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Property profile & analytics
OFF-MARKET
Estimated value
$7,815,000
Garden apartment buildings
6776 Covington Hwy Lithonia, GA 30058-4816
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1727249
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1989
Total area
14,544 SF
Lot
33.72 ac (1,468,843 SF)
Zoning code
RM100
APN
16 089 03 009
UPID
US22-1727249
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
by Request
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$7.82M
Owner & transaction history
Rh Woodcrest LLC · 7 yrs held
Rh Woodcrest LLC
since 2019
4 recorded transactions
Zoning & alternative use
RM100 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+83.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,635,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$7.82M
Range $7.03M – $8.60M · ±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
$537 / 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
$507,904
Tax year 2024
Assessed value
$20,081,840
Assessed 2024
Previous assessed
$11,200,000
+79.3% YoY
Effective rate
2.53%
On assessed value
Assessed land
$778,080
Assessed improvement
$19,303,760
Land market value
$1,945,200
Improvement market value
$48,259,400
Total market value
$50,204,600
Applied tax rate
4.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
YES
Buildings
19
Stories
2
Units
344
Total area
14,544 SF
Lot
33.72 ac (1,468,843 SF)
Zoning code
RM100
APN
16 089 03 009
UPID
US22-1727249
Jurisdiction
DE KALB
Zoning & alternative use
RM100 · Lithonia, GA
Zoning RM100 · permitted uses
RM100 · 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
RESTAURANT
Est. value
$5.6M
RESTAURANT
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
1989
Heating
NONE
Cooling
Yes
Stories
2
Buildings
19
Units
344
Lot
33.72 ac
Current owner
From public records · entity-resolved
Rh Woodcrest LLC
Entity
Mailing address
17 STATE ST STE #2525, NEW YORK, NY 10004-1535
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2019
$32,000,000
Rh Woodcrest LLC
Woodcrest Apartments LLC
Trustees Deed
related
$24,720,000 · Jones Lang Lasalle Multifamily
Mar 20, 2017
$21,250,000
Woodcrest Apartments LLC
Hcbh Hampton Woods LLC
Grant Deed
related
—
Sep 11, 2015
$15,200,000
Hcbh Hampton Woods LLC
Hampton At Hawthorne Woods LP
Grant Deed
related
$12,160,000 · Holliday Fenoglio Fowler
Nov 4, 2004
—
At Hawthorne Woods Hampton
Woodcrest Walk Partners LLC
Quit Claim Deed
related
—
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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