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    3001 Stonecrest Promenade Lithonia, GA 30038
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    Property profile & analytics

    3001 Stonecrest Promenade Lithonia, GA 30038

    View on Map
    • Retail space
    • 44,640 SF
    • 5.50 lot acres
    For Lease
    $2,425,000
    View Listing →
    Freestanding Retail Building in Lithonia For Lease
    $2,425,000

    Freestanding Retail Building in Lithonia

    Freestanding retail building available for rent in Lithonia, Georgia.

    Lithonia, GA 30038
    View Listing
    Property ID
    US22-0580856
    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
    $2,425,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3001 Stonecrest Promenade

    Year built
    2005
    Lot size
    5.50 lot acres
    Property size
    44,640 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    16 170 01 046
    APU
    1617001046

    Description

    This exceptional free-standing retail building, located at 3001 Stonecrest Promenade in Stonecrest, Georgia (zip code 30038), offers a significant opportunity for businesses seeking a substantial presence in a thriving DeKalb County market. The entire 89,193 square foot building is currently vacant, presenting a unique chance to occupy the entire space or potentially subdivide it. The minimum divisible space is 44,553 square feet, while the maximum contiguous space available is 44,640 square feet. This flexibility allows for a wide range of business models and expansion plans. Situated on a generous 5.5-acre lot, the property provides ample parking and visibility. The building's prime location in Lithonia, GA, ensures high traffic volume and excellent accessibility. This is an ideal opportunity for a single large tenant or multiple smaller tenants seeking a prominent location in a rapidly growing area. The property is classified as a commercial retail space with multiple tenancy options. Serious inquiries are encouraged to explore the possibilities of this expansive and versatile retail property. Contact us today to schedule a viewing and discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,225,000
      ML approach
      $2,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,664,000
      Market price range: $1.44M - $12.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.0968
    Latitude
    33.6951
    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
    $50,421
    $480,000
    $530,000
    $1,010,000
    -
    $1,200,000
    $1,325,000
    $2,525,000

    Comparable in this City

    • Value Estimation
      $570,000
      4,080 SF

      5384 Fairington Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,080 SF
      5384 Fairington Rd, Lithonia, GA 30038-1298
      View Details
    • Value Estimation by Request
      20,000 SF

      7655 Mall Pkwy

      Individual retail properties • 20,000 SF
      7655 Mall Pkwy, Stonecrest, GA 30038
      View Details
    • Value Estimation by Request
      2,735 SF

      4623 Klondike Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,735 SF
      4623 Klondike Rd, Lithonia, GA 30038-4238
      View Details
    • Value Estimation
      $8,505,000
      14,605 SF

      3140 Turner Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,605 SF
      3140 Turner Hl Rd, Lithonia, GA 30038-2530
      View Details
    • Value Estimation
      $1,140,000
      8,262 SF

      3332 Snapfinger Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,262 SF
      3332 Snapfinger Rd, Lithonia, GA 30038-2656
      View Details
    • Value Estimation by Request
      1,300 SF

      4434 Klondike Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,300 SF
      4434 Klondike Rd, Lithonia, GA 30038-4642
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Freestanding Building in Stonecrest, GA

      High-visibility 4,233 SF building suitable for various uses.
      8217 Mall Pkwy, Lithonia, GA 30038
      View Details
    • $2,300,000
      2,356 SF

      Turn-Key Auto Repair Business Opportunity

      Auto repair shop with land, business, and inventory included.
      3849 Panola Rd, Lithonia, GA 30038
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    • $1,199,900

      Stonecrest Commercial Property For Sale

      Commercial property in Stonecrest's retail corridor, near The Mall.
      7322 Stonecrest Concourse, 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
    • $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
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    • $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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Stonecrest Mall

      Retail spaces for lease near Stonecrest Mall, Stonecrest, GA.
      8080 Mall Pkwy, 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
    • 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

      Freestanding Retail Building in Lithonia

      Freestanding retail building available for rent in Lithonia, Georgia.
      3001 Stonecrest Promenade, 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
    View Listing
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    Lithonia, GA 30038
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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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