Versatile Office-Residential
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 size:
2,562 SFLot size:
0.98 AcresPrice / SF:
$175/SF- Added:
- Jun 1, 2026
- Days on Market:
- 40
- Last Refresh:
- Jul 8 at 4:46 am
Property Features for 566 Hillcrest Rd Nw
General Information
- Standard status
- Active
- Size
- 2,562 SF
- Lot size
- 0.98 Acres
Listing office eXp Realty (404) 886-0304
Listing date Jun 1, 2026
Source Exprealty
Displayed information 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 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
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
—
—
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Goliath Exteriors
Landscaping
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FAQs
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
