Property profile

3001 Stonecrest Promenade Lithonia, GA 30038

FOR LEASE
Retail space
Property ID
US22-0580856
44,640 SF 5.5 ac lot Built 2005
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 44,640 SF
Lot 5.5 ac (239,754 SF)
Zoning code C1
APN 16 170 01 046
UPID US22-0580856

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3001 Stonecrest Promenade Lithonia, GA 30038
Lithonia metro Census 23440 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$2.23M

Owner & transaction history

since 2023
Last sale
$2.5M
6 recorded transactions
2023
$2.5M
2022
$1.8M
2015
$33.0M
2015
$6.9M
2015
$3.3M
2004
$1.4M

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

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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