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

    7151 Frst Lk Pkwy Lithonia, GA 30038

    • Commercial land
    • 11,472 SF
    • 95.60 lot acres
    OFF-MARKET
    Value Estimations
    $2,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1963949
    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

    • Commercial land

    Property Details for 7151 Frst Lk Pkwy

    Lot size
    95.60 lot acres
    Property size
    11,472 SF
    Zone code
    OI
    Property type
    Commercial land
    APN
    16 172 01 001
    APU
    1617201001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,325,000
      6.5%
      $2,145,000
      7%
      $1,990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,613,000
      Market price range: $1.09M - $3.61M
      AI Estimate
      $2,752,000
      Market price range: $898k - $2.75M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,255,000
      Current use
      RESTAURANT
      $4,445,000
      Change: +97% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,470,000
      Change: +10% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,420,000
      Change: +7% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,160,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $2,155,000
      Change: -4% Conversion: Easy
      OFFICE BUILDING
      $1,995,000
      Change: -12% Conversion: Easy
      RETAIL STORES
      $1,920,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.0939
    Latitude
    33.6805
    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
    $35,514
    $800,000
    $0.00
    $800,000
    -
    $2,000,000
    $0.00
    $2,000,000

    Comparable in this City

    • Value Estimation by Request
      4.86 Acres

      5207 Thompson Ml Rd

      VACANT COMMERCIAL LAND • 1,861 SF
      5207 Thompson Ml Rd, Lithonia, GA 30038
      View Details
    • Value Estimation by Request
      2.90 Acres

      4746 Thompson Ml Rd

      VACANT COMMERCIAL LAND • 3,786 SF
      4746 Thompson Ml Rd, Lithonia, GA 30038-2264
      View Details
    • Value Estimation by Request
      6.25 Acres

      3232 Turner Hl Rd

      VACANT COMMERCIAL LAND • 1,760 SF
      3232 Turner Hl Rd, Lithonia, GA 30038-3220
      View Details
    • Value Estimation by Request
      4.00 Acres

      3280 Turner Hl Rd

      VACANT COMMERCIAL LAND • 2,582 SF
      3280 Turner Hl Rd, Lithonia, GA 30038-3220
      View Details
    • Value Estimation
      $1,105,000
      1.04 Acres

      3620 Turner Hl Rd

      VACANT COMMERCIAL LAND • 11,472 SF
      3620 Turner Hl Rd, Lithonia, GA 30038
      View Details
    • Value Estimation by Request
      0.49 Acres

      5410 Fairington Rd

      VACANT COMMERCIAL LAND • 1,123 SF
      5410 Fairington Rd, Lithonia, GA 30038-1201
      View Details

    Similar Nearby for Sale

    • $66,000
      0.58 Acres

      Lithonia Vacant Land For Sale

      Vacant land with utilities available, near Atlanta and the airport.
      7144 Browns Mill Rd, Lithonia, GA 30038
      View Details
    • $795,000
      2.60 Acres

      Land Near Stonecrest Mall

      2.6 acres of vacant land near Interstate 20.
      6753 Millwood Ln, Lithonia, GA 30038
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    • $55,000
      0.45 Acres

      Lithonia Vacant Land Near Atlanta

      Vacant land near Atlanta and the airport with utilities available.
      7134 Browns Mill Rd, Lithonia, GA 30038
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    • $329,000

      Land Near Stonecrest Mall

      3.07-acre site near I-20, ideal for storage/flex building.
      8489 I-20 East Access, Lithonia, GA 30038
      View Details
    • $55,000
      0.50 Acres

      Lithonia Vacant Land For Sale

      Vacant land near Atlanta and Hartsfield Jackson Airport.
      7126 Browns Mill Rd, Lithonia, GA 30038
      View Details
    • $42,995
      0.81 Acres

      Residential Land in Stonecrest

      0.8-acre lot for dream home in Lithonia, Georgia.
      3216 Boulder Brook Dr, Lithonia, GA 30038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Stonecrest

      Commercial land available for lease in Stonecrest, Georgia.
      2918 Turner Hill Rd, Lithonia, GA 30038
      View Details
    • $2,250 /Mo
      7,500 SF

      Lithonia Office Suite For Rent

      Office suite with private rooms, suitable for various businesses.
      7910 Mall Ring Rd Unit, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,200 square feet.
      6768 Browns Mill Rd, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Stonecrest, Georgia.
      8100 Mall Pkwy, Lithonia, GA 30038
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Stonecrest, Georgia.
      7331 Stonecrest Concourse, Lithonia, GA 30038
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Busy Center

      1,350 SF retail space in high-traffic shopping center.
      3552 Panola Rd, Lithonia, GA 30038
      View Details
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    Lithonia, GA 30038
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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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