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

    2468 Panola Rd Lithonia, GA 30058

    • Commercial real estate
    • 12.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2215602
    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

    • Commercial real estate

    Property Details for 2468 Panola Rd

    Lot size
    12.10 lot acres
    Property type
    Commercial real estate
    APN
    16-057-02-010

    Description

    This exceptional 12.1-acre parcel in Lithonia, Georgia, presents a unique investment opportunity. Located on Panola Road, near the intersection of Dividend Drive, this partially wooded property boasts a tranquil setting adjacent to Smith's Lake and offers convenient access via a gated private driveway. Zoned R75, the land is ideally suited for a variety of commercial and residential developments, including multifamily residences or a 55+ community, as suggested by its proximity to a senior center and Miller Grove Park (less than 0.01 miles away). The property's strategic location provides excellent access to major thoroughfares such as I-20, I-285, and Covington Highway, ensuring easy commutes to downtown Atlanta and Hartsfield-Jackson Atlanta International Airport. Furthermore, the area offers abundant shopping, dining, and entertainment options, along with convenient access to hospitals and medical facilities. The property's proximity to Historic Stone Mountain adds to its appeal. Recent comparable sales in the area have exceeded $3 million, indicating strong market demand. The asking price is $2,250,000. The APN is 16-057-02-010. This is a cash or conventional financing opportunity. New photos showcasing the buildable land behind Smith's Lake are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.163506
    Latitude
    33.715744

    Comparable in this City

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      Lithonia Land: 32 Acres

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    • $250,000
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      Updated Townhome Near Stone Mountain

      Updated townhome near Stone Mountain Park and Arabia Mountain area.
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      Lithonia Townhome with Fenced Patio

      Well-maintained 4-bedroom townhome in established Lithonia community.
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    • $275,000
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      Park View Home in Lithonia

      Inviting 3-bedroom home in well-maintained Shadowrock Lakes neighborhood.
      663 Lakes Cir, Lithonia, GA 30058
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    • $182,000
      1,068 SF

      Lithonia Townhouse with Modern Upgrades

      2-bedroom, 2.5-bath townhouse in Lithonia with new HVAC and roof.
      2190 Wellington Cir, Lithonia, GA 30058
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    • $240,000
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      Lithonia, GA Single-Family Home

      Single-family home in Redan/Stonecrest with updated systems and growing equity.
      2275 Briar Knoll Rd, Lithonia, GA 30058
      View Details

    Similar Nearby for Sale

    • $2,560,000
      32.09 Acres

      Lithonia Land: 32 Acres

      Prime residential land, build your dream!
      1779 Stephenson Rd, Lithonia, GA 30058
      View Details
    • $246,000
      1,722 SF

      Lithonia Townhome with Fenced Patio

      Well-maintained 4-bedroom townhome in established Lithonia community.
      1362 Rogers Trce, Lithonia, GA 30058
      View Details
    • $275,000
      1,843 SF

      Park View Home in Lithonia

      Inviting 3-bedroom home in well-maintained Shadowrock Lakes neighborhood.
      663 Lakes Cir, Lithonia, GA 30058
      View Details
    • $182,000
      1,068 SF

      Lithonia Townhouse with Modern Upgrades

      2-bedroom, 2.5-bath townhouse in Lithonia with new HVAC and roof.
      2190 Wellington Cir, Lithonia, GA 30058
      View Details
    • $250,000
      1,418 SF

      Updated Townhome Near Stone Mountain

      Updated townhome near Stone Mountain Park and Arabia Mountain area.
      7129 Biltmore Way, Lithonia, GA 30058
      View Details
    • $240,000
      0.31 Acres

      Lithonia, GA Single-Family Home

      Single-family home in Redan/Stonecrest with updated systems and growing equity.
      2275 Briar Knoll Rd, Lithonia, GA 30058
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      5.5 AC Industrial Outdoor Storage

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      Industrial Building with Outside Storage

      7,831 SF industrial building with 2.2 AC outside storage.
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    • $5 SF/Yr
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      Lithonia Industrial Space Available

      Multi-use space, 120,000 sqft
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      View Details
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    2468 Panola Rd
    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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