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Financial
Distress signals
Property profile

8430 Covington Hwy Lithonia, GA 30058

FOR SALE
Auto shops
Property ID
US22-1810166
4,040 SF 5.03 ac lot Built 1974
Last sale Dec 2021
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 17,000-square-foot industrial property, situated on a 5-acre lot in Lithonia, Georgia, presents a compelling investment opportunity. The property boasts three distinct buildings strategically positioned off Covington Highway, less than half a mile from Interstate 20, ensuring excellent accessibility. The zoning is designated as Heavy Industrial, allowing for a wide range of potential uses. The buildings offer a diverse range of spaces, ideal for various industrial…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$14k
Tax billed · 2024
Assessed value$143k
Assessed land$59k
Assessed improvement$84k
Effective rate9.76%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$373k
Vacancy & credit loss−$32k
Operating expenses−$102k
NOI · 6.83% cap applied$239k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$215/SF
County average, outlier-cleaned · 111 recorded sales of this use type
Observed band · Q1–Q3$103 – $378
Qualifying comparables10

Cap rate analysis

How does the asset earn?
6.83%
$239k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M2
JurisdictionDE KALB

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.5
Kitchen & Bath8.9
HVAC Service8.7

Location

8430 Covington Hwy Lithonia, GA 30058
County assessor Recorded deeds · 2 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2395 Rock Chapel, Lithonia, GA 30058-5338 $150,000 Feb 2025 2,230 SF
7005 Swift, Lithonia, GA 30058-4342 $120,000 Mar 2022 6,152 SF
8109 Covington, Lithonia, GA 30058 $1,200,000 Dec 2021 4,576 SF
7215 Maddox, Lithonia, GA 30058-5112 $150,000 Oct 2019 3,029 SF
6808 Chapman, Lithonia, GA 30058-5212 $75,000 Feb 2019 4,087 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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