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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Warehouses
283 Swanson Dr Lawrenceville, GA 30043-8547
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-4704596
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2002
Total area
6,750 SF
Lot
1.62 ac (70,567 SF)
Zoning code
LM-LIGHT MANUFACTURING
APN
R7028 162
UPID
US22-4704596
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
-
Choice Small Business Academy Hardware & Home Improvement
-
1 Source Roofing and Restoration, Inc Roofing Company General Contractor
-
The Strongarm American Welding Company General Contractor
-
COIT Cleaning and Restoration Air Duct Cleaning Service Fire Damage Restoration Service
-
Biltmore Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.67M
Owner & transaction history
Oip 283 Swanson LLC · 2 yrs held
Oip 283 Swanson LLC
since 2024
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
LM-LIGHT MANUFACTURING · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+248.1%
Medical building
$2.1M
+202.2%
Commercial (general)
$2.0M
+196.4%
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
$1,665,000
ML approach
$1,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,380,000
Change: +248% · Conversion: Difficult
MEDICAL BUILDING
$2,065,000
Change: +202% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,025,000
Change: +196% · Conversion: Difficult
RETAIL STORES
$1,825,000
Change: +167% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,780,000
Change: +160% · Conversion: Moderate
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $1.67M (Mar 11 2024)
Last sale anchor
$1.67M
Mar 11 2024
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
$247 / 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
$16,755
Tax year 2024
Assessed value
$523,600
Assessed 2024
Previous assessed
$523,600
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$133,800
Assessed improvement
$389,800
Land market value
$334,500
Improvement market value
$974,500
Total market value
$1,309,000
Applied tax rate
6.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,750 SF
Lot
1.62 ac (70,567 SF)
Zoning code
LM-LIGHT MANUFACTURING
APN
R7028 162
UPID
US22-4704596
Jurisdiction
GWINNETT
Zoning & alternative use
LM-LIGHT MANUFACTURING · Lawrenceville, GA
Zoning LM-LIGHT MANUFACTURING · permitted uses
LM-LIGHT MANUFACTURING · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Oip 283 Swanson LLC
Entity
Mailing address
283 SWANSON DR, LAWRENCEVILLE, GA 30043-8547
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
Oip 283 Swanson LLC
—
Deed
related
$1,100,000 · Planters First Bank
Mar 11, 2024
$1,665,000
Oip 283 Swanson LLC
Red Cat Holdings LLC
Warranty Deed
$925,000 · Oconee State Bank
May 2, 2018
—
Red Cat Holdings LLC
—
Deed
related
$1,550,000 · Miscellaneous Ins Co
Mar 19, 2007
$689,523
Red Cat Holdings LLC
East Coast Property Mgmt LLC
Grant Deed
related
—
Mar 12, 2007
$689,523
Red Cat Holdings LLC
East Coast Property Mngt L
Grant Deed
related
—
—
—
Red Cat Holdings LLC
—
Deed Of Trust
related
$1,550,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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