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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Warehouses
1025 Progress Cir, Lawrenceville, GA 30043-4646
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-1645882
Property summary
AI-generated overview
This Gwinnett County industrial property offers flexible warehouse and flex space, totaling 29,000 square feet, with 3,854 square feet currently available for lease. Units are divisible to a minimum of 500 square feet. The space features a 26-foot ceiling height and three dock-high doors, providing ample access for loading and unloading. Security measures include gated access, video surveillance, and a burglar alarm. Additional amenities include interior and exterior rack storage (pallet storage available for $50/month), secure room options, and exterior parking spaces starting at $150 per month. Loading and unloading are $25 per pallet. The property is suitable for various uses, but excludes auto repair, welding/metal work, and public access uses such as gyms, churches, or retail. Access hours are Monday-Friday, 8 AM to 5 PM. Short-term storage is welcome. Outdoor storage is also available with pricing dependent on needs. Located at 1025 Progress Cir, Lawrenceville, GA 30043.
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1990
Total area
24,572 SF
Lot
3.18 ac (138,521 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7014 043
UPID
US22-1645882
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Southeastern Security Professionals Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.79M
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$3.41M
Owner & transaction history
Progress Circle LLC · 4 yrs held
Progress Circle LLC
since 2022
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lawrenceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,370,000
ML approach
$3,790,000
CAP Approach
CAP Return
Estimation
6%
$3,005,000
6.5%
$2,775,000
7%
$2,575,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,490,000
Current use
Blend value · Realmo final
$3.41M
Range $3.07M – $3.75M · ±10% · vs last sale $3.80M (Jan 13 2022)
Last sale anchor
$3.80M
Jan 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$53,001
Tax year 2024
Assessed value
$1,456,680
Assessed 2024
Previous assessed
$942,800
+54.5% YoY
Effective rate
3.64%
On assessed value
Assessed land
$137,360
Assessed improvement
$1,319,320
Land market value
$343,400
Improvement market value
$3,298,300
Total market value
$3,641,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1990
Heating
YES
Cooling
NONE
Stories
1
Total area
24,572 SF
Lot
3.18 ac (138,521 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7014 043
UPID
US22-1645882
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Lawrenceville, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Lawrenceville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawrenceville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
YES
Cooling
Yes
Stories
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Progress Circle LLC
Entity
Mailing address
320 TOWN CTR AVE STE C11, SUWANEE, GA 30024-8104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
$3,800,000
Progress Circle LLC
J&h Progress Circle LLC
Warranty Deed
$3,230,000 · Fifth Third Bank
Jan 14, 2020
—
J & H Progress Circle LLC
—
Deed
related
$1,534,432 · Truist Bk
Aug 1, 2017
—
J
—
Deed
related
$1,720,000 · Suntrust Bank
Aug 19, 2015
$1,800,000
J & H Progress Circle LLC
Siovation LLC
Grant Deed
$914,250 · Suntrust Bk
—
—
J & H Progrestt Circle LLC
—
Deed Of Trust
related
$754,000 · Georgia Small Busn Cap
—
—
J & H Progress Circle LLC
—
Loan Modification
related
$1,534,432 · Truist Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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