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Property profile & analytics
OFF-MARKET
Estimated value
$4,960,000
Strip malls
3014 Stonecrest Way Lithonia, GA 30038
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2509530
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
48,400 SF
Lot
4.34 ac (189,181 SF)
Zoning code
C1
APN
16 170 04 007
UPID
US22-2509530
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
by Request
Comparable Approach
Comparable
$6.02M
Blend (final)
Blend
$4.96M
Owner & transaction history
Just Green LLC · 8 yrs held
Just Green LLC
since 2017
7 recorded transactions
Zoning & alternative use
C1 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
Local Commercial District
General category
COMMERCIAL
Zone area
23.62 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lithonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithonia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$8,095,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$72,354
Tax year 2024
Assessed value
$1,761,760
Assessed 2024
Previous assessed
$1,761,760
+0.0% YoY
Effective rate
4.11%
On assessed value
Assessed land
$908,080
Assessed improvement
$853,680
Land market value
$2,270,200
Improvement market value
$2,134,200
Total market value
$4,404,400
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
YES
Stories
1
Total area
48,400 SF
Lot
4.34 ac (189,181 SF)
Zoning code
C1
APN
16 170 04 007
UPID
US22-2509530
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Lithonia, GAZoning C1 · permitted uses
C1 · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
Zone name
Local Commercial District
General category
COMMERCIAL
Zone area
23.62 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$8.1M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.34 ac
Current owner
From public records · entity-resolved
Just Green LLC
Entity
Free & Clear · 8 yrs held
Mailing address
4632 E MAIN ST, COLUMBUS, OH 43213-3128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
$3,000,000
Just Green LLC
Monarch At Stonecrest Pavilion
Grant Deed
—
Sep 26, 2017
—
Just Green LLC
Monarch At Stonecrest Pavilion
Quit Claim Deed
related
—
Jun 14, 2013
$2,850,000
Monarch Of Stonecrest Pavilion Ll
Gecmc 2006-c1 Stonecrest Mall
Grant Deed
—
Feb 3, 2011
$10,980,000
Gecmc 2006-c1 Stonecrest Mall
Seven Mall Shops Atlanta Assoc
Trustees Deed
—
Jan 31, 2006
$8,948,673
Seven Mall Shops Atlanta Assoc
Stonecrest Pavilion LLC
Grant Deed
—
Jan 31, 2006
—
Seven Mall Shops Atlanta Assoc
Stonecrest Pavilion LLC
Grant Deed
related
—
Mar 19, 2004
—
Stonecrest Pavilion LLC
—
Trustees Deed
related
$5,000,000 · First Cherokee Mtg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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