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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    249 Scenic Hwy Lawrenceville, GA 30046-8402

    • Strip malls
    • 53,345 SF
    • 5.58 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2025
    Value Estimations
    $6,095,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1035722
    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

    • Your Family Grocery Store / Grocery & Convenience Store / Food Market
    • Ally's Attic / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Brilliant Bubbles Laundromat / (Bike/Boat/Book/etc) Store
    • Thrifted Envy / (Bike/Boat/Book/etc) Store

    Property Details for 249 Scenic Hwy

    Year built
    1974
    Lot size
    5.58 lot acres
    Property size
    53,345 SF
    Zone code
    BG-GENERAL BUSINESS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    5-142 -100
    APU
    5142100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9909
    Latitude
    33.9439
    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
    $62,935
    $1,361,160
    $599,440
    $1,960,600
    -
    $3,402,900
    $1,498,600
    $4,901,500

    Comparable in this City

    • Value Estimation
      $16,155,000
      120,847 SF

      134 Clayton St

      SHOPPING CENTER, STRIP CENTER • 120,847 SF
      134 Clayton St, Lawrenceville, GA 30046-5743
      View Details
    • Value Estimation
      $7,545,000
      87,002 SF

      640 Collins Hl Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 87,002 SF
      640 Collins Hl Rd, Lawrenceville, GA 30046-4461
      View Details
    • Value Estimation
      $4,940,000
      47,996 SF

      250 Grayson Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 47,996 SF
      250 Grayson Hwy, Lawrenceville, GA 30046-5756
      View Details
    • Value Estimation
      $20,880,000
      221,437 SF

      630 Collins Hl Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 221,437 SF
      630 Collins Hl Rd, Lawrenceville, GA 30046-4453
      View Details
    • Value Estimation
      $11,180,000
      66,261 SF

      455 Grayson Hwy

      MINI-MALL • 66,261 SF
      455 Grayson Hwy, Lawrenceville, GA 30046-7171
      View Details
    • Value Estimation by Request
      417 SF

      186 Crogan St

      RESTAURANT • 417 SF
      186 Crogan St, Lawrenceville, GA 30046
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Downtown Lawrenceville Retail Gem

      Prime 2,400 sq ft retail building
      193 Pike St, Lawrenceville, GA 30046
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    • $1,750,000
      4,400 SF

      Turnkey Auto Shop - Lawrenceville, GA

      Fully renovated auto repair shop, great location.
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    • $899,000
      2,856 SF

      335 Pike St, Lawrenceville, GA 30046

      Commercial real estate • 2,856 SF
      335 Pike St, Lawrenceville, GA 30046
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    • $699,999
      1,897 SF

      Lawrenceville Office Building - Prime Location

      All-brick office building, 1897 sq ft, high visibility.
      288 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • $8,000,000
      91,596 SF

      Lawrenceville Industrial Facility For Sale

      91,596 SF industrial facility in Lawrenceville, GA available for purchase.
      154 Industrial Park Cir, Lawrenceville, GA 30046
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    • $410,000
      0.36 Acres

      Lawrenceville Duplex Opportunity

      All-brick duplex in a prime Lawrenceville location.
      792 Charleston Ct, Lawrenceville, GA 30046
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    Similar Nearby for Lease

    • Contact for pricing

      Kohl's Pad Site For Lease

      Prominent 1.45 acre outparcel adjacent to Walmart.
      640 Collins Hill Rd, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      50,540 SF

      Grayson Hwy Retail Center

      Prime Lawrenceville Retail Space Available
      250 Grayson Hwy, Lawrenceville, GA 30046
      View Details
    • Contact for pricing

      Prime Pad Sites in Lawrenceville

      Shop space and pad site opportunity near GA-316 interchange.
      675 Buford Dr, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      10,419 SF

      Lawrenceville Retail Space Available

      Retail property available for lease in Lawrenceville, Georgia.
      589 W Pike St, Lawrenceville, GA 30046
      View Details
    • $192 SF/Yr
      145,000 SF

      Lawrenceville Square: Class A Office Space

      Prime Gwinnett County location, medical & creative office suites.
      134 Clayton St, Lawrenceville, GA 30046
      View Details
    • $17 SF/Yr
      3,600 SF

      Lawrenceville Hwy Retail Spaces

      High-traffic retail spaces available.
      1154 Lawrenceville Hwy, Lawrenceville, GA 30046
      View Details
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    249 Scenic Hwy
    Lawrenceville, GA 30046-8402
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    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
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