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Property profile & analytics
OFF-MARKET
Estimated value
$17,500,000
Garden apartment buildings
2795 Evans Ml Rd Lithonia, GA 30058-7416
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1298251
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Total area
8,468 SF
Lot
24.04 ac (1,047,182 SF)
Zoning code
RM75
APN
16 137 04 007
UPID
US22-1298251
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
-
Envy Hair International Hair Salon
-
Stonecrest Mill Apartment Homes Apartment Building Apartment Complex
-
Oaks of Stonecrest Hotel & Motel
-
Carter Travel packing Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.49M
Blend (final)
Blend
$17.50M
Owner & transaction history
Stonecrest Investment Group LLC · 1 yrs held
Stonecrest Investment Group LLC
since 2024
Last sale
$17.5M
7 recorded transactions
Zoning & alternative use
RM75 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the mayor and city council in establishing the RM-75 (MMultifamily Residential) District is to provide for the development of multifamily neighborhoods within the city at a density of eighteen (18) units per acre where so designated on the comprehensive plan.
Zone name
Multi Family Residential
General category
RESIDENTIAL
Zone area
37.70 ac
Source
Realmo
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
$17,500,000
ML approach
$17,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.50M
Range $15.75M – $19.25M · ±10% · vs last sale $17.50M (Oct 17 2024)
Last sale anchor
$17.50M
Oct 17 2024
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
$2,067 / 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
$352,903
Tax year 2024
Assessed value
$17,593,880
Assessed 2024
Previous assessed
$7,600,000
+131.5% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,801,160
Assessed improvement
$15,792,720
Land market value
$4,502,900
Improvement market value
$39,481,800
Total market value
$43,984,700
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
YES
Buildings
43
Stories
2
Units
280
Total area
8,468 SF
Lot
24.04 ac (1,047,182 SF)
Zoning code
RM75
APN
16 137 04 007
UPID
US22-1298251
Jurisdiction
DE KALB
Zoning & alternative use
RM75 · Lithonia, GAZoning RM75 · permitted uses
RM75 · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the mayor and city council in establishing the RM-75 (MMultifamily Residential) District is to provide for the development of multifamily neighborhoods within the city at a density of eighteen (18) units per acre where so designated on the comprehensive plan.
Zone name
Multi Family Residential
General category
RESIDENTIAL
Zone area
37.70 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Cooling
Yes
Stories
2
Buildings
43
Units
280
Lot
24.04 ac
Current owner
From public records · entity-resolved
Stonecrest Investment Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4079 GOVERNOR DRPMB168, SAN DIEGO, CA 92122-2522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
Stonecrest Investment Group LLC
Elsners Superior Flooring INC
Quitclaim Deed
related
—
Sep 3, 2019
—
Mgl Realty Corp
Dms Oaks LLC
Quit Claim Deed
$13,100,000 · Berkadia Commercial Mortgage
Sep 3, 2019
$17,500,000
Stonecrest Investment Grp LLC
Dms Oaks LLC
Warranty Deed
—
May 24, 2017
$12,320,000
Dms Oaks LLC
Vcp Aw Stonecrest LLC
Correction Deed
—
May 4, 2017
—
Dms Oaks LLC
Vcp Aw Stonecrest LLC
Quit Claim Deed
related
—
May 4, 2017
$12,320,000
Dms Oaks LLC
Vcp Aw Stonecrest LLC
Grant Deed
—
Jun 9, 2016
$6,840,000
Vcp Aw Stonecrest LLC
Oaks At Stonecrest Apartments
Grant Deed
$6,191,000 · Arbor Realty SR
May 21, 2013
—
Oaks Of Stonecrest Apartments LLC
Dpr Oaks Stonecrest LLC
Quit Claim Deed
related
—
May 21, 2013
$6,860,000
Oaks Of Stonecrest Apartments LLC
Dpr Oaks LLC
Grant Deed
related
$5,000,000 · Arbor Realty SR INC
Jan 21, 2011
—
Dpr Oaks Stonecrest LLC
Bgwp Evans Mill LLC
Quit Claim Deed
related
—
Jan 21, 2011
$5,400,000
Dpr Oaks Stonecrest LLC
Bgwp Evans Mill LLC
Grant Deed
—
May 24, 2007
$1,000,000
Bgwp Evans Mill
Evans Mill Properties LP
Grant 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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