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

    7215 Stonecrest Pkwy Lithonia, GA 30038-2563

    • Medical offices
    • 3,304 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1600492
    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

    • Dr. Young Shim / Dental Office
    • Dr. Erik Goodwin / Dental Office
    • Wayne Miller / Dental Office
    • Erik Thurston Goodwin / Dental Office

    Property Details for 7215 Stonecrest Pkwy

    Year built
    2003
    Lot size
    1.08 lot acres
    Property size
    3,304 SF
    Zone code
    C1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    16 170 04 008
    APU
    1617004008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $800,000
      6.5%
      $735,000
      7%
      $685,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $620,000
      Current use
      AUTO REPAIR, GARAGE
      $710,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $650,000
      Change: +5% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $620,000
      Change: +0% Conversion: Difficult
      OFFICE BUILDING
      $575,000
      Change: -7% Conversion: Easy
      RETAIL STORES
      $555,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.0903
    Latitude
    33.6965
    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
    $17,224
    $225,800
    $138,840
    $364,640
    -
    $564,500
    $347,100
    $911,600

    Comparable in this City

    • Value Estimation
      $6,675,000
      30,888 SF

      8225 Mall Pkwy

      MEDICAL BUILDING • 30,888 SF
      8225 Mall Pkwy, Lithonia, GA 30038-6994
      View Details
    • Value Estimation
      $2,480,000
      19,055 SF

      8011 Mall Pkwy

      MEDICAL BUILDING • 19,055 SF
      8011 Mall Pkwy, Lithonia, GA 30038-2543
      View Details
    • Value Estimation
      $1,270,000
      7,275 SF

      8425 Mall Pkwy

      MEDICAL BUILDING • 7,275 SF
      8425 Mall Pkwy, Lithonia, GA 30038-6914
      View Details
    • Value Estimation
      $725,000
      3,925 SF

      8052 Mall Pkwy

      CONDOMINIUM OFFICES • 3,925 SF
      8052 Mall Pkwy, Lithonia, GA 30038-2649
      View Details
    • Value Estimation
      $1,560,000
      7,500 SF

      5353 Fairington Rd

      OFFICE BUILDING • 7,500 SF
      5353 Fairington Rd, Lithonia, GA 30038-1162
      View Details
    • Value Estimation by Request
      2,200 SF

      8052 Mall Pkwy

      CONDOMINIUM OFFICES • 2,200 SF
      8052 Mall Pkwy, Lithonia, GA 30038-2649
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4,233 SF

      Freestanding Building in Stonecrest, GA

      High-visibility 4,233 SF building suitable for various uses.
      8217 Mall Pkwy, Lithonia, GA 30038
      View Details
    • $275,900
      1.90 Acres

      Lithonia Land in Sandstone Estates

      Wooded basement lot in Stonecrest's luxury Sandstone Estates.
      5236 Sandy Shores Ct, Lithonia, GA 30038
      View Details
    • $39,900
      0.50 Acres

      Half-Acre Residential Lot in Lithonia

      Residential lot in established community, convenient to amenities and nature.
      3627 Springtree Dr, Lithonia, GA 30038
      View Details
    • $99,000
      0.67 Acres

      Lithonia Residential Lot For Sale

      0.67 acre residential lot ready for development in Lithonia, GA.
      7116 Browns Mill Rd, Lithonia, GA 30038
      View Details
    • $100,000
      2.50 Acres

      Lithonia Land: Build Your Vision

      2.5 acres in Lithonia, GA, ready for development.
      4218 Flat Rock Rd, Lithonia, GA 30038
      View Details
    • $78,000
      1.53 Acres

      Lithonia Land Parcel For Sale

      1.53± acre wooded lot in Lithonia, zoned R3.
      5440 Browns Mill Rd, Lithonia, GA 30038
      View Details

    Similar Nearby for Lease

    • New
      $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
    • New
      $4,500 /Mo
      7,500 SF

      Professional Office Space Available

      Professional office space available in established Lithonia business complex.
      7910 Mall Ring Rd Unit, Lithonia, GA 30038
      View Details
    • Contact for pricing
      1 SF

      Stonecrest Retail Outparcel Opportunity

      High-traffic location, 0.72 acres.
      2918 Turner Hl Rd, Stonecrest, GA 30038
      View Details
    • Contact for pricing
      264,609 SF

      Stonecrest Marketplace Retail Center

      Prime Retail Space Available in Stonecrest, GA
      8100 Mall Pkwy, Stonecrest, GA 30038
      View Details
    • Contact for pricing
      8,400 SF

      Shops at Stonecrest: Retail Space

      Prime Stonecrest Retail, 1,200 SF Available
      7331 Stonecrest Concourse, Stonecrest, 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 30038-2563
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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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