Office Property with
For Sale
$645,000
541 Mary Lou Street, Suwanee, GA 30024
Commercial Sale, Suwanee, GA
Property Size1,484 SF
Lot Size0.51 Acres
Price / SF$434.64
Days on Market9
Property Features for 541 Mary Lou Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
4
Parking features
On Street
Fencing
Fenced, Chain Link
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
GPS Friendly
Standard status
Active
APN
R7236 020
Size
1,484 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
653
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1958
Flooring type
Laminate, Carpet
Building materials
Vinyl Siding
Roof type
Composition
Additional Structures
Residence
Listing Agency:
Southern Realty Group of GA, Inc.
(770) 227-1211
Listed By:
Austin Sexton
(678) 588-7625
Added: Oct 13
Changed: Oct 20
Last Checked: Oct 21 at 11:06AM
MLS# 10876022
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1958 property includes a 1,484-square-foot main residence with two bedrooms, one bathroom, a sunroom, office, living room, and kitchen. A detached two-car garage has a second-story apartment with one bedroom and one bathroom; additional storage buildings are also on the property. The lot measures 0.51 acres, and the exterior is vinyl siding. Central heating and air conditioning serve the main building, with on-street parking available.
The property is located on Buford Highway, a short walk from Suwanee Town Center. Zoning is split between R-100 residential and C-2 commercial. The property is being sold as-is; permitted uses and planning requirements are subject to verification with the City of Suwanee.
The property is located on Buford Highway, a short walk from Suwanee Town Center. Zoning is split between R-100 residential and C-2 commercial. The property is being sold as-is; permitted uses and planning requirements are subject to verification with the City of Suwanee.
Key Highlights
- 1,484‑square‑foot main residence on a 0.51‑acre lot
- Detached two‑car garage with a second‑story, one‑bedroom, one‑bathroom apartment
- Split zoning: R‑100 residential and C‑2 commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,872
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,440
$397.4K
Cap Rate 7%
$283,886
$283.9K
Cap Rate 9%
$220,800
$220.8K
Market Conditions
NOI Build-Up for 1,484 SF
Gross rent
$35.4K $23.87/SF
− Vacancy
−$8.9K −$6.02/SF
EGI
$26.5K $17.85/SF
− OpEx
−$6.6K −$4.46/SF
NOI
$19.9K $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 Rate 5%
$397,440
Cap Rate 7%
$283,886
Cap Rate 9%
$220,800
Alternative Uses
Best Use
Office B
$283.9K
$248.4K – $331.2K
NOI $19,872 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.8K
$363.0K – $484.0K
NOI $29,038 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 30024, GA
87,115
Population
29,306
Households
3
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
41.7 sq mi
ZIP Area
2,089
Density / Sq Mi
$139,918
Median Household Income
$60,932
Median Earnings
$1,872
Median Rent
$491,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Split residential and commercial zoning accompanies a main residence, detached apartment, and additional storage buildings.
Where is this office building located?
The property is located at 541 Mary Lou Street Suwanee, GA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 1,484‑square‑foot main residence on a 0.51‑acre lot; Detached two‑car garage with a second‑story, one‑bedroom, one‑bathroom apartment; Split zoning: R‑100 residential and C‑2 commercial
