Brick Office Building with Multiple
For Sale
$575,000
288 SCENIC Highway, Lawrenceville, GA 30046
Commercial Sale, Lawrenceville, GA
Property Size1,819 SF
Lot Size0.04 Acres
Price / SF$316.11
Days on Market279
Property Features for 288 SCENIC Highway
General Information
Property type
Residential
Property subtype
Office
Zoning
O&N
Parking
10
Parking features
Parking Lot
Security features
Security Lighting
Window features
Window Treatments
Interior features
Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Free Standing, Level
View
City
Directions
PLEASE USE GPS
Standard status
Active
APN
R5141 022
Size
1,819 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7214
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Tile, Vinyl, Hardwood
Building materials
Brick 4 Sides
Roof type
Asphalt
Listing Agency:
First United Realty, Inc.
(770) 650-2825
Listed By:
FAYE KILPATRICK · License #153188
(404) 425-3547
Added: Dec 11, 2025
Changed: Sep 12
Last Checked: Sep 16 at 9:06PM
MLS# 7691787
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,819-square-foot office building provides seven offices, a bonus room for copier and file storage, and a large reception area. The layout also includes a small kitchen with a sink, refrigerator, and microwave, along with a partial basement. Brick construction, an asphalt roof, hardwood, tile, and vinyl flooring, central heating and cooling, public water, and public sewer are among the property features. Four separate entrances support flexible circulation, while the rear handicap ramp provides accessible entry.
The property is located approximately 1,000 feet from the intersection of 124 and Gwinnett Drive, between Sugarloaf Parkway and the intersection of Gwinnett Drive. Zoning is O&N. The stated possible uses include a special needs school, tutoring operation, specialized medical office, attorney office, or insurance office.
The property is located approximately 1,000 feet from the intersection of 124 and Gwinnett Drive, between Sugarloaf Parkway and the intersection of Gwinnett Drive. Zoning is O&N. The stated possible uses include a special needs school, tutoring operation, specialized medical office, attorney office, or insurance office.
Key Highlights
- 1,819‑square‑foot office building with 7 offices and a bonus room
- Four separate entrances plus a rear handicap ramp
- Large reception area and small kitchen with sink, refrigerator, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office property with private rooms, reception space, parking, and ramp access for specialized professional uses.
Where is this office building located?
The property is located at 288 SCENIC Highway 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: 1,819‑square‑foot office building with 7 offices and a bonus room; Four separate entrances plus a rear handicap ramp; Large reception area and small kitchen with sink, refrigerator, and microwave
