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

    1605 Buford Hwy Buford, GA 30518

    • Community centers
    • 76,238 SF
    • 9.27 lot acres
    For Lease
    View listing
    Value Estimations
    $1,040,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3604259
    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

    • Village Square / Shopping Mall
    • Straight Blast Gym Buford / Martial Arts School / Gym
    • Oregano Latin Bar And Grill / Nuevo Latino Restaurant / Colombian Restaurant
    • Nydia M. Gutierrez, RPH / Pharmacy
    • The Church Of Pentecost Gainesville Assembly / Pentecostal Church

    Property Details for 1605 Buford Hwy

    Year built
    1984
    Lot size
    9.27 lot acres
    Property size
    76,238 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Community centers
    APN
    7-259 -261
    APU
    7259261

    Description

    This exceptional 73,938 square foot retail strip center, located at 1605 Buford Highway NE in Buford, Georgia (zip code 30518), presents a prime opportunity for businesses seeking high visibility and strong foot traffic. Currently, 1,200 square feet of retail space is available for lease. The center boasts a desirable location in Gwinnett County, Georgia, and benefits from its proximity to established national retailers such as At Home and AutoZone, ensuring a consistent flow of customers. The property's multiple tenancy structure provides a diverse and vibrant shopping environment. The building's total square footage is 73,938 square feet, indicating a substantial and well-established retail presence. This property is ideal for a variety of retail businesses seeking to establish or expand their presence in a thriving commercial area. The address is easily accessible from Buford Highway NE, offering excellent visibility and convenient access for customers. With its strategic location and strong tenant mix, this retail center represents a compelling investment opportunity. The available space offers a blank canvas for businesses to create a unique and successful retail operation. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,040,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,038,000
      Market price range: $1.04M - $4.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Buford
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0094
    Latitude
    34.0978
    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
    $19,086
    $737,480
    $592,520
    $1,330,000
    -
    $1,843,700
    $1,481,300
    $3,325,000

    Comparable in this City

    • Value Estimation
      $1,230,000
      116,345 SF

      4450 Nelson Brogdon Blvd

      MINI-MALL • 116,345 SF
      4450 Nelson Brogdon Blvd, Buford, GA 30518-3447
      View Details
    • Value Estimation
      $1,405,000
      67,200 SF

      1605 Buford Hwy

      MINI-MALL • 67,200 SF
      1605 Buford Hwy, Buford, GA 30518-3632
      View Details
    • Value Estimation by Request
      89,779 SF

      4125 Buford Dr

      MINI-MALL • 89,779 SF
      4125 Buford Dr, Buford, GA 30518-3900
      View Details
    • Value Estimation
      $1,535,000
      118,185 SF

      4300 Buford Dr

      SHOPPING CENTER, STRIP CENTER • 118,185 SF
      4300 Buford Dr, Buford, GA 30518-3458
      View Details
    • Value Estimation
      $940,000
      23,832 SF

      4965 Lanier Iss Pkwy

      SHOPPING CENTER, STRIP CENTER • 23,832 SF
      4965 Lanier Iss Pkwy, Buford, GA 30518-1700
      View Details
    • Value Estimation
      $430,000
      2,982 SF

      3589 Carter Rd

      SHOPPING CENTER, STRIP CENTER • 2,982 SF
      3589 Carter Rd, Buford, GA 30518-1659
      View Details

    Similar Nearby for Sale

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      Visible Commercial Corner Lot

      Commercial corner lot with high visibility and business potential.
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      Commercial Corner Lot on Highway

      Highly visible commercial corner lot with good potential in Buford.
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    Similar Nearby for Lease

    • Contact for pricing
      73,938 SF

      Buford Highway Retail Center

      High-traffic retail space available in Buford, GA
      1605 Buford Hwy, Buford, GA 30518
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Sugar Hill

      Retail space available for lease in Sugar Hill, Georgia.
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      View Details
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      167,935 SF

      Lees Crossing Retail Center

      Buford, GA: Prime Retail Space Available
      4125 Ga Hwy 20, Buford, GA 30518
      View Details
    • Contact for pricing
      8,000 SF

      Buford Retail/Automotive Space Available

      8,000 SF former Auto Zone in Buford, GA.
      1640 Buford Hwy, Buford, GA 30518
      View Details
    • Contact for pricing

      Freestanding Retail with Drive-Thru

      Former bank/dental office with drive-thru in high-growth market.
      Buford, GA 30518
      View Details
    • $4,500 /Mo
      130,680 SF

      Buford Auto-Service Facility For Rent

      Turnkey automotive facility with office space and vehicle lifts.
      884 Gainesville Hwy, Buford, GA 30518
      View Details
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    Buford, GA 30518
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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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