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Property profile & analytics
OFF-MARKET
Estimated value
$18,020,000
Garden apartment buildings
490 Stone Mtn Lithonia Rd, Stone Mountain, GA 30088-1532
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0515212
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Total area
8,376 SF
Lot
14.12 ac (615,067 SF)
Zoning code
X
APN
18 020 02 002
UPID
US22-0515212
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
Current use
Occupant on record · Public records
-
Fierce Hair Salon, Corp Church
-
A True Love Friend Caregiver Companionship LLC Home Health Care Service
-
The Right Movers & Team Moving Company
-
Ascend at Stone Mountain Apartments Apartment Complex
-
True Testimonies LLC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.08M
Blend (final)
Blend
$18.02M
Owner & transaction history
Stone Lithonia 123 LLC · 3 yrs held
Stone Lithonia 123 LLC
since 2022
Last sale
$17.9M
7 recorded transactions
Zoning & alternative use
X · Stone Mountain, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Stone Mountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stone Mountain 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
$18,290,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.02M
Range $16.22M – $19.82M · ±10% · vs last sale $17.86M (Nov 4 2022)
Last sale anchor
$17.86M
Nov 4 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
$2,151 / 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
$304,436
Tax year 2024
Assessed value
$6,800,000
Assessed 2024
Previous assessed
$6,800,000
+0.0% YoY
Effective rate
4.48%
On assessed value
Assessed land
$738,080
Assessed improvement
$6,061,920
Land market value
$1,845,200
Improvement market value
$15,154,800
Total market value
$17,000,000
Applied tax rate
4.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1984
Heating
NONE
Cooling
YES
Buildings
23
Stories
2
Units
144
Total area
8,376 SF
Lot
14.12 ac (615,067 SF)
Zoning code
X
APN
18 020 02 002
UPID
US22-0515212
Jurisdiction
DE KALB
Zoning & alternative use
X · Stone Mountain, GA
Zoning X · permitted uses
X · Stone Mountain, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stone Mountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Cooling
Yes
Stories
2
Buildings
23
Units
144
Lot
14.12 ac
Current owner
From public records · entity-resolved
Stone Lithonia 123 LLC
Entity
Mailing address
5457 TWIN KNLS RD STE #300, COLUMBIA, MD 21045-3296
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$17,856,000
Stone Lithonia 123 LLC
Mv Dothan LLC
Warranty Deed
$15,075,000 · Bancorp Bank
Nov 4, 2022
—
Mv Dothan LLC
Mv Dothan LLC
Limited Warranty Deed
—
Aug 24, 2020
$11,000,000
Mv Knollwood LLC
Mountain Vista Partners LLC
Grant Deed
$7,338,500 · Greystone Svcng Corp
Apr 20, 2018
—
Mountain Vista Partners LLC
—
Deed
related
$6,125,000 · Grandbridge R/e Cap
May 23, 2013
$5,975,000
Mountain Vista Partners LLC
Vista Chimney Trace LLC
Grant Deed
related
$4,200,000 · Cmfg Life Ins Co
Oct 10, 2011
—
Vista Chimney Trace LLC
Tritex Real Estate Advisors In
Quit Claim Deed
related
—
Oct 10, 2011
$3,600,000
Vista Chimney Trace LLC
Tritex Real Estate Advisors In
Grant Deed
—
Sep 13, 2010
$6,623,540
Federal Natl Mtg Assn Fnma
Glenmont Tarpon Chimney Trace
Trustees Deed
—
Sep 13, 2010
—
Tritex Real Est Advisors INC
Federal Natl Mtg Assn Fnma
Grant Deed
—
—
—
Mountain Vista Partners LLC
—
Deed Of Trust
related
$6,125,000 · Grandbridge R/e Cap
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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