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    Veterans Memorial Hwy Lithia Springs, GA 30122
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    Property profile & analytics

    Veterans Memorial Hwy, Lithia Springs, GA 30122

    View on Map
    • Outlet malls
    • 7,980 SF
    • 0.89 lot acres
    Off-Market
    Last Sale Nov 4, 2022
    $1,376,165
    Property ID
    US22-1488192
    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
    $1,225,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for Veterans Memorial Hwy

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    0.89 lot acres
    Zone code
    C-G
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    0252-18-2- -00017
    APU
    25218200017

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 2022 $1,376,165 Frc Genesis Fundsub Ga LLC Moragne A Whitney Warranty Deed $70M · Veritex Community Bank
    Oct 25, 2022 — Moragne A Whitney Cynthia S Whitney Warranty Deed · related —
    Sep 9, 2011 — M A Whitney JR. — Trustees Deed · related $305k · United Community Bank
    Aug 2, 2006 — Rental Properties Lllp Rainwater Rainwater,claude K Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $875,000
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,596,000
      Market price range: $681k - $1.60M
      AI Estimate
      $781,000
      Market price range: $135k - $781k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,120,000
      Current use
      MEDICAL BUILDING
      $1,655,000
      Change: +47% Conversion: Difficult
      OFFICE BUILDING
      $1,540,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $980,000
      Change: -12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $925,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lithia Springs
    County
    Douglas
    State
    Georgia
    Longitude
    -84.6424
    Latitude
    33.7987
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,763
    $129,880
    $397,200
    $527,080
    -
    $324,700
    $993,000
    $1,317,700

    Comparable in this City

    • Value Estimation
      $9,975,000
      103,907 SF

      1000 Thornton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      1000 Thornton Rd, Lithia Springs, GA 30122-2612
      View Details
    • Value Estimation
      $1,180,000
      14,000 SF

      7295 Lee Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      7295 Lee Rd, Lithia Springs, GA 30122-2846
      View Details
    • Value Estimation by Request
      744 SF

      10861 Veterans Memorial Hwy

      WHOLESALE OUTLET, DISCOUNT STORE
      10861 Veterans Memorial Hwy, Lithia Springs, GA 30122-1400
      View Details
    • Value Estimation by Request
      1,677 SF

      10701 Veterans Memorial Hwy

      WHOLESALE OUTLET, DISCOUNT STORE
      10701 Veterans Memorial Hwy, Lithia Springs, GA 30122-1441
      View Details
    • Value Estimation by Request
      6,500 SF

      6615 Harper Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      6615 Harper Rd, Lithia Springs, GA 30122-1139
      View Details
    • Value Estimation
      $1,980,000
      18,600 SF

      615 Thornton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      615 Thornton Rd, Lithia Springs, GA 30122-1519
      View Details

    Similar Nearby for Sale

    • New
      $500,000
      1.19 Acres

      Prime Commercial Land Opportunity

      High-traffic land near I-20, ideal for various business ventures.
      232 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • $400,000
      1.19 Acres

      Prime Commercial Land Opportunity

      High-traffic location suitable for retail, office, or medical ventures.
      232 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      1,230 SF

      Commercial Property on Sweetwater Road

      Commercial property with flexible layout and ample parking.
      7058 S Sweetwater Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing

      611 Thornton Rd, Lithia Springs, GA 30122

      Gas stations
      611 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • $450,000
      2,374 SF

      Commercial Building in Lithia Springs

      Versatile commercial property with C-H zoning and expansion potential.
      6720 S Sweetwater Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      18,785 SF

      Remodeled Retail Building on Thornton Road

      Renovated retail building with strong fundamentals and excellent visibility.
      615 Thornton Rd, Lithia Springs, GA 30122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Retail Space on Thornton Road

      1,700 SF retail space in high-traffic area near I-20.
      865 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing

      Lithia Springs Warehouse Space

      Warehouse space available for lease in Lithia Springs, GA.
      7701 Staples Dr, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      85,133 SF

      Industrial Space in Lithia Springs

      85,133 SF industrial space available for lease.
      2223 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      199,505 SF

      Lithia Springs Warehouse Space

      199,505 square foot warehouse space available for lease.
      750 Maxham Rd, Lithia Springs, GA 30122
      View Details
    • $2,000 /Mo

      Freestanding Commercial House in Lithia

      2,400 SF commercial house for lease in Lithia Springs.
      6869 S Sweetwater Rd, Lithia Springs, GA 30122
      View Details
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    Lithia Springs, GA 30122
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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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