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

    120 Gloster Rd Lawrenceville, GA 30044

    • Warehouses
    • 24,400 SF
    • 2.27 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Last Sale
    Jan 26, 2021
    $1,116,100
    Value Estimations
    $1,130,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0585540
    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

    • Z&G Racing LLC / Auto Body Parts Supplier / Auto Parts Store
    • PrimeMedical Equipment, LLC / Oxygen Equipment Supplier / Medical Supply Store
    • Golden J Vending District / Vending Machine Supplier
    • Christ Embassy Duluth / Church
    • St. Mary's Independent Living Extensions / Non-Profit Organization

    Property Details for 120 Gloster Rd

    Year built
    1994
    Lot size
    2.27 lot acres
    Property size
    24,400 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Warehouses
    APN
    R5018 049
    APU
    R5018049

    Description

    This Lawrenceville, GA property at 120 Gloster Rd NW offers 24,000 square feet of flexible office and industrial space in an 11-suite building. Built in 1991, this Class C property sits on 2.8 acres and is zoned AA012. Currently, 5,179 square feet are available for lease, including several immediately available suites ranging from 1,500 to 4,216 square feet. Many suites feature high ceilings and overhead door access, along with gated, secured parking and loading areas. The property boasts a convenient location between Lawrenceville and Norcross, just off Lawrenceville Highway (Route 29), with high daily traffic counts. Its proximity to I-85, 316 (University Pkwy), and Ronald Reagan Pkwy provides excellent access to major transportation arteries. Ample parking is available, with an additional storage lot also leasable. The area is densely populated, with over 283,000 people within a five-mile radius. Monument signage opportunities are available for increased visibility. This property is ideal for businesses seeking flexible space with excellent access and high visibility in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $995,000
      ML approach
      $1,350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,062,000
      Market price range: $785k - $1.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0685
    Latitude
    33.9191
    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
    2024
    $16,932
    $178,000
    $873,080
    $1,051,080
    -
    $445,000
    $2,182,700
    $2,627,700

    Comparable in this City

    • Value Estimation
      $2,535,000
      22,300 SF

      1395 Pleasant Hl Rd

      MINI-WAREHOUSE, STORAGE • 22,300 SF
      1395 Pleasant Hl Rd, Lawrenceville, GA 30044-3006
      View Details
    • Value Estimation
      $1,020,000
      9,945 SF

      3530 Cruse Rd

      STORAGE YARD, OPEN STORAGE • 9,945 SF
      3530 Cruse Rd, Lawrenceville, GA 30044-3129
      View Details
    • Value Estimation by Request
      12,000 SF

      2600 Lawrenceville Hwy

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      2600 Lawrenceville Hwy, Lawrenceville, GA 30044-4428
      View Details
    • Value Estimation
      $620,000
      9,000 SF

      84 Patterson Rd

      STORAGE YARD, OPEN STORAGE • 9,000 SF
      84 Patterson Rd, Lawrenceville, GA 30044-4656
      View Details
    • Value Estimation
      $1,350,000
      17,160 SF

      1369 Herrington Rd

      STORAGE YARD, OPEN STORAGE • 17,160 SF
      1369 Herrington Rd, Lawrenceville, GA 30044-2205
      View Details
    • Value Estimation by Request
      6,080 SF

      280 Arnold Rd

      STORAGE YARD, OPEN STORAGE • 6,080 SF
      280 Arnold Rd, Lawrenceville, GA 30044-5344
      View Details

    Similar Nearby for Sale

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      2190 Oakland Industrial Ct NE, Lawrenceville, GA 30044
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    • New
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      Lawrenceville Duplex: Investment Opportunity

      Well-maintained, renovated duplex in a desirable Lawrenceville location.
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      Commercial land ready for development with high traffic count.
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      Move-in ready townhome with new flooring, granite, and fresh paint.
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    Similar Nearby for Lease

    • Contact for pricing
      225,120 SF

      Industrial Space Available for Sublease

      43,400 SF industrial space available for sublease until 2027.
      3105 Sweetwater Rd, Lawrenceville, GA 30044
      View Details
    • $8 SF/Yr
      24,000 SF

      Lawrenceville Flex Space Available

      Prime Flex Space, 24,000 SF Total
      120 Gloster Rd, Lawrenceville, GA 30044
      View Details
    • $2,075 /Mo
      16,553 SF

      Charming Converted Office Space

      Versatile office space in a converted residential home.
      1835 Lawrenceville Hwy, Lawrenceville, GA 30044
      View Details
    • Contact for pricing
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      Prime Lawrenceville Retail Space

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    • Contact for pricing
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      Lawrenceville Commons Retail Center

      Prime Gwinnett County retail space available.
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    • $27 SF/Yr
      2,400 SF

      Sugarloaf Parkway Executive Office

      Prime Office Building: Sale or Lease
      4799 Sugarloaf Pkwy, Lawrenceville, GA 30044
      View Details
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    Lawrenceville, GA 30044
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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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