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    1200 Scenic Hwy Lawrenceville, GA 30045

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    1200 Scenic Hwy Lawrenceville, GA 30045

    View on Map
    • Neighborhood centers
    • 223,233 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hobby Lobby / (Bike/Boat/Book/etc) Store
    • Urban Air Go-Kart / Go-Kart Track
    • Urban Air Trampoline and Adventure Park / Tour Operator / Campground & RV Park
    • Urban Air Snellville / Tour Operator / Campground & RV Park

    Property Details for 1200 Scenic Hwy

    Property size
    223,233 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail property, Snellville Exchange, presents a fantastic leasing opportunity in the thriving Lawrenceville, Georgia market. Located at 1200 Scenic Hwy S, this multi-tenant retail center offers a total of 223,233 square feet of space, with a currently available 3,850 square foot unit. The property sits on a 1.18-acre lot, providing ample space and visibility. The property's classification as an outparcel/pad and strip center offers excellent exposure and accessibility for businesses. Situated in Gwinnett County, zip code 30045, this location benefits from strong demographics and high traffic counts. The available space is ideal for a variety of retail uses, providing a blank canvas for a business to establish a strong presence in a bustling commercial area. The property's strategic location along Scenic Highway South ensures high visibility and convenient access for customers. This is a rare opportunity to secure a well-positioned retail space in a thriving market. The property is currently available for lease. Contact us today to learn more about this exceptional opportunity and schedule a showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0013
    Latitude
    33.9028

    Comparable in this City

    • Value Estimation by Request
      42,353 SF

      1250 Scenic Hwy

      MINI-MALL • 42,353 SF
      1250 Scenic Hwy, Lawrenceville, GA 30045-6359
      View Details
    • Value Estimation
      $7,240,000
      55,320 SF

      1150 Scenic Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 55,320 SF
      1150 Scenic Hwy, Lawrenceville, GA 30045-6357
      View Details
    • Value Estimation
      $6,100,000
      52,260 SF

      1150 Scenic Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 52,260 SF
      1150 Scenic Hwy, Lawrenceville, GA 30045-6357
      View Details
    • Value Estimation
      $555,000
      4,000 SF

      920 New Hope Rd

      CONVENIENCE STORE • 4,000 SF
      920 New Hope Rd, Lawrenceville, GA 30045-6407
      View Details
    • Value Estimation
      $785,000
      5,608 SF

      1385 Grayson Hwy

      CONVENIENCE STORE • 5,608 SF
      1385 Grayson Hwy, Lawrenceville, GA 30045-6305
      View Details
    • Value Estimation
      $1,825,000
      13,439 SF

      1187 Grayson Hwy

      DRUG STORE, PHARMACY • 13,439 SF
      1187 Grayson Hwy, Lawrenceville, GA 30045-6301
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space on Grayson Highway

      Retail space available in affluent Lawrenceville market.
      1121 Grayson Hwy, Lawrenceville, GA 30045
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Lawrenceville, Georgia.
      1200 Scenic Hwy S, Lawrenceville, GA 30045
      View Details
    • Contact for pricing

      Publix-Anchored Shopping Center For Rent

      Shopping center anchored by Publix at New Hope and Simonton.
      930 New Hope Rd, Lawrenceville, GA 30045
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      Retail Space on Sugarloaf Parkway

      Retail space with great visibility and signage on Sugarloaf Parkway.
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      Retail Space Available For Lease

      Retail space available for lease in Lawrenceville, Georgia.
      455 Grayson Hwy, Lawrenceville, GA 30045
      View Details
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    Lawrenceville, GA 30045
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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
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    1200 Scenic Hwy, Lawrenceville, GA, 30045

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