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

    1723 Webb Dr Norcross, GA 30093-1214

    • Warehouses
    • 31,378 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    $3,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1792640
    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

    • Best Buy Soccer (Administrative Offices Only) / (Bike/Boat/Book/etc) Store
    • Play Watch Wear / Department Store
    • Soccer Shop / Association / Organization
    • Training Rack / Department Store

    Property Details for 1723 Webb Dr

    Year built
    1977
    Lot size
    2.05 lot acres
    Property size
    31,378 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Warehouses
    APN
    R6194 274
    APU
    R6194274

    Description

    This exceptional 31,378 square foot industrial property, situated on a 2.05-acre lot, presents a rare opportunity for immediate occupancy. The building, constructed in 1979, features a single story with a generous 22-foot ceiling height, ideal for various industrial uses. Currently, 10,000 square feet of warehouse space is available for lease, representing a significant portion of the total building. The space is divisible to a minimum of 10,000 square feet, with a maximum contiguous space of 10,000 square feet. The property boasts excellent loading capabilities with five loading docks, including four dock-high doors and one drive-in door. Ample parking is provided with 91 total spaces. The property is zoned M1 and offers a building floor area ratio (FAR) of 0.35. The building consists of two suites in total. This versatile space is perfect for businesses requiring substantial storage or distribution capabilities. Its strategic location and functional design make it an attractive option for a variety of industrial tenants. Don't miss this chance to secure a well-maintained, readily available warehouse space in a desirable location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,840,000
      6.5%
      $3,545,000
      7%
      $3,290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2185
    Latitude
    33.9043
    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
    $47,089
    $241,120
    $1,523,920
    $1,765,040
    -
    $602,800
    $3,809,800
    $4,412,600

    Comparable in this City

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      1856 Doan Way

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      4220 Steve Reynolds Blvd

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      4295 International Blvd

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    • Value Estimation
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      93,050 SF

      4487 Park Dr

      STORAGE YARD, OPEN STORAGE • 93,050 SF
      4487 Park Dr, Norcross, GA 30093-2964
      View Details
    • Value Estimation
      $42,220,000
      72,536 SF

      4437 Park Dr

      STORAGE YARD, OPEN STORAGE • 72,536 SF
      4437 Park Dr, Norcross, GA 30093-2966
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      78 SF

      Industrial Space Available For Sale

      22,848 SF industrial space available in Norcross, Georgia.
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      View Details
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    • $999,000
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      Norcross Land For Sale

      3.13+/- acre commercial land with high visibility.
      1002 Rockbridge Rd, Norcross, GA 30093
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    • $3,200,000
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      Prime Norcross Office Complex

      31,000 SF Vacant Office Building, $3.2M
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      19,440 SF

      Norcross Showroom Building For Sale

      19,440 SF showroom with high visibility on I-85.
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    Similar Nearby for Lease

    • Contact for pricing
      23,800 SF

      Prime Norcross Warehouse Space

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      View Details
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      4,957 SF

      Norcross Warehouse Sublease Opportunity

      4,957 SF warehouse space available for sublease in Norcross.
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      View Details
    • $9 SF/Yr
      249,200 SF

      Norcross Warehouse with HVAC

      249,200 SF warehouse with 100% HVAC and ample parking.
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      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
      40,195 SF

      Prime Norcross Warehouse Space

      118 Suites, Flexible Space Available
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      View Details
    • Contact for pricing
      52,924 SF

      Norcross Industrial Flex Space

      52,924 SF Flex Warehouse, Excellent Location
      4344 Shackleford Rd, Norcross, GA 30093
      View Details
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    Norcross, GA 30093-1214
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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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