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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Strip malls
2853 Panola Rd Lithonia, GA 30058-4844
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4099437
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Construction
WOOD FRAME
Total area
8,548 SF
Lot
1.9 ac (82,764 SF)
Zoning code
OI
APN
16 041 03 007
UPID
US22-4099437
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
-
Elect Mike Thurmond Dental Office
-
It's The Rib Tips Restaurant
-
BANGZ & TANGLEZ HAIR SALON Hair Salon Nail Salon
-
This Is It! Southern Kitchen & Bar-B-Q Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Georgia State Dept Of Transportatio · 1 yrs held
Georgia State Dept Of Transportatio
since 2025
7 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
Top alternative use upside
Auto repair, garage
$1.8M
+14.4%
Apartment house (5+ units)
$1.8M
+12.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Current use
AUTO REPAIR, GARAGE
$1,840,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,805,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$1,605,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,485,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$1,430,000
Change: -11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,375,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$134 / 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
$23,400
Tax year 2024
Assessed value
$530,560
Assessed 2024
Previous assessed
$530,560
+0.0% YoY
Effective rate
4.41%
On assessed value
Assessed land
$313,030
Assessed improvement
$217,530
Land market value
$782,576
Improvement market value
$543,824
Total market value
$1,326,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
8,548 SF
Lot
1.9 ac (82,764 SF)
Zoning code
OI
APN
16 041 03 007
UPID
US22-4099437
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2010
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Georgia State Dept Of Transportatio
Entity
Mailing address
180 BAYBERRY RUN, FAYETTEVILLE, GA 30214-5202
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
Jan 8, 2025
—
Georgia State Dept Of Transportatio
Gwendolyn L Torrence
Quitclaim Deed
related
—
May 20, 2009
$575,000
Anthonys Dirt Panola LLC
Branch,banking Trust C
Grant Deed
$373,750 · Brookhaven Bank
Feb 5, 2008
—
Branch Banking And Trust Co
Capitol City Bank Trust Co
Grant Deed
related
—
Oct 2, 2007
$172,000
Captiol City Bank Trust Co
Millennium Ventures Invest
Grant Deed
related
—
Sep 4, 2007
—
Branch Banking And Trust Co
Millennium Ventures Invest
Grant Deed
related
—
—
—
Cest Bon Cajun Restaurant
—
Deed Of Trust
related
$95,000 · Fulton County
—
—
Anthonys Dirt Panola LLC
—
Deed Of Trust
related
$1,935,900 · Brookhaven Bank
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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