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    Property profile & analytics

    1780 Graves Rd Norcross, GA 30093-5950

    • High-rise multifamily apartments
    • 32,403 SF
    • 23.87 lot acres
    OFF-MARKET
    Value Estimations
    $4,815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1381215
    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 Selling Christian Author / (Bike/Boat/Book/etc) Store / Religious Bookstore
    • Cintia Hair Salon and BarberShop / Hair Salon / Nail Salon
    • LILIAN CLEANING SERVICES / (Bike/Boat/Book/etc) Store
    • DDTA Digital / Advertising Agency / Marketing & Advertising
    • Renaissance Cleaning Solutions / Hardware & Home Improvement

    Property Details for 1780 Graves Rd

    Year built
    1999
    Construction
    WOOD
    Lot size
    23.87 lot acres
    Property size
    32,403 SF
    Zone code
    RM-MULTI-FAMILY RESIDENCE
    Property type
    High-rise multifamily apartments
    APN
    6-218 -033
    APU
    6218033

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,255,000
      6.5%
      $6,695,000
      7%
      $6,220,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,350,000
      Current use
      OFFICE BUILDING
      $7,910,000
      Change: +82% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $7,465,000
      Change: +72% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2282
    Latitude
    33.9027
    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
    $798,788
    $4,159,120
    $18,203,480
    $22,362,600
    -
    $10,397,800
    $45,508,700
    $55,906,500

    Comparable in this City

    • Value Estimation
      $830,000
      5,184 SF

      1295 Harbins Rd

      HIGH-RISE APARTMENTS • 5,184 SF
      1295 Harbins Rd, Norcross, GA 30093-4256
      View Details
    • Value Estimation by Request
      10,998 SF

      6055 Norcross Tucker Rd

      HIGH-RISE APARTMENTS • 10,998 SF
      6055 Norcross Tucker Rd, Norcross, GA 30093-5525
      View Details
    • Value Estimation
      $1,875,000
      12,624 SF

      3201 Sunrise Vlg Ln

      HIGH-RISE APARTMENTS • 12,624 SF
      3201 Sunrise Vlg Ln, Norcross, GA 30093-3749
      View Details
    • Value Estimation
      $2,190,000
      14,618 SF

      4200 Jimmy Carter Blvd

      HIGH-RISE APARTMENTS • 14,618 SF
      4200 Jimmy Carter Blvd, Norcross, GA 30093-5810
      View Details
    • Value Estimation
      $1,185,000
      7,708 SF

      1200 Oak Loch Trce

      HIGH-RISE APARTMENTS • 7,708 SF
      1200 Oak Loch Trce, Norcross, GA 30093-4799
      View Details
    • Value Estimation by Request
      28,964 SF

      1300 Beaver Ruin Rd

      HIGH-RISE APARTMENTS • 28,964 SF
      1300 Beaver Ruin Rd, Norcross, GA 30093-7221
      View Details

    Similar Nearby for Sale

    • $5,000,000

      Prime Norcross Development Land

      3.4 Acres, Hwy 85 Frontage, Ready to Build
      5375 Goshen Springs Rd, Norcross, GA 30093
      View Details
    • $2,800,000
      13,920 SF

      Oakbrook Square: Prime Norcross Office

      Multi-tenant office building, high occupancy, strong NOI.
      6139 Oakbrook Pkwy, Norcross, GA 30093
      View Details
    • New
      $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
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    • Contact for pricing
      78,528 SF

      Industrial Space Available For Sale

      22,848 SF industrial space available in Norcross, Georgia.
      6544 Warren Dr, Norcross, GA 30093
      View Details
    • $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
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space with Renovated Office

      39,600 SF industrial space with renovated office/showroom available for lease.
      4400 Steve Reynolds Blvd, Norcross, GA 30093
      View Details
    • $15 SF/Yr
      3,000 SF

      Norcross Office/Retail Space Available

      3,000 sq ft office/retail space, convenient location.
      4295 Steve Reynolds Blvd, 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
    • Contact for pricing
      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

      Norcross Warehouse Sublease Opportunity

      4,957 SF warehouse space available for sublease in Norcross.
      1670 Oakbrook Dr, 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
      View Details
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    Norcross, GA 30093-5950
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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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