Property profile

2348 Panola Rd Lithonia, GA 30058

OFF-MARKET
Retail space
Property ID
US22-0544596
6,297 SF 1.36 ac lot Built 2015
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2015
Total area 6,297 SF
Lot 1.36 ac (59,242 SF)
Zoning code C1
APN 16 058 02 012
UPID US22-0544596

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Pharmacy
  • Postal Service Courier Service

Location

2348 Panola Rd Lithonia, GA 30058-5402
Lithonia metro Census 23319 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.37M
Comparable Approach Comparable
$639k
Blend (final) Blend
$385k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2016
Price N/A
2014
Price N/A
2013
$68,000
2013
Price N/A
2013
$10,000
2010
$2,588

Zoning & alternative use

C1 · Lithonia, GA
Zoning description

The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.4M +28.8%
Apartment house (5+ units) $1.3M +26.1%
Neighborhood: shopping center $1.2M +12.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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