Prime Commercial Property Near
For Sale
$816,725
5 Hurricane Shoals Road NE, Lawrenceville, GA 30046
Commercial property with high visibility, minutes from downtown Lawrenceville.
Property Size3,580 SF
Price / SF$228.14
Days on Market275
Property Features for 5 Hurricane Shoals Road NE
General Information
Standard status
Active
Size
3,580 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,564
Amenities
Central air
Corner Lot
Central Air Cooling
Central Heating
Composition Roof
Electric Cooling
Laminate Flooring
Level
Natural Gas Heating
Parking Lot
Zoned Cooling
Zoned Heating
Building Details
Year Built
1988
Listing Agency:
Living Stone Properties, Inc.
(678) 618-4970
Listed By:
Greg Cantrell · License #163837
Source:
Corcoran
Added: Nov 7, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:34AM
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 commercial property is located minutes from Historic Downtown Lawrenceville, Georgia Gwinnett College, Northside Hospital Gwinnett, and Gwinnett County Airport-Briscoe Field, with easy access to University Parkway (Hwy 316). The four-sided brick building features three separate office suites. Suite A is approximately 2,143 square feet, Suite B is approximately 373 square feet, and Suite C is approximately 1,064 square feet. This property presents an opportunity for owner-users, investors, or professional offices seeking visibility and accessibility in a high-traffic area.
Key Highlights
- Prime commercial property with high visibility in a great location.
- Close proximity to Historic Downtown Lawrenceville, Georgia Gwinnett College, Northside Hospital Gwinnett, and Gwinnett County Airport‑Briscoe Field.
- Easy access to University Parkway (Hwy 316).
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
$47,940
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
5.87%
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%
$958,800
$958.8K
Cap Rate 7%
$684,857
$684.9K
Cap Rate 9%
$532,667
$532.7K
Market Conditions
NOI Build-Up for 3,580 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
$85.5K $23.87/SF
− Vacancy
−$21.5K −$6.02/SF
EGI
$63.9K $17.85/SF
− OpEx
−$16.0K −$4.46/SF
NOI
$47.9K $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%
$958,800
Cap Rate 7%
$684,857
Cap Rate 9%
$532,667
Alternative Uses
Best Use
Office B
$684.9K
$599.3K – $799.0K
NOI $47,940 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$875.7K – $1.17M
NOI $70,052 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercial property with high visibility, minutes from downtown Lawrenceville.
Where is this office building located?
The property is located at 5 Hurricane Shoals Road NE 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: Prime commercial property with high visibility in a great location.; Close proximity to Historic Downtown Lawrenceville, Georgia Gwinnett College, Northside Hospital Gwinnett, and Gwinnett County Airport‑Briscoe Field.; Easy access to University Parkway (Hwy 316).
