Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5051 Peachtree Corners Rd Norcross, GA 30092
    Property profile & analytics

    5051 Peachtree Corners Rd, Norcross, GA 30092

    View on Map
    • Office Spaces
    • 20,604 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 5051 Peachtree Corners Rd

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This Class A, 20,604 square foot office building in Peachtree Corners, GA offers a variety of workspace solutions. Located at 5051 Peachtree Corners Suite 200, 30092, this Gwinnett County property boasts 350 suites, with 5,970 square feet currently vacant. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The building features modern executive offices, coworking spaces, and creative office options, all fully furnished and equipped. Renovated in 2019, the building includes elevators and offers a blend of modern and industrial design aesthetics, with exposed brick in communal areas and mosaic styling on the exterior. The property is situated in a vibrant location with convenient access to restaurants and shops at the nearby Forum on Peachtree Parkway. Flexible tenancy options are available, including private offices, serviced offices, custom spaces, disaster recovery spaces, and day offices, providing adaptable solutions to meet diverse business needs. A benefits program with exclusive discounts and procurement support is also offered.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2119
    Latitude
    33.9768

    Comparable in this City

    • Value Estimation by Request
      9,052 SF

      3375 Oak Hbr Dr

      Office Units
      3375 Oak Hbr Dr, Peachtree Corners, GA 30092
      View Details
    • Value Estimation by Request
      5,620 SF

      3937 Holcomb Bridge Rd

      Medical Office Space
      3937 Holcomb Bridge Rd, Norcross, GA 30092
      View Details
    • Value Estimation by Request

      The CornersPeachtree Corners, GA 30092

      11,122 - 65,609 SF of Office Space Available
      6525 The Corners Parkway, NW | Peachtree Corners, GA 30092, Peachtree Corners, GA 30092
      View Details
    • Value Estimation by Request
      15,000 SF

      Technology Pkwy

      Office Units
      0 Technology Pkwy, Peachtree Corners, GA 30092
      View Details
    • Value Estimation by Request

      3355 Medlock Bridge Rd

      Office Spaces
      3355 Medlock Bridge Rd, Norcross, GA 30092
      View Details
    • Value Estimation by Request
      103,105 SF

      6625 The Corners Pkwy

      Office buildings
      6625 The Corners Pkwy, Norcross, GA 30092
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,640 SF

      Renovated Office Building with Suites

      Office building with executive suites for owner/user or investment.
      6251 Smithpointe Dr, Norcross, GA 30092
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Recently renovated office property with flexible leasing options.
      4047 Holcomb Bridge Rd, Norcross, GA 30092
      View Details
    • Contact for pricing
      60,500 SF

      Peachtree Corners Office Building

      60,500 SF office building in Technology Park/Atlanta.
      125 Technology Pkwy NW, Peachtree Corners, GA 30092
      View Details
    • Contact for pricing
      9,269 SF

      Peachtree Corners Office Space

      9,269 RSF office space in Peachtree Corners, Georgia.
      3375 Oak Harbor Dr, Peachtree Corners, GA 30092
      View Details
    • $960,000

      Move-in Ready Professional Building

      Upgraded 4,480 SF professional building suitable for various uses.
      6315 Amherst Ct, Peachtree Corners, GA 30092
      View Details
    • $250,000

      Peachtree Parkway Office Site

      1.2 +/- acre office site on Peachtree Parkway.
      5585 Peachtree Pkwy, Peachtree Corners, GA 30092
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      Peachtree Corners

      Discover many ways to work your way in Peachtree Corners
      5051 Peachtree Corners Cir, Peachtree Corners, GA 30092
      View Details
    • $25 SF/Yr

      Peachtree Parkway Medical/Office Suites

      Medical and office suites available for lease on Peachtree Parkway.
      5635 Peachtree Pkwy, Norcross, GA 30092
      View Details
    • Contact for pricing

      Peachtree Corners Office Space Available

      Office space in Peachtree Corners with easy highway access.
      6625 The Corners Pkwy Northwest, Norcross, GA 30092
      View Details
    • $20 SF/Yr

      Remodeled Corner Office Suite

      Move-in ready office suite with flexible lease terms available.
      3295 River Exchange Dr, Peachtree Corners, GA 30092
      View Details
    • Contact for pricing
      783 SF

      Office Space Available For Rent

      Office space featuring reception area, offices, kitchen, and open area.
      3295 River Exchange Dr, Norcross, GA 30092
      View Details
    • Contact for pricing

      Peachtree Corners Flex Space Available

      8,498 SF flex space with offices and warehouse.
      110 Technology Pkwy, Peachtree Corners, GA 30092
      View Details
    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.
    5051 Peachtree Corners Rd
    Norcross, GA 30092
    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
    5051 Peachtree Corners Rd, Norcross, GA, 30092
    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!