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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Strip malls
639 Thornton Rd Lithia Springs, GA 30122-4456
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0025853
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,900 SF
Lot
2.38 ac (103,673 SF)
Zoning code
CG
APN
0423-18-2- -00014
UPID
US22-0025853
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
-
Title Tree Title Pawn - Douglasville Discount Store (Bike/Boat/Book/etc) Store
-
Avis Car Rental Car Rental Facility
-
Sterling Finance Company Loan Service
-
J. Buffalo's House Restaurant
-
Domino's Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.12M
CAP Approach
CAP
$4.68M
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$3.59M
Owner & transaction history
Rci Thornton Promenade LLC · 3 yrs held
Rci Thornton Promenade LLC
since 2022
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CG · Lithia Springs, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+79.3%
Office building
$3.6M
+66.7%
Retail stores
$2.7M
+21.6%
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 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
$2,550,000
ML approach
$3,120,000
CAP Approach
CAP Return
Estimation
6%
$5,060,000
6.5%
$4,675,000
7%
$4,340,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,185,000
Current use
MEDICAL BUILDING
$3,920,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$3,645,000
Change: +67% · Conversion: Moderate
RETAIL STORES
$2,660,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,325,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$3.59M
Range $3.23M – $3.94M · ±10% · vs last sale $4.03M (Dec 14 2022)
Last sale anchor
$4.03M
Dec 14 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
$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 2023Property tax & assessments
Tax year 2023
Tax billed
$63,120
Tax year 2023
Assessed value
$1,546,520
Assessed 2023
Previous assessed
$1,546,520
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$386,120
Assessed improvement
$1,160,400
Land market value
$965,300
Improvement market value
$2,901,000
Total market value
$3,866,300
Applied tax rate
3.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
11
Stories
1
Total area
18,900 SF
Lot
2.38 ac (103,673 SF)
Zoning code
CG
APN
0423-18-2- -00014
UPID
US22-0025853
Jurisdiction
DOUGLAS
Zoning & alternative use
CG · Lithia Springs, GA
Zoning CG · permitted uses
CG · Lithia Springs, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lithia Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
11
Lot
2.38 ac
Current owner
From public records · entity-resolved
Rci Thornton Promenade LLC
Entity
Mailing address
6135 RIVERCLIFFE DR, ATLANTA, GA 30328-3710
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
$4,025,000
Rci Thornton Promenade LLC
Raw Promenade LLC
Warranty Deed
—
Nov 30, 2022
$4,025,000
Raw Promenade LLC
Raw Promenade LLC
Warranty Deed
related
—
Jun 21, 2007
—
Raw Associates
Branch Banking & Trust
Quit Claim Deed
related
—
Feb 22, 2007
$1,311,900
Raw Promenade LLC
Raw Associates LLC
Deed Of Trust
related
$2,800,000 · Branch Banking & Trust Co
Jun 9, 2006
$4,006,000
Dlw Associates LP
Thornton Promenade LLC
Grant Deed
—
Jun 9, 2006
—
Dlw Associates LP
Thornton Promenade LLC
Quit Claim Deed
related
$2,694,143 · Branch Banking & Trust Co
Jun 7, 2006
$4,006,000
Dlw,associates Limited Partner
Thornton Promenade LLC
Grant Deed
—
—
—
Raw Promenade LLC|dlw Promenade LLC
—
Deed Of Trust
related
$2,550,000 · Miscellaneous Ins Co
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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