Property profile

7550 Covington Hwy Lithonia, GA 30058

OFF-MARKET
Retail space
Property ID
US22-4284437
13,092 SF 2.39 ac lot Built 2007
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction WOOD FRAME
Total area 13,092 SF
Lot 2.39 ac (104,065 SF)
Zoning code C1
APN 16 137 09 006
UPID US22-4284437

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Security Service
  • Bank Credit Union
  • Pharmacy
  • Crypto Atm
  • Pharmacy

Location

7550 Covington Hwy Lithonia, GA 30058-7402
Lithonia metro Census 23317 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.84M
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$2.04M

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Lithonia, GA
Zoning description

The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $2.8M +28.8%
Apartment house (5+ units) $2.8M +26.1%
Neighborhood: shopping center $2.5M +12.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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