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

    251 Hosea Rd Lawrenceville, GA 30046-4605

    • Industrial properties
    • 121,691 SF
    • 18.60 lot acres
    OFF-MARKET
    Value Estimations
    $10,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1195066
    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

    • CMC Rebar / Factory / Production Facility
    • King Steel, Inc (Fabrication Shop) / Construction Company / General Contractor

    Property Details for 251 Hosea Rd

    Year built
    1966
    Lot size
    18.60 lot acres
    Property size
    121,691 SF
    Zone code
    HM-HEAVY MANUFACTURING
    Property type
    Industrial properties
    APN
    R5178 002A
    APU
    R5178002A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,355,000
      6.5%
      $11,405,000
      7%
      $10,590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,007,000
      Market price range: $1.17M - $9.73M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $15,550,000
      RESTAURANT
      $13,390,000
      AUTO REPAIR, GARAGE
      $8,865,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9698
    Latitude
    33.9702
    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
    2024
    $62,940
    $2,041,760
    $5,415,600
    $7,457,360
    -
    $5,104,400
    $13,539,000
    $18,643,400

    Comparable in this City

    • Value Estimation
      $3,225,000
      66,414 SF

      296 Grayson Hwy

      INDUSTRIAL (GENERAL) • 66,414 SF
      296 Grayson Hwy, Lawrenceville, GA 30046-5737
      View Details
    • Value Estimation
      $2,445,000
      97,850 SF

      770 Marathon Pkwy

      INDUSTRIAL (GENERAL) • 97,850 SF
      770 Marathon Pkwy, Lawrenceville, GA 30046-2800
      View Details
    • Value Estimation by Request
      3,365 SF

      109 Lk Run

      CONDOMINIUMS (INDUSTRIAL) • 3,365 SF
      109 Lk Run, Lawrenceville, GA 30046
      View Details
    • Value Estimation
      $1,970,000
      89,780 SF

      1000 Raco Ct

      INDUSTRIAL (GENERAL) • 89,780 SF
      1000 Raco Ct, Lawrenceville, GA 30046-3305
      View Details
    • Value Estimation by Request
      3.14 Acres

      1298 Old Norcross Rd

      Office Properties & Spaces • 136,778 SF
      1298 Old Norcross Rd, Lawrenceville, GA 30046
      View Details
    • Value Estimation by Request
      12,000 SF

      175 Buford Dr

      LUMBERYARD, BUILDING MATERIALS • 12,000 SF
      175 Buford Dr, Lawrenceville, GA 30046-4925
      View Details

    Similar Nearby for Sale

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      46,176 SF

      Turn-Key Brewery: Lawrenceville, GA

      Established Brewery, Fully Equipped
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    • $8,000,000
      91,596 SF

      Lawrenceville Industrial Facility For Sale

      91,596 SF industrial facility in Lawrenceville, GA available for purchase.
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    • $1,650,000
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      Lawrenceville Commercial Space For Sale

      Prime commercial space in downtown Lawrenceville with parking.
      139 New Hope Rd, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      2,400 SF

      Downtown Lawrenceville Retail Gem

      Prime 2,400 sq ft retail building
      193 Pike St, Lawrenceville, GA 30046
      View Details
    • $449,900
      0.65 Acres

      Lawrenceville Vacant Lot For Sale

      0.65-acre vacant lot near Gwinnett Justice & Admin. Ctr.
      101 Langley Dr, Lawrenceville, GA 30046
      View Details
    • $350,000
      1.17 Acres

      Lawrenceville Vacant Residential Lot

      Cleared 1.17-acre lot ready for residential construction near downtown.
      692 Davis Rd, Lawrenceville, GA 30046
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      66,400 SF

      Lawrenceville Industrial Warehouse Space

      66,400 SF Flex Warehouse, Gwinnett County
      485 Buford Dr, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      178,904 SF

      Lawrenceville Industrial Space Available

      64,714 SF industrial space available for lease in July 2025.
      625 Old Norcross Rd, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      14,858 SF

      Lawrenceville Warehouse with AC Lot

      14,858 SF building on 10.80 AC lot near Highway 316/29.
      540 Hosea Rd, Lawrenceville, GA 30046
      View Details
    • $16 SF/Yr
      17,000 SF

      390 Pike St

      Distribution properties • 17,000 SF
      390 Pike St, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      326,350 SF

      Sugarloaf Logistics Hub Development

      Master-planned industrial park with flexible spaces and various amenities.
      5030 Sugarloaf Pkwy, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      6 SF

      Lawrenceville Land with Container Spaces

      6.70 AC property with 238 container spaces for rent.
      350 Equipment Ct, Lawrenceville, GA 30046
      View Details
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    251 Hosea Rd
    Lawrenceville, GA 30046-4605
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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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