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    Property profile & analytics

    1956 Duluth Hwy Lawrenceville, GA 30043

    • Commercial real estate
    • 19,820 SF
    • 3.20 lot acres
    For Lease
    View listing
    Last Sale
    Jan 24, 2020
    $5,100,000
    Value Estimations
    $5,650,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2010062
    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.

    Current Use by Public Records

    • Hondos Shrimp & Fish / Restaurant
    • Elevation IV DripBar / Spa & Massage Center
    • mortgage ready / Loan Service / Bank
    • Sunflour Dessert & Coffee / Bakery / Take-out & Catering
    • Vape Cabin - Sugarloaf Mills | Vape • Smoke • CBD / (Bike/Boat/Book/etc) Store

    Property Details for 1956 Duluth Hwy

    Year built
    2007
    Lot size
    3.20 lot acres
    Property size
    19,820 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Commercial real estate
    APN
    7-081 -116
    APU
    7081116

    Description

    Discover Commons offers a prime retail opportunity in Lawrenceville, Georgia. This multi-tenant commercial property, located at 1956 Duluth Highway, boasts a total of 30,666 square feet. Currently, there is 1,320 square feet of vacant space available, perfect for a variety of retail businesses. The property enjoys exceptional visibility on Duluth Highway, directly across from the bustling Sugarloaf Mills Mall, ensuring high foot traffic and brand exposure. Situated in Gwinnett County, zip code 30043, this location provides easy access to major transportation routes and a strong customer base. The property's classification as a multi-tenant building offers a collaborative environment and shared amenities. The available 1,320 square foot space presents a unique chance to establish or expand a retail presence in a thriving commercial area. This is an excellent opportunity for businesses seeking high visibility and convenient access to a large consumer market. The property's strategic location and ample space make it an ideal choice for retailers looking to capitalize on the significant traffic generated by the nearby Sugarloaf Mills Mall. Serious inquiries are encouraged to explore this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,755,000
      ML approach
      $7,705,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,015,000
      6.5%
      $3,705,000
      7%
      $3,440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,549,000
      Market price range: $1.38M - $4.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,950,000
      Current use
      RESTAURANT
      $9,365,000
      Change: +57% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,855,000
      Change: +49% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,985,000
      Change: +17% Conversion: Moderate
      MEDICAL BUILDING
      $6,065,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $5,355,000
      Change: -10% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,220,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $4,835,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.082
    Latitude
    33.9764
    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
    $69,258
    $560,000
    $1,108,200
    $1,668,200
    -
    $1,400,000
    $2,770,500
    $4,170,500

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Buford Dr

      COMMERCIAL (GENERAL) • 0.08 Acres
      Buford Dr, Lawrenceville, GA 30043
      View Details
    • Value Estimation
      $1,020,000
      6,000 SF

      2211 Riverside Pkwy

      COMMERCIAL (GENERAL) • 6,000 SF
      2211 Riverside Pkwy, Lawrenceville, GA 30043-5942
      View Details
    • Value Estimation
      $1,760,000
      9,146 SF

      355 Alba Blvd

      COMMERCIAL (GENERAL) • 9,146 SF
      355 Alba Blvd, Lawrenceville, GA 30043-6469
      View Details
    • Value Estimation by Request
      3.44 Acres

      1700 Belle Meade Ct

      COMMERCIAL (GENERAL) • 3.44 Acres
      1700 Belle Meade Ct, Lawrenceville, GA 30043-5854
      View Details
    • Value Estimation
      $3,720,000
      19,836 SF

      1424 Brown Rd

      COMMERCIAL (GENERAL) • 19,836 SF
      1424 Brown Rd, Lawrenceville, GA 30043-8117
      View Details
    • Value Estimation
      $2,040,000
      8,800 SF

      1812 Brown Rd

      COMMERCIAL (GENERAL) • 8,800 SF
      1812 Brown Rd, Lawrenceville, GA 30043-1801
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Industrial Property Near Highway 316

      Industrial space with excellent highway access and strong local amenities.
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    • $15 SF/Yr
      1,500 SF

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      1,500 SF retail space with excellent frontage and visibility.
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    • $1,411 /Mo

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    • Contact for pricing
      30,666 SF

      Discover Commons Retail Space

      High-visibility Lawrenceville retail space.
      1956 Duluth Hwy, Lawrenceville, GA 30043
      View Details
    • $16 SF/Yr
      98,306 SF

      Lawrenceville Flex Space for Lease

      Modern Flex Warehouse, Gwinnett County
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      View Details
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    1956 Duluth Hwy
    Lawrenceville, GA 30043
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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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