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Property profile & analytics
FOR SALE
Commercial real estate
3005 Business Park Dr Norcross, GA 30071
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-1012100
For Sale
1 / 18
$5,150,000
3005 Business Park Dr, Norcross, GA 30071
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
20,622 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
6-272 -117
UPID
US22-1012100
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
-
Safran Data Systems, Inc. Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$4.47M
Owner & transaction history
Danny L Scroggs · 3 yrs held
Danny L Scroggs
since 2023
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+48.7%
Retail stores
$5.6M
+25.4%
Neighborhood: shopping center
$5.4M
+22.3%
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 Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,175,000
6.5%
$3,855,000
7%
$3,580,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,445,000
Current use
MEDICAL BUILDING
$6,605,000
Change: +49% · Conversion: Easy
RETAIL STORES
$5,570,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,435,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$5,035,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$4.47M
Range $4.02M – $4.92M · ±10% · vs last sale $4.87M (Apr 18 2023)
Last sale anchor
$4.87M
Apr 18 2023
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
$217 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,790
Tax year 2023
Assessed value
$1,039,560
Assessed 2023
Previous assessed
$1,039,560
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$117,600
Assessed improvement
$921,960
Land market value
$294,000
Improvement market value
$2,304,900
Total market value
$2,598,900
Applied tax rate
9.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1999
Heating
NONE
Cooling
NONE
Stories
2
Total area
20,622 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M1-LIGHT INDUSTRY
APN
6-272 -117
UPID
US22-1012100
Jurisdiction
GWINNETT
Zoning & alternative use
M1-LIGHT INDUSTRY · Norcross, GA
Zoning M1-LIGHT INDUSTRY · permitted uses
M1-LIGHT INDUSTRY · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1999
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Danny L Scroggs
Individual
Mailing address
PO BOX 395, GAINESVILLE, GA 30503-0395
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$4,865,000
Danny L Scroggs
Bowes Properties LLC
Warranty Deed
—
Dec 2, 2021
—
Bowes Properties LLC
—
Deed
related
$150,000 · Georgias Own Credit Union
May 2, 2019
—
Bowes Properties LLC
—
Deed
related
$2,200,000 · Georgia's Own Cu
—
—
Bowes Properties LLC
—
Deed Of Trust
related
$2,200,000 · Georgia's Own Cu
—
—
Bowes Properties LLC
—
Deed Of Trust
related
$2,000,000 · Standard Insurance 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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