Lawrenceville Land with Development
For Sale
$1,050,000
1192 Margo Trail, Lawrenceville, GA 30043
Land, Lawrenceville, GA
Property Size5,117 SF
Lot Size8.93 Acres
Price / SF$205.20
Days on Market140
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Property Features for 1192 Margo Trail
General Information
Property type
Land
Property subtype
Single Family Residence
Zoning
Mixed
Zoning description
Developed/Zoned Residential
Vegetation
Heavily Wooded
Fencing
Chain Link
Lot features
Flood Plain, Lake On Lot, Private
View
Lake
Elementary school
Jackson - Gwinnett
Middle school
Northbrook
High school
Peachtree Ridge
Directions
Use GPS. Sever Woods Drive to right on Margo Trail. At the end of the cul-de-sac drive onto the gravel driveway - to the right is 1192 Margo Trail (second access point). If you go on the left for and stay right it takes you down to 1192 Margo Trail on right and 1473 Sever Rd on left. If you go left and take the lesser used left fork, it takes you up to 1215 Margo Trail. Again, do not enter into any of the properties.
Standard status
Active
APN
R7045 034
Lot size
8.93 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9881
Utilities
Utilities
Cable Available
Water front features
Lake Front
Water front
1
Building Details
Year built
1978
Floors in Building
1
Architectural style
Ranch
Listing Agency:
Keller Williams Realty Atlanta Partners
(678) 775-2600
Listed By:
PATTI MARTINEZ AND ASSOCIATES
(678) 772-2979
Added: May 29
Changed: Oct 7
Last Checked: Oct 15 at 6:06PM
MLS# 7778985
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.
Investment Insights
Based on property information with market context.
This 8.93-acre property in Lawrenceville, GA, presents a unique opportunity for building a dream home in a private setting or for development purposes. The rear of the property features approximately 480 feet of frontage on Lake Chadwick. The property comprises three parcels: 1192 Margo Trail (0.98 acres), Margo Trail (4 acres), and 1473 Sever Rd. (3.95 acres). A 1008 sq ft ranch home, currently tenant-occupied, is located on the 1192 Margo Trail property; its condition is unknown. 1473 Sever Rd. has a 2079 sq ft ranch home on a full finished basement (4109 total sq ft) that requires a full interior rehab; the basement is tenant-occupied. The 4-acre Margo Trail parcel has no street number and no structures. The current zoning is R100 for the two properties with homes and RZT for the other property. The homes are currently on septic, but sewer access is available along the lake side for development. The structures are being sold in "as-is" condition.
Key Highlights
- Large Acreage: 8.93 acres total, offering ample space.
- Lake Frontage: Approximately 480 feet of frontage on Lake Chadwick, providing waterfront access and views.
- Sewer access along the lake side supports development opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,742
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,374,840
$1.4M
Cap Rate 7%
$982,029
$982.0K
Cap Rate 9%
$763,800
$763.8K
Market Conditions
NOI Build-Up for 5,117 SF
Gross rent
$133.2K $26.04/SF
− Vacancy
−$8.3K −$1.61/SF
EGI
$125.0K $24.43/SF
− OpEx
−$56.2K −$10.99/SF
NOI
$68.7K $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 Rate 5%
$1,374,840
Cap Rate 7%
$982,029
Cap Rate 9%
$763,800
Alternative Uses
Best Use
Apartment 5plus
$982.0K
$859.3K – $1.15M
NOI $68,742 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,128 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
316
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 8.93 acres with development potential and lake frontage.
Where is this residential land & home lot located?
The property is located at 1192 Margo Trail Lawrenceville, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Large Acreage: 8.93 acres total, offering ample space.; Lake Frontage: Approximately 480 feet of frontage on Lake Chadwick, providing waterfront access and views.; Sewer access along the lake side supports development opportunities.
