Lawrenceville Commercial Land For
For Sale
$600,000
885 Collins Hill Road, Lawrenceville, GA 30043
Commercial Sale, Lawrenceville, GA
Property Size2,016 SF
Lot Size2.54 Acres
Price / SF$297.62
Days on Market194
Property Features for 885 Collins Hill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot
Directions
Use GPS. Take Collins Hill Exit. Corner of Collins Hill Road and Collins Industrial Way, directly across the street from the GGC Admissions office.
Standard status
Active
APN
R7011 014B
Size
2,016 SF
Lot size
2.54 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
6369
Utilities
Water source
Public
Building Details
Year built
1969
Building materials
Brick
Listing Agency:
Funari Realty LLC
(770) 967-9889
Listed By:
Barbara Kruer · License #390527
(470) 608-3555
Added: Feb 22
Changed: Aug 20
Last Checked: Sep 4 at 3:06AM
MLS# 10696338
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 2.54-acre property in Lawrenceville, GA, is marketed as a future development opportunity. The property is currently zoned Residential, and any future use would require submission and approval prior to any change. The property includes an older brick Single Family house, but the seller makes no representation as to its condition. The property is being sold for its land value. The property is located at 885 Collins Hill Road, Lawrenceville, GA 30043.
Key Highlights
- Land value opportunity.
- Future development potential.
- Zoned residential.
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
$27,083
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
4.51%
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%
$541,660
$541.7K
Cap Rate 7%
$386,900
$386.9K
Cap Rate 9%
$300,922
$300.9K
Market Conditions
NOI Build-Up for 2,016 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
$52.5K $26.04/SF
− Vacancy
−$3.3K −$1.61/SF
EGI
$49.2K $24.43/SF
− OpEx
−$22.2K −$10.99/SF
NOI
$27.1K $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%
$541,660
Cap Rate 7%
$386,900
Cap Rate 9%
$300,922
Alternative Uses
Best Use
Apartment 5plus
$386.9K
$338.5K – $451.4K
NOI $27,083 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.5K
$493.1K – $657.5K
NOI $39,448 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 30043, GA
88,453
Population
30,251
Households
2.9
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
33.1 sq mi
ZIP Area
2,672
Density / Sq Mi
$91,299
Median Household Income
$44,207
Median Earnings
$1,787
Median Rent
$344,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.54 acres of commercial land in Lawrenceville, Georgia.
Where is this commercial land located?
The property is located at 885 Collins Hill Road Lawrenceville, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Land value opportunity.; Future development potential.; Zoned residential.
