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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Grocery and convenience stores
7101 Covington Hwy Lithonia, GA 30058-7605
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US22-2356143
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2023
Total area
1,094 SF
Lot
4.94 ac (215,186 SF)
Zoning code
C2
APN
16 104 04 002
UPID
US22-2356143
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
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$800k
Owner & transaction history
Msm Equity 6 LLC
Msm Equity 6 LLC
since 2025
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
C2 · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$790,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Apr 26 2021)
Last sale anchor
$800k
Apr 26 2021
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
$731 / 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
$15,169
Tax year 2024
Assessed value
$320,000
Assessed 2024
Previous assessed
$320,000
+0.0% YoY
Effective rate
4.74%
On assessed value
Assessed land
$320,000
Land market value
$800,000
Total market value
$800,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2023
Heating
NONE
Stories
1
Bathrooms
0
Total area
1,094 SF
Lot
4.94 ac (215,186 SF)
Zoning code
C2
APN
16 104 04 002
UPID
US22-2356143
Jurisdiction
DE KALB
Zoning & alternative use
C2 · Lithonia, GA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
1
Bathrooms
0
Lot
4.94 ac
Current owner
From public records · entity-resolved
Msm Equity 6 LLC
Entity
Mailing address
5887 GLENRIDGE DR STE #440, ATLANTA, GA 30328-5577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
$5,350,000
Msm Equity 6 LLC
Aij Covington LLC
Deed
$3,000,000 · United Bank
Mar 6, 2025
—
Aij Covington LLC
—
Deed
related
$4,208,000 · Hometrust Bank
Apr 26, 2021
$800,000
Aij Covington LLC
Lithonia Real Estate Development Ll
Limited Warranty Deed
—
Jun 23, 2020
—
Lithonia Real Estate Developme
—
Deed
related
$300,000 · Newton Federal Bank
Nov 27, 2019
—
Lithonia Real Estate Dev LLC
—
Trustees Deed
related
$400,000 · 556 Metropolitan Holdings LLC
Apr 10, 2018
—
Madison Investments USA LLC
—
Trustees Deed
related
$350,000 · 556 Metropolitan Holdings Ll
Aug 1, 2017
$225,000
Madison Investment USA LLC
Pfs Group LLC
Grant Deed
$132,000 · Term Financial Group LLC
Aug 24, 2016
$147,000
Lithonia Real Estate Dev LLC
Broadriver Trf I LP Series C
Grant Deed
—
Mar 11, 2015
—
Broadriver Trf I LP
Broadriver Trf I LP
Quit Claim Deed
related
—
Dec 17, 2013
$127,000
Broadriver Trf I LP
Tax Commissioner Of Dekalb County
Tax Deed
—
Mar 3, 2009
—
Roswell Holdings LLC
Social Enrichment INC
Grant Deed
related
—
Jul 26, 2004
$674,900
Social Enrichments INC
Halpern Ents INC
Grant Deed
—
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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