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    8011 Rockbridge Rd Lithonia, GA 30058
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    8011 Rockbridge Rd Lithonia, GA 30058

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    • Commercial real estate
    Off-Market
    Property ID
    US22-0426441
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8011 Rockbridge Rd

    Property type
    Commercial real estate
    APN
    16 193 03 007

    Description

    This exceptional 21,780 square foot parcel of land, located at 8011 Rockbridge Rd SW in Lithonia, Georgia (zip code 30058), presents a compelling investment opportunity. The property is zoned R-100, offering diverse development potential. Its future land use designation of "suburban" allows for a range of zoning possibilities, including C1, OI, RE, and NS. This prime location boasts high visibility due to its proximity to a signalized intersection. The property enjoys a strategic position directly across the street from established businesses such as Planet Fitness and Waffle House, as well as a shopping plaza, ensuring high traffic and excellent exposure. The APN is 16 193 03 007. The asking price for this exceptional land is $190,000. Note that a separate, similarly owned 1-acre parcel at 700 Rock Chapel Rd, Lithonia, GA is also available for $325,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithonia
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.075301
    Latitude
    33.7742859

    Comparable in this City

    • $240,000
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      Lithonia, GA Single-Family Home

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      2275 Briar Knoll Rd, Lithonia, GA 30058
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    • $59,900
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      Land For Sale Lithonia, GA

      Charming corner lot near shopping, schools, and Stone Mountain Park.
      1077 Crooked Creek Rd, Lithonia, GA 30058
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    • $60,000
      1.96 Acres

      Land in Prime Lithonia Location

      1.96-acre lot, ideal for building a custom home.
      8929 Pleasant Hill Rd, Lithonia, GA 30058
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    • $135,000
      1.80 Acres

      Conyers, GA Wooded Land Parcel

      1.8-acre wooded lot in Conyers, GA, ready for custom home.
      2930 Bonds Lake Rd NW, Conyers, GA 30058
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    • $2,000,000
      17.69 Acres

      Prime Land in Lithonia, GA

      17.69-acre parcel with dual road frontage in high-growth area.
      7878 Covington Hwy, Lithonia, GA 30058
      View Details

    Similar Nearby for Sale

    • $240,000
      Pending

      Lithonia, GA Single-Family Home

      Single-family home in Redan/Stonecrest with updated systems and growing equity.
      2275 Briar Knoll Rd, Lithonia, GA 30058
      View Details
    • $59,900
      0.20 Acres

      Land For Sale Lithonia, GA

      Charming corner lot near shopping, schools, and Stone Mountain Park.
      1077 Crooked Creek Rd, Lithonia, GA 30058
      View Details
    • $60,000
      1.96 Acres

      Land in Prime Lithonia Location

      1.96-acre lot, ideal for building a custom home.
      8929 Pleasant Hill Rd, Lithonia, GA 30058
      View Details
    • $135,000
      1.80 Acres

      Conyers, GA Wooded Land Parcel

      1.8-acre wooded lot in Conyers, GA, ready for custom home.
      2930 Bonds Lake Rd NW, Conyers, GA 30058
      View Details
    • $2,000,000
      17.69 Acres

      Prime Land in Lithonia, GA

      17.69-acre parcel with dual road frontage in high-growth area.
      7878 Covington Hwy, Lithonia, GA 30058
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      5.5 AC Industrial Outdoor Storage

      5.5 AC industrial land for outdoor storage, fenced and lit.
      2269 Randall Rd, Lithonia, GA 30058
      View Details
    • Contact for pricing
      7,831 SF

      Industrial Property with Outside Storage

      Industrial building with outside storage and fenced yard for lease.
      6523 Marbut Rd, Lithonia, GA 30058
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    • Contact for pricing

      Usable Acre Drop Lot

      3-acre drop lot for lease near I-20.
      6515 Marbut Rd, Lithonia, GA 30058
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    • Contact for pricing

      8.75 Acre Trailer Lot

      8.75 acre trailer lot/outside storage available for rent.
      8637 Covington Hwy, Lithonia, GA 30058
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    • Contact for pricing

      Industrial Land for Ground Lease

      7.72 acres of industrial land available for ground lease.
      2267 Rock Chapel Rd, Lithonia, GA 30058
      View Details
    • Contact for pricing

      Industrial Building with Outside Storage

      7,831 SF industrial building with 2.2 AC outside storage.
      6523 Marbut Rd, Lithonia, GA 30058
      View Details
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    Lithonia, GA 30058
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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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