Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1670 Oakbrook Dr Norcross, GA 30093

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,957 SF warehouse space available for sublease in Norcross, GA.

    Property Features for 1670 Oakbrook Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Lee Steed
    Lee Steed
    Source: Crexi

    Listing Agency: Lee & Associates - Atlanta Listing Agent: Lee Steed

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Norcross Warehouse Sublease Opportunity

    A 4,957 square foot space is available for sublease in Norcross, Georgia. The availability date is October 1, 2024, with the sublease term running through August 31, 2028. The property is located approximately 1 mile from Jimmy Carter Boulevard and about 1.8 miles from Interstate 85.
    Location Intelligence

    Current Use by Public Records

    Peachtree Environmental Environmental Consultant UED Studios Film Production Terminix Garden Center Banilla Games (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Building Supply

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

    Similar Places Nearby

    Spen Facility, Self-Storage at U-Haul, U-Box at U-Haul, Zip Moving and Storage, Mover's Academy

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.196331
    Latitude
    33.912719

    Nearby Similar for Lease

    • $3,750 /Mo
      108,900,000 SF

      Move-in Ready Office Space Available

      Strategically located office space with private offices, conference room, and parking.
      4729 Peachtree Industrial Blvd, Norcross, GA 30092
      View Details
    • $2,800 /Mo
      33,977 SF

      Prime Norcross Office Space Available

      Excellent location for insurance, tax, or general office use.
      500 W Peachtree St, Norcross, GA 30071
      View Details
    • $350 /Mo

      Office Space Near Downtown Norcross

      Charming office space in well-maintained building near historic downtown.
      460 S Peachtree St, Norcross, GA 30071
      View Details
    • $12,800 /Mo

      Norcross Event Hall For Lease

      9,000 SF event hall in prime location for lease.
      4142 Jimmy Carter Blvd, Norcross, GA 30093
      View Details
    • Sponsored
      Contact for pricing

      The Avenue Forsyth

      Discover many ways to work your way in The Avenue Forsyth
      410 Peachtree St, Parkway, GA 30041
      View Details
    • $18 SF/Yr

      Gwinnett Walk Shopping Center

      Retail Space for Lease
      3466 Holcomb Bridge Rd, Norcross, GA 30092
      View Details
    • Contact for pricing

      Industrial Space on Peachtree Boulevard

      4,571 SF industrial space with office and dock doors.
      5150 Peachtree Industrial Blvd, Norcross, GA 30071
      View Details
    • $25 SF/Yr

      Peachtree Parkway Medical/Office Suites

      Medical and office suites available for lease on Peachtree Parkway.
      5635 Peachtree Pkwy, Norcross, GA 30092
      View Details
    • $18 SF/Yr

      Versatile Office/Retail Space Available

      Multi-purpose space for lease near Peachtree Industrial Blvd and Medlock Bridge Road.
      5390 Peachtree Industrial Blvd, Norcross, GA 30071
      View Details
    • Contact for pricing

      Peachtree Corners Office Space Available

      Office space in Peachtree Corners with easy highway access.
      6625 The Corners Pkwy Northwest, Norcross, GA 30092
      View Details
    • $23 SF/Yr

      Peachtree Corners Office Space Available

      Office space for rent in Peachtree Corners, Norcross, GA.
      6625 The Corners Pkwy Northwest, Norcross, GA 30092
      View Details
    • Contact for pricing
      74,520 SF

      Industrial Space Near Interstate 85

      74,520 SF industrial property with convenient highway access.
      405 Pinnacle Ct, Norcross, GA 30071
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,957 SF warehouse space available for sublease in Norcross, GA.
    Where is this warehouse located?
    The property is located at 1670 Oakbrook Dr Norcross, GA.
    What are key features of this property?
    This property features: - 4,957 SF Available for Sublease; - Convenient Location: \u00b11 mile from Jimmy Carter Blvd and \u00b11.8 miles from Interstate 85; - Sublease Term: Available through August 31, 2028
    (404) 442-2810
    Request Owner's contact information
    1670 Oakbrook Dr Norcross, GA 30093
    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.
    1670 Oakbrook Dr
    Norcross, GA 30093
    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
    1670 Oakbrook Dr Norcross, GA 30093
    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

    We can help!
    Listing Contact
    Lee Steed
    Lee Steed
    Real Estate License ID: 402905
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!