Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2240 Commerce Dr Loganville, GA 30052-3764
    Back to Search
    Property profile & analytics

    2240 Commerce Dr, Loganville, GA 30052-3764

    View on Map
    • Office Spaces
    • 7,875 SF
    • 1.09 lot acres
    Off-Market
    Last Sale Feb 21, 2020
    $805,000
    Property ID
    US22-4614728
    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
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shepherd's Staff Ministries / Church / Mosque

    Property Details for 2240 Commerce Dr

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.09 lot acres
    Zone code
    CH
    Property type
    Office Spaces
    APN
    LG110-148
    APU
    LG110148

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 21, 2020 $805,000 Shepherds Staff Ministries In Stephen C Drilling Grant Deed $620k · Synovus Bk
    Jan 5, 2009 — Stephen C Drilling Herron Properties INC Quit Claim Deed · related $398k · Zions First National Bank
    Jan 5, 2009 $768,400 Stephen C Drilling Herron Properties INC Grant Deed —
    Nov 20, 2006 $150,000 Herron Properties INC Whitfield,d L Grant Deed —
    — — Stephen C Drilling — Deed Of Trust · related $398k · Zions First National Bank
    — — Stephen C Drilling — Deed Of Trust · related $328k · Georgia Certified Dev Corp
    — — Stephen C Drilling — Deed Of Trust · related $318k · Mercantile Commercial Capital LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $910,000
      ML approach
      $870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,167,000
      Market price range: $759k - $3.32M
      AI Estimate
      $579,000
      Market price range: $427k - $1.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Loganville
    County
    Walton
    State
    Georgia
    Longitude
    -83.8769
    Latitude
    33.8336
    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
    $0.00
    $50,720
    $144,000
    $194,720
    -
    $126,800
    $360,000
    $486,800

    Comparable in this City

    • Value Estimation by Request
      702 SF

      7740 Hampton Pl

      CONDOMINIUM OFFICES
      7740 Hampton Pl, Loganville, GA 30052-6770
      View Details
    • Value Estimation by Request
      1,020 SF

      4670 Guthrie Cemetery Rd

      OFFICE (GENERAL)
      4670 Guthrie Cemetery Rd, Loganville, GA 30052-5504
      View Details
    • Value Estimation by Request
      702 SF

      7710 Hampton Pl

      CONDOMINIUM OFFICES
      7710 Hampton Pl, Loganville, GA 30052-6770
      View Details
    • Value Estimation
      $1,360,000
      2,400 SF

      2601 Ivory Rd

      OFFICE (GENERAL)
      2601 Ivory Rd, Loganville, GA 30052-8883
      View Details
    • Value Estimation
      $1,630,000
      6,806 SF

      4353 Atlanta Hwy

      OFFICE (GENERAL)
      4353 Atlanta Hwy, Loganville, GA 30052-3214
      View Details
    • Value Estimation by Request
      6,000 SF

      3625 Brookview Dr

      OFFICE (GENERAL)
      3625 Brookview Dr, Loganville, GA 30052-6141
      View Details

    Similar Nearby for Sale

    • $138,000
      3,080 SF

      Loganville Office Building - Ready to Build

      Prime Loganville office space; 3,080 sq ft, pad-ready lot.
      367 1, Loganville, GA 30052
      View Details
    • $2,700,000
      6.01 Acres

      Prime Commercial Land Opportunity

      6.01 acres in high-growth Gwinnett County corridor.
      2965 Loganville Hwy, Loganville, GA 30052
      View Details
    • $375,000
      1,950 SF

      Renovated Office in Loganville, GA

      Fully renovated office space with flexible layout and prime location.
      131 Lee Byrd Rd, Loganville, GA 30052
      View Details
    • Contact for pricing
      1,056 SF

      Loganville Office Building For Sale

      Office building on 1.26 acres in Loganville city limits.
      381 Conyers Rd, Loganville, GA 30052
      View Details
    • $2,200,000

      Freestanding Office Building For Sale

      12,000 SF office building with excellent visibility and accessibility.
      574 Conyers Rd, Loganville, GA 30052
      View Details

    Similar Nearby for Lease

    • $900 /Mo

      Lee Byrd Rd, Unit 125

      Prime Office Space Available for Rent in Loganville, GA!
      Lee Byrd Rd, Loganville, GA 30052
      View Details
    • $1,100 /Mo
      700 SF

      Loganville Commercial Office Condominium

      702 sq ft move-in ready office space for lease.
      7716 Hampton Pl, Loganville, GA 30052
      View Details
    • Contact for pricing

      Move-in Ready Office Condo

      Well-maintained 702 sq ft office condo in Loganville, GA.
      7716 Hampton Pl, Loganville, GA 30052
      View Details
    • $1,100 /Mo
      700 SF

      Loganville Office Condo For Rent

      Move-in ready office condo in a high-traffic Loganville location.
      7716 Hampton Pl, Loganville, GA 30052
      View Details
    • Contact for pricing
      176,000 SF

      North Logan Commons Retail Space

      Prime Loganville retail space available.
      4022 Athens Hwy, Loganville, GA 30052
      View Details
    • Contact for pricing

      2062 Red Rose Ln

      Loving where you live is easy when you have a house like this for your family.
      2062 Red Rose Ln, Loganville, GA 30052
      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.
    2240 Commerce Dr
    Loganville, GA 30052-3764
    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
    2240 Commerce Dr, Loganville, GA, 30052
    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!