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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Commercial land
2800 Evans Ml Rd Lithonia, GA 30058-7440
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1131771
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
1,148 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C1
APN
16 137 05 015
UPID
US22-1131771
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Aj Royal Enterprises INC · 1 yrs held
Aj Royal Enterprises INC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C1 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,350,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.29M (Mar 19 2025)
Last sale anchor
$1.29M
Mar 19 2025
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
$1,115 / 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
$5,479
Tax year 2024
Assessed value
$99,520
Assessed 2024
Previous assessed
$99,520
+0.0% YoY
Effective rate
5.51%
On assessed value
Assessed land
$99,520
Land market value
$248,800
Total market value
$248,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Stories
1
Bathrooms
0
Total area
1,148 SF
Lot
1.02 ac (44,431 SF)
Zoning code
C1
APN
16 137 05 015
UPID
US22-1131771
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Lithonia, GA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Bathrooms
0
Lot
1.02 ac
Current owner
From public records · entity-resolved
Aj Royal Enterprises INC
Entity
Free & Clear · 1 yrs held
Mailing address
1961 LK ROCKAWAY RD NW, CONYERS, GA 30012-3421
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Aj Royal Enterprises INC
3r Greenwood INC
Quitclaim Deed
related
—
Mar 19, 2025
$1,286,376
Aj Royal Enterprises INC
3r Greenwood INC
Deed
$1,042,000 · Tandem Bank
Feb 1, 2019
—
3r Greenwood INC
—
Deed
related
$312,060 · Branch Bk&tr
Aug 5, 2004
—
Michael Mcclinton
Mcclinton,michael
Quit Claim Deed
related
—
Jul 1, 2004
—
Michael Mcclinton
Remdee Corp
Quit Claim Deed
related
$386,541 · Capitol City Bank & Trust
Jul 1, 2004
$375,000
Michael Mcclinton
Us Bk National Assn
Grant Deed
—
—
—
3r Greenwood INC
—
Deed Of Trust
related
$312,060 · Branch Bk&tr
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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