Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2982 Woodrow Dr Lithonia, GA 30038-2412
    Property profile & analytics

    2982 Woodrow Dr Lithonia, GA 30038-2412

    View on Map
    • Day care centers
    • 3,959 SF
    • 0.99 lot acres
    Off-Market
    Last Sale Jun 26, 2024
    Property ID
    US22-1667420
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 2982 Woodrow Dr

    Year built
    1967
    Construction
    WOOD FRAME
    Lot size
    0.99 lot acres
    Property size
    3,959 SF
    Zone code
    OI
    Property type
    Day care centers
    APN
    16 138 01 027
    APU
    1613801027

    Description

    This exceptional turn-key child care center in Stonecrest, GA, presents a unique investment opportunity. Priced at $935,000, this 3,959 square foot facility boasts a 100% occupancy rate and an 85-child licensed capacity. The property, located at 2982 Woodrow Drive, Lithonia, GA 30038, is situated in a vibrant area with high visibility and foot traffic, benefiting from its proximity to the Stonecrest Mall and major highways. Ample parking is available for customers and staff. The sale includes both the business and the real estate, offering a seamless transition for the new owner. The center has a two-star quality rating. This prime retail location is surrounded by established businesses and dining options, making it an attractive destination for families. The property's strategic location and strong performance make it an ideal investment for those seeking a stable and profitable venture in the childcare industry. The business is currently operating at full capacity, demonstrating its strong market position and potential for continued growth. This is a rare opportunity to acquire a thriving, established business with significant upside potential.

    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
    -84.1177
    Latitude
    33.6971
    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
    $4,645
    $58,800
    $37,560
    $96,360
    -
    $147,000
    $93,900
    $240,900

    Comparable in this City

    • Value Estimation
      $815,000
      3,245 SF

      5949 Fairington Rd

      DAY CARE, PRE-SCHOOL • 3,245 SF
      5949 Fairington Rd, Lithonia, GA 30038-1706
      View Details
    • Value Estimation by Request
      3,753 SF

      3072 Evans Ml Rd

      DAY CARE, PRE-SCHOOL • 3,753 SF
      3072 Evans Ml Rd, Lithonia, GA 30038-2418
      View Details
    • Value Estimation
      $2,100,000
      13,402 SF

      3271 Turner Hl Rd

      DAY CARE, PRE-SCHOOL • 13,402 SF
      3271 Turner Hl Rd, Lithonia, GA 30038-3221
      View Details
    • Value Estimation
      $2,065,000
      4,000 SF

      2958 Miller Rd

      DAY CARE, PRE-SCHOOL • 4,000 SF
      2958 Miller Rd, Lithonia, GA 30038-2213
      View Details
    • Value Estimation
      $880,000
      14,157 SF

      5105 Salem Rd

      DAY CARE, PRE-SCHOOL • 14,157 SF
      5105 Salem Rd, Lithonia, GA 30038-2749
      View Details
    • Value Estimation by Request
      4,796 SF

      3079 Panola Rd

      DAY CARE, PRE-SCHOOL • 4,796 SF
      3079 Panola Rd, Lithonia, GA 30038-2317
      View Details

    Similar Nearby for Sale

    • $475,000
      7.69 Acres

      Lithonia Land with Development Potential

      7.686 acre lot ideal for small subdivision development.
      4046 Crossvale Rd, Lithonia, GA 30038
      View Details
    • $55,000
      0.40 Acres

      Residential Land in Lithonia, GA

      Residential land lot for sale in a growing Lithonia area.
      4721 Candy Cv, Lithonia, GA 30038
      View Details
    • $49,900
      2.60 Acres

      Land Parcel in Lithonia, GA

      2.5-acre land parcel with development potential in Lithonia, GA.
      5600 Rock Springs Rd, Lithonia, GA 30038
      View Details
    • Contact for pricing
      48,276 SF

      Lithonia Warehouse with Truck Court

      48,276 SF warehouse with office space and truck court.
      5070-5079 Chatooga Dr, Lithonia, GA 30038
      View Details
    • $275,000
      2.10 Acres

      Lithonia Land with Lake View

      2.07 acre lot in Sandstone Estate Subdivision.
      4230 Sandstone Shores Dr, Lithonia, GA 30038
      View Details
    • $475,000
      7.69 Acres

      Lithonia Land with Development Potential

      7.686 acre lot ideal for small subdivision development.
      4046 Crossvale Rd, Lithonia, GA 30038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Stonecrest, Georgia.
      8100 Mall Pkwy, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Stonecrest, Georgia.
      7331 Stonecrest Concourse, Lithonia, 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

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,200 square feet.
      6768 Browns Mill Rd, Lithonia, GA 30038
      View Details
    • $2,250 /Mo
      7,500 SF

      Lithonia Office Suite For Rent

      Office suite with private rooms, suitable for various businesses.
      7910 Mall Ring Rd, 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2982 Woodrow Dr
    Lithonia, GA 30038-2412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2982 Woodrow Dr, Lithonia, GA, 30038
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!