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    1750 Corporate Dr Norcross, GA 30093-2998
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    Property profile & analytics

    1750 Corporate Dr Norcross, GA 30093-2998

    View on Map
    • Warehouses
    • 79,056 SF
    • 11.59 lot acres
    Off-Market
    Last Sale Aug 12, 2020
    $102,575,000
    Property ID
    US22-0807600
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Computer Exchange / Electronics & Wireless Store
    • STW Technic LP / Factory / Production Facility
    • Technology Integration Group / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Central Admixture Pharmacy Services Inc. / Pharmacy
    • United American Auto Transport / Trucking Company

    Property Details for 1750 Corporate Dr

    Year built
    1989
    Lot size
    11.59 lot acres
    Property size
    79,056 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Warehouses
    APN
    R6202 041
    APU
    R6202041

    Description

    This exceptional 13,360-square-foot warehouse, located at 1750 Corporate Drive in Norcross, Georgia, presents a significant opportunity for businesses seeking single-tenant occupancy in Gwinnett County. The property boasts a substantial 24-foot ceiling height, providing ample vertical space for storage and operational efficiency. With 175 amps of power readily available, the space is well-suited for a variety of industrial uses. The entire 13,360 square feet is currently vacant and ready for immediate occupancy. The building's single-tenant configuration offers privacy and control over the entire space. Its strategic location in Norcross, within Gwinnett County, provides easy access to major transportation arteries, enhancing logistics and distribution capabilities. The property's industrial classification and warehouse subtype make it ideal for businesses requiring substantial storage, manufacturing, or distribution space. The zip code is 30093. This property is available for lease and represents a compelling investment opportunity for businesses seeking a functional and well-located warehouse in a thriving area of Georgia. The property is classified as industrial and is a single-tenant space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1412
    Latitude
    33.9368
    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
    $116,101
    $1,303,560
    $6,273,840
    $7,577,400
    -
    $3,258,900
    $15,684,600
    $18,943,500

    Comparable in this City

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      66,400 SF

      4311 Communications Dr

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      4311 Communications Dr, Norcross, GA 30093-2902
      View Details
    • Value Estimation
      $3,275,000
      40,162 SF

      1856 Doan Way

      STORAGE YARD, OPEN STORAGE • 40,162 SF
      1856 Doan Way, Norcross, GA 30093-2920
      View Details
    • Value Estimation
      $8,450,000
      88,584 SF

      4220 Steve Reynolds Blvd

      STORAGE YARD, OPEN STORAGE • 88,584 SF
      4220 Steve Reynolds Blvd, Norcross, GA 30093-3398
      View Details
    • Value Estimation by Request
      28,031 SF

      6448 Warren Dr

      Distribution properties • 28,031 SF
      6448 Warren Dr, Norcross, GA 30093
      View Details
    • Value Estimation
      $19,280,000
      53,090 SF

      4295 International Blvd

      STORAGE YARD, OPEN STORAGE • 53,090 SF
      4295 International Blvd, Norcross, GA 30093-3119
      View Details
    • Value Estimation
      $42,220,000
      93,050 SF

      4487 Park Dr

      STORAGE YARD, OPEN STORAGE • 93,050 SF
      4487 Park Dr, Norcross, GA 30093-2964
      View Details

    Similar Nearby for Sale

    • $1,595,000

      Office and Production Space Available

      7,500± SF office/production space with warehouse and convenient access.
      1410 Indian Trail Lilburn Rd, Norcross, GA 30093
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    • $1,595,000

      Office and Production Space Available

      7,500± SF office/production space with warehouse and convenient access.
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    • Contact for pricing

      Rear Load Warehouse For Sale

      249,200 SF rear load warehouse with office space.
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    • $84,900
      0.69 Acres

      Residential Land in Desirable Area

      0.69 acre lot ready for your dream home.
      1034 Redwood Ct, Norcross, GA 30093
      View Details
    • $850,000
      0.50 Acres

      Well-Maintained Quadraplex in Norcross, GA

      Fully occupied quadraplex with long-term residents near Jimmy Carter.
      5360 Century Trce, Norcross, GA 30093
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    Similar Nearby for Lease

    • Contact for pricing

      Norcross Warehouse Sublease Opportunity

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      Norcross Multi-Tenant Building For Rent

      Multi-tenant building in Norcross with office and warehouse space.
      4317 Park Dr, Norcross, GA 30093
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      33,908 SF

      Adaptable Industrial Facility Available

      Well-equipped facility with offices, showroom, and plant production area.
      4090 Steve Reynolds Blvd, Norcross, GA 30093
      View Details
    • Contact for pricing
      131,442 SF

      Norcross Warehouse Space Available

      131,442 square foot warehouse space for lease in Norcross.
      1650 Indian Brook Way, Norcross, GA 30093
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    • $8 SF/Yr

      Warehouse Space Available For Sublease

      Sublease warehouse space near Jimmy Carter Boulevard and I-85.
      6432 Warren Dr Northwest, Norcross, GA 30093
      View Details
    • $120 SF/Yr

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      Flex, industrial, and office spaces available for lease in Norcross.
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      View Details
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    Norcross, GA 30093-2998
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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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