Freestanding Retail
For Sale
$400,000
287 W Pike Street, Lawrenceville, GA 30046
Commercial Sale, Lawrenceville, GA
Property Size2,600 SF
Lot Size0.26 Acres
Price / SF$153.85
Days on Market192
Property Features for 287 W Pike Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GB
Parking
10
Appliances
Electric Water Heater
Directions
GPS Friendly
Standard status
Active
APN
R5146E009
Size
2,600 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
x
Legal Description
x
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Gas (Cooling)
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Building materials
Concrete
Roof type
Composition
Listing Agency:
Virtual Properties Realty
(770) 495-5050
Listed By:
Jacob Blickenstaff · License #384940
(404) 281-5002
Added: Feb 13
Changed: Aug 19
Last Checked: Aug 24 at 5:06PM
MLS# CL350851
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding retail property contains 2,600 square feet on a 0.26-acre parcel and was constructed in 1980. The building has an existing commercial build-out, concrete construction, a composition roof, central air, and central electric heat. Public water and public sewer serve the property, while an electric water heater is installed.
The property fronts W. Pike Street in Lawrenceville, Georgia, within Gwinnett County. Approximately 10 parking spaces are provided, and GB—General Business zoning supports retail and office uses. The existing improvements offer a functional setting for continued commercial occupancy.
The property fronts W. Pike Street in Lawrenceville, Georgia, within Gwinnett County. Approximately 10 parking spaces are provided, and GB—General Business zoning supports retail and office uses. The existing improvements offer a functional setting for continued commercial occupancy.
Key Highlights
- 2,600 SF freestanding building on 0.26 acres
- GB—General Business zoning supports retail and office uses
- Located along W. Pike Street in Lawrenceville
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,205
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,100
$604.1K
Cap Rate 7%
$431,500
$431.5K
Cap Rate 9%
$335,611
$335.6K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.8K $18.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$43.1K $16.60/SF
− OpEx
−$12.9K −$4.98/SF
NOI
$30.2K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,100
Cap Rate 7%
$431,500
Cap Rate 9%
$335,611
Alternative Uses
Best Use
Retail
$431.5K
$377.6K – $503.4K
NOI $30,205 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.8K
$636.0K – $847.9K
NOI $50,876 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 30046, GA
40,227
Population
14,356
Households
2.8
Avg Household Size
34
Median Age
26%
College-Educated
84%
High-School Grad
15.8 sq mi
ZIP Area
2,546
Density / Sq Mi
$63,379
Median Household Income
$36,962
Median Earnings
$1,488
Median Rent
$302,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Existing commercial build-out with parking supports retail or office occupancy in a freestanding format.
Where is this retail space located?
The property is located at 287 W Pike Street Lawrenceville, GA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,600 SF freestanding building on 0.26 acres; GB—General Business zoning supports retail and office uses; Located along W. Pike Street in Lawrenceville
