End-Unit Office
For Sale
$209,000
1838 Old Norcross Road Suite 100, Lawrenceville, GA 30044
Five private offices, additional workspace, a mini kitchen, and a half bath support flexible business use.
Property Size1,250 SF
Price / SF$167.20
Days on Market48
Property Features for 1838 Old Norcross Road Suite 100
General Information
Standard status
Active
Size
1,250 SF
Building Details
Year Built
2002
Listing Agency:
Strategy Real Estate International, LLC.
Listed By:
Rong Li · License #327615
(404) 518-5980
Source:
Atlantarealestatedirectory
Added: Sep 2
Changed: Oct 3
Last Checked: Oct 7 at 1:17PM
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 Strategy Real Estate International, LLC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium is configured with five individual offices plus additional workspace, providing a practical layout for professional operations. Interior improvements include new LVP flooring and fresh paint, while the building features four-sided brick construction. The unit also includes a mini kitchen and half bath.
Located at 1838 Old Norcross Road, Suite 100, in Lawrenceville, Georgia, the property was built in 2002. Its end-unit position adds a distinct configuration within the office park.
Located at 1838 Old Norcross Road, Suite 100, in Lawrenceville, Georgia, the property was built in 2002. Its end-unit position adds a distinct configuration within the office park.
Key Highlights
- Five individual offices with additional workspace
- New LVP flooring and fresh paint
- End‑unit office condominium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,124
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,480
$362.5K
Cap Rate 7%
$258,914
$258.9K
Cap Rate 9%
$201,378
$201.4K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$33.8K $27.00/SF
− Vacancy
−$3.5K −$2.84/SF
EGI
$30.2K $24.17/SF
− OpEx
−$12.1K −$9.67/SF
NOI
$18.1K $14.50/SF
Area
Gwinnett County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,480
Cap Rate 7%
$258,914
Cap Rate 9%
$201,378
Alternative Uses
Best Use
Healthcare Medical
$258.9K
$226.6K – $302.1K
NOI $18,124 @ 7.0% cap · market cap 8.67%
Second Best
Office B
$239.1K
$209.2K – $279.0K
NOI $16,739 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$349.4K
$305.8K – $407.7K
NOI $24,460 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 30044, GA
94,774
Population
32,206
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
24.8 sq mi
ZIP Area
3,822
Density / Sq Mi
$76,133
Median Household Income
$40,208
Median Earnings
$1,753
Median Rent
$295,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Five private offices, additional workspace, a mini kitchen, and a half bath support flexible business use.
Where is this office unit located?
The property is located at 1838 Old Norcross Road Suite 100 Lawrenceville, GA.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Five individual offices with additional workspace; New LVP flooring and fresh paint; End‑unit office condominium
