Versatile Office-Residential
For Sale
$450,000
566 Hillcrest Rd Nw, Lilburn, GA 30047
Converted two-story building with flexible office and residential/business space, plus detached garage workshop and parking room.
Property Size2,562 SF
Lot Size0.98 Acres
Price / SF$175.64
Days on Market134
Property Features for 566 Hillcrest Rd Nw
General Information
Standard status
Active
Size
2,562 SF
Lot size
0.98 Acres
Zoning
CB
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,870
Building Details
Stories
2
Listing Agency:
EXP Realty, LLC.
(888) 959-9461
Listed By:
Maggy Calhoun
(404) 886-0304
Source:
Exprealty
Added: May 30
Changed: Oct 2
Last Checked: Oct 9 at 8:21PM
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 EXP Realty, LLC.
Investment Insights
Based on property information with market context.
This converted residence offers approximately 2,562 square feet of flexible space inside a two-story building. The layout includes multiple offices, two full kitchens (one on each level), and five bedrooms that can be used as offices, meeting spaces, or work areas. A detached 4-car garage/workshop adds practical support space, with additional room for parking and storage to support business operations.
The property is located in the City of Lilburn and is described as being zoned CB (Commercial Business). It sits on approximately 0.98 acres and is positioned just minutes from Indian Trail Road, Lawrenceville Highway, and I-85, providing access to Gwinnett County and the Metro Atlanta area. Public remarks also note the property’s placement along a well-established commercial corridor.
For tenants or owner-users, the configuration supports a variety of office and service-oriented setups, with both kitchen and room-for-work features that can accommodate different operating styles across two levels. For investors or buyers, the listing notes the property is tenant-occupied, offering a built-in operating scenario while maintaining flexibility through the CB zoning for multiple retail, office, and service-oriented uses.
The property is located in the City of Lilburn and is described as being zoned CB (Commercial Business). It sits on approximately 0.98 acres and is positioned just minutes from Indian Trail Road, Lawrenceville Highway, and I-85, providing access to Gwinnett County and the Metro Atlanta area. Public remarks also note the property’s placement along a well-established commercial corridor.
For tenants or owner-users, the configuration supports a variety of office and service-oriented setups, with both kitchen and room-for-work features that can accommodate different operating styles across two levels. For investors or buyers, the listing notes the property is tenant-occupied, offering a built-in operating scenario while maintaining flexibility through the CB zoning for multiple retail, office, and service-oriented uses.
Key Highlights
- Commercial Business (CB) zoned property in the City of Lilburn with versatile office, residential, and business space
- Approximately 0.98‑acre site with an about 2,562 SF two‑story converted building featuring flexible layouts
- Includes multiple offices, 5 bedrooms, and meeting spaces that can be used as offices or work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,308
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,160
$686.2K
Cap Rate 7%
$490,114
$490.1K
Cap Rate 9%
$381,200
$381.2K
Market Conditions
NOI Build-Up for 2,562 SF
Gross rent
$61.2K $23.87/SF
− Vacancy
−$15.4K −$6.02/SF
EGI
$45.7K $17.85/SF
− OpEx
−$11.4K −$4.46/SF
NOI
$34.3K $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%
$686,160
Cap Rate 7%
$490,114
Cap Rate 9%
$381,200
Alternative Uses
Best Use
Office B
$490.1K
$428.9K – $571.8K
NOI $34,308 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.2K
$626.7K – $835.5K
NOI $50,132 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 30047, GA
69,172
Population
22,691
Households
3
Avg Household Size
38
Median Age
39%
College-Educated
82%
High-School Grad
27.4 sq mi
ZIP Area
2,525
Density / Sq Mi
$85,909
Median Household Income
$41,760
Median Earnings
$1,681
Median Rent
$325,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Converted two-story building with flexible office and residential/business space, plus detached garage workshop and parking room.
Where is this office building located?
The property is located at 566 Hillcrest Rd Nw Lilburn, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Commercial Business (CB) zoned property in the City of Lilburn with versatile office, residential, and business space; Approximately 0.98‑acre site with an about 2,562 SF two‑story converted building featuring flexible layouts; Includes multiple offices, 5 bedrooms, and meeting spaces that can be used as offices or work areas
