Technical
Financial
Distress signals
Property profile

2929 Turner Hl Rd Lithonia, GA 30038

OFF-MARKET
Super regional malls
Property ID
US22-1739367
340,000 SF 28.89 ac lot Built 2001
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2001
Total area 340,000 SF
Lot 28.89 ac (1,258,448 SF)
Zoning code C1
APN 16 170 01 002
UPID US22-1739367

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
  • Accounting Firm Tax Preparation
  • Restaurant Take-out & Catering
  • Physician
  • Mobile Phone Store Electronics & Wireless Store
  • Barber Shop

Location

2929 Turner Hl Rd Lithonia, GA 30038-2500
Lithonia metro Census 23440 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$5.26M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

C1 · Lithonia, GA
Zoning description

The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents

General category COMMERCIAL

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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