Two-Story Office
For Sale
$450,000
566 Hillcrest Road NW, Lilburn, GA 30047
Commercial Sale, Lilburn, GA
Property Size2,562 SF
Lot Size0.98 Acres
Price / SF$175.64
Days on Market87
Property Features for 566 Hillcrest Road NW
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link, Privacy, Fenced
Lot features
Level
Directions
I-85 N to Exit 99 (Jimmy Carter Blvd). East on Indian Trail-Lilburn Rd. Left on Hillcrest Rd. Property on left. Between Indian Trail-Lilburn Rd and Lawrenceville Hwy (US-29).
Standard status
Active
APN
R6147 045
Size
2,562 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3159
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Flooring type
Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
eXp Realty
(888) 959-9461
Listed By:
Maggy Calhoun
(404) 886-0304
Added: May 30
Changed: Aug 19
Last Checked: Aug 24 at 2:06PM
MLS# 10775410
Copyright © 2026 Georgia Multiple Listing Service. 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.
Two-story office building on approximately 0.98 acres in the City of Lilburn, zoned CB (Commercial Business). The converted residence offers approximately 2,562 square feet of flexible space that can support office, residential, or business use. The building includes multiple offices, 5 bedrooms that can be utilized as offices, and meeting/work areas, with two full kitchens—one on each level.
Construction is brick with a composition roof and tile flooring. Central heating and central air support the interior comfort. A detached 4-car garage/workshop adds practical space for storage, operations, and parking needs.
Utilities include public water and a septic tank, with cable available. The property is tenant occupied. It is located just minutes from Indian Trail Road, Lawrenceville Highway, and I-85, supporting convenient access to Gwinnett County and Metro Atlanta.
Construction is brick with a composition roof and tile flooring. Central heating and central air support the interior comfort. A detached 4-car garage/workshop adds practical space for storage, operations, and parking needs.
Utilities include public water and a septic tank, with cable available. The property is tenant occupied. It is located just minutes from Indian Trail Road, Lawrenceville Highway, and I-85, supporting convenient access to Gwinnett County and Metro Atlanta.
Key Highlights
- Approximately 0.98 acres zoned CB (Commercial Business) in the City of Lilburn
- Approximately 2,562 SF two‑story flexible office, residential, or business space
- Detached 4‑car garage/workshop for storage and business operations
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
$34,308
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
7.62%
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%
$686,160
$686.2K
Cap Rate 7%
$490,114
$490.1K
Cap Rate 9%
$381,200
$381.2K
Market Conditions
NOI Build-Up for 2,562 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
$61.2K $23.87/SF
− Vacancy
−$15.4K −$6.02/SF
EGI
$45.7K $17.85/SF
− OpEx
−$11.4K −$4.46/SF
NOI
$34.3K $13.39/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$686,160
Cap Rate 7%
$490,114
Cap Rate 9%
$381,200
Alternative Uses
Best Use
Office B
$490.1K
$428.9K – $571.8K
NOI $34,308 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.2K
$626.7K – $835.5K
NOI $50,132 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 30047, GA
69,172
Population
22,691
Households
3
Avg Household Size
38
Median Age
39%
College-Educated
82%
High-School Grad
27.4 sq mi
ZIP Area
2,525
Density / Sq Mi
$85,909
Median Household Income
$41,760
Median Earnings
$1,681
Median Rent
$325,600
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - Two-story CB-zoned property in Lilburn with central HVAC, public utilities, and a detached garage/workshop for added site utility.
Where is this office units located?
The property is located at 566 Hillcrest Road NW Lilburn, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 0.98 acres zoned CB (Commercial Business) in the City of Lilburn; Approximately 2,562 SF two‑story flexible office, residential, or business space; Detached 4‑car garage/workshop for storage and business operations
