Two-Property Executive Office
For Sale
Contact for pricing
333 Swanson Drive, Lawrenceville, GA 30043
Income-producing office assets offer flexible suites, shared amenities, and secure tenant access.
Property Size15,700 SF
Price / SF$164.01
Days on Market131
Property Features for 333 Swanson Drive
General Information
Standard status
Active
Size
15,700 SF
Class
C
Property subtype
Office
Zoning
333- LM | 4482-C2
Occupancy
98%
Additional Details
Highway Access
Yes
Amenities
shared conference room facilities
kitchen amenities
well-maintained common areas
Building Details
Year Built
2000
Buildings
2
Stories
1
Units
33
Tenancy
Multi
Listing Agency:
Summit Real Estate
(678) 735-0000
Listed By:
Rebecca Davis · License #GA 234538
Source:
Crexi
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 2:50PM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This offering includes two executive office properties serving small businesses, entrepreneurs, professional service providers, and other office users. The Lawrenceville asset at 333 Swanson Drive contains approximately 8,400 square feet on 1.38 acres, with approximately 33 private offices and one suite used for storage. Shared conference space, kitchen amenities, interior suite access, and secure 24-hour tenant entry support the operating format. The building is 98% leased and located 1.9 miles from I-85, 3.4 miles from GA-316, and approximately 2.1 miles from Downtown Lawrenceville.
The Buford property at 4482 Commerce Drive provides approximately 7,300 square feet across two levels, including 4,800 square feet on the first floor and 2,500 square feet on the second floor, on approximately 0.21 acres. It is 98% occupied and includes flexible suites, interior access, secure 24-hour entry, and ample parking. The property is approximately 1.6 miles from I-985, 3.5 miles from I-85, and 4.2 miles from the Mall of Georgia. Combined property size is 15,700 square feet.
The Buford property at 4482 Commerce Drive provides approximately 7,300 square feet across two levels, including 4,800 square feet on the first floor and 2,500 square feet on the second floor, on approximately 0.21 acres. It is 98% occupied and includes flexible suites, interior access, secure 24-hour entry, and ample parking. The property is approximately 1.6 miles from I-985, 3.5 miles from I-85, and 4.2 miles from the Mall of Georgia. Combined property size is 15,700 square feet.
Key Highlights
- Two executive office properties in Lawrenceville and Buford, GA
- Combined 98% occupancy across the portfolio
- 333 Swanson Drive includes approximately 8,400 square feet on 1.38 acres
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
$210,240
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
8.16%
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%
$4,204,800
$4.2M
Cap Rate 7%
$3,003,429
$3.0M
Cap Rate 9%
$2,336,000
$2.3M
Market Conditions
NOI Build-Up for 15,700 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
$374.8K $23.87/SF
− Vacancy
−$94.4K −$6.02/SF
EGI
$280.3K $17.85/SF
− OpEx
−$70.1K −$4.46/SF
NOI
$210.2K $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%
$4,204,800
Cap Rate 7%
$3,003,429
Cap Rate 9%
$2,336,000
Alternative Uses
Best Use
Office B
$3.00M
$2.63M – $3.50M
NOI $210,240 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,213 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 30043, GA
88,453
Population
30,251
Households
2.9
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
33.1 sq mi
ZIP Area
2,672
Density / Sq Mi
$91,299
Median Household Income
$44,207
Median Earnings
$1,787
Median Rent
$344,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Income-producing office assets offer flexible suites, shared amenities, and secure tenant access.
Where is this office building located?
The property is located at 333 Swanson Drive Lawrenceville, GA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Two executive office properties in Lawrenceville and Buford, GA; Combined 98% occupancy across the portfolio; 333 Swanson Drive includes approximately 8,400 square feet on 1.38 acres
