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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2230 Lithonia Industrial Blvd Lithonia, GA 30058

    • Life science properties
    • 14,442 SF
    • 2.48 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    Apr 16, 2024
    $650,000
    Value Estimations
    $650,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0697609
    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.

    Current Use by Public Records

    • God's Faith Pavilion / Church
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Faithful General Construction Co / Plumbing Service / General Contractor

    Property Details for 2230 Lithonia Industrial Blvd

    Year built
    1970
    Construction
    WOOD FRAME
    Lot size
    2.48 lot acres
    Property size
    14,442 SF
    Zone code
    M
    Property type
    Life science properties
    APN
    16 122 02 004
    APU
    1612202004

    Description

    This 14,442-square-foot warehouse, located at 2230 Lithonia Industrial Blvd in Lithonia, Georgia (zip code 30058), presents a significant opportunity for industrial businesses. The property sits on a 2.7-acre lot and is classified as a Class C building, constructed in 1970. The warehouse features a single tenancy, with the entire space currently vacant and ready for immediate occupancy. Ceiling heights range from 14 to 18 feet, providing ample vertical space for storage or operations. Access is facilitated by one dock-high door and one drive-in door, ensuring efficient loading and unloading. The property is zoned M-1, suitable for a variety of industrial uses. DeKalb County's strategic location within the greater Atlanta metropolitan area offers excellent access to transportation networks and a robust workforce. This single-tenant warehouse provides a cost-effective solution for businesses seeking a functional and well-located space to expand their operations. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,020,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1187
    Latitude
    33.7196
    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
    2024
    $1,860
    $64,600
    $343,480
    $408,080
    -
    $161,500
    $858,700
    $1,020,200

    Comparable in this City

    • Value Estimation by Request
      25,070 SF

      7216 Maddox Rd

      Life science properties • 25,070 SF
      7216 Maddox Rd, Lithonia, GA 30058
      View Details
    • Value Estimation by Request
      4,065 SF

      2438 Turner Hl Rd

      R&D FACILITY, LABS, PHARMA • 4,065 SF
      2438 Turner Hl Rd, Lithonia, GA 30058
      View Details
    • Value Estimation by Request
      4,185 SF

      7261 Ctr St

      WAREHOUSE, STORAGE • 4,185 SF
      7261 Ctr St, Lithonia, GA 30058
      View Details
    • Value Estimation
      $4,650,000
      26,800 SF

      6863 Chapman Rd

      MANUFACTURING (LIGHT) • 26,800 SF
      6863 Chapman Rd, Lithonia, GA 30058-5211
      View Details
    • Value Estimation by Request
      768 SF

      7132 Maddox Rd

      WAREHOUSE, STORAGE • 768 SF
      7132 Maddox Rd, Lithonia, GA 30058
      View Details
    • Value Estimation by Request
      10,350 SF

      6231 Hillandale Dr

      MINI-WAREHOUSE, STORAGE • 10,350 SF
      6231 Hillandale Dr, Lithonia, GA 30058-4759
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      74,105 SF

      Renovated Industrial Building with Crane

      74,105 SF industrial building renovated in 2022, crane, outside storage.
      2101 Randall Rd, Lithonia, GA 30058
      View Details
    • $400,000
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      Stonecrest Outparcel Development Site

      1.15-Acre Commercial Land, High Visibility
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    • $805,000
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      Lithonia Warehouse: $805,000

      Spacious Warehouse, Ideal Location
      2746 Evans Mill Rd, Lithonia, GA 30058
      View Details
    • $3,500,000
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      Lithonia Mini Mall Investment

      High-yield, multi-tenant industrial flex space.
      7173 Covington Hwy, Lithonia, GA 30058
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    • $3,550,000
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      Lithonia Warehouse: Prime Industrial Space

      33,900 SF Warehouse, I-20 Access
      1870 Stone Mountain Lithonia Rd, Lithonia, GA 30058
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    • $3,000,000
      0.20 Acres

      Lithonia Industrial Property - $3M

      Established Auto Shop, High Visibility, Two Buildings
      7018 Max Cleland Blvd, Lithonia, GA 30058
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      120,000 SF

      Lithonia Industrial Space Available

      Multi-use space, 120,000 sqft
      6480 Chupp Rd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      32,000 SF

      Stone Mountain Industrial Space

      Versatile Manufacturing/Warehouse Space Available
      2374 Stone Mountain Lithonia Rd, Lithonia, GA 30058
      View Details
    • $9 SF/Yr
      14,442 SF

      Lithonia Warehouse: 14,442 SF

      Spacious DeKalb County warehouse available.
      2230 Lithonia Industrial Blvd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      7,831 SF

      Industrial Property with Outside Storage

      Industrial building with outside storage and fenced yard for lease.
      2219 Lithonia Industrial Blvd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      8,000 SF

      Lithonia Warehouse with Storage Space

      Warehouse with shop, office, and large outside storage area.
      6520 Marbut Rd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      16,000 SF

      Snapfinger Warehouse: 5,000 SF Available

      Prime I-20 East industrial space. Multiple tenants welcome.
      6450 Old Hillandale Dr, Lithonia, GA 30058
      View Details
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    Lithonia, GA 30058
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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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