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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1164 Rockbridge Rd Norcross, GA 30093-3803

    • Grocery and convenience stores
    • 2,244 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Nov 11, 2022
    $900,000
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    3.8%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US22-4634674
    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.

    Current Use by Public Records

    • Food & Gas / Gas Station
    • Stop N Shop / Convenience Store
    • Citgo / Gas Station

    Property Details for 1164 Rockbridge Rd

    Year built
    1977
    Lot size
    0.50 lot acres
    Property size
    2,244 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Grocery and convenience stores
    APN
    6-169 -057
    APU
    6169057

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $945,000
      ML approach
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,462,000
      Market price range: $747k - $2.37M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $590,000
      Current use
      AUTO REPAIR, GARAGE
      $1,005,000
      Change: +70% Conversion: Difficult
      MEDICAL BUILDING
      $720,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $605,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1944
    Latitude
    33.8965
    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
    $14,425
    $61,000
    $299,000
    $360,000
    -
    $152,500
    $747,500
    $900,000

    Comparable in this City

    • Value Estimation
      $265,000
      3,200 SF

      6065 Singleton Rd

      CONVENIENCE STORE • 3,200 SF
      6065 Singleton Rd, Norcross, GA 30093-1914
      View Details
    • Value Estimation
      $380,000
      7,462 SF

      6075 Thompson Pkwy

      CONVENIENCE STORE • 7,462 SF
      6075 Thompson Pkwy, Norcross, GA 30093
      View Details
    • Value Estimation
      $325,000
      3,312 SF

      4614 Jimmy Carter Blvd

      CONVENIENCE STORE • 3,312 SF
      4614 Jimmy Carter Blvd, Norcross, GA 30093-3740
      View Details
    • Value Estimation by Request
      98,350 SF

      4650 Jimmy Carter Blvd

      GROCERY, SUPERMARKET • 98,350 SF
      4650 Jimmy Carter Blvd, Norcross, GA 30093-3761
      View Details
    • Value Estimation by Request
      4,254 SF

      5402 Jimmy Carter Blvd

      CONVENIENCE STORE • 4,254 SF
      5402 Jimmy Carter Blvd, Norcross, GA 30093-1530
      View Details
    • Value Estimation
      $230,000
      16,942 SF

      5808 Singleton Rd

      CONVENIENCE STORE • 16,942 SF
      5808 Singleton Rd, Norcross, GA 30093-1901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,440 SF

      Norcross Showroom Building For Sale

      19,440 SF showroom with high visibility on I-85.
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    • $2,800,000
      13,920 SF

      Oakbrook Square: Prime Norcross Office

      Multi-tenant office building, high occupancy, strong NOI.
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      Prime Norcross Flex Space

      19,440 SF Showroom, I-85 Visibility
      6358 Dawson Blvd, Norcross, GA 30093
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    • $750,000
      0.51 Acres

      Commercial Lot with C5 Zoning

      0.51-acre commercial lot with C5 zoning in Norcross, GA.
      1470 Hillcrest Rd, Norcross, GA 30093
      View Details
    • $3,200,000
      31,000 SF

      Prime Norcross Office Complex

      31,000 SF Vacant Office Building, $3.2M
      5984 Norcross Tucker Rd, Norcross, GA 30093
      View Details
    • $5,300,000
      Pending

      Functional Warehouse in Norcross, GA

      39,791+ SF warehouse on 2.54 acres near I-85.
      6354 Warren Dr, Norcross, GA 30093
      View Details

    Similar Nearby for Lease

    • $12,800 /Mo

      Norcross Event Hall For Lease

      9,000 SF event hall in prime location for lease.
      4142 Jimmy Carter Blvd, Norcross, GA 30093
      View Details
    • $16 SF/Yr
      10,000 SF

      Prime Norcross Office/Retail Space

      10,000 SF Medical Office Available
      5139 Jimmy Carter Blvd, Norcross, GA 30093
      View Details
    • Contact for pricing
      42,238 SF

      Gwinnett County Flex Space Available

      42,238 SF Flex Space; Lease Exp 12/19/2026
      1775 Corporate Dr, Norcross, GA 30093
      View Details
    • $9 SF/Yr
      249,200 SF

      Norcross Warehouse with HVAC

      249,200 SF warehouse with 100% HVAC and ample parking.
      4245 International Blvd, Norcross, GA 30093
      View Details
    • Contact for pricing
      47,243 SF

      Norcross Multi-Tenant Building for Lease

      Multi-tenant building in Norcross with furnished office and warehouse space.
      4317 Park Dr, Norcross, GA 30093
      View Details
    • Contact for pricing
      23,800 SF

      Prime Norcross Warehouse Space

      8-Acre Industrial Property, 3,243 SF Available
      6500 Mcdonough Dr, Norcross, GA 30093
      View Details
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    1164 Rockbridge Rd
    Norcross, GA 30093-3803
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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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