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    1785 Corporate Dr Norcross, GA 30093-6502
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    Property profile & analytics

    1785 Corporate Dr Norcross, GA 30093-6502

    View on Map
    • Warehouses
    • 78,000 SF
    • 12.45 lot acres
    Off-Market
    Last Sale Aug 12, 2020
    $102,575,000
    Property ID
    US22-0601077
    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

    • Nipponflex USA / Industrial Manufacturer / Production Facility
    • Jigsies / Marketing & Advertising / IT Consulting Firm
    • FedEx Drop Box / Postal Service / Courier Service
    • Spoke Custom / Corporate Office
    • Miner Corp. Southeast / Hardware & Home Improvement / Production Facility

    Property Details for 1785 Corporate Dr

    Year built
    2000
    Lot size
    12.45 lot acres
    Property size
    78,000 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Warehouses
    APN
    R6202 049
    APU
    R6202049

    Description

    This exceptional warehouse facility, located at 1785 Corporate Drive in Norcross, Georgia (zip code 30093), offers a total of 46,727 square feet of space within the Gwinnett Place Community Improvement District. The property is currently fully vacant and available for lease as a whole or in divisible units ranging from a minimum of 12,307 square feet to a maximum contiguous space of 18,507 square feet. The building boasts 13 dock-high doors and 2 drive-in doors, providing excellent access for loading and unloading. Power is readily available with a 1,200 amp, 480-volt service and additional 200 amp, 480-volt service. Strategically situated in one of Atlanta's fastest-growing areas, this warehouse is ideally positioned to serve businesses seeking a central location in Northeast Atlanta. The property's location in Gwinnett County offers easy access to major transportation routes, making it a highly desirable location for distribution and logistics operations. This is a multi-tenant building, perfect for businesses of various sizes seeking efficient and well-equipped warehouse space. The property is classified as industrial and specifically as a warehouse. Contact us today to learn more about leasing opportunities.

    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
    -84.1444
    Latitude
    33.9406
    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
    $197,689
    $1,464,280
    $11,135,520
    $12,599,800
    -
    $3,660,700
    $27,838,800
    $31,499,500

    Comparable in this City

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      169,800 SF

      5625 Oakbrook Pkwy

      STORAGE YARD, OPEN STORAGE • 169,800 SF
      5625 Oakbrook Pkwy, Norcross, GA 30093-1810
      View Details
    • Value Estimation
      $3,035,000
      25,707 SF

      3005 Ctr Pl

      STORAGE YARD, OPEN STORAGE • 25,707 SF
      3005 Ctr Pl, Norcross, GA 30093-1762
      View Details
    • Value Estimation
      $1,550,000
      20,160 SF

      6040 Dawson Blvd

      STORAGE YARD, OPEN STORAGE • 20,160 SF
      6040 Dawson Blvd, Norcross, GA 30093-1249
      View Details
    • Value Estimation
      $2,285,000
      19,200 SF

      1875 Graves Rd

      STORAGE YARD, OPEN STORAGE • 19,200 SF
      1875 Graves Rd, Norcross, GA 30093-1022
      View Details
    • Value Estimation
      $19,280,000
      59,418 SF

      4350 International Blvd

      STORAGE YARD, OPEN STORAGE • 59,418 SF
      4350 International Blvd, Norcross, GA 30093-3120
      View Details
    • Value Estimation
      $15,500,000
      108,803 SF

      5730 Oakbrook Pkwy

      STORAGE YARD, OPEN STORAGE • 108,803 SF
      5730 Oakbrook Pkwy, Norcross, GA 30093-1883
      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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      Rear Load Warehouse For Sale

      249,200 SF rear load warehouse with office space.
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    • $4,500,000

      Land Available in Norcross, Georgia

      Land for sale in Gwinnett County, near I-85N.
      5375 Goshen Springs Rd, Norcross, GA 30093
      View Details
    • $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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    Similar Nearby for Lease

    • Contact for pricing

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      33,908 SF

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      131,442 SF

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      131,442 square foot warehouse space for lease in Norcross.
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      25,600 SF

      Norcross Industrial Property for Rent

      25,600 SF industrial property built in 2004, available for lease.
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      16,090 SF

      Norcross Warehouse Space Available

      16,090 square foot warehouse space for rent in Norcross.
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      Warehouse Space with Dock Doors

      Warehouse space featuring four dock-high loading doors and I-85 visibility.
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      View Details
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    Norcross, GA 30093-6502
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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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