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    2929 Turner Hl Rd Lithonia, GA 30038-2500
    Property profile & analytics

    2929 Turner Hl Rd Lithonia, GA 30038-2500

    View on Map
    • Super regional malls
    • 340,000 SF
    • 28.89 lot acres
    Off-Market
    Last Sale Jun 30, 2022
    Property ID
    US22-1739367
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,255,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jackson Hewitt Tax Service / Accounting Firm / Tax Preparation
    • Chick-fil-A / Restaurant / Take-out & Catering
    • LensCrafters / Physician
    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Kenfolks / Barber Shop

    Property Details for 2929 Turner Hl Rd

    Year built
    2001
    Lot size
    28.89 lot acres
    Property size
    340,000 SF
    Zone code
    C1
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    16 170 01 002
    APU
    1617001002

    Description

    The Mall at Stonecrest presents an exceptional opportunity for retailers seeking high-visibility locations within a dynamic, master-planned community. This 1,200,000 square foot, two-level enclosed super-regional shopping mall offers 11 available spaces ranging from 610 to 50,000 square feet, all currently vacant. Located in DeKalb County, Georgia, at 2929 Turner Hill Rd, Stonecrest, GA 30038, this property benefits from its strategic position within a 1,100-acre live-work-play community, encompassing office spaces, residential areas, entertainment venues, hotels, power centers, and restaurants. Its convenient location, just 20 miles east of Atlanta with easy access to I-20, makes it an ideal destination for both local shoppers and travelers. The Mall at Stonecrest is the newest shopping center within a 20-mile radius, attracting customers from Augusta, Georgia, and South Carolina, who are often en route to nearby attractions such as Stone Mountain Park. This vibrant, culturally diverse area in DeKalb County, the third largest county in Georgia, offers significant potential for retail growth and success. The property's substantial size and prime location provide an unparalleled opportunity to establish a strong retail presence in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.0965
    Latitude
    33.6983
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $828,489
    $3,687,885
    $13,873,472
    $17,561,357
    -
    $9,219,712
    $34,683,680
    $43,903,392

    Comparable in this City

    • Value Estimation
      $3,145,000
      130,650 SF

      2994 Turner Hl Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 130,650 SF
      2994 Turner Hl Rd, Lithonia, GA 30038-2526
      View Details
    • Value Estimation
      $1,190,000
      8,440 SF

      7331 Stonecrest Concourse

      SHOPPING CENTER, STRIP CENTER • 8,440 SF
      7331 Stonecrest Concourse, Lithonia, GA 30038-6912
      View Details
    • Value Estimation
      $900,000
      7,360 SF

      3275 Snapfinger Rd

      SHOPPING CENTER, STRIP CENTER • 7,360 SF
      3275 Snapfinger Rd, Lithonia, GA 30038-2676
      View Details
    • Value Estimation
      $11,365,000
      138,777 SF

      5375 Fairington Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 138,777 SF
      5375 Fairington Rd, Lithonia, GA 30038-1176
      View Details
    • Value Estimation
      $4,975,000
      32,200 SF

      8200 Mall Pkwy

      SHOPPING CENTER, STRIP CENTER • 32,200 SF
      8200 Mall Pkwy, Lithonia, GA 30038-6983
      View Details
    • Value Estimation
      $1,620,000
      11,570 SF

      2984 Panola Rd

      SHOPPING CENTER, STRIP CENTER • 11,570 SF
      2984 Panola Rd, Lithonia, GA 30038-2372
      View Details

    Similar Nearby for Sale

    • $2,300,000
      2,356 SF

      Turn-Key Auto Repair Business Opportunity

      Auto repair shop with land, business, and inventory included.
      3849 Panola Rd, Lithonia, GA 30038
      View Details
    • $1,300,000

      Freestanding Building in Stonecrest, GA

      High-visibility 4,233 SF building suitable for various uses.
      8217 Mall Pkwy, Lithonia, GA 30038
      View Details
    • $1,199,900

      Stonecrest Commercial Property For Sale

      Commercial property in Stonecrest's retail corridor, near The Mall.
      7322 Stonecrest Concourse, Lithonia, GA 30038
      View Details
    • Contact for pricing
      0.34 Acres

      Residential Lot in Hunter's Hills

      Unimproved 0.34-acre residential lot in established Lithonia subdivision.
      5660 Fox Hound Trl, Lithonia, GA 30038
      View Details
    • $1,249,000
      15.00 Acres

      Lithonia Land Development Opportunity

      14.7 acres suitable for tiny/micro-home development in Lithonia, Georgia.
      3852 Panola Rd, Lithonia, GA 30038
      View Details
    • Contact for pricing
      0.10 Acres

      Cleared Corner Lot in Lithonia

      Cleared, level lot suitable for building a new home.
      5360 Tasman Trl, Lithonia, GA 30038
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,350 SF

      Retail Space in Busy Center

      1,350 SF retail space in high-traffic shopping center.
      3552 Panola Rd, Lithonia, GA 30038
      View Details
    • Contact for pricing
      32,050 SF

      Retail Space Near Mall at Stonecrest

      Retail space in Lithonia, adjacent to the Mall at Stonecrest.
      8100 Mall Pkwy, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Retail Space Near Stonecrest Mall

      Retail spaces for lease near Stonecrest Mall, Stonecrest, GA.
      8080 Mall Pkwy, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Land for Lease in Stonecrest

      Commercial land available for lease in Stonecrest, Georgia.
      2918 Turner Hill Rd, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Freestanding Retail Building in Lithonia

      Freestanding retail building available for rent in Lithonia, Georgia.
      3001 Stonecrest Promenade, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,200 square feet.
      6768 Browns Mill Rd, Lithonia, GA 30038
      View Details
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    Lithonia, GA 30038-2500
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2929 Turner Hl Rd, Lithonia, GA, 30038
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