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    249 N Price Road Sugar Hill, GA 30518

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    Claim this Listing
    For Lease
    $4,913 /Mo

    COMMERCIAL - Sugar Hill, GA

    Type:Office
    Property size:
    2,948 SF
    Lot size:
    1.53 Acres
    Added:
    Apr 1, 2023
    Days on Market:
    1121
    Last Refresh:
    Apr 25 at 8:06 pm

    Property Features for 249 N Price Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    HM1
    Parking
    18
    Interior features
    Restrooms
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    R7254 008
    Size
    2,948 SF
    Lot size
    1.53 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Natural Gas, Forced Air, Zoned
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1976
    Floors in Building
    2
    Flooring type
    Hardwood, Tile - Ceramic, Vinyl
    Building materials
    Brick 4 Sides, HardiPlank Type
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Carrie Tallent
    Carrie Tallent

    Listing agent Carrie Tallent License #249639

    Listing office Chapman Hall Professionals 3725 Lawrenceville-Suwanee Rd Suite A-2, Suwanee, GA

    Listing date Apr 1, 2023

    MLS# 7201202

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sugar Hill Commercial Space For Rent

    Located at the intersection of N. Price Road and Peachtree Industrial Blvd in Sugar Hill, GA, this commercial space offers high visibility. The top floor of the property, which is approximately 2,948 square feet, is available for lease. The property, situated on a 1.53-acre lot, has HM1 zoning. The CAM is $640.37. A full kitchen is available. There are plenty of parking spaces, including parking for larger vehicles. The property has been newly renovated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Hill
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0557453
    Latitude
    34.0795942

    Nearby Similar for Lease

    • $4,913/Mo

      Sugar Hill Office Space Available

      Newly renovated office space in prime Sugar Hill location.
      249 N Price Road, Sugar Hill, GA 30518
      View Details
    • Contact for pricing

      Retail Space in Sugar Hill

      Retail space available for lease in Sugar Hill, Georgia.
      5021 Nelson Brogdon Blvd, Sugar Hill, GA
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      9,000 SqFt industrial space available for single tenant.
      289 N Price Rd, Sugar Hill, GA 30518
      View Details
    • $23 SF/Yr

      Sugar Hill Professional Office Space

      Professional office park with customizable spaces available for lease.
      4749 Nelson Brogdon Blvd, Sugar Hill, GA 30518
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated commercial space in a prime location.
    Where is this office units located?
    The property is located at 249 N Price Road Sugar Hill, GA.
    What is the lease rate?
    The lease rate is $4,913 /Mo.
    What are key features of this property?
    This property features: Prime location at the intersection of N. Price Road and Peachtree Industrial Blvd.; Newly renovated top floor with approximately 2,948 square feet available for lease.; Full kitchen available.
    (678) 730-0080
    We can help!
    Listing Contact
    Carrie Tallent
    Carrie Tallent
    Real Estate License ID: 249639
    Learn More
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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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