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Property profile & analytics
OFF-MARKET Estimated value $1,660,000
Hotels

2980 Evans Ml Rd Lithonia, GA 30038-2415

27,747 SF 2.51 ac lot Built 2004
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US22-0189467
Property summary
AI-generated overview

This 60-key Microtel Inn & Suites by Wyndham presents a compelling investment opportunity in Lithonia, Georgia. Built in 2004, this three-story hotel sits on a 1.66-acre lot at 2980 Evans Mill Rd, Lithonia, GA 30058, within DeKalb County. The property boasts an impressive operational track record, demonstrating significant market outperformance. In 2023, the hotel achieved over $1.19 million in top-line room revenue, resulting in a noteworthy net operating income (NOI) margin exceeding 48%. This strong performance is further underscored by a robust 2023 effective gross revenue (EGR) retention rate. Since 2021, the hotel has consistently exceeded market averages, achieving a 135% average market penetration. The property's location and operational efficiency make it an attractive asset for investors seeking a high-performing hospitality investment in a growing market. The hotel's strong financial performance and market position offer a promising return on investment. This is a turnkey operation ready for immediate ownership.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2004
Construction WOOD FRAME
Total area 27,747 SF
Lot 2.51 ac (109,336 SF)
Zoning code C1
APN 16 119 01 053
UPID US22-0189467
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.68M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.66M
Owner & transaction history
Lithonia Hospitality LLC · 16 yrs held
Lithonia Hospitality LLC
since 2010
7 recorded transactions
2023
Price N/A
2017
Price N/A
2010
$1.4M
2010
$1.4M
2008
$2.7M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C1 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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