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

    2304 Thompson Ml Rd Buford, GA 30519-1923

    • Grocery and convenience stores
    • 2,700 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    9.2%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US22-0758390
    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

    • Amazon Locker - Vermilion / E-Commerce Service / Mailing Service
    • Texaco / Gas Station

    Property Details for 2304 Thompson Ml Rd

    Year built
    1989
    Lot size
    1.42 lot acres
    Property size
    2,700 SF
    Zone code
    C-II
    Property type
    Grocery and convenience stores
    APN
    15-041 -000-379
    APU
    15041000379

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $655,000
      6.5%
      $605,000
      7%
      $560,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $420,000
      Current use
      AUTO REPAIR, GARAGE
      $565,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $535,000
      Change: +28% Conversion: Difficult
      WAREHOUSE, STORAGE
      $455,000
      Change: +9% Conversion: Difficult
      OFFICE BUILDING
      $435,000
      Change: +3% Conversion: Moderate
      RETAIL STORES
      $415,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Buford
    County
    Hall
    State
    Georgia
    Longitude
    -83.8731
    Latitude
    34.105
    CBSA code
    23580
    CBSA name
    GAINESVILLE, 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
    $11,241
    $278,320
    $169,600
    $447,920
    -
    $695,800
    $424,000
    $1,119,800

    Comparable in this City

    • Value Estimation
      $995,000
      19,242 SF

      7505 Spout Spgs Rd

      GROCERY, SUPERMARKET • 19,242 SF
      7505 Spout Spgs Rd, Buford, GA 30519-7518
      View Details
    • Value Estimation
      $400,000
      3,300 SF

      2682 Buford Dr

      CONVENIENCE STORE • 3,300 SF
      2682 Buford Dr, Buford, GA 30519
      View Details
    • Value Estimation
      $500,000
      5,640 SF

      2800 Hamilton Ml Rd

      CONVENIENCE STORE • 5,640 SF
      2800 Hamilton Ml Rd, Buford, GA 30519-4109
      View Details
    • Value Estimation
      $310,000
      1,215 SF

      3853 Buford Dr

      CONVENIENCE STORE • 1,215 SF
      3853 Buford Dr, Buford, GA 30519-4957
      View Details
    • Value Estimation
      $2,440,000
      4,710 SF

      3798 Buford Dr

      CONVENIENCE STORE • 4,710 SF
      3798 Buford Dr, Buford, GA 30519-5706
      View Details
    • Value Estimation
      $310,000
      1,736 SF

      3833 Buford Dr

      CONVENIENCE STORE • 1,736 SF
      3833 Buford Dr, Buford, GA 30519-4957
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Drive-Thru Potential

      1.06-acre commercial land with drive-thru opportunity in Buford, GA.
      N Bogan Rd, Buford, GA 30519
      View Details
    • $4,593,250
      9.67 Acres

      Buford Retail Land - I-985 Frontage

      High-traffic retail land, excellent visibility.
      Dr, Buford, GA 30519
      View Details
    • $710,500

      4.74 Acre Estate Lot

      Large lot in Buford, ready to build on.
      4583 Bennett Rd, Buford, GA 30519
      View Details
    • $1,350,000

      Buford Development Opportunity: Estate-Sized Lots

      Platted site with six lots, ready for luxury home development.
      3104 Hamilton Mill Rd, Buford, GA 30519
      View Details
    • $2,749,990
      4.72 Acres

      Prime Land I-85 Visibility

      4.72 acres with I-85 frontage in Buford, Georgia.
      2655 Camp Branch Rd, Buford, GA 30519
      View Details
    • $3,900,000
      16.70 Acres

      Buford Land for Sale

      16.7 acre land parcel in north Gwinnett area.
      2988 Hamilton Mill Rd, Buford, GA 30519
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,434 SF

      Buford Retail Space: Plaza at Mall of Georgia

      New Construction, 106,434 SF Available
      3480 Financial Center Way, Buford, GA 30519
      View Details
    • Contact for pricing
      7,815 SF

      Retail Space Near High-Traffic Area

      Retail space with high visibility and easy highway access.
      2908 Buford Dr, Buford, GA 30519
      View Details
    • Contact for pricing
      9,452 SF

      Buford Showroom: Prime Retail Space

      9,452 SF Showroom - Sublease Available
      1695 Mall Of Georgia Blvd, Buford, GA 30519
      View Details
    • Contact for pricing
      35,975 SF

      Mill Creek Station Retail Space

      High-traffic retail spaces available.
      3310 Buford Dr, Buford, GA 30519
      View Details
    • Contact for pricing

      Retail Space Near Mall of Georgia

      Retail property located near major shopping destination.
      3290 Buford Dr, Buford, GA 30519
      View Details
    • Contact for pricing
      7,542 SF

      Mall of Georgia Restaurant Opportunity

      7,542 SF restaurant building near Mall of Georgia entrance.
      3217 Buford Dr, Buford, GA 30519
      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.
    2304 Thompson Ml Rd
    Buford, GA 30519-1923
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.