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    3120 Medlock Brg Rd - Norcross, GA 30071

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    For Sale
    Contact for pricing

    28,004 SF Flex Space, Value-Add Opportunity

    Property size:
    28,004 SF

    Property Features for 3120 Medlock Brg Rd -

    General Information

    Property type
    Distribution properties
    Square Feet
    28,004 SF

    Building Details

    Year Built
    1989
    Stories
    2

    We can help!

    Listing Contact
    Doug Burggraaf
    Doug Burggraaf

    Listing Agency: King Industrial Realty Inc Listing Agent: Doug Burggraaf

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 28,004 square foot industrial property, located at 3120 Medlock Bridge Road - Building F in Peachtree Corners, Georgia, presents a compelling value-add investment opportunity. The two-story building, constructed in 1989, boasts a versatile layout ideal for owner-users seeking a blend of office and warehouse space. The ground level encompasses approximately 15,000 square feet, while the second floor offers an additional 13,000 square feet, providing ample room for various business needs. The property features convenient amenities including an elevator, two loading docks, and one loading ramp, ensuring efficient operations. Ample parking is available for employees and clients. The asking price is $2,790,000. The building offers a mix of 10-foot clear height office and warehouse space, complemented by an additional 2,200 square feet of 23-foot clear height warehouse area. The second floor is constructed with poured concrete, signifying robust construction. While part of a larger condo complex, this unit is a completely freestanding building. Currently, two month-to-month tenants occupy portions of the space, offering flexibility for the new owner to either maintain existing tenancy or vacate for complete renovation and customization. The property is zoned M1, providing flexibility for various uses. This property is situated in Gwinnett County, Georgia, with a zip code of 30071.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TrimCo Interior Interior Design Applebee-Church, Inc. HVAC Service Scotty's Thrifty Storage ... Storage Facility Buddhist Tzu Chi ... Charitable Organization Buddhist Tzu Chi ... Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2046391
    Latitude
    33.9574739

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    FAQs

    What type of property is this?
    Distribution property - 28,004 SF Flex Space, Value-Add Opportunity
    Where is this distribution property located?
    The property is located at 3120 Medlock Brg Rd - Norcross, GA.
    What is the asking price?
    The asking price for this property is $2,790,000.
    What are key features of this property?
    This property features: $2,790,000 asking price.; 28,004 square foot industrial/office building.; Peachtree Corners, GA location (3120 Medlock Bridge Road - Bldg F).
    (770) 601-3620 Call to check price and availability
    Request Owner's contact information
    3120 Medlock Brg Rd - Norcross, GA 30071
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    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
    3120 Medlock Brg Rd - Norcross, GA 30071
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Doug Burggraaf
    Doug Burggraaf
    (770) 601-3620
    Learn more
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