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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2208 Riverside Pkwy Lawrenceville, GA 30043-5931

    • Drive through restaurants
    • 1,779 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2022
    $450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3876677
    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

    • Ovations Caribbean Grill / Restaurant

    Property Details for 2208 Riverside Pkwy

    Year built
    2005
    Construction
    WOOD
    Lot size
    0.81 lot acres
    Property size
    1,779 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Drive through restaurants
    APN
    7-033 -315
    APU
    7033315

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0363
    Latitude
    33.9647
    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
    $6,035
    $159,600
    $20,400
    $180,000
    -
    $399,000
    $51,000
    $450,000

    Comparable in this City

    • Value Estimation
      $520,000
      1,148 SF

      1702 Lawrenceville Suwanee Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,148 SF
      1702 Lawrenceville Suwanee Rd, Lawrenceville, GA 30043-3507
      View Details
    • Value Estimation
      $2,650,000
      2,307 SF

      953 Old Peachtree Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,307 SF
      953 Old Peachtree Rd, Lawrenceville, GA 30043
      View Details
    • Value Estimation by Request
      1,826 SF

      860 Duluth Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,826 SF
      860 Duluth Hwy, Lawrenceville, GA 30043-5326
      View Details
    • Value Estimation
      $2,385,000
      3,132 SF

      1914 Duluth Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,132 SF
      1914 Duluth Hwy, Lawrenceville, GA 30043-5013
      View Details
    • Value Estimation by Request
      844 SF

      919 Buford Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 844 SF
      919 Buford Dr, Lawrenceville, GA 30043-4524
      View Details
    • Value Estimation
      $670,000
      4,342 SF

      1050 Old Peachtree NW Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,342 SF
      1050 Old Peachtree NW Rd, Lawrenceville, GA 30043-3308
      View Details

    Similar Nearby for Sale

    • $2,000,000
      4,612 SF

      Prime Lawrenceville Restaurant/Bar

      Established Restaurant, Huge Potential, 2.32 Acres
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      Sugarloaf Mills Hotel Site

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    • $1,200,000
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      Prime 1-Acre Retail Site in Lawrenceville, GA

      High-traffic location, excellent visibility, development ready.
      900 Lawrenceville-Suwanee Rd, Lawrenceville, GA 30043
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    • $595,000

      Commercial Property with Dual Road Frontage

      Commercial property suitable for retail, office, medical, auto, and more.
      578 Braselton Hwy, Lawrenceville, GA 30043
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    • $899,000

      1.4 Acre Lot on Braselton

      1.4 acre lot zoned C-2 with rental income.
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    • $595,000
      2,086 SF

      Prime Commercial Property, Lawrenceville GA

      Versatile commercial property with dual road frontage in high-traffic area.
      578 Braselton Hwy NE, Lawrenceville, GA 30043
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,500 SF

      Retail Space on Buford Highway

      1,500 SF retail space with excellent frontage and visibility.
      884 Buford Dr, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      30,666 SF

      Discover Commons Retail Space

      High-visibility Lawrenceville retail space.
      1956 Duluth Hwy, Lawrenceville, GA 30043
      View Details
    • $15 SF/Yr
      40,000 SF

      575 West Pike: Creative Office Space

      Modern Creative Office Suites in Lawrenceville
      575 Pike St, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      181,270 SF

      Village Shoppes Retail Space Available

      Prime Lawrenceville retail space, multiple units.
      860 Duluth Hwy, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      9,200 SF

      Gwinnett Crossroads Retail Center

      Lawrenceville, GA Shopping Center - 4 Spaces Available
      1025 Old Peachtree Rd, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      350,511 SF

      Lawrenceville Warehouse Space Available

      350,511 SF warehouse space for lease in Lawrenceville, GA.
      4505 Newpoint Pl, Lawrenceville, GA 30043
      View Details
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    2208 Riverside Pkwy
    Lawrenceville, GA 30043-5931
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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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