Brick Office Building with Three
For Sale
$816,725
5 Hurricane Shoals Road, Lawrenceville, GA 30046
Four-sided brick office building with three separate suites, sized for flexible professional use.
Property Size3,808 SF
Price / SF$214.48
Days on Market363
Property Features for 5 Hurricane Shoals Road
General Information
Standard status
Active
Size
3,808 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Office Units
3
Taxes and HOA fees
Annual Taxes
$7,564
Amenities
Central Air, Electric, A/C - Zone
3
Laminate
Composition
Parking. Corner Lot.
15 Parking Spaces. Lot.
15246.0
Corner, County Road.
Building Details
Year Built
1988
Construction
4-sided brick
Tenancy
Multi
Listing Agency:
Living Stone Properties, Inc.
(770) 277-9978
Listed By:
Greg Cantrell · License #163837
(770) 277-9978
Source:
Xome
Added: Aug 23, 2025
Changed: Aug 12
Last Checked: Aug 20 at 4:14AM
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 Living Stone Properties, Inc.
Investment Insights
Based on property information with market context.
This four-sided brick office building is arranged with three separate office suites, offering a mix of space sizes. Suite A is approximately 2,143 square feet, Suite B is approximately 373 square feet, and Suite C is approximately 1,064 square feet, making the layout workable for multiple tenants or an owner-occupant arrangement.
The property is located just minutes from Historic Downtown Lawrenceville, Georgia Gwinnett College, Northside Hospital Gwinnett, and Gwinnett County Airport–Briscoe Field. Access is described as convenient to University Parkway (Hwy 316) and major area amenities.
For sale as a multi-suite office asset, it is positioned for professional offices and owner-users or investors looking for building-level ownership with suite-based flexibility.
The property is located just minutes from Historic Downtown Lawrenceville, Georgia Gwinnett College, Northside Hospital Gwinnett, and Gwinnett County Airport–Briscoe Field. Access is described as convenient to University Parkway (Hwy 316) and major area amenities.
For sale as a multi-suite office asset, it is positioned for professional offices and owner-users or investors looking for building-level ownership with suite-based flexibility.
Key Highlights
- 4‑sided brick office building built in 1988 with three separate office suites for flexible professional use
- Suite A: approx. 2,143 SF; Suite B: approx. 373 SF; Suite C: approx. 1,064 SF
- 15 parking spaces on a corner lot with access off a county road
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
$50,993
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
6.24%
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%
$1,019,860
$1.0M
Cap Rate 7%
$728,471
$728.5K
Cap Rate 9%
$566,589
$566.6K
Market Conditions
NOI Build-Up for 3,808 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
$90.9K $23.87/SF
− Vacancy
−$22.9K −$6.02/SF
EGI
$68.0K $17.85/SF
− OpEx
−$17.0K −$4.46/SF
NOI
$51.0K $13.39/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$23.87 /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%
$1,019,860
Cap Rate 7%
$728,471
Cap Rate 9%
$566,589
Alternative Uses
Best Use
Office B
$728.5K
$637.4K – $849.9K
NOI $50,993 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$931.4K – $1.24M
NOI $74,514 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
694
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four-sided brick office building with three separate suites, sized for flexible professional use.
Where is this office units located?
The property is located at 5 Hurricane Shoals Road Lawrenceville, GA.
What is the asking price?
The asking price for this property is $816,725.
What are key features of this property?
This property features: 4‑sided brick office building built in 1988 with three separate office suites for flexible professional use; Suite A: approx. 2,143 SF; Suite B: approx. 373 SF; Suite C: approx. 1,064 SF; 15 parking spaces on a corner lot with access off a county road
