All-Brick Office
For Sale
$575,000
288 Scenic Hwy, Lawrenceville, GA 30046
All-brick office building with 7 offices, a reception area, and a small kitchen, plus four separate entrances.
Property Size1,819 SF
Price / SF$316.11
Days on Market93
Property Features for 288 Scenic Hwy
General Information
Standard status
Active
Size
1,819 SF
Building Details
Year Built
1952
Listing Agency:
First United Realty, Inc.
Listed By:
FAYE KILPATRICK · License #153188
(404) 425-3547
Source:
Annakintown
Added: Jul 19
Changed: Oct 9
Last Checked: Oct 7 at 4:33PM
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 First United Realty, Inc.
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Investment Insights
Based on property information with market context.
This all-brick office building offers a large reception area and a functional interior layout with seven offices plus a bonus room suited for copier and filing needs. A small kitchen area includes a sink, refrigerator, and microwave. The property features a partial basement and includes a handicap ramp at the rear. The roof and LVP flooring in much of the office space have been newly updated.
The building has four separate entrances and extensive parking in both the front and rear. The seller notes the property is zoned O & N, which may support private use as well. It is located approximately 1,000 feet from the intersection of 124 and Gwinnett Drive, between Sugarloaf Parkway and the Gwinnett Drive intersection.
The seller is currently using the space for an Allstate Insurance Agency and will consider renting back a small area after closing.
The building has four separate entrances and extensive parking in both the front and rear. The seller notes the property is zoned O & N, which may support private use as well. It is located approximately 1,000 feet from the intersection of 124 and Gwinnett Drive, between Sugarloaf Parkway and the Gwinnett Drive intersection.
The seller is currently using the space for an Allstate Insurance Agency and will consider renting back a small area after closing.
Key Highlights
- All‑brick office building built in 1952 with over 1,800 SF of office space and a partial basement
- Office layout includes 7 offices plus a bonus room for a copier and filing cabinets, with a large reception area
- Small kitchen area includes a sink, refrigerator, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,358
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,160
$487.2K
Cap Rate 7%
$347,971
$348.0K
Cap Rate 9%
$270,644
$270.6K
Market Conditions
NOI Build-Up for 1,819 SF
Gross rent
$43.4K $23.87/SF
− Vacancy
−$10.9K −$6.02/SF
EGI
$32.5K $17.85/SF
− OpEx
−$8.1K −$4.46/SF
NOI
$24.4K $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 Rate 5%
$487,160
Cap Rate 7%
$347,971
Cap Rate 9%
$270,644
Alternative Uses
Best Use
Office B
$348.0K
$304.5K – $406.0K
NOI $24,358 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.5K
$444.9K – $593.2K
NOI $35,594 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
770
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - All-brick office building with 7 offices, a reception area, and a small kitchen, plus four separate entrances.
Where is this office unit located?
The property is located at 288 Scenic Hwy Lawrenceville, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: All‑brick office building built in 1952 with over 1,800 SF of office space and a partial basement; Office layout includes 7 offices plus a bonus room for a copier and filing cabinets, with a large reception area; Small kitchen area includes a sink, refrigerator, and microwave
