Freestanding Mixed-Use
For Sale
$349,000
164 W Oak Street, Lawrenceville, GA 30046
Office and retail space with a detached garage, dedicated parking, and BGC Central General Business zoning.
Property Size1,954 SF
Lot Size0.27 Acres
Price / SF$252.17
Days on Market36
Property Features for 164 W Oak Street
General Information
Standard status
Active
Size
1,954 SF
Total Parking Spaces
7
Lot size
0.27 Acres
Property subtype
Other
Zoning
BGC
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Amenities
central heating and air conditioning
carpet and laminate flooring
high-speed internet availability
0.27 acres, City Lot, Level, Near Public Transit
Composition
Public Sewer
Annual Amount: $3,233, Year: 25
Carpet, Laminate
Central Air, Electric
Central, Electric, Forced Air, Hot Water
Cumulative Days on Market: 2, 2 days on market, On Market Date: 2026-08-21
Parking Total: 7, Parking Lot, Paved
Built in 1954, Vinyl Siding, Wood Siding, Mixed Use, Office, Retail
County: Gwinnett
Garage(s), Resale
Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public
Negotiable
Building Details
Building Size
1,954 SF
Year Built
1954
Buildings
2
Listing Agency:
Crye-Leike Commercial, Inc.
(678) 845-1233
Listed By:
Anthony Tedesco
(678) 898-8691
Source:
Blackstreaminternational
Added: Aug 4
Changed: Sep 8
Last Checked: Sep 8 at 6:36AM
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 Crye-Leike Commercial, Inc.
Investment Insights
Based on property information with market context.
This freestanding mixed-use property at 164 West Oak Street in Lawrenceville, Georgia, includes 1,384 square feet of office and retail space on approximately 0.27 acres. Built in 1954, the property also features a detached garage structure and seven dedicated parking spaces. Interior features include central heating and air conditioning, carpet and laminate flooring, and high-speed internet availability.
The property is zoned BGC-Central General Business and has public water and sewer service, natural gas availability, and state road frontage. Its downtown setting provides access to public transportation and the historic downtown district. The detached garage adds separate space for storage, workshop use, equipment, or other business needs.
The property is zoned BGC-Central General Business and has public water and sewer service, natural gas availability, and state road frontage. Its downtown setting provides access to public transportation and the historic downtown district. The detached garage adds separate space for storage, workshop use, equipment, or other business needs.
Key Highlights
- 1,384 SF of office and retail space
- Approximately 0.27 acres
- Detached garage structure included
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
$18,533
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
5.31%
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%
$370,660
$370.7K
Cap Rate 7%
$264,757
$264.8K
Cap Rate 9%
$205,922
$205.9K
Market Conditions
NOI Build-Up for 1,384 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
$33.0K $23.87/SF
− Vacancy
−$8.3K −$6.02/SF
EGI
$24.7K $17.85/SF
− OpEx
−$6.2K −$4.46/SF
NOI
$18.5K $13.39/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$370,660
Cap Rate 7%
$264,757
Cap Rate 9%
$205,922
Alternative Uses
Best Use
Office B
$264.8K
$231.7K – $308.9K
NOI $18,533 @ 7.0% cap · market cap 5.31%
Second Best
Mixed Use
$240.2K
$210.2K – $280.3K
NOI $16,816 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$386.9K
$338.5K – $451.4K
NOI $27,082 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,929
Businesses Nearby
Explore this area
Business Placement
Demographics for 30046, GA
40,227
Population
14,356
Households
2.8
Avg Household Size
34
Median Age
26%
College-Educated
84%
High-School Grad
15.8 sq mi
ZIP Area
2,546
Density / Sq Mi
$63,379
Median Household Income
$36,962
Median Earnings
$1,488
Median Rent
$302,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail space with a detached garage, dedicated parking, and BGC Central General Business zoning.
Where is this mixed-use property located?
The property is located at 164 W Oak Street Lawrenceville, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,384 SF of office and retail space; Approximately 0.27 acres; Detached garage structure included
