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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Outlet malls
5401 Fairington Rd Lithonia, GA 30038-5113
Individually Owned
17-yr Hold
Free & Clear
Property ID
US22-4299567
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
208,711 SF
Lot
34.59 ac (1,506,740 SF)
Zoning code
X
APN
16 042 06 048
UPID
US22-4299567
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
-
Walmart Garden Center Garden Center
-
Lithonia Family Eyecare Physician
-
Money Center Bank Credit Union
-
MoneyGram Bank Credit Union
-
ecoATM Electronics Vending Machine Cell Phone Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Eric S Zorn · 17 yrs held
Eric S Zorn
since 2008
3 recorded transactions
Zoning & alternative use
X · Lithonia, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$7 / 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
$313,437
Tax year 2024
Assessed value
$6,320,000
Assessed 2024
Previous assessed
$6,320,000
+0.0% YoY
Effective rate
4.96%
On assessed value
Assessed land
$1,264,000
Assessed improvement
$5,056,000
Land market value
$3,160,000
Improvement market value
$12,640,000
Total market value
$15,800,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
YES
Stories
1
Total area
208,711 SF
Lot
34.59 ac (1,506,740 SF)
Zoning code
X
APN
16 042 06 048
UPID
US22-4299567
Jurisdiction
DE KALB
Zoning & alternative use
X · Lithonia, GA
Zoning X · permitted uses
X · 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.
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
34.59 ac
Current owner
From public records · entity-resolved
Eric S Zorn
Individual
Free & Clear · 17 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2008
$15,660,159
Eric S Zorn
Wal,mart Stores East LP
Grant Deed
—
Jul 26, 2007
$318,388
Murphy Oil USA INC
Wal-mart,stores East LP
Grant Deed
—
Apr 29, 2005
$3,950,000
Lowes Home Ctrs INC
Walmart Stores East
Grant Deed
—
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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