Renovated Building in Prime
For Sale
Contact for pricing
6139 Oakbrook Pkwy, Norcross, GA 30093
Recently renovated commercial building in a high-traffic area.
Property Size13,920 SF
Price / SF$201.15
Days on Market739
Property Features for 6139 Oakbrook Pkwy
General Information
Standard status
Active
Size
13,920 SF
Class
B
Property subtype
Office, Retail
Building Details
Year Built
1981
Listing Agency:
NDI Maxim Real Estate
(770) 912-9684
Listed By:
Tung Le · License #GA 293555
Source:
Crexi
Added: Aug 2, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:37AM
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 NDI Maxim Real Estate
Investment Insights
Based on property information with market context.
This recently renovated 12,070 square foot building is located on Jimmy Carter Boulevard and Oakbrook Parkway, adjacent to a Hong Kong Supermarket and shopping center. Situated in the business hub of the Vietnamese community in Southwest Gwinnett County, the property offers good visibility and is currently configured for eight tenants but used by six tenants, with 100% occupancy. The property has a total size of 13,920 square feet and presents future potential.
Key Highlights
- Prime location in the heart of the Vietnamese business hub of SW Gwinnett County, near Jimmy Carter Blvd and Oakbrook Pkwy.
- Fully occupied 12,070 sqft building with good tenants.
- Recently renovated building.
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
$186,404
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
6.66%
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%
$3,728,080
$3.7M
Cap Rate 7%
$2,662,914
$2.7M
Cap Rate 9%
$2,071,156
$2.1M
Market Conditions
NOI Build-Up for 13,920 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
$332.3K $23.87/SF
− Vacancy
−$83.7K −$6.02/SF
EGI
$248.5K $17.85/SF
− OpEx
−$62.1K −$4.46/SF
NOI
$186.4K $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 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%
$3,728,080
Cap Rate 7%
$2,662,914
Cap Rate 9%
$2,071,156
Alternative Uses
Best Use
Office B
$2.66M
$2.33M – $3.11M
NOI $186,404 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$2.31M
$2.02M – $2.70M
NOI $161,711 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,382 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,794
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30093, GA
55,364
Population
20,303
Households
2.7
Avg Household Size
31
Median Age
21%
College-Educated
69%
High-School Grad
12.0 sq mi
ZIP Area
4,614
Density / Sq Mi
$50,690
Median Household Income
$34,643
Median Earnings
$1,574
Median Rent
$245,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gwinnett Horizons Shopping Center — Jimmy Carter Blvd, Norcross, GA 30093
- Cedar Village Shopping Center — Cedar Village Shopping Center, 6210 Singleton Rd, Norcross, GA 30093
- Singleton Square — 6010 Singleton Rd, Norcross, GA 30093
- Liveoak Plaza — 6100 Live Oak Pkwy, Norcross, GA 30093
- Georgia MV Express Tag Kiosk — 6050 Singleton Rd, Norcross, GA 30093
Frequently Asked Questions
What type of property is this?
Shopping center - Recently renovated commercial building in a high-traffic area.
Where is this shopping center located?
The property is located at 6139 Oakbrook Pkwy Norcross, GA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Prime location in the heart of the Vietnamese business hub of SW Gwinnett County, near Jimmy Carter Blvd and Oakbrook Pkwy.; Fully occupied 12,070 sqft building with good tenants.; Recently renovated building.
