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

    494 W Crogan St Lawrenceville, GA 30046

    Sponsored
    For Sale
    Pending
    $599,000

    Commercial - Lawrenceville, GA

    Property size:
    2,670 SF
    Lot size:
    0.37 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 7 at 2:06 am

    Property Features for 494 W Crogan St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Size
    2,670 SF
    Lot size
    0.37 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Flooring type
    Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Bryant Green

    Berkshire Hathaway HomeServices Georgia Properties (770) 536-3007

    Listing agent Bryant Green (770) 536-3007

    Listing date Jan 27, 2026

    MLS# 10568410 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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

    Renovated Office Building in Lawrenceville

    This well-maintained professional office building features a flexible two-story layout with a mix of private offices and open workspace. The first floor offers six dedicated offices, a reception entrance, a separate reception room, a sitting/waiting area, and men's and women's restrooms. The first floor also has its own zoned AC unit. The upstairs includes one open office area, a private office, and a unisex bathroom, all serviced by a second zoned AC unit. The building has been renovated to include new flooring, fresh interior paint, and exterior paint. Situated in Lawrenceville, Georgia, the property benefits from excellent road visibility, brand-new landscaping, and plenty of on-site parking. The building, located in Gwinnett County, is move-in ready for a professional office user. The lot size is 0.37 acres and the property size is 2670 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ron's Travel & Services Travel Agency Mike Thomas - State ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.996972
    Latitude
    33.953328

    Nearby Similar for Sale

    • New
      $816,725
      Pending

      Lawrenceville Office Building For Sale

      Prime commercial property near downtown Lawrenceville with high visibility.
      5 Hurricane Shoals Rd NE, Lawrenceville, GA 30046
      View Details
    • New
      $425,000
      0.22 Acres

      Income-Producing Home with Detached Tiny House

      Updated 4-bedroom home with income-producing tiny house in Lawrenceville.
      274 Lamden Ct, Lawrenceville, GA 30046
      View Details
    • $399,000
      2,868 SF

      Farmhouse Style Home in Lawrenceville

      Charming 3-bedroom home with no HOA, convenient location.
      431 Thornbush Trce, Lawrenceville, GA 30046
      View Details
    • $515,000
      0.32 Acres

      Lawrenceville Multifamily Investment Opportunity

      Income-producing duplex near Hwy 316 and downtown Lawrenceville.
      501 Timber Ridge Ct, Lawrenceville, GA 30046
      View Details
    • $595,000
      2,086 SF

      Prime Commercial Property, Lawrenceville GA

      Versatile commercial property with dual road frontage in high-traffic area.
      578 Braselton Hwy NE, Lawrenceville, GA 30043
      View Details
    • $595,000
      2,086 SF

      Lawrenceville Commercial Property For Sale

      Prime commercial property in a busy area, suitable for various businesses.
      578 Braselton Hwy NE, Lawrenceville, GA 30043
      View Details
    • New
      $409,900
      1,672 SF

      Lawrenceville Townhome with Modern Comfort

      Two-story townhome in Lawrenceville with modern comfort and convenience.
      95 Bromes St, Lawrenceville, GA 30046
      View Details
    • $524,900
      2,097 SF

      Lawrenceville Commercial Building on Scenic Highway

      Remodeled commercial building with high visibility and ample parking.
      521 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • $524,900
      2,097 SF

      Lawrenceville Commercial Building on Scenic Highway

      Remodeled commercial building with high visibility and ample parking.
      521 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • New
      $515,000
      0.32 Acres

      Lawrenceville Multifamily Investment Opportunity

      Income-producing duplex near Hwy 316 and downtown Lawrenceville.
      501 Timber Ridge Ct, Lawrenceville, GA 30046
      View Details
    • $429,900
      0.39 Acres

      Lawrenceville Multifamily Investment Opportunity

      Well-maintained multifamily property in a prime Lawrenceville location.
      502 Downing St, Lawrenceville, GA 30046
      View Details
    • $499,900
      1 SF

      Versatile Commercial Property in Lawrenceville

      Commercial property with offices, bathrooms, and high-visibility location.
      155 E Crogan St E, Lawrenceville, GA 30046
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building with flexible layout and ample parking.
    Where is this office building located?
    The property is located at 494 W Crogan St Lawrenceville, GA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Move-in ready condition with recent renovations including new flooring and fresh paint, interior and exterior.; - Flexible two-story layout with a mix of private offices and open workspace.; - Excellent road visibility.
    (770) 597-5711
    Request Owner's contact information
    494 W Crogan St Lawrenceville, GA 30046
    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.
    494 W Crogan St
    Lawrenceville, GA 30046
    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
    494 W Crogan St Lawrenceville, GA 30046
    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
    Bryant Green
    Real Estate License ID: 248646
    (770) 597-5711
    Learn more
    Google sign-in failed. Please try again or use another login method.