Zoned CB Mixed-Use
For Sale
$275,000
576 Hillcrest Road, Lilburn, GA 30047
Commercial Sale, Lilburn, GA
Property Size1,296 SF
Lot Size0.70 Acres
Price / SF$212.19
Days on Market152
Property Features for 576 Hillcrest Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
I-85 N towards Greenville, SC. Take Indian Trail exit and Turn Right. Go a few miles, Turn Right onto Hillcrest Rd. House will be on the left side after the curve.
Standard status
Active
APN
R6147 044
Size
1,296 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1875
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Flooring type
Laminate
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
eXp Realty
(888) 959-9461
Listed By:
Maggy Calhoun
(404) 886-0304
Added: Mar 26
Changed: Aug 19
Last Checked: Aug 24 at 6:06PM
MLS# 10719053
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.
This property is a mixed-use residential home offering a 2-bedroom, 1-bath layout, plus two additional rooms that can support flexible office or bedroom use. Recent updates include new interior paint and laminate flooring throughout, helping the home present well for an owner-occupant or a tenant-ready conversion.
Located at 576 Hillcrest Road in Lilburn, Georgia 30047 (Gwinnett County), the home sits on approximately 0.7 acres. The property is identified as zoned CB, which may support a broader range of uses compared with standard residential zoning.
For buyers considering a live/work setup, the combination of bedrooms, a bathroom, and extra rooms provides practical space for an office, a secondary workspace, or additional sleeping areas. The on-site updates, including fresh paint and laminate flooring, can reduce near-term turnover effort. The stated property size is 1,296 square feet, and the offering is for sale at this address in Lilburn.
Located at 576 Hillcrest Road in Lilburn, Georgia 30047 (Gwinnett County), the home sits on approximately 0.7 acres. The property is identified as zoned CB, which may support a broader range of uses compared with standard residential zoning.
For buyers considering a live/work setup, the combination of bedrooms, a bathroom, and extra rooms provides practical space for an office, a secondary workspace, or additional sleeping areas. The on-site updates, including fresh paint and laminate flooring, can reduce near-term turnover effort. The stated property size is 1,296 square feet, and the offering is for sale at this address in Lilburn.
Key Highlights
- 2 bed, 1 bath home with two additional rooms for office or bedrooms
- Zoned CB in Lilburn
- Central heating and central air conditioning
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
$17,411
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
6.33%
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%
$348,220
$348.2K
Cap Rate 7%
$248,729
$248.7K
Cap Rate 9%
$193,456
$193.5K
Market Conditions
NOI Build-Up for 1,296 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
$33.7K $26.04/SF
− Vacancy
−$2.1K −$1.61/SF
EGI
$31.7K $24.43/SF
− OpEx
−$14.2K −$10.99/SF
NOI
$17.4K $13.43/SF
Area
Gwinnett County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$348,220
Cap Rate 7%
$248,729
Cap Rate 9%
$193,456
Alternative Uses
Best Use
Apartment 5plus
$248.7K
$217.6K – $290.2K
NOI $17,411 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.3K
$317.0K – $422.7K
NOI $25,360 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - 2-bedroom, 1-bath home with two additional rooms, newly painted interiors and laminate flooring, zoned CB in Lilburn.
Where is this single family property located?
The property is located at 576 Hillcrest Road Lilburn, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2 bed, 1 bath home with two additional rooms for office or bedrooms; Zoned CB in Lilburn; Central heating and central air conditioning
