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Property profile & analytics
FOR SALE
Medical Office Space
8225 Mall Pkwy Lithonia, GA 30038
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0153277
No photos on file
For Sale
$6,675,000
8225 Mall Pkwy, Lithonia, GA 30038
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
30,888 SF
Lot
3.18 ac (138,521 SF)
Zoning code
OI
APN
16 182 01 018
UPID
US22-0153277
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
Current use
Occupant on record · Public records
-
Jeffrey Sylvan Grossman Physician
-
Bryan Justin Whitfield, MD Physician
-
Peachtree Spine & Sports Physicians | Lithonia Medical Clinic
-
Cleo Dennis Stafford, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.69M
CAP Approach
CAP
$6.89M
Comparable Approach
Comparable
$7.06M
Blend (final)
Blend
$6.68M
Owner & transaction history
8225 Mall Parkway Owner LLC · 3 yrs held
8225 Mall Parkway Owner LLC
since 2022
Last sale
$6.7M
7 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
Top alternative use upside
Auto repair, garage
$6.7M
+14.7%
Apartment house (5+ units)
$6.5M
+12.3%
Commercial (general)
$6.1M
+4.7%
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
Method
Estimation
Statistic approach
$6,610,000
ML approach
$6,685,000
CAP Approach
CAP Return
Estimation
6%
$7,465,000
6.5%
$6,890,000
7%
$6,400,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,800,000
Current use
AUTO REPAIR, GARAGE
$6,655,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,515,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,070,000
Change: +5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,820,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$5,370,000
Change: -7% · Conversion: Easy
RETAIL STORES
$5,165,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$6.68M
Range $6.01M – $7.34M · ±10% · vs last sale $6.70M (May 12 2021)
Last sale anchor
$6.70M
May 12 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$216 / SF
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
$125,169
Tax year 2024
Assessed value
$2,754,360
Assessed 2024
Previous assessed
$2,754,360
+0.0% YoY
Effective rate
4.54%
On assessed value
Assessed land
$664,920
Assessed improvement
$2,089,440
Land market value
$1,662,300
Improvement market value
$5,223,600
Total market value
$6,885,900
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
For Sale
Year built
2005
Heating
NONE
Cooling
YES
Stories
2
Total area
30,888 SF
Lot
3.18 ac (138,521 SF)
Zoning code
OI
APN
16 182 01 018
UPID
US22-0153277
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.18 ac
Current owner
From public records · entity-resolved
8225 Mall Parkway Owner LLC
Entity
Mailing address
661 UNIVERSITY BLVD STE #200, JUPITER, FL 33458-2795
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$6,940,000
8225 Mall Parkway Owner LLC
Womob 8225 Mall Pky LLC
Warranty Deed
$144,932,992 · Capital One
May 12, 2021
$6,700,000
Womob 8225 Mall Pky LLC
Sep Lithonia Mob LLC
Warranty Deed
$79,940,000 · Capital One
Jan 13, 2021
—
Sep Lithonia Mob LLC
—
Deed
related
$3,590,259 · Mb Fin'l Bk
Dec 17, 2015
$6,050,000
Sep Lithonia Mob LLC
8225 Mall Parkway LLC
Grant Deed
$3,932,500 · Mb Fin'l Bk
Dec 15, 2008
—
8225 Mall Parkway LLC
Cfn INC
Grant Deed
related
—
Aug 31, 2007
$5,100,000
8225 Mall Parkway LLC
Integrity Bank
Grant Deed
$4,900,000 · Red Mountain Bank NA
Aug 31, 2007
—
Dekalb County
Cfn INC
Grant Deed
related
—
Sep 2, 2005
—
Stonecrest Med Promendade LLC
—
Trustees Deed
related
$500,000 · John Wieland Homes Neighborhood
—
—
Sep Lithonia Mob LLC
—
Loan Modification
related
$3,590,259 · Mb Fin'l Bk
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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