Shopping Center with Retail
For Sale
Contact for pricing
3380 Holcomb Bridge Rd, Norcross, GA 30092
Multi-tenant commercial center with direct roadway access, parking, and space suited to retail, service, medical, and experiential concepts.
Property Size20,851 SF
Price / SF$158.27
Days on Market1898
Property Features for 3380 Holcomb Bridge Rd
General Information
Standard status
Active
Size
20,851 SF
Property subtype
Retail
Zoning
c-3 commercial
Building Details
Year Built
1984
Tenancy
Multi
Listing Agency:
Hale Retail Group
Listed By:
Sam Hale · License #GA 129249
Source:
Crexi
Added: Jun 22, 2021
Changed: Aug 30
Last Checked: Aug 30 at 9:36AM
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 Hale Retail Group
Investment Insights
Based on property information with market context.
This shopping center contains 20,851 square feet and was built in 1984. The property is configured to accommodate a range of commercial occupants, including retail, service, medical, and experiential businesses. Direct access, on-site parking, efficient internal circulation, and storefront exposure support customer-oriented operations. The property is zoned C-3 commercial.
Located at 3380 Holcomb Bridge Rd in Norcross, Georgia, the center fronts Holcomb Bridge Road, also identified as GA-140. The roadway connects Norcross, Peachtree Corners, and Johns Creek, while nearby residential neighborhoods, office parks, corporate campuses, and professional-service firms contribute to both daytime and evening activity. The surrounding retail environment includes national, regional, and local businesses.
Located at 3380 Holcomb Bridge Rd in Norcross, Georgia, the center fronts Holcomb Bridge Road, also identified as GA-140. The roadway connects Norcross, Peachtree Corners, and Johns Creek, while nearby residential neighborhoods, office parks, corporate campuses, and professional-service firms contribute to both daytime and evening activity. The surrounding retail environment includes national, regional, and local businesses.
Key Highlights
- 20,851‑square‑foot shopping center built in 1984
- C‑3 commercial zoning
- Frontage and storefront exposure along Holcomb Bridge Road (GA‑140)
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
$242,230
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
7.34%
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%
$4,844,600
$4.8M
Cap Rate 7%
$3,460,429
$3.5M
Cap Rate 9%
$2,691,444
$2.7M
Market Conditions
NOI Build-Up for 20,851 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
$375.3K $18.00/SF
− Vacancy
−$29.3K −$1.40/SF
EGI
$346.0K $16.60/SF
− OpEx
−$103.8K −$4.98/SF
NOI
$242.2K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,844,600
Cap Rate 7%
$3,460,429
Cap Rate 9%
$2,691,444
Alternative Uses
Best Use
Retail
$3.46M
$3.03M – $4.04M
NOI $242,230 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.83M
$5.10M – $6.80M
NOI $408,006 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30092, GA
35,988
Population
16,525
Households
2.2
Avg Household Size
36
Median Age
53%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
3,213
Density / Sq Mi
$77,339
Median Household Income
$47,727
Median Earnings
$1,634
Median Rent
$465,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant commercial center with direct roadway access, parking, and space suited to retail, service, medical, and experiential concepts.
Where is this shopping center located?
The property is located at 3380 Holcomb Bridge Rd Norcross, GA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 20,851‑square‑foot shopping center built in 1984; C‑3 commercial zoning; Frontage and storefront exposure along Holcomb Bridge Road (GA‑140)
