
related
$2,450,000 · Fifth Third Bank
Dec 20, 2019
$1,000,000
Rabiq LLC
Multi Investments LLC
Grant Deed
—
Dec 20, 2019
—
Rabiq LLC
Multi Investments LLC
Quit Claim Deed
related
—
Jul 8, 2016
—
Multi Investments LLC
—
Deed
related
—
Feb 11, 2004
$260,000
Multi Investment LLC
Chester,christopher L
Warranty Deed
—
—
—
Multi Investments LLC
—
Deed Of Trust
related
$1,150,000 · First America Bk/rockford
—
—
Multi Investments LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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