Property profile

2881 Fairington Pkwy Lithonia, GA 30038

OFF-MARKET
Garden apartment buildings
Property ID
US22-1946086
7,106 SF 20.1 ac lot Built 1972
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1972
Total area 7,106 SF
Lot 20.1 ac (875,556 SF)
Zoning code RM100
APN 16 055 01 008
UPID US22-1946086

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2881 Fairington Pkwy Lithonia, GA 30038
Lithonia metro Census 23430 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$23.64M

Owner & transaction history

since 2021
Last sale
$22.5M
7 recorded transactions
2021
$29.8M
2018
Price N/A
2018
$15.7M
2015
Price N/A
2015
$11.5M
2012
$4,200
2011
$860,000

Zoning & alternative use

RM100 · Lithonia, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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