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Property profile & analytics
OFF-MARKET
Estimated value
$3,405,000
Retail space
7046 Covington Hwy Lithonia, GA 30058-7651
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-0269110
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
10,217 SF
Lot
1.93 ac (84,071 SF)
Zoning code
C1
APN
16 104 01 024
UPID
US22-0269110
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
Current use
Occupant on record · Public records
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Kut Zone Barber Shop
-
Fireside Jamaican Restaurant Restaurant
-
Chevron Gas Station
-
AL-Madina Disposal Office Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$3.41M
Owner & transaction history
Ans Investment Group LLC · 2 yrs held
Ans Investment Group LLC
since 2023
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
C1 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+131.6%
Auto repair, garage
$2.2M
+28.8%
Apartment house (5+ units)
$2.2M
+26.1%
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
$3,175,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
$2,395,000
6.5%
$2,210,000
7%
$2,055,000
Alternative Use
Use
Estimation
RESTAURANT
$3,960,000
Change: +132% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,200,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,155,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$3.41M
Range $3.06M – $3.75M · ±10% · vs last sale $3.60M (Aug 15 2023)
Last sale anchor
$3.60M
Aug 15 2023
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
$333 / 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
$28,739
Tax year 2024
Assessed value
$603,080
Assessed 2024
Previous assessed
$603,080
+0.0% YoY
Effective rate
4.77%
On assessed value
Assessed land
$235,360
Assessed improvement
$367,720
Land market value
$588,400
Improvement market value
$919,300
Total market value
$1,507,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
YES
Stories
1
Total area
10,217 SF
Lot
1.93 ac (84,071 SF)
Zoning code
C1
APN
16 104 01 024
UPID
US22-0269110
Jurisdiction
DE KALB
Zoning & alternative use
C1 · Lithonia, GA
Zoning C1 · permitted uses
C1 · 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
$4.0M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Ans Investment Group LLC
Entity
Mailing address
7046 COVINGTON HWY, LITHONIA, GA 30058-7651
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Ans Investment Group LLC
—
Deed
related
$3,835,000 · A N S Investment Group
Sep 20, 2023
—
A N S Investment Group LLC
—
Deed
related
$3,835,000 · Piedmont Bank
Aug 15, 2023
—
Ans Investment Group LLC
United Business LLC
Quit Claim Deed
related
—
May 28, 2021
—
Aaliya Investments INC
—
Deed
related
$200,000 · Equity Solutions
Oct 14, 2016
—
Ans Investments Group LLC
United Busines LLC
Quit Claim Deed
related
—
Oct 14, 2016
$3,600,000
Ans Investments Group LLC
United Business LLC
Grant Deed
$3,195,000 · State Bk&tr
Mar 2, 2010
—
United Business LLC
Arc Petroleum INC
Grant Deed
related
—
Apr 9, 2007
$3,750,000
Arc Petroleum INC
Jvm Buisiness INC
Grant Deed
—
—
—
Arc,petroleum INC
—
Deed Of Trust
related
—
—
—
United Business LLC
—
Deed Of Trust
related
$40,000 · Quantum National Bank
—
—
United Business LLC
—
Deed Of Trust
related
$2,245,000 · Quantum National Bank
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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