Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Ga-124 Lawrenceville, GA 30045

    • Land
    • 2.12 lot acres
    For Sale
    View listing
    $703,804
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ga-124

    Lot size
    2.12 lot acres
    Property type
    Land

    Description

    This exceptional 2.12-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Lawrenceville, Georgia. Located on GA-124 in Gwinnett County, zip code 30045, this property boasts a highly desirable C-4 zoning designation, opening doors to a wide array of commercial development possibilities. The land itself is notably level, simplifying construction and site preparation. With its expansive size and strategic location, this property is ideally suited for businesses seeking high visibility and accessibility. The asking price is $703,804, translating to $323,000 per acre, reflecting the significant value and potential this location offers. The high traffic count ensures substantial exposure for any commercial venture established here. This is a rare opportunity to acquire a substantial commercial lot in a prime location with excellent zoning, ready for immediate development. Don't miss out on this chance to secure a foothold in a dynamic and growing market. The property's coordinates are 33.93508006 latitude and -83.99451694 longitude.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9945
    Latitude
    33.9351

    Comparable in this City

    • Value Estimation by Request
      0.79 Acres

      800 Buford Dr

      Land • 0.79 Acres
      800 Buford Dr, Lawrenceville, GA 30045
      View Details
    • Value Estimation by Request
      0.64 Acres

      505 Scenic Hwy

      Land • 0.64 Acres
      505 Scenic Hwy, Lawrenceville, GA 30045
      View Details
    • Value Estimation by Request
      0.92 Acres

      Old Norcross Pl

      VACANT COMMERCIAL LAND • 0.92 Acres
      Old Norcross Pl, Lawrenceville, GA 30045
      View Details
    • Value Estimation by Request
      0.29 Acres

      1776 Cedars Rd

      VACANT COMMERCIAL LAND • 0.29 Acres
      1776 Cedars Rd, Lawrenceville, GA 30045-4679
      View Details
    • Value Estimation by Request
      1.05 Acres

      Winer Industrial Way

      VACANT COMMERCIAL LAND • 1.05 Acres
      Winer Industrial Way, Lawrenceville, GA 30045
      View Details
    • Value Estimation by Request
      5.49 Acres

      Lawrenceville Suwane Rd

      VACANT COMMERCIAL LAND • 5.49 Acres
      Lawrenceville Suwane Rd, Lawrenceville, GA 30045
      View Details

    Similar Nearby for Sale

    • $399,000
      0.79 Acres

      Prime Lawrenceville Development Land

      0.79-acre commercial lot, build-to-suit.
      800 Buford Dr, Lawrenceville, GA 30045
      View Details
    • $703,804
      2.12 Acres

      Prime Lawrenceville Commercial Land

      2.12 Acres, C-4 Zoning, High Traffic
      0 Ga-124, Lawrenceville, GA 30045
      View Details
    • $10,000,000
      42.00 Acres

      Lawrenceville Land with Income Potential

      42-acre estate with income-producing dwellings, development potential, convenient location.
      928 Grayson New Hope Rd, Lawrenceville, GA 30045
      View Details
    • $10,000,000
      42.00 Acres

      42 Acres Family Estate Land

      Pristine 42-acre land with income-producing dwellings in Lawrenceville, GA.
      928 Grayson New Hope Rd, Lawrenceville, GA 30045
      View Details
    • $650,000
      23.79 Acres

      Residential Land in Lawrenceville, GA

      23.79 acres of private, wooded residential land for sale.
      3269 Callie Still Rd, Lawrenceville, GA 30045
      View Details
    • $120,000
      Pending

      Residential Lot in Great River

      0.25-acre residential lot in Lawrenceville's Great River community.
      1268 Side Step Trce, Lawrenceville, GA 30045
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Mixed-Use Development

      1.8 acres in mixed-use development near major highways.
      540 Webb Gin House Rd, Lawrenceville, GA 30045
      View Details
    • Contact for pricing
      33,598 SF

      Landings at Sugarloaf Retail Space

      Prime Lawrenceville retail storefront, multiple suites available.
      3153 Sugarloaf Pkwy, Lawrenceville, GA 30045
      View Details
    • 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
      322,258 SF

      Lawrenceville Retail Center Opportunity

      Prime Gwinnett County retail space available.
      455 Grayson Hwy, Lawrenceville, GA 30045
      View Details
    • Contact for pricing
      223,233 SF

      Snellville Exchange Retail Space

      Prime Lawrenceville Retail Opportunity
      1200 Scenic Hwy, Lawrenceville, GA 30045
      View Details
    • Contact for pricing
      66,415 SF

      The Village Shoppes at Simonton

      Publix-anchored retail center; spaces available
      930 New Hope Rd, Lawrenceville, GA 30045
      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.
    Ga-124
    Lawrenceville, GA 30045
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.