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Property profile & analytics
OFF-MARKET
Day care centers
1645 Redan E Lithonia, GA 30058-5393
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1493405
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2002
Total area
4,290 SF
Lot
1.43 ac (62,291 SF)
Zoning code
M
APN
16 101 03 032
UPID
US22-1493405
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
-
Cornerstone Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
G & K Covenant Properties LLC · 19 yrs held
G & K Covenant Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
M · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,653
Tax year 2024
Assessed value
$225,440
Assessed 2024
Previous assessed
$225,440
+0.0% YoY
Effective rate
4.73%
On assessed value
Assessed land
$66,680
Assessed improvement
$158,760
Land market value
$166,700
Improvement market value
$396,900
Total market value
$563,600
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
0
Total area
4,290 SF
Lot
1.43 ac (62,291 SF)
Zoning code
M
APN
16 101 03 032
UPID
US22-1493405
Jurisdiction
DE KALB
Zoning & alternative use
M · Lithonia, GA
Zoning M · permitted uses
M · 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.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
0
Lot
1.43 ac
Current owner
From public records · entity-resolved
G & K Covenant Properties LLC
Entity
Mailing address
4304 SANDSTONE SHRS DR, LITHONIA, GA 30038-3961
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
—
G & K Covenat Properties LLC
—
Deed
related
$443,000 · First Citizens Bank
Jun 25, 2020
—
G & K Covenant Properties LLC
—
Deed
related
$1,976,000 · Embassy National Bank
Dec 6, 2019
—
G & K Covenat Properties LLC
—
Deed
related
$478,000 · Embassy National Bank
May 15, 2019
—
G & K Covenant Properties LLC
—
Deed
related
$464,407 · Branch Bk&tr
Dec 1, 2016
—
G & K Covenant Properties LLC
—
Deed
related
$677,600 · Branch Bk&tr
Jul 12, 2007
$775,000
G & K Covenant Properties LLC
Patterson,j M & C M
Warranty Deed
$677,600 · Branch Bk&tr
Jul 5, 2007
$775,000
G K Covenant Properties LLC
Patterston,j M
Grant Deed
$677,600 · Branch Banking & Trust Co
—
—
Patterson C M
—
Deed Of Trust
related
$150,000 · Main Street Bank
—
—
G & K Covenant Properties LLC
—
Loan Modification
related
$464,407 · Branch Bk&tr
—
—
G & K Covenant Properties LLC
—
Loan Modification
related
$677,600 · Branch Bk&tr
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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