Add Listing
    For Sale
    • 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

    2584 Loganville Highway Grayson, GA 30017

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $365,000

    1.17-acre commercial lot in Grayson City District, zoned C-1.

    Type:Land or Vacant Lot
    Lot size:
    1.17 Acres
    Added:
    Nov 12, 2024
    Days on Market:
    520
    Last Refresh:
    Apr 4 at 8:28 pm

    Property Features for 2584 Loganville Highway

    General Information

    Standard status
    Active
    Lot size
    1.17 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    Stephanie Fleetwood
    Stephanie Fleetwood

    Listing agent Stephanie Fleetwood License #418205

    Listing office Red 1 Realty

    Listing date Nov 12, 2024

    Source Corcoran

    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 Red 1 Realty

    Overview

    Prime Commercial Lot in Grayson

    This 1.17-acre commercial lot is located on GA. 20 in Grayson, offering high visibility and traffic. The property is zoned C-1 and situated in the Grayson City District, near restaurants, grocery stores, strip malls, and Piedmont Urgent Care. It is suitable for various businesses, including office or retail space. Downtown Lawrenceville is also nearby. A survey is available for reference.
    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
    Grayson
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9415376
    Latitude
    33.8840816

    Nearby Similar for Sale

    • $370,000
      1,800 SF

      Grayson Parkway Commercial Building

      Versatile 1,800 SF commercial building with high visibility.
      410 Grayson Parkway, Grayson, GA 30017
      View Details
    • $650,000

      Loganville Highway Commercial Land Opportunity

      Commercial land with frontage on Loganville Highway in Grayson, Georgia.
      2391 Loganville Highway, Grayson, GA 30017
      View Details
    • Contact for pricing
      9,534 SF

      Grayson Mixed-Use Building For Sale

      9,534 SF mixed-use building on 1.08 acres in Grayson.
      1721 Athens Hwy, Grayson, GA, 30017
      View Details
    • $6,150,000
      21 SF

      Prime Commercial Land in Grayson

      21-acre commercial land with highway frontage and C-2 zoning.
      2525 Grayson Highway, Grayson, GA
      View Details
    • $2,025,000
      2,200 SF

      New Construction Retail Space

      Retail property for sale, built in 2023.
      1645 Grayson Hwy, Grayson, GA 30017
      View Details
    • $245,000

      Commercial Land on Athens Hwy

      Commercial land with frontage on Athens Hwy available for sale.
      1804 Athens Hwy, Grayson, GA 30017
      View Details
    • $5,500,000

      Prime Commercial Land Opportunity

      Development prospect with road frontage and existing utilities in Grayson.
      2444 Moon Rd, Grayson, GA 30017
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.17-acre commercial lot in Grayson City District, zoned C-1.
    Where is this commercial land located?
    The property is located at 2584 Loganville Highway Grayson, GA.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Prime commercial lot in Grayson with exceptional visibility and heavy traffic.; Located in the Grayson City District and zoned C‑1, offering diverse business opportunities.; 1.17‑acre lot suitable for office, retail, or other ventures.
    (404) 643-2800
    We can help!
    Listing Contact
    Stephanie Fleetwood
    Stephanie Fleetwood
    Real Estate License ID: 418205
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!