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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Warehouses
2374 Stone Mtn Lithonia Rd Lithonia, GA 30058-5266
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1750370
Property summary
AI-generated overview
This single-story, 32,000-square-foot industrial property in DeKalb County offers exceptional flexibility for various business needs. Built in 1977, the Class C building features a 16-foot ceiling height, ideal for warehousing or manufacturing operations. Multiple tenancy options are available, with spaces ranging from a minimum of 2,050 square feet to a maximum contiguous space of 4,100 square feet. The property boasts ample access for loading and unloading, including 20 dock-high doors and 20 drive-in doors. Conveniently located, this property provides easy access to major transportation arteries, including I-285 and Highway 78, ensuring efficient logistics and distribution. With 30 total parking spaces, the property offers sufficient parking for employees and visitors. The property's versatile layout and strategic location make it an excellent choice for businesses seeking a functional and accessible industrial space in a thriving area. This is a rare opportunity to secure space in a well-maintained building with significant potential. Contact us to discuss your specific needs and available space options.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
32,000 SF
Lot
5.35 ac (233,046 SF)
Zoning code
M
APN
16 133 01 013
UPID
US22-1750370
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
-
Get Fine Fitness Gym & Fitness Center
-
Battery Systems Services Inc. Auto Parts Store
-
All Things Recycled Recycling Center Waste Management Facility
-
Floors With Dimension Inc Carpet & Flooring Store Hardware & Home Improvement
-
Impulse Motor Sports Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
$3.62M
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$3.26M
Owner & transaction history
Atl Ci I 20 10 LLC · 1 yrs held
Atl Ci I 20 10 LLC
since 2025
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
M · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+125.7%
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
$3,480,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
$3,915,000
6.5%
$3,615,000
7%
$3,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,370,000
Current use
RETAIL STORES
$5,355,000
Change: +126% · Conversion: Moderate
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±10% · vs last sale $3.13M (Oct 26 2021)
Last sale anchor
$3.13M
Oct 26 2021
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
$102 / 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
$63,053
Tax year 2024
Assessed value
$1,281,920
Assessed 2024
Previous assessed
$1,281,920
+0.0% YoY
Effective rate
4.92%
On assessed value
Assessed land
$89,734
Assessed improvement
$1,192,186
Land market value
$224,336
Improvement market value
$2,980,464
Total market value
$3,204,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
2
Stories
1
Total area
32,000 SF
Lot
5.35 ac (233,046 SF)
Zoning code
M
APN
16 133 01 013
UPID
US22-1750370
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
RETAIL STORES
Est. value
$5.4M
WAREHOUSE, STORAGE Current
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
1972
Heating
NONE
Stories
1
Buildings
2
Lot
5.35 ac
Current owner
From public records · entity-resolved
Atl Ci I 20 10 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
930 MANHATTAN BCH BLVDB, MANHATTAN BEACH, CA 90266-5120
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
$5,700,945
Atl Ci I 20 10 LLC
Ci Growth 212 LLC
Deed
—
Oct 26, 2021
$3,128,291
Ci Growth 212 LLC
Ronald P Ashley
Limited Warranty Deed
—
Oct 25, 2021
$549,565
Ci Growth 212 LLC
Jerry M Andes
Limited Warranty Deed
—
Oct 8, 2009
—
Obrien,kimberly J Tr
Obrien,kimberly J
Quit Claim Deed
related
—
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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