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    Property profile & analytics

    3101 Panola Rd Lithonia, GA 30038-2319

    • Garden apartment buildings
    • 35,880 SF
    • 14.35 lot acres
    OFF-MARKET
    Value Estimations
    $7,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1614233
    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.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 3101 Panola Rd

    Year built
    2003
    Lot size
    14.35 lot acres
    Property size
    35,880 SF
    Zone code
    OI
    Property type
    Garden apartment buildings
    APN
    16 042 01 009
    APU
    1604201009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,035,000
      6.5%
      $7,415,000
      7%
      $6,885,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,565,000
      Current use
      AUTO REPAIR, GARAGE
      $7,730,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,055,000
      Change: -7% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $6,760,000
      Change: -11% Conversion: Difficult
      MEDICAL BUILDING
      $6,740,000
      Change: -11% Conversion: Moderate
      OFFICE BUILDING
      $6,235,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1748
    Latitude
    33.6962
    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
    $849,708
    $564,000
    $18,236,000
    $18,800,000
    -
    $1,410,000
    $45,590,000
    $47,000,000

    Comparable in this City

    • Value Estimation
      $535,000
      2,435 SF

      6524 Stewart Lk Ct

      GARDEN APT, COURT APT (5+ UNITS) • 2,435 SF
      6524 Stewart Lk Ct, Lithonia, GA 30038-2434
      View Details
    • Value Estimation by Request
      1,810 SF

      2991 Evans Ml Rd

      GARDEN APT, COURT APT (5+ UNITS) • 1,810 SF
      2991 Evans Ml Rd, Lithonia, GA 30038-2417
      View Details
    • Value Estimation
      $7,690,000
      36,780 SF

      6890 Frst Lk Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 36,780 SF
      6890 Frst Lk Pkwy, Lithonia, GA 30038
      View Details
    • Value Estimation
      $1,430,000
      12,544 SF

      2963 Fairington Dr

      GARDEN APT, COURT APT (5+ UNITS) • 12,544 SF
      2963 Fairington Dr, Lithonia, GA 30038
      View Details
    • Value Estimation by Request
      1,979 SF

      2975 Evans Ml Rd

      GARDEN APT, COURT APT (5+ UNITS) • 1,979 SF
      2975 Evans Ml Rd, Lithonia, GA 30038-2416
      View Details
    • Value Estimation
      $7,890,000
      37,504 SF

      7130 Frst Lk Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 37,504 SF
      7130 Frst Lk Pkwy, Lithonia, GA 30038
      View Details

    Similar Nearby for Sale

    • $1,079,000
      19.50 Acres

      19.5 Acres Stonecrest Land

      Residential land, ideal for development.
      6378 Browns Ml Rd, Stonecrest, GA 30038
      View Details
    • $1,342,768
      9.50 Acres

      Stonecrest Land: 9.5 Acres, High Traffic

      Prime DeKalb County land, ideal for mixed-use development.
      3177 Panola Rd, Stonecrest, GA 30038
      View Details
    • $500,000
      26.01 Acres

      Lithonia Land Zoned R-100

      26-acre parcel zoned R-100 with development potential.
      3961 Panola Rd, Lithonia, GA 30038
      View Details
    • $900,000
      4.00 Acres

      Land in Lithonia, Georgia

      4-acre land for sale in Lithonia, Georgia.
      3280 Turner Hill Rd, Lithonia, GA 30038
      View Details
    • Contact for pricing
      0.10 Acres

      Cleared Corner Lot in Lithonia

      Cleared, level lot suitable for building a new home.
      5360 Tasman Trl, Lithonia, GA 30038
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Stonecrest Retail Outparcel Opportunity

      High-traffic location, 0.72 acres.
      2918 Turner Hl Rd, Stonecrest, GA 30038
      View Details
    • $4,500 /Mo
      7,500 SF

      Professional Office Space Available

      Professional office space available in established Lithonia business complex.
      7910 Mall Ring Rd Unit, Lithonia, GA 30038
      View Details
    • Contact for pricing
      89,193 SF

      Stonecrest Promenade Retail Center

      Large Retail Space Available in DeKalb County
      3001 Stonecrest Promenade, Stonecrest, GA 30038
      View Details
    • 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
    • $2,250 /Mo
      7,500 SF

      Lithonia Office Suite For Rent

      Office suite with private rooms, suitable for various businesses.
      7910 Mall Ring Rd Unit, Lithonia, GA 30038
      View Details
    • Contact for pricing
      264,609 SF

      Stonecrest Marketplace Retail Center

      Prime Retail Space Available in Stonecrest, GA
      8100 Mall Pkwy, Stonecrest, GA 30038
      View Details
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    Lithonia, GA 30038-2319
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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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