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

    193 Pike St Lawrenceville, GA 30046

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 2,400 sq ft retail building

    Property size:
    2,400 SF

    Property Features for 193 Pike St

    General Information

    Property type
    Retail space
    Square Feet
    2,400 SF

    We can help!

    Listing Contact
    David Williams
    David Williams

    Listing Agency: Keller Williams Commercial Atlanta Partners Listing Agent: David Williams

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 2,400 square foot retail building is located in the heart of downtown Lawrenceville, Georgia, at 193 E Pike St, zip code 30046. Currently operating at 100% occupancy, this single-tenant property presents a unique investment opportunity. The building is zoned C2 and offers a flexible layout suitable for various uses, including retail, office, or restaurant space. The property includes two adjacent lots, each approximately 0.25 acres. One lot contains the existing retail building, while the other is vacant, presenting potential for expansion or assemblage with a neighboring property. Ample parking is available, ensuring convenient access for customers and employees. The building features a well-maintained exterior and a bright, open interior floor plan with abundant natural light. Situated in a high-traffic area with excellent visibility, this property benefits from a thriving commercial district and significant growth potential. This is an ideal opportunity for investors seeking a strong return in a dynamic and developing area of Gwinnett County. The property's current lease has expired.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alexander's of Atlanta (Bike/Boat/Book/etc) Store Hollywood Skin Atlanta Spa & Massage Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9870809
    Latitude
    33.9577085

    Nearby Similar for Sale

    • $816,725
      Pending

      Lawrenceville Office Building For Sale

      Prime commercial property near downtown Lawrenceville with high visibility.
      5 Hurricane Shoals Rd NE, Lawrenceville, GA 30046
      View Details
    • $524,900
      Pending

      Lawrenceville Commercial Building on Scenic Highway

      Remodeled commercial building with high visibility and ample parking.
      521 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • $524,900
      Pending

      Lawrenceville Commercial Building on Scenic Highway

      Remodeled commercial building with high visibility and ample parking.
      521 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • $599,000
      1,819 SF

      Spacious Office Building with Parking

      Large office space with multiple entrances and parking.
      288 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • $599,000
      Pending

      Lawrenceville Office Building For Sale

      Well-maintained office building with flexible layout and recent renovations.
      494 W Crogan St, Lawrenceville, GA 30046
      View Details
    • $599,000
      Pending

      Renovated Office Building in Lawrenceville

      Well-maintained office building with flexible layout and ample parking.
      494 W Crogan St, Lawrenceville, GA 30046
      View Details
    • $595,000
      2,086 SF

      Lawrenceville Commercial Property For Sale

      Prime commercial property in a busy area, suitable for various businesses.
      578 Braselton Hwy NE, Lawrenceville, GA 30043
      View Details
    • $595,000
      2,086 SF

      Prime Commercial Property, Lawrenceville GA

      Versatile commercial property with dual road frontage in high-traffic area.
      578 Braselton Hwy NE, Lawrenceville, GA 30043
      View Details
    • $499,900
      1 SF

      Versatile Commercial Property in Lawrenceville

      Commercial property with offices, bathrooms, and high-visibility location.
      155 E Crogan St E, Lawrenceville, GA 30046
      View Details
    • $399,900
      1,672 SF

      Lawrenceville Townhome with Modern Comfort

      Two-story townhome in Lawrenceville with modern comfort and low-maintenance convenience.
      95 Bromes St, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      2,670 SF

      Move-in Ready Office Space

      Recently renovated office space with excellent road visibility in Lawrenceville.
      494 W Crogan St, Lawrenceville, GA 30046
      View Details
    • $500,000
      0.32 Acres

      Income-Producing Multifamily Property

      Income-producing multifamily property near Hwy 316 and downtown Lawrenceville.
      501 Timber Ridge Ct, Lawrenceville, GA 30046
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime 2,400 sq ft retail building
    Where is this retail space located?
    The property is located at 193 Pike St Lawrenceville, GA.
    What are key features of this property?
    This property features: 2,400 SF retail building at 193 E Pike St, Lawrenceville, GA 30046.; Currently 100% occupied, single-tenant property.; C2 zoning allows for retail, office, or restaurant use.
    (570) 659-5684 Call to check price and availability
    Request Owner's contact information
    193 Pike St Lawrenceville, GA 30046
    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.
    193 Pike St
    Lawrenceville, GA 30046
    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
    193 Pike St Lawrenceville, GA 30046
    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 David Williams
    David Williams
    Real Estate License ID: 316435
    (570) 659-5684
    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!