Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Norcross Commercial Property for Rent Title is generated by Realmo AI

    4225 Phil Niekro Pkwy, Norcross, GA 30093

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial property available for rent in Norcross, Georgia.

    Type:Industrial
    Added:
    Nov 5, 2024
    Days on Market:
    575
    Last Refresh:
    May 11 at 9:31 pm

    Property Features for 4225 Phil Niekro Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 4225 Phil Niekro Pkwy Contact us

    We can help!

    Listing Contact
    Morgan McMenamy

    Listing agent Morgan McMenamy License #GA 427920

    Listing office Apex Industrial Real Estate Advisors

    Listing date Nov 5, 2024

    Source Crexi

    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 Apex Industrial Real Estate Advisors

    HighLights

    • Proximity to I‑85 (2 miles)
    • Proximity to I‑285 (8 miles)
    • Proximity to I‑20 (20 miles)
    • Located just 32 miles from Atlanta Airport
    • Year Built: 1986

    Overview

    The commercial property is located approximately 2 miles from I-85, 8 miles from I-285, 20 miles from I-20, and 32 miles from Atlanta Airport. The property is located at 4225 Phil Niekro Pkwy, Norcross, GA 30093.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jai Mei Trading Agricultural Supply ICGC Church - Atlanta Church ICGC Evangel Temple Church Kaddak Builds Industrial Manufacturer QUICK & BOX GROUP ... Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.135999
    Latitude
    33.9232987

    Nearby Similar for Lease

    • $18 SF/Yr
      1,250-1,250 SF

      Gwinnett Walk Shopping Center

      Retail space available in well-maintained shopping center with ample parking.
      3466 Holcomb Bridge Rd, Unit L&M, Norcross, GA 30092
      View Details
    • $12,800/Mo

      Norcross Event Hall For Lease

      9,000 SF event hall in prime location for lease.
      4142 jimmy carter, Norcross, GA 30093
      View Details
    • $23 SF/Yr
      2,500 SF

      Retail Space on Singleton Road

      2,500 SF retail suite available in Norcross, Georgia.
      1235 Indian Trail Lilburn Road, Norcross, GA 30093
      View Details
    • $25 SF/Yr
      25,694 SF

      Peachtree Parkway Medical/Office Suites

      Medical and office suites available for lease on Peachtree Parkway.
      5635 Peachtree Parkway, Norcross, GA 30092
      View Details
    • $15 SF/Yr
      15,829 SF

      Versatile Office/Retail Space Available

      Multi-purpose space for lease near Peachtree Industrial Blvd and Medlock Bridge Road.
      5390 Peachtree Industrial Blvd, Norcross, GA 30071
      View Details
    • $19 SF/Yr
      20,221 SF

      Modern Office with Lakefront Access

      Modern office space with lakefront access in Peachtree Corners.
      6801 Governors Lake Parkway, Norcross, Georgia 30071
      View Details
    • $23 SF/Yr
      22,000 SF

      Peachtree Corners Office Space Available

      Office space for rent in Peachtree Corners, Norcross, GA.
      6625 The Corners Parkway Northwest, Norcross, GA 30092
      View Details
    • Contact for pricing
      4,571 SF

      Industrial Space on Peachtree Boulevard

      4,571 SF industrial space with office and dock doors.
      5150 Peachtree Industrial Boulevard, Norcross, GA 30071
      View Details
    • Contact for pricing
      101,052 SF

      Peachtree Corners Office Space Available

      Office building with enhanced landscaping and interstate access.
      3091 Governors Lake Dr Peachtree, Corners, GA 30071
      View Details
    • Contact for pricing
      22,000 SF

      Peachtree Corners Office Space Available

      Office space in Peachtree Corners with easy highway access.
      6625 The Corners Parkway Northwest, Norcross, GA 30092
      View Details
    • Contact for pricing
      2,500 SF

      Retail Suite on Singleton Road

      Retail space in Norcross, GA, with high traffic visibility.
      1235 Indian Trail Lilburn Road, Norcross, GA 30093
      View Details
    • Contact for pricing
      19,500 SF

      Industrial Space on Peachtree Boulevard

      19,500 SF industrial space available for lease now.
      5100 Peachtree Industrial Boulevard, Norcross, GA 30071
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for rent in Norcross, Georgia.
    Where is this specialty property located?
    The property is located at 4225 Phil Niekro Pkwy Norcross, GA.
    What are key features of this property?
    This property features: Proximity to I‑85 (2 miles); Proximity to I‑285 (8 miles); Proximity to I‑20 (20 miles)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Morgan McMenamy
    Real Estate License ID: GA 427920
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4225 Phil Niekro Pkwy, Norcross, GA 30093
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!