Property profile

2945 Panola Rd Lithonia, GA 30038

OFF-MARKET
Retail space
Property ID
US22-1607821
15,073 SF 2.47 ac lot Built 2000
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Total area 15,073 SF
Lot 2.47 ac (107,593 SF)
Zoning code C1
APN 16 042 03 009
UPID US22-1607821

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
  • Atm
  • Pharmacy
  • Pharmacy
  • Pharmacy

Location

2945 Panola Rd Lithonia, GA 30038-2313
Lithonia metro Census 23442 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

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
$2.13M

Owner & transaction history

since 2013
7 recorded transactions
2018
Price N/A
2016
Price N/A
2013
$4.5M
2007
Price N/A
2007
$5.0M
2007
$5.0M
1969
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
Top alternative use upside
Auto repair, garage $3.3M +28.8%
Apartment house (5+ units) $3.2M +26.1%
Commercial (general) $3.0M +17.5%

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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