Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Bottom-Floor Unit Available Now Title is generated by Realmo AI

    1687 Cannonball Court, Lawrenceville, GA 30044

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,350/Mo $15 SF/Yr (calc)

    Well-maintained 3-bedroom, 2-bath unit with private patio and storage.

    Type:Quadruplex
    Property size:
    1,040 SF
    Added:
    Jun 6, 2025
    Days on Market:
    350
    Last Refresh:
    May 19 at 11:10 pm

    Property Features for 1687 Cannonball Court

    General Information

    Standard status
    Active
    Size
    1,040 SF
    Property subtype
    Quadruplex

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    First MLS

    Listing agent First MLS

    Listing office Myers Team Realty

    Listing date Jun 6, 2025

    Source Kw

    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 Myers Team Realty

    HighLights

    • Spacious 3‑bedroom, 2‑bathroom bottom‑floor unit.
    • Updated kitchen featuring refrigerator, electric stove, dishwasher, and ample cabinet/counter space.
    • Bright and open layout.
    • Private patio with convenient outdoor storage.
    • Walk‑in closets in each bedroom.
    • Well‑maintained property built in 2001.

    Overview

    This well-maintained bottom-floor unit is available now and features 3 generously sized bedrooms and 2 full bathrooms. The property offers a bright and open layout, along with a private patio and convenient outdoor storage. The updated kitchen includes a refrigerator, electric stove, dishwasher, and ample cabinet and counter space. Each of the three bedrooms includes a walk-in closet, providing plenty of storage throughout the unit. The property size is 1040 square feet. A $20.00 monthly charge applies for trash. Note that no pets are allowed, and Housing Choice Vouchers are not accepted. To pre-qualify, applicants must demonstrate a cumulative net income of three times the rent and pass background and credit screening. Background checks will not be approved for felonies or misdemeanors involving drugs or violence. Credit checks will not be approved for evictions, outstanding utility bills, foreclosures, tax liens, repossessions, and bankruptcies. Renters insurance is required. Homes are available on a first-come, first-serve basis and are not reserved until the lease is signed by all applicants and security deposits are paid.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0357976
    Latitude
    33.9341866

    Nearby Similar for Lease

    • $1,850/Mo

      Professional Space in Langley Commons

      Well-designed 1,350 SqFt office space in Lawrenceville.
      175 Langley Drive, Lawrenceville, GA 30046
      View Details
    • $2,050/Mo

      Lawrenceville Commercial Space For Rent

      Street-level business space in Langley Commons Business Complex.
      175 Langley Drive, Lawrenceville, GA 30046
      View Details
    • $3,797/Mo

      Lawrenceville Office Space For Rent

      2278 SF office space in Lawrenceville, GA available for rent.
      2775 Cruse Road, Lawrenceville, GA 30044
      View Details
    • Sponsored
      $129-$4,556/Mo
      11-1,292 SF

      Huntcrest

      1755 Brown Rd, Unit 200, Lawrenceville, GA 30043
      View Details
    • $2,850/Mo

      Flexible Commercial Space in Lawrenceville

      Versatile property suitable for office, studio, or residential use.
      999 Braselton Highway, Lawrenceville, GA 30043
      View Details
    • $16 SF/Yr
      1,963 SF

      Lawrenceville Office/Medical Building For Rent

      Two-story office building with excellent location and great visibility.
      2000 Riverside Parkway, Lawrenceville, Georgia 30043
      View Details
    • $1,950/Mo

      Lawrenceville Office Space Available

      Office space for rent in Gwinnett County, Georgia.
      1840 Old Norcross Road 100, Lawrenceville, GA 30044
      View Details
    • Contact for pricing
      56,762 SF

      Lawrenceville Warehouse Space Available

      104,000 SF warehouse space for lease, available November 2024.
      665 Raco Drive, Lawrenceville, GA 30046
      View Details
    • $28 SF/Yr
      9,107 SF

      Lawrenceville Office Space For Rent

      Office spaces available with immediate highway access and high-end finishes.
      1745 N Brown Rd, Lawrenceville, GA
      View Details
    • $15 SF/Yr
      1,500 SF

      Retail Space on Buford Highway

      1,500 SF retail space with excellent frontage and visibility.
      884 Buford Dr, Lawrenceville, GA
      View Details
    • Contact for pricing
      64,714 SF

      Lawrenceville Industrial Space For Lease

      64,714 SF industrial space available for lease in July 2025.
      625 Old Norcross Road, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      43,500 SF

      New Medical Office Building

      New medical office building near Northside Gwinnett with ample parking.
      595 Hurricane Shoals Rd, Lawrenceville, GA 30046
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained 3-bedroom, 2-bath unit with private patio and storage.
    Where is this quadplex located?
    The property is located at 1687 Cannonball Court Lawrenceville, GA.
    What is the lease rate?
    The lease rate is $1,350 /Mo.
    What are key features of this property?
    This property features: Spacious 3‑bedroom, 2‑bathroom bottom‑floor unit.; Updated kitchen featuring refrigerator, electric stove, dishwasher, and ample cabinet/counter space.; Bright and open layout.
    (770) 554-7230
    We can help!
    Listing Contact
    First MLS
    Learn More
    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
    1687 Cannonball Court, Lawrenceville, GA 30044,
    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!