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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Outlet malls
2245 Rock Chapel Rd Lithonia, GA 30058-5132
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-1185258
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2019
Total area
9,100 SF
Lot
0.76 ac (33,106 SF)
Zoning code
M
APN
16 167 01 007
UPID
US22-1185258
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.47M
Owner & transaction history
Newburger Investments LLC · 1 yrs held
Newburger Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
M · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+28.8%
Apartment house (5+ units)
$1.9M
+26.1%
Neighborhood: shopping center
$1.7M
+12.6%
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%
$2,135,000
6.5%
$1,970,000
7%
$1,830,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,520,000
Current use
AUTO REPAIR, GARAGE
$1,960,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,920,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,715,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,710,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$1,580,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,460,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$161 / 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
$31,542
Tax year 2024
Assessed value
$709,786
Assessed 2024
Previous assessed
$709,786
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$113,566
Assessed improvement
$596,220
Land market value
$283,914
Improvement market value
$1,490,550
Total market value
$1,774,464
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Bathrooms
0
Total area
9,100 SF
Lot
0.76 ac (33,106 SF)
Zoning code
M
APN
16 167 01 007
UPID
US22-1185258
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
RETAIL STORES Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2019
Heating
NONE
Stories
1
Bathrooms
0
Lot
0.76 ac
Current owner
From public records · entity-resolved
Newburger Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2245 ROCK CHAPEL RD STE #300, LITHONIA, GA 30058-5132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
Newburger Investments LLC
Marital Deduction Trust Under The
Trust Deed
related
—
Sep 7, 2024
—
Alembik Family Holdings LLC
Judith M Alembik
Warranty Deed
—
Jul 23, 2021
—
David Andes
Rock Chapel Lithonia Dg LLC
Warranty Deed
—
Jul 23, 2021
$18,931
Judith M Alembik
David Andes
Warranty Deed
—
Sep 5, 2020
$19,000
Carolyn W Wilson
Rock Chapel Lithonia Dg LLC
Grant Deed
—
Jul 6, 2020
$4,800
Deduction Marital Trust
Rock Chapel Lithonia Dg LLC
Grant Deed
—
Jun 1, 2020
$1,774,500
Rock Chapel Lithonia Dg LLC
Sw East Lithonia LLC
Grant Deed
—
May 6, 2019
$293,100
Sw East Lithonia LLC
Edwards,agnes & Ronny
Grant Deed
—
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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