Retail Building with Roll-Up
New
For Sale
$649,900
350 W Pike Street, Lawrenceville, GA 30046
Freestanding brick retail building with updated electrical, a new roof, customer areas, and flexible support space.
Property Size1,982 SF
Price / SF$346.43
Days on Market5
Property Features for 350 W Pike Street
General Information
Standard status
Active
Size
1,982 SF
Property subtype
Other
Additional Details
Corner Location
Yes
Amenities
sitting area
reception area
2 bathrooms
utility room
storage room
outside area with roll up doors
0.37 acres, Corner Lot
Composition
Partial
Public Sewer
Annual Amount: $6,269, Year: 2025
Concrete
Cumulative Days on Market: 2, 2 days on market, On Market Date: 2026-08-05
Parking Total: 7, Parking Lot
Built in 1982, Brick, Retail
County: Gwinnett
Resale
Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Public
Close Of Escrow
Water body: None
Accessible Doors, Accessible Entrance
Building Details
Building Size
1,982 SF
Year Built
1982
Construction
brick
Listing Agency:
Virtual Properties Realty.com
(404) 925-4113
Listed By:
Dwilyn Braswell
(404) 925-4113
Source:
Blackstreaminternational
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 3:49PM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This retail property at 350 W Pike Street in Lawrenceville features a four-sided brick building with a new roof, updated electrical, and heat pipes plumbed in place. The interior includes a sitting area, reception area, two bathrooms, a utility room, and a storage room. An exterior area with roll-up access provides additional functional space, while brand-new garage doors complete the improvements.
Positioned on a commercial corner with double road frontage, the property offers a layout that can accommodate retail-oriented operations. The building is tall enough to support construction of a second level, subject to applicable approvals. Built in 1982, the property combines an established structure with several recent building updates.
Positioned on a commercial corner with double road frontage, the property offers a layout that can accommodate retail-oriented operations. The building is tall enough to support construction of a second level, subject to applicable approvals. Built in 1982, the property combines an established structure with several recent building updates.
Key Highlights
- Four‑sided brick retail building at 350 W Pike Street, Lawrenceville, GA 30046
- New roof and updated electrical system
- Sitting area, reception area, 2 bathrooms, utility room, and storage room
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
$30,148
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
4.64%
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%
$602,960
$603.0K
Cap Rate 7%
$430,686
$430.7K
Cap Rate 9%
$334,978
$335.0K
Market Conditions
NOI Build-Up for 1,876 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
$43.2K $23.04/SF
− Vacancy
−$3.0K −$1.61/SF
EGI
$40.2K $21.43/SF
− OpEx
−$10.0K −$5.36/SF
NOI
$30.1K $16.07/SF
Area
Gwinnett County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$602,960
Cap Rate 7%
$430,686
Cap Rate 9%
$334,978
Alternative Uses
Best Use
Specialty Retail
$430.7K
$376.9K – $502.5K
NOI $30,148 @ 7.0% cap · market cap 4.64%
Second Best
Retail
$311.3K
$272.4K – $363.2K
NOI $21,794 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$524.4K
$458.9K – $611.8K
NOI $36,709 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,174
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding brick retail building with updated electrical, a new roof, customer areas, and flexible support space.
Where is this retail space located?
The property is located at 350 W Pike Street Lawrenceville, GA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four‑sided brick retail building at 350 W Pike Street, Lawrenceville, GA 30046; New roof and updated electrical system; Sitting area, reception area, 2 bathrooms, utility room, and storage room
