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

    2606 Cruse Rd Lawrenceville, GA 30044

    • Commercial real estate
    • 18,295 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0710082
    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

    • Commercial real estate

    Property Details for 2606 Cruse Rd

    Year built
    1983
    Lot size
    0.42 lot acres
    Property size
    18,295 SF
    Property type
    Commercial real estate
    APN
    R7002 116

    Description

    This exceptional 0.42-acre commercial land parcel, located at 2606 Cruse Road in Lawrenceville, Georgia (zip code 30044), presents a unique investment opportunity. Boasting a total square footage of 18,295, this property offers significant potential for a variety of commercial ventures. Built in 1983, the land is currently 100% occupied as a single tenancy. Its strategic location at the intersection of Bethesda School Road and Cruse Road provides unparalleled visibility and accessibility, with high-traffic volume ensured by neighboring businesses such as Kroger, CVS, and Chevron. The property's land value is assessed at $1 per square foot. This is the last remaining corner lot at this intersection, making it a truly rare find. The property's APN is R7002 116. This prime location is ideal for a wide range of businesses, including but not limited to law offices, retail establishments, insurance agencies, dental practices, and medical facilities. Don't miss this chance to secure a thriving commercial presence in a high-demand area. The property is situated in Gwinnett County.

    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
    -84.0804295
    Latitude
    33.9402645

    Comparable in this City

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      Commercial Land in Lawrenceville, GA

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      Commercial Land in Lawrenceville, GA

      Commercial zoned land available in Lawrenceville, Georgia.
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    • $585,000
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      Land in Brookwood School District

      2.5 acres in a rapidly developing area near luxury homes.
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      Residential Land in Lawrenceville, GA

      2.39-acre land parcel permitted for 13 single-family houses.
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    • $475,000
      Pending

      Lawrenceville Industrial Land For Sale

      4.47 acre M-1 zoned land in established industrial park.
      2190 Oakland Industrial Ct NE, Lawrenceville, GA 30044
      View Details

    Similar Nearby for Sale

    • $475,000
      Pending

      Lawrenceville Industrial Land For Sale

      4.47 acre M-1 zoned land in established industrial park.
      2190 Oakland Industrial Ct NE, Lawrenceville, GA 30044
      View Details
    • $160,000
      0.51 Acres

      Commercial Land in Lawrenceville, GA

      Commercial land ready for development with high traffic count.
      3652 Meadows Ln, Lawrenceville, GA 30044
      View Details
    • $585,000
      2.51 Acres

      Land in Brookwood School District

      2.5 acres in a rapidly developing area near luxury homes.
      665 Arnold Rd, Lawrenceville, GA 30044
      View Details
    • $1,500,000
      2.39 Acres

      Residential Land in Lawrenceville, GA

      2.39-acre land parcel permitted for 13 single-family houses.
      122 Gloster Rd, Lawrenceville, GA 30044
      View Details
    • $475,000
      Pending

      Lawrenceville Industrial Land For Sale

      4.47 acre M-1 zoned land in established industrial park.
      2190 Oakland Industrial Ct NE, Lawrenceville, GA 30044
      View Details
    • $479,000
      1.37 Acres

      Lawrenceville Commercial Land for Sale

      1.37 acre commercial land with road frontage in Gwinnett County.
      2715 Huff Dr NE, Lawrenceville, GA 30044
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    Similar Nearby for Lease

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      233,991 SF

      Lawrenceville Commons Retail Center

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      Lawrenceville Office Space For Rent

      2278 SF office space in Lawrenceville, GA available for rent.
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      1 SF

      Prime Lawrenceville Retail Space

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      225,120 SF

      Industrial Space Available for Sublease

      43,400 SF industrial space available for sublease until 2027.
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    • $2,075 /Mo
      16,553 SF

      Charming Converted Office Space

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    2606 Cruse Rd
    Lawrenceville, GA 30044
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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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