Brick Corner
For Sale
$649,900
350 W Pike Street, Lawrenceville, GA 30046
Commercial Sale, Lawrenceville, GA
Property Size1,876 SF
Lot Size0.37 Acres
Price / SF$346.43
Days on Market46
Property Features for 350 W Pike Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
BG -
Parking
7
Parking features
Parking Lot
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
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
brand new garage doors
Building Details
Year built
1982
Floors in Building
1
Flooring type
Concrete
Building materials
Brick, Brick 4 Sides
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
DWILYN BRASWELL · License #229858
(404) 925-4113
Added: Aug 5
Changed: Sep 10
Last Checked: Sep 19 at 11:06PM
MLS# 7816525
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 1,876-square-foot storefront property sits on 0.37 acres and features four-sided brick construction, a new roof, updated electrical, and concrete flooring. The interior includes a sitting area, reception area, two bathrooms, a utility room, and storage. Heat pipes are plumbed into the building, and the structure is tall enough to accommodate construction of a second level. Brand-new garage doors provide access to an exterior area designed for open-air use.
The property occupies a commercial corner with double road frontage in Lawrenceville. A parking lot serves the building, while public water and public sewer are available. Zoning is listed as BG -.
The property occupies a commercial corner with double road frontage in Lawrenceville. A parking lot serves the building, while public water and public sewer are available. Zoning is listed as BG -.
Key Highlights
- 1,876‑square‑foot storefront building on 0.37 acres
- Corner property with double road frontage
- Four‑sided brick construction with a new roof
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
$21,794
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
3.35%
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%
$435,880
$435.9K
Cap Rate 7%
$311,343
$311.3K
Cap Rate 9%
$242,156
$242.2K
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
$33.8K $18.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$31.1K $16.60/SF
− OpEx
−$9.3K −$4.98/SF
NOI
$21.8K $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%
$435,880
Cap Rate 7%
$311,343
Cap Rate 9%
$242,156
Alternative Uses
Best Use
Retail
$311.3K
$272.4K – $363.2K
NOI $21,794 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
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
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,350
Businesses Nearby
Well-served
Demand for This Use
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated electrical, a new roof, reception space, restrooms, and roll-up-door access define this flexible commercial building.
Where is this storefront property 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 storefront building on 0.37 acres; Corner property with double road frontage; Four‑sided brick construction with a new roof
