Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7331 Stonecrest Concourse Stonecrest, GA 30038

    • Strip malls
    • 8,440 SF
    • 1.58 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1543293
    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

    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 7331 Stonecrest Concourse

    Year built
    2003
    Lot size
    1.58 lot acres
    Property size
    8,440 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16 170 01 026
    APU
    1617001026

    Description

    This exceptional retail opportunity is located within the Shops at Stonecrest, a vibrant shopping center in Lithonia, Georgia. The property boasts a total of 8,400 square feet, with 1,200 square feet currently available for lease. This space presents a fantastic chance for businesses seeking high visibility and convenient access within a thriving commercial area. The property is zoned C5, allowing for a wide range of retail uses. The address is 7331 Stonecrest Concourse, Stonecrest, GA 30038, providing easy access for customers and employees. The building is part of a multi-tenant shopping center, offering the benefit of shared amenities and increased foot traffic. The available space totals 1,200 square feet, providing ample room for a variety of retail concepts. This is an ideal location for businesses looking to establish a strong presence in a growing community. The property's strategic location within Stonecrest offers excellent visibility and accessibility, making it an attractive option for businesses seeking to reach a large customer base. The C5 zoning provides flexibility for a variety of retail uses, allowing for a wide range of business possibilities. Don't miss this opportunity to secure a prime retail space in a thriving commercial center. Contact us today to learn more about leasing this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,590,000
      Current use
      AUTO REPAIR, GARAGE
      $1,820,000
      Change: +14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,780,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,660,000
      Change: +4% Conversion: Easy
      MEDICAL BUILDING
      $1,585,000
      Change: -0% Conversion: Difficult
      OFFICE BUILDING
      $1,465,000
      Change: -8% Conversion: Moderate
      RETAIL STORES
      $1,410,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.0913
    Latitude
    33.6946
    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
    $29,111
    $174,840
    $407,960
    $582,800
    -
    $437,100
    $1,019,900
    $1,457,000

    Comparable in this City

    • Value Estimation
      $900,000
      7,360 SF

      3275 Snapfinger Rd

      SHOPPING CENTER, STRIP CENTER • 7,360 SF
      3275 Snapfinger Rd, Lithonia, GA 30038-2676
      View Details
    • Value Estimation
      $4,960,000
      48,400 SF

      3014 Stonecrest Way

      SHOPPING CENTER, STRIP CENTER • 48,400 SF
      3014 Stonecrest Way, Lithonia, GA 30038
      View Details
    • Value Estimation
      $2,035,000
      12,800 SF

      2567 Fairington Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,800 SF
      2567 Fairington Pkwy, Lithonia, GA 30038
      View Details
    • Value Estimation
      $6,245,000
      44,560 SF

      3552 Panola Rd

      SHOPPING CENTER, STRIP CENTER • 44,560 SF
      3552 Panola Rd, Lithonia, GA 30038-2731
      View Details
    • Value Estimation
      $3,060,000
      53,985 SF

      2902 Evans Ml Rd

      SHOPPING CENTER, STRIP CENTER • 53,985 SF
      2902 Evans Ml Rd, Lithonia, GA 30038
      View Details
    • Value Estimation
      $1,815,000
      11,200 SF

      3054 Panola Rd

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      3054 Panola Rd, Lithonia, GA 30038-5315
      View Details

    Similar Nearby for Sale

    • $1,199,900

      Stonecrest Commercial Property For Sale

      Commercial property in Stonecrest's retail corridor, near The Mall.
      7322 Stonecrest Concourse, Lithonia, GA 30038
      View Details
    • $1,300,000

      Freestanding Building in Stonecrest, GA

      High-visibility 4,233 SF building suitable for various uses.
      8217 Mall Pkwy, Lithonia, GA 30038
      View Details
    • $199,900
      11.10 Acres

      Secluded Land in Lithonia, GA

      11+ acre residential land near Stonecrest Mall and I-20.
      4406 Roundtree Ln, Lithonia, GA 30038
      View Details
    • Contact for pricing
      0.80 Acres

      Corner Lot in Lithonia, GA

      0.8-acre corner lot with swim and tennis amenities.
      3724 Eagles Beek Cir, Lithonia, GA 30038
      View Details
    • $495,000
      3.46 Acres

      Lithonia Land Development Opportunity

      3.5-acre residential land parcel in a growing area.
      7100 Browns Mill Rd, Lithonia, GA 30038
      View Details
    • $200,000
      0.40 Acres

      Residential Lot in Quiet Cul-de-Sac

      Residential lot in Lithonia, GA, perfect for building a home.
      4394 Donna Way, Lithonia, GA 30038
      View Details

    Similar Nearby for Lease

    • 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
      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
      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
    • Contact for pricing

      Retail Space Near Stonecrest Mall

      Retail spaces for lease near Stonecrest Mall, Stonecrest, GA.
      8080 Mall Pkwy, 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
      89,193 SF

      Stonecrest Promenade Retail Center

      Large Retail Space Available in DeKalb County
      3001 Stonecrest Promenade, Stonecrest, GA 30038
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7331 Stonecrest Concourse
    Stonecrest, GA 30038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!