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    311 Rockbridge Rd NW Lilburn, GA 30047
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    311 Rockbridge Rd NW Lilburn, GA 30047

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    • Investment properties
    • 824 SF
    • 0.44 lot acres
    For Sale
    $650,000
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    Retail Building in High-Traffic Area For Sale
    $650,000
    824 SF

    Retail Building in High-Traffic Area

    Retail building with expansion potential in bustling Lilburn, Georgia.

    311 Rockbridge NW Road, Lilburn, GA 30047
    View Listing
    Property ID
    US22-1265697
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MC Glass Art Inc / Art Gallery / Glass Blower

    Property Details for 311 Rockbridge Rd NW

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Property size
    824 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    6-145 -019
    APU
    6145019

    Description

    This exceptional 0.44-acre corner lot at 311 Rockbridge Road NW in Lilburn, Georgia, presents a remarkable investment opportunity. Boasting a highly desirable location immediately off the busy Highway 29/Lawrenceville Highway, this property benefits from exceptional visibility and a substantial traffic count, making it ideal for a diverse range of commercial uses. Currently zoned C2, the possibilities are extensive. The existing 824-square-foot building is currently used for retail purposes, offering immediate income potential or the opportunity for renovation and expansion to suit a new business. The substantial lot size provides ample space for future development or expansion of the existing structure. Its prime location in the thriving Lilburn community ensures easy access to a large customer base and excellent connectivity to major transportation routes. This property is a rare find, combining a strategic location with significant development potential, making it an attractive proposition for savvy investors and entrepreneurs seeking a high-impact commercial presence in a bustling market. The combination of high visibility, convenient access, and flexible zoning makes this an exceptional opportunity to establish or expand a successful business. Don't miss this chance to secure a prime piece of Lilburn real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lilburn
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1608
    Latitude
    33.8818
    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
    2023
    $1,741
    $35,440
    $14,960
    $50,400
    -
    $88,600
    $37,400
    $126,000

    Comparable in this City

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      5534 Lawrenceville NW Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,840 SF
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      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Lilburn, Georgia

      Shopping center anchored by Burlington Coat Factory at Highway 78.
      4051 Hwy 78, Lilburn, GA 30047
      View Details
    • Contact for pricing

      Retail Space Near Walmart, Home Depot

      Retail space shadow-anchored by Walmart and Home Depot.
      4020-4030 Lawrenceville Hwy, Lilburn, GA 30047
      View Details
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      Lilburn Commercial Space For Rent

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      Renovated Commercial Building in Lilburn

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      Office Building in Lilburn, GA

      Office space with level entrance and ample parking.
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      Prime Commercial Space For Lease

      Versatile commercial space in high-traffic area, ideal for various businesses.
      888 Pleasant Hill Rd, Lilburn, GA 30047
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    View Listing
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    311 Rockbridge Rd NW
    Lilburn, GA 30047
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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.

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    311 Rockbridge Rd NW, Lilburn, GA, 30047
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