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    10360 Medlock Brg Rd Johns Creek, GA 30097-5927
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    Property profile & analytics

    10360 Medlock Brg Rd Johns Creek, GA 30097-5927

    View on Map
    • Strip malls
    • 23,020 SF
    • 1.55 lot acres
    Off-Market
    Last Sale Sep 21, 2020
    $1,667,626
    Property ID
    US22-1557794
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,605,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 10360 Medlock Brg Rd

    Year built
    1990
    Lot size
    1.55 lot acres
    Property size
    23,020 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11 092003250267
    APU
    11092003250267

    Description

    This exceptional 22,788 square foot shopping center, located at 10360 Medlock Bridge Rd, Duluth, GA 30097, presents a compelling investment opportunity. The fully leased, multi-tenant property boasts 15 units across two stories, built in 1990 and situated on a 1.526-acre lot. With a 100% occupancy rate and a net rentable area of 22,013 square feet, it generates a substantial net operating income exceeding $375,000 in 2024, reflecting a 6.27% cap rate. The property benefits from a C-1 zoning designation and enjoys high visibility along Medlock Bridge Road, a major thoroughfare with over 44,000 vehicles per day. The affluent Johns Creek location, with average household incomes exceeding $160,000, ensures a strong and stable tenant base. Recent improvements include repaving and restripping of the ample parking lot. Below-market rents for current tenants offer significant value-add potential for future cash flow maximization. Seller financing options are available. This prime retail asset provides a rare chance to acquire a high-performing property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,545,000
      ML approach
      $1,535,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johns Creek
    County
    Fulton
    State
    Georgia
    Longitude
    -84.1864
    Latitude
    34.0347
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,707
    $446,440
    $322,600
    $769,040
    -
    $1,116,100
    $806,500
    $1,922,600

    Comparable in this City

    • Value Estimation
      $16,740,000
      128,511 SF

      5805 State Brg Rd

      SHOPPING CENTER, STRIP CENTER • 128,511 SF
      5805 State Brg Rd, Duluth, GA 30097-8220
      View Details
    • Value Estimation
      $4,665,000
      25,024 SF

      6400 Hospital Pkwy

      SHOPPING CENTER, STRIP CENTER • 25,024 SF
      6400 Hospital Pkwy, Johns Creek, GA 30097
      View Details
    • Value Estimation
      $12,240,000
      68,284 SF

      5805 State Brg Rd

      SHOPPING CENTER, STRIP CENTER • 68,284 SF
      5805 State Brg Rd, Johns Creek, GA 30097-8220
      View Details
    • Value Estimation
      $1,760,000
      6,635 SF

      9700 Medlock Brg Rd

      SHOPPING CENTER, STRIP CENTER • 6,635 SF
      9700 Medlock Brg Rd, Johns Creek, GA 30097-4411
      View Details
    • Value Estimation
      $5,245,000
      20,874 SF

      5805 State Brg Rd

      SHOPPING CENTER, STRIP CENTER • 20,874 SF
      5805 State Brg Rd, Duluth, GA 30097-8220
      View Details
    • Value Estimation
      $3,760,000
      18,505 SF

      11600 Medlock Brg Rd

      SHOPPING CENTER, STRIP CENTER • 18,505 SF
      11600 Medlock Brg Rd, Duluth, GA 30097-1531
      View Details

    Similar Nearby for Sale

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      Modern Retail Center on State Bridge

      New retail center in Johns Creek with national tenants.
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    • $5,900,000

      Unanchored Strip Center Near I-85

      15,000 SF strip center in Duluth, Georgia.
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      Luxurious Space in Mixed-Use Community

      Space in a prestigious mixed-use community in Duluth, Georgia.
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    • $250,000
      Pending

      Duluth Land Lot For Sale

      Prime land lot near highways, restaurants, and shopping.
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      View Details
    • Contact for pricing
      32,071 SF

      Medical Office Space Available

      Medical office suites available for immediate occupancy.
      10700 Medlock Bridge Rd, Duluth, GA 30097
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Gwinnett County

      Retail center with high traffic and income demographics.
      2615 Peachtree Industrial Blvd, Duluth, GA 30097
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      Retail Space in Johns Creek

      Shopping center in the heart of Johns Creek, Georgia.
      9775 Medlock Bridge Rd, Johns Creek, GA 30097
      View Details
    • Contact for pricing
      2,648 SF

      Downtown Duluth Retail/Restaurant Space

      Prime retail or restaurant space in downtown Duluth.
      309 Buford Hwy, Duluth, GA 30097
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Johns Creek, GA.
      6955 Mcginnis Ferry Rd, Johns Creek, GA 30097
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Johns Creek, Georgia.
      10900 Medlock Bridge Rd, Johns Creek, GA 30097
      View Details
    • Contact for pricing

      Retail Space on Peachtree Parkway

      Retail space available at Peachtree Parkway and State Bridge Rd.
      5805 State Bridge Rd, Johns Creek, GA 30097
      View Details
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    Johns Creek, GA 30097-5927
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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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    10360 Medlock Brg Rd, Johns Creek, GA, 30097
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