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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2930 Evans Ml Rd Lithonia, GA 30038-2415

    • Office buildings
    • 3,943 SF
    • 0.96 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0264716
    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.

    Current Use by Public Records

    • Danielle Moore, Brenda Lee Strickland Rlty. / Real Estate Agent
    • Akecia Cunningham, Brenda Lee Strickland Rlty. / Real Estate Agent

    Property Details for 2930 Evans Ml Rd

    Year built
    1974
    Construction
    WOOD FRAME
    Lot size
    0.96 lot acres
    Property size
    3,943 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    16 119 01 050
    APU
    1611901050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1195
    Latitude
    33.6992
    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
    $4,867
    $69,166
    $26,834
    $96,000
    -
    $172,915
    $67,085
    $240,000

    Comparable in this City

    • Value Estimation
      $1,560,000
      7,500 SF

      5353 Fairington Rd

      OFFICE BUILDING • 7,500 SF
      5353 Fairington Rd, Lithonia, GA 30038-1162
      View Details
    • Value Estimation
      $650,000
      5,479 SF

      2998 Panola Rd

      OFFICE BUILDING • 5,479 SF
      2998 Panola Rd, Lithonia, GA 30038-2394
      View Details
    • Value Estimation by Request
      4,026 SF

      3069 Panola Rd

      OFFICE BUILDING • 4,026 SF
      3069 Panola Rd, Lithonia, GA 30038-2497
      View Details
    • Value Estimation
      $850,000
      4,000 SF

      8052 Mall Pkwy

      OFFICE BUILDING • 4,000 SF
      8052 Mall Pkwy, Lithonia, GA 30038-2649
      View Details
    • Value Estimation by Request
      2,268 SF

      4780 Klondike Rd

      OFFICE BUILDING • 2,268 SF
      4780 Klondike Rd, Lithonia, GA 30038
      View Details
    • Value Estimation
      $5,915,000
      56,656 SF

      3120 Stonecrest Blvd

      OFFICE BUILDING • 56,656 SF
      3120 Stonecrest Blvd, Lithonia, GA 30038-2693
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4,233 SF

      Freestanding Building in Stonecrest, GA

      High-visibility 4,233 SF building suitable for various uses.
      8217 Mall Pkwy, Lithonia, GA 30038
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    • $329,000
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      Stonecrest Industrial Land

      Prime I-20 location, high visibility.
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    • $795,000

      Stonecrest Commercial Land - I-20 Frontage

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      6753 Millwood Ln, Stonecrest, GA 30038
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    • $125,000
      1,202 SF

      Upgraded Condo Near Stonecrest Mall

      Move-in ready 3BR/2BA condo with modern upgrades and convenient location.
      4102 Par Three Way, 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
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    • $900,000
      4.00 Acres

      Land in Lithonia, Georgia

      4-acre land for sale in Lithonia, Georgia.
      3280 Turner Hill Rd, Lithonia, GA 30038
      View Details

    Similar Nearby for Lease

    • $2,250 /Mo
      7,500 SF

      Lithonia Office Suite For Rent

      Office suite with private rooms, suitable for various businesses.
      7910 Mall Ring Rd Unit, Lithonia, GA 30038
      View Details
    • $4,500 /Mo
      7,500 SF

      Professional Office Space Available

      Professional office space available in established Lithonia business complex.
      7910 Mall Ring Rd Unit, Lithonia, GA 30038
      View Details
    • Contact for pricing
      264,609 SF

      Stonecrest Marketplace Retail Center

      Prime Retail Space Available in Stonecrest, GA
      8100 Mall Pkwy, Stonecrest, GA 30038
      View Details
    • Contact for pricing
      8,400 SF

      Shops at Stonecrest: Retail Space

      Prime Stonecrest Retail, 1,200 SF Available
      7331 Stonecrest Concourse, Stonecrest, GA 30038
      View Details
    • 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
      1 SF

      Stonecrest Retail Outparcel Opportunity

      High-traffic location, 0.72 acres.
      2918 Turner Hl Rd, Stonecrest, GA 30038
      View Details
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    2930 Evans Ml Rd
    Lithonia, GA 30038-2415
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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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