Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4237 Walking Ln Lilburn, GA 30047

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    24,000 SF Industrial Warehouse, Multi-Tenant

    Property size:
    24,000 SF

    Property Features for 4237 Walking Ln

    General Information

    Property type
    Distribution properties
    Square Feet
    24,000 SF
    Class
    C
    Lot Size
    126,324 SF

    Building Details

    Year Built
    1981
    Buildings
    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 investment opportunity presents two warehouse buildings totaling 24,000 square feet situated on a 2.9-acre lot in Lilburn, Georgia. The property features two buildings, each approximately 12,000 square feet, constructed in 1981/1982. One building is currently leased through May 2026, providing immediate income. The second building houses multiple tenants, with 6,000 square feet on a month-to-month lease and another 6,000 square feet expiring February 2025, offering potential for value-add improvements and increased rental income. The property boasts convenient access to I-85 via Beaver Ruin Road, grade-level loading doors, and ceiling heights ranging from 14 to 18 feet. The property is classified as Class C and is offered at $2,640,000 ($110/SF), making it an attractive owner-user or value-add investment opportunity. The property is suitable for a 1031 exchange. Three-phase power is available. This multi-tenant property presents a strong cash flow with upside potential through lease renewals and rent increases. The property's location and features make it an ideal investment for those seeking a strong return on investment in the thriving Lilburn market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pearl Pool Plastering General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lilburn
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1282982
    Latitude
    33.9111021

    Nearby Similar for Sale

    • $324,000
      1.09 Acres

      Lilburn Commercial Property For Sale

      Office Institutional District property with high visibility in Lilburn, GA.
      Hudson Dr, Lilburn, GA 30047
      View Details
    • $299,900
      1.09 Acres

      Lilburn Commercial Property For Sale

      Zoned O-I, ideal for office, institutional, or religious use.
      Hudson Dr, Lilburn, GA 30047
      View Details
    • $469,900
      0.44 Acres

      Lilburn Turnkey Investment Property

      Cash-flowing, renovated 4-bedroom ranch with tenant in place until 2027.
      237 Sandra Dr NW, Lilburn, GA 30047
      View Details
    • $469,900
      0.44 Acres

      Lilburn Multi-Family Investment Property

      Turnkey, cash-flowing property in Lilburn, generating $36,000 annual rental income.
      237 Sandra Dr NW, Lilburn, GA 30047
      View Details
    • Contact for pricing
      24,000 SF

      Two Buildings on 1.17 Acres

      Two buildings totaling 24,000+/- SF on 1.17+/- acres.
      Lilburn, GA 30047
      View Details
    • $675,000
      44 SF

      Prime Corner Lot in Lilburn

      High-visibility corner lot in Lilburn, ideal for retail or office.
      311 Rockbridge Rd NW Lilburn, Lilburn, GA 30047
      View Details
    • Contact for pricing
      0.82 Acres

      Lilburn Office Building - Hwy Frontage

      High-visibility office space, ample parking.
      5400 Lawrenceville Hwy, Lilburn, GA 30047
      View Details
    • $695,000
      824 SF

      High-Visibility Lilburn Corner Lot

      Prime Lilburn location, high traffic, C2 zoning.
      311 Rockbridge Rd, Lilburn, GA 30047
      View Details
    • Contact for pricing
      0.70 Acres

      Lilburn Office Building - Great Location

      Prime Lilburn Office, High Traffic Area
      746 Pleasant Hill Rd, Lilburn, GA 30047
      View Details
    • $799,000
      1.57 Acres

      Lilburn Commercial Land - High Traffic

      1.57 Acres, High Visibility, Development Ready
      748 Pleasant Hill Rd, Lilburn, GA 30047
      View Details
    • $2,200,000
      13.76 Acres

      Lilburn Commercial Land - 13 Acres

      Prime Gwinnett County location, mixed-use zoning, high visibility.
      Highw Stone Mountain Hwy, Lilburn, GA 30047
      View Details

    FAQs

    What type of property is this?
    Distribution property - 24,000 SF Industrial Warehouse, Multi-Tenant
    Where is this distribution property located?
    The property is located at 4237 Walking Ln Lilburn, GA.
    What is the asking price?
    The asking price for this property is $2,640,000.
    What are key features of this property?
    This property features: 24,000 SF total building area (two buildings).; 12,000 SF immediately available for lease.; 12,000 SF leased through May 2026.
    (770) 601-3620 Call to check price and availability
    Request Owner's contact information
    4237 Walking Ln Lilburn, GA 30047
    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.
    4237 Walking Ln
    Lilburn, GA 30047
    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
    4237 Walking Ln Lilburn, GA 30047
    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

    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
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!