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    Property profile & analytics

    6813 Main St Lithonia, GA 30058-4482

    • Garden apartment buildings
    • 10,864 SF
    • 4.60 lot acres
    OFF-MARKET
    Value Estimations
    $3,755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0235726
    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.

    Current Use by Public Records

    • Sterling Villas / Apartment Complex / Apartment Building
    • KRAV MAGA WAR / Training Center / Sports School

    Property Details for 6813 Main St

    Year built
    1969
    Lot size
    4.60 lot acres
    Property size
    10,864 SF
    Zone code
    RM75
    Property type
    Garden apartment buildings
    APN
    16 137 08 004
    APU
    1613708004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,411,000
      Market price range: $914k - $8.70M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,290,000
      Current use
      RESTAURANT
      $4,210,000
      Change: +84% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,340,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1115
    Latitude
    33.708
    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
    2024
    $195,897
    $400,000
    $5,888,800
    $6,288,800
    -
    $1,000,000
    $14,722,000
    $15,722,000

    Comparable in this City

    • Value Estimation
      $11,665,000
      6,336 SF

      6250 Hillandale Dr

      GARDEN APT, COURT APT (5+ UNITS) • 6,336 SF
      6250 Hillandale Dr, Lithonia, GA 30058-4760
      View Details
    • Value Estimation by Request
      15,616 SF

      6256 Hillandale Dr

      GARDEN APT, COURT APT (5+ UNITS) • 15,616 SF
      6256 Hillandale Dr, Lithonia, GA 30058-4786
      View Details
    • Value Estimation by Request
      7,128 SF

      2592 Kelly St

      GARDEN APT, COURT APT (5+ UNITS) • 7,128 SF
      2592 Kelly St, Lithonia, GA 30058
      View Details
    • Value Estimation by Request
      28,320 SF

      100 Camellia Ln

      GARDEN APT, COURT APT (5+ UNITS) • 28,320 SF
      100 Camellia Ln, Lithonia, GA 30058-1899
      View Details
    • Value Estimation
      $7,815,000
      14,544 SF

      6776 Covington Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 14,544 SF
      6776 Covington Hwy, Lithonia, GA 30058-4816
      View Details
    • Value Estimation
      $9,465,000
      32,700 SF

      6649 Chupp Rd

      GARDEN APT, COURT APT (5+ UNITS) • 32,700 SF
      6649 Chupp Rd, Lithonia, GA 30058
      View Details

    Similar Nearby for Sale

    • $545,000
      4,000 SF

      Lithonia Quadplex: Investor Opportunity

      Four-unit property in Lithonia, Georgia, with strong rental income potential.
      6682 Chupp Rd, Lithonia, GA 30058
      View Details
    • $545,000
      4,000 SF

      Lithonia Quadplex Investment Opportunity

      Four-unit property in Lithonia, Georgia with income potential.
      6682 Chupp Rd, Lithonia, GA 30058
      View Details
    • $2,560,000
      32.09 Acres

      Lithonia Land: 32 Acres

      Prime residential land, build your dream!
      1779 Stephenson Rd, Lithonia, GA 30058
      View Details
    • New
      $240,000
      0.31 Acres

      Lithonia, GA Single-Family Home

      Single-family home in Redan/Stonecrest with updated systems and growing equity.
      2275 Briar Knoll Rd, Lithonia, GA 30058
      View Details
    • $275,900
      0.02 Acres

      Lithonia Multi-Family Home

      Charming Lithonia home, ideal for families or investors.
      6316 Scudders Dr, Lithonia, GA 30058
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    • $59,900
      0.51 Acres

      Land in Established Lithonia Neighborhood

      Spacious lot in Lithonia, ideal for building or investment.
      6991 Bruce Cir, Lithonia, GA 30058
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      14,442 SF

      Lithonia Warehouse: 14,442 SF

      Spacious DeKalb County warehouse available.
      2230 Lithonia Industrial Blvd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      7,831 SF

      Industrial Property with Outside Storage

      Industrial building with outside storage and fenced yard for lease.
      6523 Marbut Rd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      8,000 SF

      Lithonia Warehouse with Storage Space

      Warehouse with shop, office, and large outside storage area.
      6520 Marbut Rd, Lithonia, GA 30058
      View Details
    • Contact for pricing

      Distribution Center BTS Opportunity

      Build-to-suit distribution center with ample parking and storage.
      8637 Covington Hwy, Lithonia, GA 30058
      View Details
    • Contact for pricing
      32,000 SF

      Stone Mountain Industrial Space

      Versatile Manufacturing/Warehouse Space Available
      2374 Stone Mountain Lithonia Rd, Lithonia, GA 30058
      View Details
    • $5 SF/Yr
      120,000 SF

      Lithonia Industrial Space Available

      Multi-use space, 120,000 sqft
      6480 Chupp Rd, Lithonia, GA 30058
      View Details
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    6813 Main St
    Lithonia, GA 30058-4482
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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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