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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6835 Covington Hwy Lithonia, GA 30058-4817

    • Manufacturing properties
    • 2,130 SF
    • 1.41 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    5.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US22-0079277
    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

    • LTC Auto Repairs / Auto Repair Shop
    • Pleasant Cash For Junk Cars / Junkyard
    • MEK Auto Services and Towing / Auto Repair Shop / Car Repair And Maintenance Service

    Property Details for 6835 Covington Hwy

    Year built
    1954
    Lot size
    1.41 lot acres
    Property size
    2,130 SF
    Zone code
    C2
    Property type
    Manufacturing properties
    APN
    16 089 02 011
    APU
    1608902011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $215,000
      6.5%
      $200,000
      7%
      $185,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $340,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $400,000
      Change: +17% Conversion: Difficult
      MEDICAL BUILDING
      $400,000
      Change: +17% Conversion: Difficult
      OFFICE BUILDING
      $370,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $355,000
      Change: +4% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $310,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.1393
    Latitude
    33.7164
    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
    $8,731
    $48,604
    $118,996
    $167,600
    -
    $121,510
    $297,490
    $419,000

    Comparable in this City

    • Value Estimation
      $660,000
      26,800 SF

      6863 Chapman Rd

      MANUFACTURING (LIGHT) • 26,800 SF
      6863 Chapman Rd, Lithonia, GA 30058-5211
      View Details
    • Value Estimation
      $505,000
      242,000 SF

      6500 Marbut Rd

      MANUFACTURING (LIGHT) • 242,000 SF
      6500 Marbut Rd, Lithonia, GA 30058-5342
      View Details
    • Value Estimation by Request
      25,070 SF

      7216 Maddox Rd

      Life science properties • 25,070 SF
      7216 Maddox Rd, Lithonia, GA 30058
      View Details
    • Value Estimation
      $660,000
      91,700 SF

      2399 Stone Mtn Lithonia Rd

      MANUFACTURING (LIGHT) • 91,700 SF
      2399 Stone Mtn Lithonia Rd, Lithonia, GA 30058-5223
      View Details
    • Value Estimation
      $760,000
      33,430 SF

      2250 Stephenson Rd

      MANUFACTURING (LIGHT) • 33,430 SF
      2250 Stephenson Rd, Lithonia, GA 30058-5870
      View Details
    • Value Estimation
      $660,000
      315,557 SF

      6792 Marbut Rd

      MANUFACTURING (LIGHT) • 315,557 SF
      6792 Marbut Rd, Lithonia, GA 30058-5236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      74,105 SF

      Renovated Industrial Building with Crane

      74,105 SF industrial building renovated in 2022, crane, outside storage.
      2101 Randall Rd, Lithonia, GA 30058
      View Details
    • $1,100,000
      8,450 SF

      Lithonia Industrial Property - $1.1M

      8,450 SF Industrial Building, Value-Add Opportunity
      7544 Conyers St, Lithonia, GA 30058
      View Details
    • $3,500,000
      20,000 SF

      Lithonia Mini Mall Investment

      High-yield, multi-tenant industrial flex space.
      7173 Covington Hwy, Lithonia, GA 30058
      View Details
    • $400,000
      1.15 Acres

      Stonecrest Outparcel Development Site

      1.15-Acre Commercial Land, High Visibility
      6600 Old Hillandale Dr, Stonecrest, GA 30058
      View Details
    • $805,000
      9,036 SF

      Lithonia Warehouse: $805,000

      Spacious Warehouse, Ideal Location
      2746 Evans Mill Rd, Lithonia, GA 30058
      View Details
    • $3,950,000
      17,000 SF

      Lithonia Industrial Complex: 17,000 SF

      5-acre industrial property, 3 buildings, I-20 access.
      8430 Covington Hwy, Lithonia, GA 30058
      View Details

    Similar Nearby for Lease

    • 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
    • $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.
      2219 Lithonia Industrial Blvd, 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
    • $5 SF/Yr
      120,000 SF

      Lithonia Industrial Space Available

      Multi-use space, 120,000 sqft
      6480 Chupp Rd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      16,000 SF

      Snapfinger Warehouse: 5,000 SF Available

      Prime I-20 East industrial space. Multiple tenants welcome.
      6450 Old Hillandale Dr, Lithonia, GA 30058
      View Details
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    6835 Covington Hwy
    Lithonia, GA 30058-4817
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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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