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Property profile & analytics
OFF-MARKET
Estimated value
$12,445,000
Warehouses
6600 Old Hillandale Dr, Lithonia, GA 30058
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-4310551
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
Implied cap rate, NOI & suggested price
Cap 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
Harmony At Stonecrest LP · 4 yrs held
Harmony At Stonecrest LP
since 2021
7 recorded transactions
Zoning & alternative use
M · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.4M
+154.2%
Medical building
$19.3M
+153.5%
Office building
$17.9M
+134.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,790,000
6.5%
$16,420,000
7%
$15,245,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,615,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,350,000
Change: +154% · Conversion: Moderate
MEDICAL BUILDING
$19,295,000
Change: +153% · Conversion: Difficult
OFFICE BUILDING
$17,855,000
Change: +135% · Conversion: Difficult
RETAIL STORES
$17,185,000
Change: +126% · Conversion: Moderate
Blend value · Realmo final
$12.45M
Range $11.20M – $13.69M · ±10%
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
$121 / 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
$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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
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, GA
Zoning M · permitted uses
M · 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
WAREHOUSE, STORAGE Current
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.4M
MEDICAL BUILDING
Est. value
$19.3M
OFFICE BUILDING
Est. value
$17.9M
RETAIL STORES
Est. value
$17.2M
WAREHOUSE, STORAGE Current
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
Year built
2022
Heating
NONE
Stories
1
Bathrooms
0
Lot
9.3 ac
Current owner
From public records · entity-resolved
Harmony At Stonecrest LP
Entity
Mailing address
3900 EDISON GROUP, MISHAWAKA, IN 46545
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$1,200,000
Harmony At Stonecrest LP
Cl Rp Stonecrest LLC
Warranty Deed
$1,825,000 · M1 Bank
Jun 18, 2020
—
Stone Terrace Ga LLC
—
Deed Of Trust
related
$28,220,000 · Bank Of America
Apr 29, 2020
$725,000
Stone Terrace II Ga LLC
Clrp Stonecrest LLC
Grant Deed
—
Apr 3, 2020
$2,050,000
Stone Terrace Ga LLC
Cl-rp Stonecrest LLC
Grant Deed
related
—
Dec 18, 2014
—
Cl-rp Stonecrest LLC
Sfn Dekalb Holdings LLC
Quit Claim Deed
related
—
Dec 18, 2014
$1,200,100
Cl-rp Stonecrest LLC
Sfn Dekalb Holdings LLC
Grant Deed
related
—
May 20, 2013
$226,309
Sfm Dekalb Holdings LLC
Top Flight Investment LLC
Trustees Deed
related
—
Jun 22, 2011
—
Ehm Investments LLC
Fttd3 LLC
Quit Claim Deed
related
—
Jun 13, 2011
$200,000
Fttd3 LLC
Sheriff Of Dekalb County
Tax Deed
related
—
Apr 13, 2007
$12,600,000
Top Flight Investment LLC
Pallazzo Di Stonecrest LLC
Grant Deed
—
Jan 23, 2007
—
Pallazzo Di Stonecrest LLC
Top Flight Development Grp
Grant Deed
related
—
Jan 19, 2007
$11,500,000
Top Flight Development Grp INC
Pallazzo Di Stowecrest LLC
Grant Deed
—
Oct 13, 2005
—
Palazzo Di Stonecrest LLC
—
Trustees Deed
related
$450,000 · Rdc Enterprises LLC
Sep 7, 2005
—
Palazzo Di Stonecrest LLC
6600 Hillandale LLC
Warranty Deed
$6,350,000 · Lithonia Commercial Lender LLC
May 23, 2005
—
6600 Hillandale LLC
Varsha,amos
Quit Claim Deed
$1,200,000 · Amos Varsha
May 23, 2005
$3,350,000
Amos Varsha
Kelley,shirley K
Grant Deed
$2,737,800 · Capital Mortgage Corp
—
—
Palazzo Di Stonecrest LLC
—
Deed Of Trust
related
$334,000 · Boss Hogg LLC
—
—
Sfn Dekalb Holdings LLC
—
Deed Of Trust
related
$500,000 · Aqc LLC
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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