All-Brick Office
288 Scenic Hwy Lawrenceville, GA 30046
New
288 Scenic Hwy, Lawrenceville, GA, 30046
$575,000
For Sale
$575,000
All-brick office building with 7 offices, a reception area, and a small kitchen, plus four separate entrances.
Property Size1,800 SF
Price / SF$319.44
Days on Market3
Property Features for 288 Scenic Hwy
General Information
- Standard status
- Active
- Size
- 1,800 SF
Building Details
- Year Built
- 1952
Listing agency
First United Realty, Inc.
(404) 425-3547
Listed by
Faye Kilpatrick · License #153188
Source
Harmonandharmon
Added: Jul 19 Updated: Jul 20 at 1:48AM Checked: Jul 20 at 1:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First United Realty, Inc.
Investment Insights
Based on property information with market context.
This all-brick office building offers a large reception area and a functional interior layout with seven offices plus a bonus room suited for copier and filing needs. A small kitchen area includes a sink, refrigerator, and microwave. The property features a partial basement and includes a handicap ramp at the rear. The roof and LVP flooring in much of the office space have been newly updated.
The building has four separate entrances and extensive parking in both the front and rear. The seller notes the property is zoned O & N, which may support private use as well. It is located approximately 1,000 feet from the intersection of 124 and Gwinnett Drive, between Sugarloaf Parkway and the Gwinnett Drive intersection.
The seller is currently using the space for an Allstate Insurance Agency and will consider renting back a small area after closing.
The building has four separate entrances and extensive parking in both the front and rear. The seller notes the property is zoned O & N, which may support private use as well. It is located approximately 1,000 feet from the intersection of 124 and Gwinnett Drive, between Sugarloaf Parkway and the Gwinnett Drive intersection.
The seller is currently using the space for an Allstate Insurance Agency and will consider renting back a small area after closing.
Key Highlights
- All‑brick office building built in 1952 with over 1,800 SF of office space and a partial basement
- Office layout includes 7 offices plus a bonus room for a copier and filing cabinets, with a large reception area
- Small kitchen area includes a sink, refrigerator, and microwave
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $23.87 |
| − Vacancy | −$10.8k | −$6.02 |
| EGI | $32.1k | $17.85 |
| − OpEx | −$8.0k | −$4.46 |
| NOI | $24.1k | $13.39 |
1,800 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$344.3K
$301.3K – $401.7K
NOI $24,104 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allstate
Insurance Agency
Christy Kilpatrick: Allstate ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - All-brick office building with 7 offices, a reception area, and a small kitchen, plus four separate entrances.
Where is this office units located?
The property is located at 288 Scenic Hwy Lawrenceville, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: All‑brick office building built in 1952 with over 1,800 SF of office space and a partial basement; Office layout includes 7 offices plus a bonus room for a copier and filing cabinets, with a large reception area; Small kitchen area includes a sink, refrigerator, and microwave
