Medical Office Building with Monument
For Sale
Contact for pricing
401-405 West Pike St, Lawrenceville, GA 30046
The freestanding medical property occupies a 0.75-acre parcel near Northside Gwinnett Hospital.
Property Size5,985 SF
Lot Size0.75 Acres
Price / SF$158.73
Days on Market8
Property Features for 401-405 West Pike St
General Information
Standard status
Active
Size
5,985 SF
Lot size
0.75 Acres
Property subtype
Office
Amenities
monument signage
Building Details
Buildings
1
Building Size
5,985 SF
Listing Agency:
Lavista Associates
Listed By:
Joe Gonsalves · License #GA 351413
Source:
Crexi
Added: Sep 18
Changed: Sep 24
Last Checked: Sep 24 at 3:05PM
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 Lavista Associates
Investment Insights
Based on property information with market context.
A 5,985-square-foot medical office building is offered for sale on a 0.75-acre parcel. Monument signage is part of the property.
The building is near Northside Gwinnett Hospital in Lawrenceville, Georgia.
The building is near Northside Gwinnett Hospital in Lawrenceville, Georgia.
Key Highlights
- 5,985‑square‑foot medical office building
- Occupies a 0.75‑acre parcel
- Monument signage
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
$86,777
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
9.13%
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%
$1,735,540
$1.7M
Cap Rate 7%
$1,239,671
$1.2M
Cap Rate 9%
$964,189
$964.2K
Market Conditions
NOI Build-Up for 5,985 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
$161.6K $27.00/SF
− Vacancy
−$17.0K −$2.84/SF
EGI
$144.6K $24.17/SF
− OpEx
−$57.9K −$9.67/SF
NOI
$86.8K $14.50/SF
Area
Gwinnett County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,735,540
Cap Rate 7%
$1,239,671
Cap Rate 9%
$964,189
Alternative Uses
Best Use
Healthcare Medical
$1.24M
$1.08M – $1.45M
NOI $86,777 @ 7.0% cap · market cap 9.13%
Second Best
Office B
$1.14M
$1.00M – $1.34M
NOI $80,146 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,113 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,070
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Gwinnett Animal Clinic — 190 Buford Dr, Lawrenceville, GA 30046
- Griffin J L DVM — 190 Buford Dr, Lawrenceville, GA 30046
- Fant M J DVM — 190 Buford Dr, Lawrenceville, GA 30046
Frequently Asked Questions
What type of property is this?
Medical Office Space - The freestanding medical property occupies a 0.75-acre parcel near Northside Gwinnett Hospital.
Where is this medical office space located?
The property is located at 401-405 West Pike St Lawrenceville, GA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,985‑square‑foot medical office building; Occupies a 0.75‑acre parcel; Monument signage
