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Property profile & analytics
OFF-MARKET
Medical Office Space
7670 Covington Hwy Lithonia, GA 30058
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1131764
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
WOOD FRAME
Total area
1,426 SF
Lot
0.26 ac (11,326 SF)
Zoning code
OI
APN
16 137 08 038
UPID
US22-1131764
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Four Oaks Properties LLC · 7 yrs held
Four Oaks Properties LLC
since 2019
2 recorded transactions
Zoning & alternative use
OI · Lithonia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the mayor and city council in establishing the O-I (OfficeInstitution) District is to provide convenient areas within the city for the location of office and institutional uses which are necessary for the residents and business and professional practitioners within the city
Zone name
Office Institution
General category
CIVIC_INSTITUTIONAL
Zone area
61.81 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,805
Tax year 2024
Assessed value
$49,280
Assessed 2024
Previous assessed
$49,280
+0.0% YoY
Effective rate
5.69%
On assessed value
Assessed land
$14,916
Assessed improvement
$34,364
Land market value
$37,290
Improvement market value
$85,910
Total market value
$123,200
Applied tax rate
80.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1971
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
1,426 SF
Lot
0.26 ac (11,326 SF)
Zoning code
OI
APN
16 137 08 038
UPID
US22-1131764
Jurisdiction
DE KALB
Zoning & alternative use
OI · Lithonia, GAZoning OI · permitted uses
OI · Lithonia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the mayor and city council in establishing the O-I (OfficeInstitution) District is to provide convenient areas within the city for the location of office and institutional uses which are necessary for the residents and business and professional practitioners within the city
Zone name
Office Institution
General category
CIVIC_INSTITUTIONAL
Zone area
61.81 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1971
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Four Oaks Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
7660 COVINGTON HWY, LITHONIA, GA 30058-7415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2019
—
Four Oaks Properties LLC
Foster,emily C
Quit Claim Deed
related
—
May 31, 2019
—
Emily C Foster
Foster Harry R JR
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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