Warehouses
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Entity Owned 
For Sale
1 / 2
Contact for pricing
6600 Old Hillandale Dr, Lithonia, GA 30058
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Property summary
AI-generated overview
This exceptional 1.15-acre commercial land parcel presents a unique development opportunity in the thriving Stonecrest, Georgia market. Located at 6600 Old Hillandale Drive, Lithonia, GA 30058 (DeKalb County APN: 16 120 02 005), this fee-simple property boasts unparalleled visibility from I-20, with approximately 126,379 vehicles passing daily. The site is zoned M (Light Industrial) and falls within the Stonecrest Overlay District Tier 2, allowing for a wide range of uses
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
102,723 SF
Lot
9.3 ac (405,108 SF)
Zoning code
M
APN
16 120 02 005
UPID
US22-4310551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.42M
Comparable Approach
Comparable
$12.90M
Blend (final)
Blend
$12.45M
Owner & transaction history
since 2021
7 recorded transactions
Zoning & alternative use
M · Lithonia, GA
Top alternative use upside
Neighborhood: shopping center
$19.4M
+154.2%
Medical building
$19.3M
+153.5%
Office building
$17.9M
+134.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$12.45M
Value range
$11.20M – $13.69M
±10% around blend
Estimated value / SF
$121 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$11.20M
blend $12.45M
$13.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
102,723 SF
Lot area
9.3 ac
Year built
2022
Stories
1
APN
16 120 02 005
Assessed value
$6,440,600
Annual tax
$306,406
3
Income approach: direct capitalization
Partial preview
Income approach indication
$16.42M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$17.79M
@ 6.5% CAP return
$16.42M
@ 7% CAP return
$15.25M
4
Sales comparison
Partial preview
Sales approach indication
$11.97M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.0 mi away · 85,664 SF
9.3 mi away · 72,625 SF
10.3 mi away · 77,460 SF
15.2 mi away · 92,643 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.45M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$74
+63%
Submarket 63 sales
$87
+40%
County 267 sales
$140
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $121/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+154%
vs current-use indication
Medical Building
Office Building
Retail Stores
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.44M
Move the market yield to see immediate price impact.
Value / SF
$63
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$406k
$8.12M
$5.80M
$4.51M
$451k
$9.02M
$6.44M
$5.01M
$496k
$9.92M
$7.08M
$5.51M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$15.60M
2.3 mi · Nov 2025 · $134/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$306,406
Tax year 2024
Assessed value
$6,440,600
Assessed 2024
Previous assessed
$1,200,000
+436.7% YoY
Effective rate
4.76%
On assessed value
Assessed land
$1,620,440
Assessed improvement
$4,820,160
Land market value
$4,051,100
Improvement market value
$12,050,400
Total market value
$16,101,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2022
Heating
NONE
Stories
1
Bathrooms
0
Total area
102,723 SF
Lot
9.3 ac (405,108 SF)
Zoning code
M
APN
16 120 02 005
UPID
US22-4310551
Jurisdiction
DE KALB
Zoning & alternative use
M · Lithonia, GAZoning M · permitted uses
M · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Stories
1
Bathrooms
0
Lot
9.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M
Jurisdiction
Lithonia, GA
Recorded code
M
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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