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

    2397 Huntcrest Way Lawrenceville, GA 30043-6306

    • Commercial real estate
    • 20,000 SF
    • 2.10 lot acres
    OFF-MARKET
    Last Sale
    Nov 09, 2020
    $5,000,000
    Value Estimations
    $5,160,000
    Show details
    Cap Rate Potential
    3.2%
    Commercial real estate
    Location Intelligence
    Property ID
    US22-0811242
    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

    • Bill Myers - Ameris Bank Mortgage / Loan Service / Bank
    • Larry Brick - Ameris Bank Mortgage / Loan Service / Bank
    • Robert Murray - Ameris Bank Mortgage / Loan Service / Bank
    • Veronica Nieves-Adorno - Ameris Bank Mortgage / Loan Service / Bank
    • Brian Sengson - Ameris Bank Mortgage / Loan Service / Bank

    Property Details for 2397 Huntcrest Way

    Year built
    2006
    Lot size
    2.10 lot acres
    Property size
    20,000 SF
    Zone code
    OI-OFFICE-INSTITUTIONAL
    Property type
    Commercial real estate
    APN
    7-113 -459
    APU
    7113459

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,050,000
      6.5%
      $3,740,000
      7%
      $3,470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,590,000
      Market price range: $1.39M - $4.59M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,005,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $7,050,000
      Change: +17% Conversion: Moderate
      MEDICAL BUILDING
      $6,120,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $5,405,000
      Change: -10% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,270,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $4,880,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0652
    Latitude
    33.9996
    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
    $69,112
    $210,000
    $1,699,640
    $1,909,640
    -
    $525,000
    $4,249,100
    $4,774,100

    Comparable in this City

    • Value Estimation
      $21,050,000
      106,636 SF

      1745 Brown Rd

      COMMERCIAL (GENERAL) • 106,636 SF
      1745 Brown Rd, Lawrenceville, GA 30043-8156
      View Details
    • Value Estimation by Request
      2.16 Acres

      1730 Spectrum Dr

      COMMON AREA (COMMERCIAL) • 2.16 Acres
      1730 Spectrum Dr, Lawrenceville, GA 30043-5744
      View Details
    • Value Estimation by Request
      2,002 SF

      1670 Mckendree Church Rd

      COMMON AREA (COMMERCIAL) • 2,002 SF
      1670 Mckendree Church Rd, Lawrenceville, GA 30043-4107
      View Details
    • Value Estimation
      $725,000
      9,300 SF

      1495 Duluth Hwy

      COMMERCIAL (GENERAL) • 9,300 SF
      1495 Duluth Hwy, Lawrenceville, GA 30043-5143
      View Details
    • Value Estimation
      $1,245,000
      6,426 SF

      1431 Riverside Pkwy

      COMMERCIAL (GENERAL) • 6,426 SF
      1431 Riverside Pkwy, Lawrenceville, GA 30043-5995
      View Details
    • Value Estimation
      $600,000
      2,953 SF

      2095 Riverside Pkwy

      COMMERCIAL (GENERAL) • 2,953 SF
      2095 Riverside Pkwy, Lawrenceville, GA 30043-5911
      View Details

    Similar Nearby for Sale

    • $599,000
      3.33 Acres

      Hwy 20 Commercial Land, Lawrenceville

      3.33 Acres, High-Growth Area, $599,000
      0 Azalea Dr, Lawrenceville, GA 30043
      View Details
    • $1,499,000
      2.50 Acres

      Prime Lawrenceville Land - 2.5 Acres

      Residential Land, Ideal for Development
      885 Collins Hill Rd, Lawrenceville, GA 30043
      View Details
    • $1,200,000
      6,000 SF

      Prime Lawrenceville Medical Office

      6,000 SF Medical Building - $1.2M
      860 Collins Hill Rd, Lawrenceville, GA 30043
      View Details
    • $1,200,000
      1.01 Acres

      Prime 1-Acre Retail Site in Lawrenceville, GA

      High-traffic location, excellent visibility, development ready.
      900 Lawrenceville-Suwanee Rd, Lawrenceville, GA 30043
      View Details
    • $320,000
      1,752 SF

      Updated Townhome in Prime Location

      Updated 2-bed, 2.5-bath townhome near Gwinnett Exchange and Mall of Georgia.
      2940 Montague Place Dr, Lawrenceville, GA 30043
      View Details
    • Contact for pricing

      3.01 Acres Commercial Land Available

      Commercial land suitable for development, accessible location near 316.
      900 Hurricane Shoals Rd NE, Lawrenceville, GA 30043
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      98,306 SF

      Lawrenceville Flex Space for Lease

      Modern Flex Warehouse, Gwinnett County
      1000 Hurricane Shoals Rd, 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
    • $28 SF/Yr
      9,107 SF

      Lawrenceville Office Space For Rent

      Office spaces available with immediate highway access and high-end finishes.
      1745 N Brown Rd, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      12,816 SF

      Industrial Property Near Highway 316

      Industrial space with excellent highway access and strong local amenities.
      850 Progress Center Ct, Lawrenceville, GA 30043
      View Details
    • $1,411 /Mo

      New Lawrenceville Apartments For Rent

      New one and two bedroom apartments in Lawrenceville, Georgia.
      2300 Margot St, 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
    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.
    2397 Huntcrest Way
    Lawrenceville, GA 30043-6306
    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.