Brick Retail Building with Garage
New
For Sale
$649,900
350 W Pike Street, Lawrenceville, GA 30046
COMMERCIAL - Lawrenceville, GA
Property Size1,876 SF
Lot Size0.37 Acres
Price / SF$346.43
Days on Market5
Property Features for 350 W Pike Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
7
Parking features
Parking Lot
Lot features
Corner Lot
Directions
From Atlanta take I-85 North to Hwy 316. Take Lawrenceville Exit 5 (GA-120) which turns into W. Pike Street. This is a Rt turn. The property will be on your right.
Standard status
Active
APN
R5143 262
Size
1,876 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6269
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Amenities
sitting area
reception area
2 bathrooms
utility room
storage room
outside area with roll up doors
Building Details
Year built
1982
Flooring type
Concrete
Building materials
Brick
Roof type
Composition
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Dwilyn Braswell · License #229858
(404) 925-4113
Added: Aug 5
Last Checked: Aug 9 at 1:06AM
MLS# 10819746
Copyright © 2026 Georgia Multiple Listing Service. 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 1,876-square-foot retail property occupies a 0.37-acre parcel and was built in 1982. The four-sided brick building includes a reception area, sitting area, two bathrooms, utility room, storage room, concrete flooring, and an exterior area with roll-up doors. Building improvements include a new composition roof, updated electrical service, and heat pipes already plumbed in place. The structure also has sufficient height for construction of a second level, as stated in the property information.
The site has double road frontage and includes a parking lot. Public water and public sewer serve the property, with cable available. Brand-new garage doors and the outdoor roll-up-door area add functional flexibility for the existing retail configuration.
The site has double road frontage and includes a parking lot. Public water and public sewer serve the property, with cable available. Brand-new garage doors and the outdoor roll-up-door area add functional flexibility for the existing retail configuration.
Key Highlights
- 1,876‑square‑foot retail building on 0.37 acres
- Double road frontage with on‑site parking lot
- Four‑sided brick construction, built in 1982
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
Property Profile
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 commercial building offers reception and seating areas, two bathrooms, storage, and roll-up door access.
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: 1,876‑square‑foot retail building on 0.37 acres; Double road frontage with on‑site parking lot; Four‑sided brick construction, built in 1982
