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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Auto shops
500 Thornton Rd Lithia Springs, GA 30122-1590
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1482261
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Construction
STEEL FRAME
Total area
30,180 SF
Lot
4.25 ac (185,130 SF)
Zoning code
PUD
APN
0373-18-2- -00008
UPID
US22-1482261
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
-
SOUTH NATION GROUP INC. Car Dealership
-
Hertz Rideshare - Uber Lithia Springs Freight Service Logistics Company
-
Black Forest Motorcars Car Dealership
-
All Tune and Lube (ATL Total Car Care) Auto Repair Shop
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$3.14M
Owner & transaction history
Neeshi INC · 3 yrs held
Neeshi INC
since 2023
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
PUD · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+14.3%
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 Lithia Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lithia Springs 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
$2,575,000
ML approach
$3,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,715,000
Current use
RETAIL STORES
$4,245,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,490,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10% · vs last sale $3.70M (Jun 27 2023)
Last sale anchor
$3.70M
Jun 27 2023
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
$104 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$22,819
Tax year 2023
Assessed value
$717,520
Assessed 2023
Previous assessed
$717,520
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$369,034
Assessed improvement
$348,486
Land market value
$922,586
Improvement market value
$871,214
Total market value
$1,793,800
Applied tax rate
1.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
30,180 SF
Lot
4.25 ac (185,130 SF)
Zoning code
PUD
APN
0373-18-2- -00008
UPID
US22-1482261
Jurisdiction
DOUGLAS
Zoning & alternative use
PUD · Lithia Springs, GAZoning PUD · permitted uses
PUD · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.7M
RETAIL STORES
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
AUTO REPAIR, GARAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
6
Lot
4.25 ac
Current owner
From public records · entity-resolved
Neeshi INC
Entity
Mailing address
1060 VIRGINIA AVE NE, ATLANTA, GA 30306-3526
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
$3,700,000
Neeshi INC
500 Grp LLC
Limited Warranty Deed
—
Dec 28, 2021
$2,730,000
500 Grp LLC Etal
Capkey Note Partners LLC
Limited Warranty Deed
$1,800,000 · Standard Insurance
Nov 16, 2015
—
Capkey Note Partners LLC
Thornton Road Associates LLC
Quit Claim Deed
related
—
Nov 16, 2015
$1,025,000
Capkey Note Partners LLC
Thornton Road Associates LLC
Grant Deed
$625,000 · Bryant Bk
—
—
Capkey Note Partners LLC
—
Loan Modification
related
$1,216,140 · Bryant Bk
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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