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    1771 Lee Rd, Unit 1 Lithia Springs, GA 30122-3071

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    1771 Lee Rd, Unit 1 Lithia Springs, GA 30122-3071

    View on Map
    • Strip malls
    • 4,800 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Sep 21, 2022
    $500,000
    Property ID
    US22-0468232
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atlanta West Orthodontic Care / Dental Office
    • Pio’s Cleaners / (Bike/Boat/Book/etc) Store
    • Mark Justice / Dental Office

    Property Details for 1771 Lee Rd

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    4,800 SF
    Zone code
    C-G
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0848-18-2- -00019
    APU
    84818200019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lithia Springs
    County
    Douglas
    State
    Georgia
    Longitude
    -84.6524
    Latitude
    33.7575
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,806
    $30,360
    $183,640
    $214,000
    -
    $75,900
    $459,100
    $535,000

    Comparable in this City

    • Value Estimation by Request
      4,412 SF

      1777 Lee Rd, Unit I

      SHOPPING CENTER, STRIP CENTER • 4,412 SF
      1777 Lee Rd, Lithia Springs, GA 30122-3073
      View Details
    • Value Estimation by Request
      8,040 SF

      6945 Sweetwater Rd

      SHOPPING CENTER, STRIP CENTER • 8,040 SF
      6945 Sweetwater Rd, Lithia Springs, GA 30122-2465
      View Details
    • Value Estimation by Request
      4,080 SF

      865 Thornton Rd

      SHOPPING CENTER, STRIP CENTER • 4,080 SF
      865 Thornton Rd, Lithia Springs, GA 30122-2607
      View Details
    • Value Estimation by Request
      6,260 SF

      Hwy 92nd Fairburn Rd Rd

      SHOPPING CENTER, STRIP CENTER • 6,260 SF
      Hwy 92nd Fairburn Rd Rd, Lithia Springs, GA 30122
      View Details
    • Value Estimation
      $845,000
      7,500 SF

      6971 Sweetwater Rd

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      6971 Sweetwater Rd, Lithia Springs, GA 30122-2409
      View Details
    • Value Estimation by Request
      10,000 SF

      10415 Veterans Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      10415 Veterans Memorial Hwy, Lithia Springs, GA 30122-2050
      View Details

    Similar Nearby for Sale

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      High-traffic location suitable for retail, office, or medical ventures.
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      Prime Commercial Land Opportunity

      High-traffic land near I-20, ideal for various business ventures.
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    • $400,000
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      Commercial property with flexible layout and ample parking.
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      Established Liquor Store Investment Opportunity

      Profitable liquor store with strong sales and growth potential.
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      18,785 SF

      Remodeled Retail Building on Thornton Road

      Renovated retail building with strong fundamentals and excellent visibility.
      615 Thornton Rd, Lithia Springs, GA 30122
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      611 Thornton Rd, Lithia Springs, GA 30122

      Gas stations
      611 Thornton Rd, Lithia Springs, GA 30122
      View Details

    Similar Nearby for Lease

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      1,700 SF

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      1,700 SF retail space in high-traffic area near I-20.
      865 Thornton Rd, Lithia Springs, GA 30122
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      395,750 SF

      Spacious Lithia Springs Warehouse

      395,750 SF warehouse space available for lease.
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      199,505 SF

      Lithia Springs Warehouse Space

      199,505 square foot warehouse space available for lease.
      750 Maxham Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      85,133 SF

      Industrial Space in Lithia Springs

      85,133 SF industrial space available for lease.
      2223 Thornton Rd, Lithia Springs, GA 30122
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    • $2,000 /Mo

      Freestanding Commercial House in Lithia

      2,400 SF commercial house for lease in Lithia Springs.
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    • Contact for pricing

      Warehouse Space in Douglas County

      14,974 SF available for sublease, convenient highway access.
      1701 Westfork Dr, Lithia Springs, GA 30122
      View Details
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    Lithia Springs, GA 30122-3071
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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