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Property profile & analytics
FOR LEASE
Strip malls
3552 Panola Rd Lithonia, GA 30038
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0293511
For Lease
1 / 2
$6,245,000
3552 Panola Rd, Lithonia, GA 30038
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
44,560 SF
Lot
9.74 ac (424,274 SF)
Zoning code
C1
APN
16 021 07 002
UPID
US22-0293511
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
$6.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.25M
Owner & transaction history
Salem Crossing LLC · 3 yrs held
Salem Crossing LLC
since 2022
Last sale
$6.3M
4 recorded transactions
Zoning & alternative use
C1 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.6M
+14.4%
Apartment house (5+ units)
$9.4M
+12.0%
Commercial (general)
$8.8M
+4.4%
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
$6,070,000
ML approach
$6,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,395,000
Current use
AUTO REPAIR, GARAGE
$9,600,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,400,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,760,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$8,370,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$7,745,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$7,455,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$6.25M
Range $5.62M – $6.87M · ±10% · vs last sale $6.25M (Aug 12 2022)
Last sale anchor
$6.25M
Aug 12 2022
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
$140 / 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
$121,476
Tax year 2024
Assessed value
$2,917,880
Assessed 2024
Previous assessed
$2,502,400
+16.6% YoY
Effective rate
4.16%
On assessed value
Assessed land
$175,168
Assessed improvement
$2,742,712
Land market value
$437,920
Improvement market value
$6,856,780
Total market value
$7,294,700
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
For Lease
Year built
1989
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
44,560 SF
Lot
9.74 ac (424,274 SF)
Zoning code
C1
APN
16 021 07 002
UPID
US22-0293511
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Lithonia, GA
Zoning C1 · permitted uses
C1 · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.7M
RETAIL STORES
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
1989
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
9.74 ac
Current owner
From public records · entity-resolved
Salem Crossing LLC
Entity
Mailing address
738 LINGFIELD LN, BRYSON CITY, NC 28713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$6,250,000
Salem Crossing LLC
James F Perry & Co
Limited Warranty Deed
$3,750,000 · Loyal Trust Bank
Aug 12, 2022
—
Salem Crossing LLC
James F Perry & Co
Quit Claim Deed
related
$3,750,000 · Loyal Trust Bank
Dec 2, 2008
—
James F Perry Co
Salem,crossing Shopping Ce
Grant Deed
related
—
—
—
Salem Crossing Shopping Center
—
Deed Of Trust
related
$4,500,000 · Integrity Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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