Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1815 Lockeway Dr, Unit 104 Cumming, GA 30040
    Back to Search
    Property profile & analytics

    1815 Lockeway Dr, Unit 104, Cumming, GA 30040

    View on Map
    • Office Spaces
    • 1,212 SF
    • 3.00 lot acres
    Off-Market
    Last Sale Apr 27, 2023
    $260,000
    Property ID
    US22-4652885
    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

    • Office Spaces

    Property Details for 1815 Lockeway Dr

    Year built
    2003
    Lot size
    3.00 lot acres
    Zone code
    M1
    Property type
    Office Spaces
    APN
    018 229
    APU
    18229

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 27, 2023 $260,000 S3 Infotech Solutions LLC Thomas A Delahunt Warranty Deed $208k · Southstate Bank
    Apr 6, 2011 $155,000 Jeanne H Delahunt Satori,e Bruce Grant Deed $124k · Community Business Bank

    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
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.2479
    Latitude
    34.1434
    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
    $2,425
    $28,000
    $70,899
    $98,899
    -
    $70,000
    $177,248
    $247,248

    Comparable in this City

    • Value Estimation by Request
      4,590 SF

      407 Maple St

      Office Spaces
      407 Maple St, Cumming, GA 30040
      View Details
    • Value Estimation by Request
      62,264 SF

      5855 Vickery St

      Restaurants
      5855 Vickery St, Cumming, GA 30040
      View Details
    • Value Estimation by Request
      1,190 SF

      327 Dahlonega St Ste A1702

      CONDOMINIUM OFFICES
      327 Dahlonega St Ste A1702, Cumming, GA 30040-8206
      View Details
    • Value Estimation by Request
      1,200 SF

      327 Dahlonega St Ste 902a

      CONDOMINIUM OFFICES
      327 Dahlonega St Ste 902a, Cumming, GA 30040-2492
      View Details
    • Value Estimation by Request
      1,204 SF

      327 Dahlonega St, Unit 1602

      CONDOMINIUM OFFICES
      327 Dahlonega St, Cumming, GA 30040-2480
      View Details
    • Value Estimation by Request

      1100 Turner Rd

      Office Spaces
      1100 Turner Rd, Cumming, GA 30040
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.16 Acres

      Cumming Office Space: Prime Location

      750 sq ft office, ample parking, 1+ acre land available.
      408 Pirkle Ferry Rd, Cumming, GA 30040
      View Details
    • Contact for pricing
      1,150 SF

      Office Unit in Pine Creek

      Ground-level, wheelchair accessible office unit for sale.
      2450 Atlanta Hwy, Cumming, GA 30040
      View Details
    • Contact for pricing
      3,276 SF

      Office Unit For Sale

      3,276 SqFt office unit available for purchase.
      203 Pirkle Ferry Rd, Cumming, GA 30040
      View Details
    • $300,000
      1,140 SF

      Prime Office Space in Cumming

      Excellent location, functional layout, ideal for various office users.
      2450 Atlanta Hwy, Cumming, GA 30040
      View Details
    • Contact for pricing
      4,346 SF

      Versatile Warehouse with Office Space

      CBD Zoned warehouse with office space in Cumming, Georgia.
      1793 Johnson Rd, Cumming, GA 30040
      View Details
    • New
      $300,000
      0.02 Acres

      All-Brick End Unit Office

      End unit office with four private offices, reception, and new 2024 HVAC, positioned for convenient tenant access.
      2450 Atlanta Hwy, Cumming, GA 30040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cumming Office Space for Rent

      Office space available in Cumming, close to retail hub.
      100 Colony Park Dr, Cumming, GA 30040
      View Details
    • $13 SF/Yr
      1,100 SF

      Olde Towne Retail Suite D

      Downtown Cumming retail space, 1,100 sq ft.
      216 Atlanta Rd, Cumming, GA 30040
      View Details
    • Contact for pricing

      Office Suites Available for Rent

      Office suites for rent with good location and access.
      520 Pirkle Ferry Rd, Cumming, GA 30040
      View Details
    • Contact for pricing

      Prime Commercial Space For Rent

      Versatile commercial space in a high-traffic Cumming, GA location.
      5190 Piney Grove Rd, Cumming, GA 30040
      View Details
    • $18 SF/Yr
      6,000 SF

      Cumming Office Building For Rent

      Office building for rent with ample parking and signage.
      100 Colony Park Dr, Cumming, GA 30040
      View Details
    • Contact for pricing

      Industrial/Flex Building Under Renovation

      Multi-tenant industrial/flex building with suite available for lease.
      1420 Redi Rd, Cumming, GA 30040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1815 Lockeway Dr, Unit 104
    Cumming, GA 30040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1815 Lockeway Dr, Cumming, GA, 30040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!