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    639 Thornton Rd Lithia Springs, GA 30122-4456
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    Property profile & analytics

    639 Thornton Rd, Lithia Springs, GA 30122-4456

    View on Map
    • Strip malls
    • 18,900 SF
    • 2.38 lot acres
    Off-Market
    Last Sale Dec 14, 2022
    $4,025,000
    Property ID
    US22-0025853
    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
    $3,585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 639 Thornton Rd

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.38 lot acres
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0423-18-2- -00014
    APU
    42318200014

    Sales History

    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 $2.8M · 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 $2.7M · 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 $2.6M · Miscellaneous Ins Co

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,104,000
      Market price range: $1.14M - $3.10M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithia Springs
    County
    Douglas
    State
    Georgia
    Longitude
    -84.6194
    Latitude
    33.787
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,120
    $386,120
    $1,160,400
    $1,546,520
    -
    $965,300
    $2,901,000
    $3,866,300

    Comparable in this City

    • Value Estimation by Request
      4,412 SF

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    • Value Estimation by Request
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      1771 Lee Rd, Unit 1

      SHOPPING CENTER, STRIP CENTER
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      6945 Sweetwater Rd

      SHOPPING CENTER, STRIP CENTER
      6945 Sweetwater Rd, Lithia Springs, GA 30122-2465
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    • Value Estimation by Request
      4,080 SF

      865 Thornton Rd

      SHOPPING CENTER, STRIP CENTER
      865 Thornton Rd, Lithia Springs, GA 30122-2607
      View Details
    • Value Estimation by Request
      6,260 SF

      Hwy 92nd Fairburn Rd Rd

      SHOPPING CENTER, STRIP CENTER
      Hwy 92nd Fairburn Rd Rd, Lithia Springs, GA 30122
      View Details
    • Value Estimation
      $845,000
      7,500 SF

      6971 Sweetwater Rd

      SHOPPING CENTER, STRIP CENTER
      6971 Sweetwater Rd, Lithia Springs, GA 30122-2409
      View Details

    Similar Nearby for Sale

    • New
      $500,000
      1.19 Acres

      Prime Commercial Land Opportunity

      High-traffic land near I-20, ideal for various business ventures.
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    • $400,000
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      Prime Commercial Land Opportunity

      High-traffic location suitable for retail, office, or medical ventures.
      232 Thornton Rd, Lithia Springs, GA 30122
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      1,230 SF

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      Commercial property with flexible layout and ample parking.
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      18,785 SF

      Remodeled Retail Building on Thornton Road

      Renovated retail building with strong fundamentals and excellent visibility.
      615 Thornton Rd, Lithia Springs, GA 30122
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      10,400 SF

      Established Liquor Store Investment Opportunity

      Profitable liquor store with strong sales and growth potential.
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    • $450,000
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      Commercial Building in Lithia Springs

      Versatile commercial property with C-H zoning and expansion potential.
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    Similar Nearby for Lease

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      1,700 SF

      Retail Space on Thornton Road

      1,700 SF retail space in high-traffic area near I-20.
      865 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing

      Lithia Springs Warehouse Space

      Warehouse space available for lease in Lithia Springs, GA.
      7701 Staples Dr, Lithia Springs, GA 30122
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    • Contact for pricing
      85,133 SF

      Industrial Space in Lithia Springs

      85,133 SF industrial space available for lease.
      2223 Thornton Rd, Lithia Springs, GA 30122
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    • Contact for pricing
      199,505 SF

      Lithia Springs Warehouse Space

      199,505 square foot warehouse space available for lease.
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    • $2,000 /Mo

      Freestanding Commercial House in Lithia

      2,400 SF commercial house for lease in Lithia Springs.
      6869 S Sweetwater Rd, Lithia Springs, GA 30122
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      891
    • Avg Time on site
      19 min
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    Lithia Springs, GA 30122-4456
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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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