Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    465 Langford Dr Norcross, GA 30071

    Sponsored
    For Sale
    $395,000

    LAND - Norcross, GA

    Lot size:
    0.51 Acres
    Days on Market:
    40
    Last Refresh:
    Jan 26 at 1:06 pm

    Property Features for 465 Langford Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    M-1
    APN
    R6253 008B
    Lot size
    0.51 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    1

    We can help!

    Listing Contact
    KAREN SANCHEZ

    Drake Realty, Inc. (770) 565-2044

    Listing agent KAREN SANCHEZ (678) 886-8429

    Listing date Dec 18, 2025

    MLS# 7666600

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Lot in Gwinnett County

    This 0.51-acre lot is available in Gwinnett County, Georgia. The property features a 136-foot front yard, 160-foot side yard, and 149-foot rear yard. The lot has been cleared of trees and has immediate access to public water. A survey is available for review. Gwinnett County is known for its communities, schools, and economy, with access to highways, shopping, and recreational areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.225647
    Latitude
    33.939094

    Nearby Similar for Sale

    • $1,300,000
      0.08 Acres

      Historic Downtown Norcross Commercial Gem

      Prime location, fully leased, updated systems, and buildout potential.
      35 S Peachtree St, Norcross, GA 30071
      View Details
    • $5,300,000
      Pending

      Functional Warehouse in Norcross, GA

      39,791+ SF warehouse on 2.54 acres near I-85.
      6354 Warren Dr, Norcross, GA 30093
      View Details
    • New
      $1,290,000
      3,000 SF

      Historic Home with Commercial Potential

      Historic home in Norcross, GA, with mixed-use zoning.
      76 Jones St, Norcross, GA 30071
      View Details
    • $1,599,000
      0.87 Acres

      Norcross, GA Land For Sale

      Land available for new construction in Norcross, Georgia.
      505 Cochran Dr, Norcross, GA 30071
      View Details
    • $2,995,000
      15,500 SF

      Norcross Office Building For Sale

      Office building with 15,500 square feet of space.
      853 S Peachtree St, Norcross, GA 30071
      View Details
    • $750,000
      0.51 Acres

      Commercial Lot with C5 Zoning

      0.51-acre commercial lot with C5 zoning in Norcross, GA.
      1470 Hillcrest Rd, Norcross, GA 30093
      View Details
    • $300,000

      Turnkey Townhome Near Downtown Norcross

      Meticulously maintained 3-bedroom, 2.5-bathroom townhome with upgrades and convenient location.
      5352 Beaver Br, Norcross, GA 30071
      View Details
    • $3,600,000

      Renovated Personal Care Home Facility

      Recently renovated 25-unit personal care home on 0.82 acres.
      519 Lawrenceville St NW, Norcross, GA 30071
      View Details
    • $375,000
      1,944 SF

      Like New End-Unit Townhome

      Beautifully maintained townhome with modern features and convenient location.
      6262 Story Cir, Norcross, GA 30093
      View Details
    • $1,190,000
      7 SF

      Holcomb Bridge Road Office Building

      Office building with frontage on Holcomb Bridge Road.
      3690 Holcomb Bridge Rd, Norcross, GA 30092
      View Details
    • $375,000
      1,944 SF

      Well-Maintained Townhome with Fenced Yard

      Three-bedroom, 2.5 bath townhome with modern features and convenient location.
      6262 Story Cir, Norcross, GA 30093
      View Details
    • Contact for pricing
      8,064 SF

      Renovated Office Space Available

      Recently renovated office property with flexible leasing options.
      4047 Holcomb Bridge Rd, Norcross, GA 30092
      View Details

    FAQs

    What type of property is this?
    Land - 0.51 acre lot in a sought-after Georgia location.
    Where is this land located?
    The property is located at 465 Langford Dr Norcross, GA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Prime .51 acre lot in highly desirable Gwinnett County, GA.; - Cleared lot with immediate access to public water and public sewer.; - Comprehensive survey available for informed decision-making.
    (678) 886-8429
    Request Owner's contact information
    465 Langford Dr Norcross, GA 30071
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    465 Langford Dr
    Norcross, GA 30071
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    465 Langford Dr Norcross, GA 30071
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    KAREN SANCHEZ
    (678) 886-8429
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.