Downtown Lawrenceville Mixed-Use
For Sale
$365,000
888 Clayton Street, Lawrenceville, GA 30046
Dual-zoned property near downtown Lawrenceville, ideal for business.
Property Size1,398 SF
Price / SF$261.09
Days on Market281
Property Features for 888 Clayton Street
General Information
Standard status
Active
Size
1,398 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
Central Air
3
Hardwood, Vinyl, Carpet
Wood Shingle
Parking.
4 Parking Spaces. Lot.
8712.0
Paved Road.
Building Details
Year Built
1930
Listing Agency:
Coldwell Banker Realty
(770) 823-9619
Listed By:
LeAnn Chick · License #243743
(770) 823-9619
Source:
Xome
Added: Nov 19, 2025
Changed: Aug 25
Last Checked: Aug 26 at 5:40AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This property presents an opportunity in downtown Lawrenceville, situated blocks from the downtown area. Zoned for both commercial and residential use, it is suitable for business purposes. The location offers access off of Buford Drive, near the Depot District and minutes from the College Corridor. The property features a level lot for parking, additional storage, a newer roof, and renovations completed several years ago. It has been maintained by the owners for over 42 years and is located in a high-traffic area.
Key Highlights
- Dual zoning (commercial and residential) offers flexible usage.
- High‑visibility location off Buford Drive in downtown Lawrenceville.
- Easy access to the Depot District and College Corridor.
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
$16,986
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
4.65%
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%
$339,720
$339.7K
Cap Rate 7%
$242,657
$242.7K
Cap Rate 9%
$188,733
$188.7K
Market Conditions
NOI Build-Up for 1,398 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
$30.2K $21.60/SF
− Vacancy
−$3.0K −$2.16/SF
EGI
$27.2K $19.44/SF
− OpEx
−$10.2K −$7.29/SF
NOI
$17.0K $12.15/SF
Area
Gwinnett County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$339,720
Cap Rate 7%
$242,657
Cap Rate 9%
$188,733
Alternative Uses
Best Use
Mixed Use
$242.7K
$212.3K – $283.1K
NOI $16,986 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.8K
$342.0K – $455.9K
NOI $27,356 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 30046, GA
40,227
Population
14,356
Households
2.8
Avg Household Size
34
Median Age
26%
College-Educated
84%
High-School Grad
15.8 sq mi
ZIP Area
2,546
Density / Sq Mi
$63,379
Median Household Income
$36,962
Median Earnings
$1,488
Median Rent
$302,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Dual-zoned property near downtown Lawrenceville, ideal for business.
Where is this mixed-use property located?
The property is located at 888 Clayton Street Lawrenceville, GA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Dual zoning (commercial and residential) offers flexible usage.; High‑visibility location off Buford Drive in downtown Lawrenceville.; Easy access to the Depot District and College Corridor.
