Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    302 Tribble Gap Rd Cumming, GA 30040-2440

    • Commercial real estate
    • 1,970 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2024
    $550,000
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    4.4%
    Commercial real estate
    Location Intelligence
    Property ID
    US22-0827113
    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

    • Thomas Knox & Associates, LLC / Law Firm

    Property Details for 302 Tribble Gap Rd

    Year built
    1946
    Lot size
    0.36 lot acres
    Property size
    1,970 SF
    Zone code
    CBD
    Property type
    Commercial real estate
    APN
    C15 032
    APU
    C15032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $550,000
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $370,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $380,000
      Market price range: $214k - $640k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $420,000
      Current use
      AUTO REPAIR, GARAGE
      $780,000
      Change: +85% Conversion: Difficult
      MEDICAL BUILDING
      $520,000
      Change: +23% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $415,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $375,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1404
    Latitude
    34.2097
    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
    $2,372
    $43,200
    $53,548
    $96,748
    -
    $108,000
    $133,870
    $241,870

    Comparable in this City

    • Value Estimation by Request
      5.70 Acres

      Corners Pkwy

      Land • 5.70 Acres
      0 Corners Pkwy, Cumming, GA 30040
      View Details
    • Value Estimation by Request
      6.50 Acres

      4175 Evans Rd

      Land • 6.50 Acres
      4175 Evans Rd, Cumming, GA 30040
      View Details
    • Value Estimation by Request
      6.04 Acres

      5529 Castleberry Rd

      Land • 6.04 Acres
      5529 Castleberry Rd, Cumming, GA 30040
      View Details
    • Value Estimation by Request
      0.37 Acres

      Main St

      COMMERCIAL (GENERAL) • 0.37 Acres
      Main St, Cumming, GA 30040
      View Details
    • Value Estimation by Request
      1.67 Acres

      14255 Cumming Hwy

      COMMERCIAL (GENERAL) • 1.67 Acres
      14255 Cumming Hwy, Cumming, GA 30040-5454
      View Details
    • Value Estimation by Request
      384 SF

      529 Kelly Ml Rd

      COMMERCIAL (GENERAL) • 384 SF
      529 Kelly Ml Rd, Cumming, GA 30040-2347
      View Details

    Similar Nearby for Sale

    • $829,000
      0.83 Acres

      Prime Cumming Commercial Land

      .83-acre corner lot, Hwy 20 frontage
      4310 Hyde Rd, Cumming, GA 30040
      View Details
    • $3,400,000
      3.40 Acres

      Prime Cumming Commercial Land

      3.4 Acres, CBD Zoning, High Traffic
      3616 Canton Hwy, Cumming, GA 30040
      View Details
    • $200,000
      0.33 Acres

      Cumming Commercial Land - $200K

      Prime 0.33-acre lot, CBD zoning.
      109 Mountain View Dr, Cumming, GA 30040
      View Details
    • $3,200,000
      6.04 Acres

      Prime Cumming Land - 6 Acres

      6.04 acres, A1 zoning, development potential.
      5529 Castleberry Rd, Cumming, GA 30040
      View Details
    • $1,050,000
      3.00 Acres

      Cumming, GA Commercial Land Opportunity

      7.63 Acres, CBD Zoning, High Visibility
      3041 Canton Hwy, Cumming, GA 30040
      View Details
    • $1,200,000
      0.23 Acres

      Downtown Cumming Commercial Corner Lot

      High-traffic corner lot, ideal for office, retail, or medical.
      St, Cumming, GA 30040
      View Details

    Similar Nearby for Lease

    • $168 SF/Yr
      1,200 SF

      Executive Office Suite in Cumming, GA

      800 SF Office Condo, Fully Furnished
      309 Pirkle Ferry Rd, Cumming, GA 30040
      View Details
    • $14 SF/Yr
      4,590 SF

      Prime Cumming Office Space

      2,400 SF Office Suite Available Now
      407 Maple St, Cumming, GA 30040
      View Details
    • $13 SF/Yr
      78,800 SF

      Forsyth Business Park: Cumming, GA

      Modern Industrial Space, Cumming, GA
      1420 Redi Rd, Cumming, GA 30040
      View Details
    • Contact for pricing
      110,002 SF

      Lanier Crossing Retail Spaces Available

      Forsyth County retail center, two spaces available.
      655 Atlanta Hwy, Cumming, GA 30040
      View Details
    • Contact for pricing
      62,264 SF

      Vickery Village: Prime Office Space

      Class A Office, Retail & Restaurant Space
      5855 Vickery St, Cumming, GA 30040
      View Details
    • $2,100 /Mo
      1,154 SF

      Renovated Office Suite in Cumming

      Well-maintained office suite in a prime Cumming location.
      6045 Southard Trce, Cumming, GA 30040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 Tribble Gap Rd
    Cumming, GA 30040-2440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.