Remodeled Mixed-Use
For Sale
$699,000
523 Hurricane Shoals Road Northwest, Lawrenceville, GA 30046
Updated commercial space with central air, delivery access, storage, and new on-site parking improvements.
Property Size1,906 SF
Price / SF$366.74
Days on Market293
Property Features for 523 Hurricane Shoals Road Northwest
General Information
Standard status
Active
Size
1,906 SF
Total Parking Spaces
12
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$4,152
Amenities
Central Air
Central
Driveway Access, Exterior Entry, Full, Unfinished, Walk-Out Access
Luxury Vinyl
Block, Concrete Perimeter
Two
ENERGY STAR Qualified Windows
Recessed Lighting, Restrooms, Track Lighting
Barbed Wire
Asbestos Shingle
Delivery Door
No
Storage - Other
Asphalt, Concrete
Carbon Monoxide Detector(s), Security Lights
3
City Street
Brick 4 Sides
Building Details
Year Built
1965
Year Renovated
2024
Listing Agency:
Georgia Online Realty Inc.
Listed By:
SK Sherwani · License #366918
(678) 467-3041
Source:
Compass
Added: Nov 15, 2025
Changed: Aug 31
Last Checked: Aug 30 at 4:06AM
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 Georgia Online Realty Inc.
Investment Insights
Based on property information with market context.
This mixed-use property at 523 Hurricane Shoals Road Northwest in Lawrenceville was remodeled during 2023–2024. The 1,906-square-foot building includes central air, recessed and track lighting, restrooms, luxury vinyl flooring, exterior entry, a walk-out access point, and a delivery door. Storage space and security lighting add practical support for day-to-day operations. The building was originally constructed in 1965 and features brick on all four sides, block and concrete perimeter construction, and ENERGY STAR Qualified Windows.
The property includes a new 10-space parking lot and a new fire hydrant. Completion documentation and fire marshal inspection were obtained following the remodel. Additional site features include asphalt and concrete surfaces, driveway access, and a city-street setting.
The property includes a new 10-space parking lot and a new fire hydrant. Completion documentation and fire marshal inspection were obtained following the remodel. Additional site features include asphalt and concrete surfaces, driveway access, and a city-street setting.
Key Highlights
- 2023–2024 remodel with certificate of completion and fire marshal inspection
- 1,906‑square‑foot mixed‑use building at 523 Hurricane Shoals Road Northwest
- New 10‑space parking lot and new fire hydrant
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
$23,158
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
3.31%
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%
$463,160
$463.2K
Cap Rate 7%
$330,829
$330.8K
Cap Rate 9%
$257,311
$257.3K
Market Conditions
NOI Build-Up for 1,906 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
$41.2K $21.60/SF
− Vacancy
−$4.1K −$2.16/SF
EGI
$37.1K $19.44/SF
− OpEx
−$13.9K −$7.29/SF
NOI
$23.2K $12.15/SF
Area
Gwinnett County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$463,160
Cap Rate 7%
$330,829
Cap Rate 9%
$257,311
Alternative Uses
Best Use
Mixed Use
$330.8K
$289.5K – $386.0K
NOI $23,158 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.8K
$466.2K – $621.6K
NOI $37,296 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,593
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial space with central air, delivery access, storage, and new on-site parking improvements.
Where is this mixed-use property located?
The property is located at 523 Hurricane Shoals Road Northwest Lawrenceville, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2023–2024 remodel with certificate of completion and fire marshal inspection; 1,906‑square‑foot mixed‑use building at 523 Hurricane Shoals Road Northwest; New 10‑space parking lot and new fire hydrant
