Property profile

2918 Turner Hl Rd Lithonia, GA 30038

OFF-MARKET
Retail space
Property ID
US22-1277195
49,026 SF 13.89 ac lot Built 2001
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail outparcel, situated on 0.72 acres at 2918 Turner Hill Road in Stonecrest, Georgia (zip code 30038), presents a unique investment opportunity within the Atlanta MSA. The property is classified as commercial retail with multiple tenancy potential. The total building square footage is currently listed as 1 square foot, indicating a potential for new construction or redevelopment. The expansive 0.72-acre lot provides ample space for a variety of retail uses. Its prime location on Turner Hill Road ensures high visibility and accessibility for potential customers. The property is located in DeKalb County, Georgia, offering access to a robust local market and strong infrastructure. This is an ideal site for entrepreneurs seeking to establish a new business or for investors looking to add a high-value asset to their portfolio. The property's size and location make it suitable for a range of retail concepts, from small shops to larger establishments. Further development plans can be tailored to meet specific business needs, maximizing the potential of this strategically positioned outparcel. The property's address is easily accessible and benefits from excellent visibility. This is a rare opportunity to acquire a well-situated retail property in a thriving market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Total area 49,026 SF
Lot 13.89 ac (605,136 SF)
Zoning code C2
APN 16 183 01 011
UPID US22-1277195

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Furniture & Home Goods Home Decor Store

Location

2918 Turner Hl Rd Lithonia, GA 30038-2526
Lithonia metro Census 23440 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.62M
CAP Approach CAP
$10.61M
Comparable Approach Comparable
$13.14M
Blend (final) Blend
$16.26M

Owner & transaction history

since 2022
Last sale
$16.8M
3 recorded transactions
2022
$16.8M
2019
Price N/A
2012
$2.3M

Zoning & alternative use

C2 · Lithonia, GA
Top alternative use upside
Restaurant $19.0M +131.6%
Auto repair, garage $10.6M +28.8%
Apartment house (5+ units) $10.3M +26.1%

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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