Two-Story Live-Work Commercial
566 Hillcrest Road NW Lilburn, GA 30047
566 Hillcrest Road NW, Lilburn, GA, 30047
$450,000
For Sale
$450,000
COMMERCIAL - Lilburn, GA
Property Size2,562 SF
Lot Size0.98 Acres
Price / SF$175.64
Days on Market54
Property Features for 566 Hillcrest Road NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Fencing
- Fenced, Privacy, Chain Link
- Standard status
- Active
- APN
- R6147 045
- Size
- 2,562 SF
- Lot size
- 0.98 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 3159
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1987
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agency
eXp Realty
(888) 959-9461
Listed by
Maggy Calhoun
(404) 886-0304
Added: May 30 Updated: Jun 15 at 1:43AM Checked: Jul 22 at 5:06AM
MLS# 10775410
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.
Investment Insights
Based on property information with market context.
A converted two-story residence totaling approximately 2,562 square feet provides flexible space for office, residential, or business use. The layout includes multiple offices, meeting or work areas, and five bedrooms that can be utilized as offices or additional work rooms. Two full kitchens are located on both levels, supporting a variety of operating styles and daily workflow needs. A detached 4-car garage/workshop adds practical storage and workspace, while the property also offers room for parking and business operations.
The property is located in the City of Lilburn on approximately 0.98 acres. It is positioned for convenient regional access “just minutes” from Indian Trail Road, Lawrenceville Highway, and I-85, supporting travel throughout Gwinnett County and Metro Atlanta. The property sits along a well-established commercial corridor. The City of Lilburn’s CB (Commercial Business) zoning is described as allowing a wide range of retail, office, and service-oriented uses.
For buyers seeking a versatile, tenant-occupied commercial asset with both office and residential-style rooms, this property provides an adaptable interior and an on-site detached garage/workshop. The combination of multiple offices, two full kitchens, and convertible bedrooms can support a range of service and office-based tenants, while the parking and storage features can support ongoing operations.
The property is located in the City of Lilburn on approximately 0.98 acres. It is positioned for convenient regional access “just minutes” from Indian Trail Road, Lawrenceville Highway, and I-85, supporting travel throughout Gwinnett County and Metro Atlanta. The property sits along a well-established commercial corridor. The City of Lilburn’s CB (Commercial Business) zoning is described as allowing a wide range of retail, office, and service-oriented uses.
For buyers seeking a versatile, tenant-occupied commercial asset with both office and residential-style rooms, this property provides an adaptable interior and an on-site detached garage/workshop. The combination of multiple offices, two full kitchens, and convertible bedrooms can support a range of service and office-based tenants, while the parking and storage features can support ongoing operations.
Key Highlights
- Approximately 0.98‑acre CB (Commercial Business) zoned property in the City of Lilburn
- Two‑story building offers approximately 2,562 SF of flexible office, residential, or business space
- Includes detached 4‑car garage/workshop plus ample room for parking and storage
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $23.87 |
| − Vacancy | −$15.4k | −$6.02 |
| EGI | $45.7k | $17.85 |
| − OpEx | −$11.4k | −$4.46 |
| NOI | $34.3k | $13.39 |
2,562 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$490.1K
$428.9K – $571.8K
NOI $34,308 @ 7.0% cap · market cap 7.62%
Second Best
Mixed Use
$444.7K
$389.1K – $518.8K
NOI $31,128 @ 7.0% cap · market cap 6.92%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Goliath Exteriors
Landscaping
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FAQs
What type of property is this?
Live-work space - Converted two-story building offers flexible office and residential-style space with kitchens, bedrooms, and detached garage/workshop.
Where is this live-work space located?
The property is located at 566 Hillcrest Road 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: Approximately 0.98‑acre CB (Commercial Business) zoned property in the City of Lilburn; Two‑story building offers approximately 2,562 SF of flexible office, residential, or business space; Includes detached 4‑car garage/workshop plus ample room for parking and storage
