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Property profile & analytics
OFF-MARKET
Estimated value
$5,455,000
Industrial properties
2305 Newpoint Pkwy Lawrenceville, GA 30043-5530
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1192759
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 2305 Newpoint Pkwy, Building 2, Lawrenceville, GA 30043, offers 23,970 square feet of immediately available warehouse and flex space within a larger 47,940 square foot building. The space features a 30-foot high ceiling, sound insulation, a complete sprinkler system, and ample natural light from large windows. Heating is provided
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Total area
62,800 SF
Lot
9.55 ac (415,998 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7080 004
UPID
US22-1192759
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
-
Elma Electronic Inc. Computer Hardware Manufacturer
-
Optima-Stantron, an Elma company Computer Hardware Manufacturer
-
Optima Stantron Corp., an Elma company Computer Hardware Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.89M
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$5.46M
Owner & transaction history
Elma Electronic INC · 7 yrs held
Elma Electronic INC
since 2019
2 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+85.7%
Medical building
$4.1M
+43.1%
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 Lawrenceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,375,000
6.5%
$5,885,000
7%
$5,465,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,325,000
Change: +86% · Conversion: Easy
MEDICAL BUILDING
$4,105,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$5.46M
Range $4.91M – $6.00M · ±10%
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
$87 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$211,533
Tax year 2024
Assessed value
$7,597,160
Assessed 2024
Previous assessed
$4,709,200
+61.3% YoY
Effective rate
2.78%
On assessed value
Assessed land
$898,560
Assessed improvement
$6,698,600
Land market value
$2,246,400
Improvement market value
$16,746,500
Total market value
$18,992,900
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
NONE
Buildings
4
Stories
2
Total area
62,800 SF
Lot
9.55 ac (415,998 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
R7080 004
UPID
US22-1192759
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Lawrenceville, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Lawrenceville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawrenceville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1970
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Lot
9.55 ac
Current owner
From public records · entity-resolved
Elma Electronic INC
Entity
Free & Clear · 7 yrs held
Mailing address
44350 S GRIMMER BLVD, FREMONT, CA 94538-6385
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2019
—
Elma Electronic INC
Pace Converting INC
Quit Claim Deed
related
—
Jan 4, 2019
$7,850,000
Elma Electronic INC
Pace Converting INC
Grant 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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