Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Development in Downtown Duluth Title is generated by Realmo AI

    3162 Main St, Duluth, GA 30096

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New construction retail and restaurant space for lease in Duluth.

    Type:Retail
    Property size:
    9,000 SF
    Added:
    Apr 12, 2023
    Days on Market:
    1137
    Last Refresh:
    May 12 at 10:08 pm

    Property Features for 3162 Main St

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 3162 Main St Contact us

    We can help!

    Listing Contact
    Courtney Waring
    Courtney Waring

    Listing agent Courtney Waring License #372797

    Listing office Dart Retail Advisors Inc

    Listing date Apr 12, 2023

    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 Dart Retail Advisors Inc

    HighLights

    • Highly‑visible location on Main Street in Downtown Duluth.
    • New construction (built in 2023) with spaces ranging from 1,000 SF to 9,000+ SF.
    • Located in the main shopping corridor, surrounded by retail and restaurants.
    • Large parking area.
    • Large outdoor patios available.
    • Commissary kitchen space available in 3rd floor units.

    Overview

    Duluth Marketplace is a three-story mixed-use development located in downtown Duluth. The property offers new construction restaurant and retail space for lease, ranging in size from 1,000 to over 9,000 square feet. Commissary kitchen space is available within the third-floor units. A large parking area serves the site, which benefits from a highly visible location on Main Street. Thrive Co-Working will occupy 11,000 square feet within the development. Large outdoor patios are available. The property is situated in the main shopping corridor and is surrounded by other retail establishments and dining options.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    Fulton
    State
    Georgia
    Longitude
    -84.1458875
    Latitude
    34.0017779

    Nearby Similar for Lease

    • $1,500/Mo
      1,176 SF

      Office Condo in Prime Location

      Office condo for rent in a well-maintained Duluth location.
      2760 Peachtree Industrial Boulevard, Duluth, GA 30097
      View Details
    • $7,800/Mo

      Restaurant and Karaoke Space Available

      Second generation restaurant and karaoke space in Duluth, Georgia.
      3530 MALL Boulevard, Duluth, GA 30096
      View Details
    • $1,500/Mo

      Office Condo in Prime Location

      Office condo for rent in a desirable Duluth location.
      2760 Peachtree Industrial Boulevard, Duluth, GA 30097
      View Details
    • Sponsored
      $129-$4,076/Mo
      11-1,292 SF

      Satellite Place

      3235 Satellite Blvd, Unit 400, Duluth, GA 30096
      View Details
    • Sponsored
      $129-$4,445/Mo
      11-1,292 SF

      Sugarloaf

      2180 Satellite Blvd, Unit 400, Duluth, GA 30097
      View Details
    • $18 SF/Yr
      7,871 SF

      John's Creek Office Building

      Full building opportunity near Emory Johns Creek Hospital.
      6610 McGinnis Ferry Road, Duluth, GA 30097
      View Details
    • $36 SF/Yr
      59,495 SF

      High traffic Shopping Center with excellent signage & parking.

      2760 Peachtree Industrial Blvd, Duluth, GA 30097
      View Details
    • $18 SF/Yr
      1,191-7,875 SF

      Paragon Town Center

      Ideally situated commercial property in Gwinnett County's prime business corridor.
      4500 Satellite Blvd, Unit 2100, Duluth, GA 30096
      View Details
    • $30 SF/Yr
      1,595 SF

      Office/Medical Space For Lease

      1,595 SF office/medical space available for lease.
      2270 Duluth Highway, Duluth, GA 30097
      View Details
    • $13 SF/Yr
      13,870 SF

      Available Warehouse Space in Duluth

      13,870 SF warehouse space with office in Duluth, Georgia.
      2605 N. Berkeley Lake Rd, Duluth, Georgia 30096
      View Details
    • $12 SF/Yr
      54,571 SF

      Move-in Ready Office Sublease

      10,796 SF office space available in Duluth, GA.
      3400 Corporate Way, Duluth, GA 30096
      View Details
    • $18 SF/Yr
      7,871 SF

      John's Creek Office Building

      7,871 SF building near Emory Johns Creek Hospital.
      6610 McGinnis Ferry Road, Duluth, GA 30097
      View Details

    FAQs

    What type of property is this?
    Retail space - New construction retail and restaurant space for lease in Duluth.
    Where is this retail space located?
    The property is located at 3162 Main St Duluth, GA.
    What are key features of this property?
    This property features: Highly‑visible location on Main Street in Downtown Duluth.; New construction (built in 2023) with spaces ranging from 1,000 SF to 9,000+ SF.; Located in the main shopping corridor, surrounded by retail and restaurants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Courtney Waring
    Courtney Waring
    Real Estate License ID: 372797
    Learn More
    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
    3162 Main St, Duluth, GA 30096
    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!