Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2215 Skyland Ct Norcross, GA 30071-2960

    • Industrial properties
    • 59,050 SF
    • 5.58 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0823019
    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

    • New International Food Inc / Grocery Store

    Property Details for 2215 Skyland Ct

    Year built
    1989
    Lot size
    5.58 lot acres
    Property size
    59,050 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Industrial properties
    APN
    R6221 047
    APU
    R6221047

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $521,000
      Market price range: $353k - $1.27M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $770,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2309
    Latitude
    33.9166
    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
    $69,621
    $426,080
    $1,463,520
    $1,889,600
    -
    $1,065,200
    $3,658,800
    $4,724,000

    Comparable in this City

    • Value Estimation by Request
      11,900 SF

      301 Fairmount Dr

      Refrigerated & Cold Storages • 11,900 SF
      301 Fairmount Dr, Norcross, GA 30071
      View Details
    • Value Estimation by Request
      25,964 SF

      6000 Unity Dr

      Distribution properties • 25,964 SF
      6000 Unity Dr, Norcross, GA 30071
      View Details
    • Value Estimation by Request
      22,964 SF

      6649 Peachtree Industrial Blvd

      Distribution properties • 22,964 SF
      6649 Peachtree Industrial Blvd, Norcross, GA 30071
      View Details
    • Value Estimation
      $9,100,000
      283,732 SF

      4350 Peachtree Industrial Blvd

      INDUSTRIAL (GENERAL) • 283,732 SF
      4350 Peachtree Industrial Blvd, Peachtree Corners, GA 30071-1652
      View Details
    • Value Estimation
      $580,000
      34,118 SF

      2825 Simpson Cir

      INDUSTRIAL (GENERAL) • 34,118 SF
      2825 Simpson Cir, Norcross, GA 30071-2823
      View Details
    • Value Estimation
      $810,000
      79,900 SF

      3150 Clinton Ct

      INDUSTRIAL (GENERAL) • 79,900 SF
      3150 Clinton Ct, Norcross, GA 30071-1643
      View Details

    Similar Nearby for Sale

    • $1,367,800
      4,280 SF

      Norcross Warehouse: Prime I-85 Location

      Industrial Warehouse - 4,280 SF, $1.37M
      5942 Goshen Springs Rd, Norcross, GA 30071
      View Details
    • Contact for pricing
      21,875 SF

      Industrial Property on Gateway Drive

      Industrial property available for sale, featuring 21,875 square feet.
      3145 Gateway Dr, Norcross, GA 30071
      View Details
    • $2,790,000
      28,004 SF

      Prime Peachtree Corners Office-Warehouse

      28,004 SF Flex Space, Value-Add Opportunity
      3120 Medlock Brg Rd -, Norcross, GA 30071
      View Details
    • Contact for pricing
      106,455 SF

      Industrial Space with Cranes

      42,849 SF industrial space featuring cranes and ample parking.
      955 Norcross Industrial Ct, Norcross, GA 30071
      View Details
    • $5,150,000
      20,622 SF

      Gwinnett County Flex Building For Sale

      20,622 SF Industrial/Office/Flex building in Gwinnett County.
      3005 Business Park Dr, Norcross, GA 30071
      View Details
    • Contact for pricing
      11,598 SF

      Flex Space For Sale

      11,598 SF flex building with existing tenant.
      3100 Medlock Bridge Rd, Peachtree Corners, GA 30071
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      56,740 SF

      Industrial Space in Gwinnett Gateway

      Industrial property available for lease in Norcross, Georgia.
      3105 Gateway Dr, Norcross, GA 30071
      View Details
    • Contact for pricing
      2,150 SF

      Norcross Office Space for Lease

      Prime Gwinnett County Office Space Available
      5990 Unity Dr, Norcross, GA 30071
      View Details
    • Contact for pricing
      68,229 SF

      Industrial Space in Peachtree Corners

      68,229 SF industrial property available for rent.
      3025 Northwoods Pkwy, Peachtree Corners, GA 30071
      View Details
    • $11 SF/Yr
      12,689 SF

      Industrial Space in Gwinnett Gateway

      Industrial property available for lease in Norcross, Georgia.
      3115 Gateway Dr, Norcross, GA 30071
      View Details
    • Contact for pricing
      12,029 SF

      Flex R&D Space Available

      Flex R&D space available for lease in Norcross, Georgia.
      6190 Regency Pkwy, Norcross, GA 30071
      View Details
    • Contact for pricing
      70,500 SF

      Industrial Space on Peachtree Boulevard

      19,500 SF industrial space available for lease now.
      5100 Peachtree Industrial Blvd, Norcross, GA 30071
      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.
    2215 Skyland Ct
    Norcross, GA 30071-2960
    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

    Google sign-in failed. Please try again or use another login method.