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Property profile & analytics
FOR LEASE
Commercial real estate
2023 Grayson Hwy Grayson, GA 30017
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-4745473
For Lease
1 / 4
$5,000,000
2023 Grayson Hwy, Grayson, GA 30017
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 2023 Grayson Highway in Grayson, Georgia, within Gwinnett County (zip code 30017). The property, known as Parkside at Grayson, is a multi-tenant strip center offering a total of 22,250 square feet of retail space. Currently, there are multiple spaces available for lease, ranging from a minimum of 925 square feet to a maximum contiguous space of 2,400 square feet. A total of 3,325 square feet is currently vacant and ready for immediate occupancy. This prime location provides excellent visibility and accessibility for businesses seeking a thriving retail environment. The property's strategic positioning within Grayson offers convenient access to major roadways and a strong customer base. Ideal for a variety of retail uses, this space presents a unique chance to establish or expand your business in a high-traffic area. Interested parties are encouraged to inquire about lease terms and availability for the various space options. The property's coordinates are 33.8956056 latitude and -83.9585914 longitude.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
22,796 SF
Lot
1.84 ac (80,150 SF)
Zoning code
C1-NBHD BUSINESS
APN
5-136 -029
UPID
US22-4745473
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vy Nails Spa Nail Salon
-
Dr. Erin Pickwick Dental Office
-
Salon 124 Grayson Hair Salon
-
Vy Nail Spa Nail Salon
-
Cady Paula Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
$4.26M
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$5.00M
Owner & transaction history
Scg Parkside At Grayson LLC · 2 yrs held
Scg Parkside At Grayson LLC
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
C1-NBHD BUSINESS · Grayson, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.3M
+0.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grayson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
$4,615,000
6.5%
$4,260,000
7%
$3,955,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,275,000
Current use
MEDICAL BUILDING
$7,300,000
Change: +0% · Conversion: Easy
RETAIL STORES
$6,160,000
Change: -15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,005,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Apr 19 2024)
Last sale anchor
$5.00M
Apr 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$219 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$62,645
Tax year 2023
Assessed value
$1,693,800
Assessed 2023
Previous assessed
$1,693,800
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$545,040
Assessed improvement
$1,148,760
Land market value
$1,362,600
Improvement market value
$2,871,900
Total market value
$4,234,500
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2008
Heating
YES
Cooling
NONE
Stories
2
Rooms
7
Bathrooms
1
Total area
22,796 SF
Lot
1.84 ac (80,150 SF)
Zoning code
C1-NBHD BUSINESS
APN
5-136 -029
UPID
US22-4745473
Jurisdiction
GWINNETT
Zoning & alternative use
C1-NBHD BUSINESS · Grayson, GA
Zoning C1-NBHD BUSINESS · permitted uses
C1-NBHD BUSINESS · Grayson, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grayson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.3M
RETAIL STORES
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
2
Rooms
7
Bathrooms
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Scg Parkside At Grayson LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2023 GRAYSON HWY, GRAYSON, GA 30017-1205
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
—
Scg Parkside At Grayson LLC
United Community Bank
Quit Claim Deed
related
—
Dec 18, 2020
—
Scg-parkside At Grayson LLC
Esg-parkside Grayson LLC
Quit Claim Deed
related
—
Dec 18, 2020
$5,000,000
Scg-parkside At Grayson LLC
Esg-parkside Grayson LLC
Grant Deed
—
Aug 23, 2007
—
Esg-parkside Grayson LLC
Delta Ents INC
Quit Claim Deed
related
—
Aug 20, 2007
—
Esg-parkside Grayson LLC
Delta Enterprises INC
Grant Deed
related
—
Apr 16, 2007
$1,098,000
Esg-parkside Grayson LLC
Delta Enterprises INC
Grant Deed
$3,627,726 · Gwinnett Community Bank
Apr 12, 2007
$1,098,000
Esg Parkside Grayson LLC
Delta Enterprises INC
Grant Deed
$3,627,726 · Gwinnett Community Bank
Mar 29, 2006
—
Department Of Transportation
Delta Enterprises INC
Grant Deed
related
—
Aug 6, 2004
—
Delta Ents INC
—
Trustees Deed
related
$465,000 · Regions Bank
May 4, 2004
$465,000
Delta Ents INC
Nesbit,david
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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