Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Phlips Blvd Lawrenceville, GA 30046
    Property profile & analytics

    300 Phlips Blvd, Lawrenceville, GA 30046

    View on Map
    • Office Spaces
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 300 Phlips Blvd

    Year built
    2024
    Lot size
    1.10 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 1.1-acre commercial property at 300 Phlips Boulevard in Lawrenceville, Georgia, presents a unique investment opportunity. Completed in 2024, the single building site offers significant potential for development. Approved civil engineering plans outline an impressive 8,800 square foot building footprint, with architectural design currently underway. The property's zoning allows for a variety of uses, including commercial, medical office, and executive office spaces, catering to diverse business needs. Located in Gwinnett County, Georgia, with a 30046 zip code, this property benefits from excellent access to major transportation routes and a thriving business community. The asking price is $750,000, representing a compelling entry point into the Lawrenceville commercial real estate market. This is a blank canvas for a developer seeking to create a modern, high-quality office space in a desirable location. The 1.1-acre lot provides ample space for parking, landscaping, and future expansion. This property is ideal for investors seeking a strong return on investment in a rapidly growing area. The combination of approved plans and a prime location makes this a truly exceptional opportunity.

    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 - GA
    State
    Georgia
    Longitude
    -83.9863
    Latitude
    33.9451

    Comparable in this City

    • Value Estimation by Request
      1,906 SF

      523 Hurricane Shoals Rd

      Churches & religious facilities
      523 Hurricane Shoals Rd, Lawrenceville, GA 30046
      View Details
    • Value Estimation by Request
      3,100 SF

      113 Perry St

      Medical Office Space
      113 Perry St, Lawrenceville, GA 30046
      View Details
    • Value Estimation by Request
      3.14 Acres

      1298 Old Norcross Rd

      Office Spaces
      1298 Old Norcross Rd, Lawrenceville, GA 30046
      View Details
    • Value Estimation
      $14,955,000
      99,588 SF

      575 Professional Dr

      MEDICAL BUILDING
      575 Professional Dr, Lawrenceville, GA 30046-3333
      View Details
    • Value Estimation
      $10,960,000
      43,730 SF

      595 Hurricane Shls NE Rd

      MEDICAL BUILDING
      595 Hurricane Shls NE Rd, Lawrenceville, GA 30046
      View Details
    • Value Estimation
      $9,265,000
      22,032 SF

      721 Wellness Way

      MEDICAL BUILDING
      721 Wellness Way, Lawrenceville, GA 30046-3304
      View Details

    Similar Nearby for Sale

    • $495,000

      Lawrenceville Mixed-Use Investment Opportunity

      High-visibility mixed-use property in a rapidly growing area.
      899 Grayson Hwy, Lawrenceville, GA 30046
      View Details
    • $420,000

      Free-Standing Office in Prime Location

      Office building in Lawrenceville, moments from downtown square.
      634 N Clayton St, Lawrenceville, GA 30046
      View Details
    • Contact for pricing

      Spacious Office with Ample Parking

      Large office space with recent upgrades and flexible zoning.
      288 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • $499,900

      Versatile Commercial Property in Lawrenceville

      Commercial property with offices, bathrooms, and a functional layout.
      155 E Crogan St, Lawrenceville, GA 30046
      View Details
    • $1,650,000

      Downtown Lawrenceville Commercial Space

      Prime commercial space with parking in downtown Lawrenceville, Georgia.
      139 New Hope Rd, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      4,465 SF

      Downtown Lawrenceville Office Building

      Stand-alone office building in downtown Lawrenceville on a corner lot.
      245 W Crogan St, Lawrenceville, GA 30046
      View Details

    Similar Nearby for Lease

    • $1,850 /Mo
      14,375 SF

      Professional Space in Langley Commons

      Well-designed 1,350 SqFt office space in Lawrenceville.
      175 Langley Dr, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      43,500 SF

      New Medical Office Building

      New medical office building near Northside Gwinnett with ample parking.
      595 Hurricane Shoals Rd, Lawrenceville, GA 30046
      View Details
    • $2,050 /Mo
      14,375 SF

      Lawrenceville Commercial Space For Rent

      Street-level business space in Langley Commons Business Complex.
      175 Langley Dr, Lawrenceville, GA 30046
      View Details
    • Contact for pricing

      Lawrenceville Warehouse Space Available

      104,000 SF warehouse space for lease, available November 2024.
      665 Raco Dr, Lawrenceville, GA 30046
      View Details
    • Contact for pricing

      Lawrenceville Office/Warehouse Space Available

      Renovated office/warehouse space with climate-controlled offices and drive-in door.
      465 Maltbie St, Lawrenceville, GA 30046
      View Details
    • Contact for pricing

      Downtown Office with Multiple Entrances

      Renovated office space with eight private offices and multiple entrances.
      490 S Perry St, Lawrenceville, GA 30046
      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.
    300 Phlips Blvd
    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
    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
    300 Phlips Blvd, Lawrenceville, GA, 30046
    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!