Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$14,665,000
Manufacturing properties
2165 Lithonia Industrial Blvd Lithonia, GA 30058-5219
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1650458
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
WOOD FRAME
Total area
99,576 SF
Lot
5 ac (217,800 SF)
Zoning code
M
APN
16 122 01 004
UPID
US22-1650458
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
-
Griffith Foods Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.33M
Comparable Approach
Comparable
$18.29M
Blend (final)
Blend
$14.67M
Owner & transaction history
Lib LLC · 20 yrs held
Lib LLC
since 2005
4 recorded transactions
Zoning & alternative use
M · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.5M
+34.1%
Apartment house (5+ units)
$21.0M
+31.3%
Neighborhood: shopping center
$18.8M
+17.2%
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%
$10,110,000
6.5%
$9,330,000
7%
$8,665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,000,000
Current use
AUTO REPAIR, GARAGE
$21,455,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$21,000,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,755,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$18,705,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$17,310,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$16,655,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$14.67M
Range $13.20M – $16.13M · ±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
$147 / 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
$76,960
Tax year 2024
Assessed value
$1,613,172
Assessed 2024
Previous assessed
$1,613,172
+0.0% YoY
Effective rate
4.77%
On assessed value
Assessed land
$76,200
Assessed improvement
$1,536,972
Land market value
$190,500
Improvement market value
$3,842,430
Total market value
$4,032,930
Applied tax rate
80.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
99,576 SF
Lot
5 ac (217,800 SF)
Zoning code
M
APN
16 122 01 004
UPID
US22-1650458
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$21.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.8M
MEDICAL BUILDING
Est. value
$18.7M
OFFICE BUILDING
Est. value
$17.3M
RETAIL STORES
Est. value
$16.7M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1970
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Lib LLC
Entity
Free & Clear · 20 yrs held
Mailing address
3883 ROGERS BRG RD STE #602, DULUTH, GA 30097-2849
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2019
—
Lib LLC
—
Deed
related
$4,000,000 · Centerstate Bk NA
Aug 1, 2005
$965,000
Lib LLC
A Elmer JR Leeker Trust
Grant Deed
—
—
—
Lib LLC
—
Loan Modification
related
$4,000,000 · Centerstate Bk NA
—
—
Lib LLC
—
Deed Of Trust
related
$3,000,000 · Charter One Mortgage Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2165 Lithonia Industrial Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
