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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Assisted living facilities
2816 Evans Ml Rd Lithonia, GA 30058-7440
Entity Owned
Free & Clear
Property ID
US22-1168802
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1978
Total area
38,438 SF
Lot
5.77 ac (251,341 SF)
Zoning code
OI
APN
16 138 02 021
UPID
US22-1168802
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
-
Traditions Health & Rehabilitation Nursing Home
-
Starcrest of Lithonia Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$855k
Owner & transaction history
Lithonia Healthcare Properties INC
Lithonia Healthcare Properties INC
since 2025
4 recorded transactions
Zoning & alternative use
OI · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the mayor and city council in establishing the O-I (OfficeInstitution) District is to provide convenient areas within the city for the location of office and institutional uses which are necessary for the residents and business and professional practitioners within the city
Zone name
Office Institution
General category
CIVIC_INSTITUTIONAL
Zone area
61.81 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
by Request
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$790,000
Current use
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
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
$22 / 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
$122,610
Tax year 2024
Assessed value
$2,669,480
Assessed 2024
Previous assessed
$2,669,480
+0.0% YoY
Effective rate
4.59%
On assessed value
Assessed land
$703,760
Assessed improvement
$1,965,720
Land market value
$1,759,400
Improvement market value
$4,914,300
Total market value
$6,673,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
38,438 SF
Lot
5.77 ac (251,341 SF)
Zoning code
OI
APN
16 138 02 021
UPID
US22-1168802
Jurisdiction
DE KALB
Zoning & alternative use
OI · Lithonia, GAZoning OI · permitted uses
OI · 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 O-I (OfficeInstitution) District is to provide convenient areas within the city for the location of office and institutional uses which are necessary for the residents and business and professional practitioners within the city
Zone name
Office Institution
General category
CIVIC_INSTITUTIONAL
Zone area
61.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$790,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1978
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.77 ac
Current owner
From public records · entity-resolved
Lithonia Healthcare Properties INC
Entity
Free & Clear · 0 yrs held
Mailing address
2816 EVANS ML RD, LITHONIA, GA 30058-7440
Mailing matches property
Yes
Owner-occupied
Yes
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
Dec 16, 2025
—
Lithonia Healthcare Properties INC
Lithonia Healthcare Properties INC
Quitclaim Deed
related
—
Dec 16, 2025
$12,700,000
Lithonia Healthcare Properties INC
Health Systems Real Estate INC
Warranty Deed
$59,816 · Berkadia Commercial Mortgage
Jul 9, 2024
—
Health Systems Real Estate INC
Central Georgia Joint Development A
Quit Claim Deed
related
—
Aug 16, 2005
—
Central Ga Joint Development Aut
Health Systems Real Estate INC
Warranty Deed
$13,000,000 · Bank Of Oklahoma
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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