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    6378 Browns Mill Rd Lithonia, GA 30038
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    6378 Browns Mill Rd Lithonia, GA 30038

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    • Residential land & home lots
    For Sale
    $1,085,000
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    Undeveloped Land in Stonecrest, GA For Sale
    $1,085,000
    19.50 Acres

    Undeveloped Land in Stonecrest, GA

    19.5 acres of land suitable for residential development.

    Lithonia, GA 30038
    View Listing
    Property ID
    US22-0468850
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 6378 Browns Mill Rd

    Property type
    Residential land & home lots

    Description

    Beautiful 19.5 acres of mostly undeveloped land ready for combination of R-75 and R-100 zoned residential. Made up of 3 parcels that are not in any flood zones. One parcel does have a 3BR/2BA older, remodeled home with all of the utilities connected and IT IS CURRENTLY OCCUPIED. DO NOT WALK THE LAND OR DISTURB without appointment by agent. This would naturally be a tear down for a developer wanting to put a 30 - 60 single family home development. All three parcels have frontage on Browns Mill Rd with access to city sewer and power lines. Located in the Stonecrest/ Lithonia school districts. Stone throw from Arabia Mountain HS and also part of the Martin Luther King HS districts. Surrounded by wonderful family neighborhoods in excellent condition. CALL FOR AN APPOINTMENT TO VIEW OR ADDITIONAL DETAILS.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.1413192
    Latitude
    33.6475762

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      Lithonia Land with Development Potential

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      Land Parcel in Lithonia, GA

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    Similar Nearby for Sale

    • $475,000
      7.69 Acres

      Lithonia Land with Development Potential

      7.686 acre lot ideal for small subdivision development.
      4046 Crossvale Rd, Lithonia, GA 30038
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      0.80 Acres

      Corner Lot in Lithonia, GA

      0.8-acre corner lot with swim and tennis amenities.
      3724 Eagles Beek Cir, Lithonia, GA 30038
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    • $199,900
      11.10 Acres

      Secluded Land in Lithonia, GA

      11+ acre residential land near Stonecrest Mall and I-20.
      4406 Roundtree Ln, Lithonia, GA 30038
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    • $475,000
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      Lithonia Land with Development Potential

      7.686 acre lot ideal for small subdivision development.
      4046 Crossvale Rd, Lithonia, GA 30038
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    • $275,000
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      Lithonia Land with Lake View

      2.07 acre lot in Sandstone Estate Subdivision.
      4230 Sandstone Shores Dr, Lithonia, GA 30038
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      Land Parcel in Lithonia, GA

      2.5-acre land parcel with development potential in Lithonia, GA.
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    Similar Nearby for Lease

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      Land for Lease in Stonecrest

      Commercial land available for lease in Stonecrest, Georgia.
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      Stonecrest Industrial Space Available

      Industrial space available in Stonecrest, Georgia ranging from 4,050-48,276 SqFt.
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      Freestanding Retail Building in Lithonia

      Freestanding retail building available for rent in Lithonia, Georgia.
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    • $4,500 /Mo
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      Professional Office Space Available

      Professional office space available in established Lithonia business complex.
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      30,361 SF

      Medical Office Building Near Mall

      Class-A medical office building near Stonecrest Mall in Lithonia.
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      32,050 SF

      Retail Space Near Mall at Stonecrest

      Retail space in Lithonia, adjacent to the Mall at Stonecrest.
      8100 Mall Pkwy, Lithonia, GA 30038
      View Details
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    6378 Browns Mill Rd
    Lithonia, GA 30038
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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