4168 Abbotts Brg Rd Duluth, GA 30097-2158
- Commercial real estate
- 7,368 SF
- 0.86 lot acres
Nov 26, 2024
Current Use by Public Records
- Lightspeed Automation - 365 Retail Markets / Corporate Office
Property Details for 4168 Abbotts Brg Rd
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 0.86 lot acres
- Property size
- 7,368 SF
- Zone code
- ON-OFFICE NEIGHBORHOOD
- Property type
- Commercial real estate
- APN
- 6-323 -019
- APU
- 6323019
Description
This exceptional 7,368 square foot creative office building in Duluth, Georgia presents a compelling owner-user or investment opportunity. Located at 4168 Abbotts Bridge Road, this Class B property boasts a desirable location with high visibility, situated on a 0.88-acre lot and offering 25 parking spaces. Built in 2002, the two-story building features three units, currently leased under a triple-net (NNN) lease with a 5.92% cap rate and a net operating income (NOI) of $97,638. The asking price is $1,650,000 ($223.94/sq ft, $550,000/unit). The current tenant, LightSpeed Automation, is open to lease buyout negotiations, offering potential upside through increased rental rates upon lease expiration or subdivision into three separate suites. The property benefits from high traffic counts on Abbotts Bridge Road and Peachtree Industrial Boulevard, serving a densely populated area with a high average household income projected to increase significantly in the coming years. The lease includes two 2-year renewal options with a 3% annual base rent increase. Zoned O1, this property offers significant long-term potential for investors and owner-users alike. The property's strategic location and strong financial performance make it an attractive investment in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,115,000
- ML approach
- $2,335,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,490,000
- 6.5%
- $1,375,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,595,000
- AI Estimate
- $1,736,000
Market price range: $1.83M - $4.43MMarket price range: $923k - $2.81M
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Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.1573
- Latitude
- 34.019
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA