Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    1.8 Acres Commercial Land Lease Title is generated by Realmo AI

    1564 Peachtree Pkwy, Cumming, GA 30041

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    1.8 acres of land for lease with retail approval.

    Type:Land
    Lot size:
    1.80 Acres
    Added:
    Sep 14, 2024
    Days on Market:
    627
    Last Refresh:
    May 12 at 9:44 pm

    Property Features for 1564 Peachtree Pkwy

    General Information

    Standard status
    Active
    Lot size
    1.80 Acres
    Property subtype
    Land

    Spaces For Lease

    at 1564 Peachtree Pkwy Contact us

    We can help!

    Listing Contact
    Chris Bowman

    Listing agent Chris Bowman License #GA 371129

    Listing office Skyline Seven Real Estate

    Listing date Sep 14, 2024

    Source Crexi

    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 Skyline Seven Real Estate

    HighLights

    • 1.8 Acres of land available
    • Up to 16,000 SF of retail approved
    • Land for lease

    Overview

    This property offers 1.8 acres of land available for lease. The site has approval for up to 16,000 square feet of retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1719302
    Latitude
    34.123665

    Nearby Similar for Lease

    • $2,100/Mo

      Commercial Office Space in Cumming

      Move-in ready office space suitable for various professional uses.
      2450 Atlanta Highway, Cumming, GA 30040
      View Details
    • $4,050/Mo
      2,280 SF

      Cumming Office Suites For Rent

      Two ground-level office suites in a desirable Cumming location.
      2450 Atlanta Highway, Cumming, GA 30040
      View Details
    • $3,000/Mo
      12,260 SF

      Retail/Office Space in Cumming, GA

      Versatile space suitable for retail or commercial use in Cumming.
      3915 Towne Club Parkway, Cumming, GA 30041
      View Details
    • $2,500/Mo
      3,200 SF

      Commercial Property Near Dahlonega Highway

      3200 SF commercial space with basement near Dahlonega Highway.
      6690 Dahlonega Highway, Cumming, GA 30028
      View Details
    • $3,950/Mo

      Unique Office Suite in Vickery

      Upscale office suite with balconies overlooking Vickery green space.
      5829 Clarion Street, Cumming, GA 30040
      View Details
    • $2,000/Mo

      Renovated Office Suite in Cumming

      Well-maintained office suite in a prime Cumming location.
      6045 Southard Trace, Cumming, GA 30040
      View Details
    • $18 SF/Yr
      6,000 SF

      Cumming Office Building For Rent

      Office building for rent with ample parking and signage.
      100 Colony Park Drive, Cumming, Georgia 30040
      View Details
    • $1,700/Mo
      1,150 SF

      Professional Office Space Available

      One-level office unit with updated interiors and excellent visibility.
      1801-2450 Atlanta Hwy, Cumming, GA
      View Details
    • $459/Mo

      Prime Commercial Space For Rent

      Versatile commercial space in a high-traffic Cumming, GA location.
      5190 Piney Grove Rd, Cumming, GA 30040
      View Details
    • Contact for pricing
      239,400 SF

      Distribution/Warehouse Space Available Q3 2027

      239,400 SF distribution/warehouse space available for lease in Q3 2027.
      2200 Pendley Rd | Cumming, GA 30041
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Canton Road

      1,200 SF retail suite with high visibility in Cumming.
      357 Canton Rd, Cumming, GA 30040
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Flex Units Available

      Two move-in ready industrial flex units for lease.
      4875 Warehouse Way Cumming, GA. 30041, Cumming, GA 30041
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.8 acres of land for lease with retail approval.
    Where is this commercial land located?
    The property is located at 1564 Peachtree Pkwy Cumming, GA.
    What are key features of this property?
    This property features: 1.8 Acres of land available; Up to 16,000 SF of retail approved; Land for lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Bowman
    Real Estate License ID: GA 371129
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1564 Peachtree Pkwy, Cumming, GA 30041
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!