Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,215,000
Commercial land
6243 Hillandale Dr Lithonia, GA 30058-4759
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1996584
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
69,497 SF
Lot
0.98 ac (42,689 SF)
Zoning code
OD
APN
16 105 03 003
UPID
US22-1996584
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
$9.24M
CAP Approach
CAP
$12.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.22M
Owner & transaction history
Life Storage LP · 4 yrs held
Life Storage LP
since 2021
Last sale
$16.9M
1 recorded transaction
Zoning & alternative use
OD · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.0M
+47.2%
Apartment house (5+ units)
$14.7M
+44.0%
Neighborhood: shopping center
$13.1M
+28.6%
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
$16,645,000
ML approach
$9,240,000
CAP Approach
CAP Return
Estimation
6%
$14,075,000
6.5%
$12,990,000
7%
$12,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,175,000
Current use
AUTO REPAIR, GARAGE
$14,975,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,660,000
Change: +44% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$13,090,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$13,055,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$12,080,000
Change: +19% · Conversion: Easy
RETAIL STORES
$11,625,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$13.22M
Range $11.89M – $14.54M · ±10% · vs last sale $16.86M (Dec 13 2021)
Last sale anchor
$16.86M
Dec 13 2021
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
$190 / 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
$1,932
Tax year 2024
Assessed value
$51,200
Assessed 2024
Previous assessed
$51,200
+0.0% YoY
Effective rate
3.77%
On assessed value
Assessed land
$51,200
Land market value
$128,000
Total market value
$128,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Stories
1
Total area
69,497 SF
Lot
0.98 ac (42,689 SF)
Zoning code
OD
APN
16 105 03 003
UPID
US22-1996584
Jurisdiction
DE KALB
Zoning & alternative use
OD · Lithonia, GA
Zoning OD · permitted uses
OD · 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
COMMERCIAL (GENERAL) Current
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$15.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
MEDICAL BUILDING
Est. value
$13.1M
OFFICE BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$11.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Life Storage LP
Entity
Free & Clear · 4 yrs held
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2021
$16,863,750
Life Storage LP
Nagel Holdings II LLC
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6243 Hillandale Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
