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

    3000 Celebration Blvd, Unit 8000 Suwanee, GA 30024-1054

    • Garden apartment buildings
    • 308,020 SF
    • 12.99 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2023
    $70,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3877311
    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

    • Garden apartment buildings

    Property Details for 3000 Celebration Blvd

    Year built
    2016
    Lot size
    12.99 lot acres
    Property size
    308,020 SF
    Zone code
    CBD
    Property type
    Garden apartment buildings
    APN
    138 526
    APU
    138526

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $68,965,000
      6.5%
      $63,660,000
      7%
      $59,115,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $76,271,000
      Market price range: $5.23M - $78.7M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $45,620,000
      Current use
      COMMERCIAL (GENERAL)
      $67,215,000
      Change: +47% Conversion: Moderate
      RESTAURANT
      $52,085,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $51,900,000
      Change: +14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Suwanee
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1686
    Latitude
    34.0932
    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
    $544,558
    $1,558,800
    $20,648,120
    $22,206,920
    -
    $3,897,000
    $51,620,300
    $55,517,300

    Comparable in this City

    • Value Estimation by Request
      354,333 SF

      4345 Alta Dr

      GARDEN APT, COURT APT (5+ UNITS) • 354,333 SF
      4345 Alta Dr, Suwanee, GA 30024-6669
      View Details
    • Value Estimation
      $10,285,000
      92,704 SF

      400 Hwy 23rd NW

      HIGH-RISE APARTMENTS • 92,704 SF
      400 Hwy 23rd NW, Suwanee, GA 30024-4927
      View Details
    • Value Estimation by Request
      297,500 SF

      500 Buford Hwy

      HIGH-RISE APARTMENTS • 297,500 SF
      500 Buford Hwy, Suwanee, GA 30024-7808
      View Details
    • Value Estimation
      $2,655,000
      21,440 SF

      4000 Mcginnis Fry Rd

      HIGH-RISE APARTMENTS • 21,440 SF
      4000 Mcginnis Fry Rd, Suwanee, GA 30024-3836
      View Details
    • Value Estimation
      $3,915,000
      32,448 SF

      1035 Scales Rd

      HIGH-RISE APARTMENTS • 32,448 SF
      1035 Scales Rd, Suwanee, GA 30024-1822
      View Details
    • Value Estimation by Request
      86,002 SF

      1045 Old Peachtree NW Rd

      HIGH-RISE APARTMENTS • 86,002 SF
      1045 Old Peachtree NW Rd, Suwanee, GA 30024-5054
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      13.5 Acres in South Forsyth

      Large property in high-demand area with development potential.
      451 Nichols Dr, Suwanee, GA 30024
      View Details
    • $160,000

      Forsyth County Estate Land Opportunity

      Prime acreage for luxury development.
      999 Settles Rd, Suwanee, GA 30024
      View Details
    • Contact for pricing
      0.30 Acres

      Suwanee Office Space for Lease

      Prime Location, 2000 sq ft Office
      3565 Lawrenceville Suwanee Rd, Suwanee, GA 30024
      View Details
    • Contact for pricing
      0.06 Acres

      Inviting One-Level Office Condo

      One-level office condo with natural light in Suwanee, GA.
      4300 Westbrook Rd, Suwanee, GA 30024
      View Details
    • Contact for pricing
      1,136 SF

      One-Level Office Condo For Sale

      One-level office condo with natural light in Suwanee, GA.
      4300 Westbrook Rd, Suwanee, GA 30024
      View Details

    Similar Nearby for Lease

    • $2,900 /Mo
      871 SF

      Suwanee Office Suite For Lease

      Professional office suite with private offices, kitchen, and accessible parking.
      530 Highland Station Dr, Suwanee, GA 30024
      View Details
    • $1,099 /Mo
      871 SF

      Suwanee Office Space For Rent

      Well-designed business condominium with private office space and parking.
      1110 Satellite Blvd NW, Suwanee, GA 30024
      View Details
    • $4,000 /Mo

      Suwanee Office Space Available

      Office space with five offices and partitioned cubicles for rent.
      2013 Lawrenceville Suwanee Rd, Suwanee, GA 30024
      View Details
    • Contact for pricing
      71,547 SF

      Johns Creek Medical Office Space

      Prime Medical Office Suites For Lease
      3855-4055 Johns Creek Pkwy, Suwanee, GA 30024
      View Details
    • Contact for pricing

      Renovated Warehouse Space Available

      77,598 SF renovated warehouse space with office and dock doors.
      460 Horizon Dr, Suwanee, GA 30024
      View Details
    • $7 SF/Yr

      Modern Industrial Warehouse Sublease

      38,400 SF modern industrial warehouse in Suwanee, Georgia.
      1300 Northbrook Pkwy, Suwanee, GA 30024
      View Details
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    Suwanee, GA 30024-1054
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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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