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Property profile & analytics
FOR LEASE
Commercial real estate
3169 Holcomb Bridge Rd Norcross, GA 30071
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-4746617
For Lease
1 / 2
$25 SF/Yr
3169 Holcomb Bridge Rd, Norcross, GA 30071
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Total area
126,245 SF
Lot
9 ac (392,040 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
6-274 -017
UPID
US22-4746617
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
-
Jhonnathan Villarreal | Realtor Real Estate Agency
-
Angelica Briceno Realtor Real Estate Agency
-
Lenny Pozo, Loan Officer Loan Service Bank
-
Chun-Ket Yau Financial Advisor
-
Edward Jones - Financial Advisor: Marc Thompson Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.60M
Comparable Approach
Comparable
$29.29M
Blend (final)
Blend
$22.90M
Owner & transaction history
Icm 9 Jefferson Plaza LP · 2 yrs held
Icm 9 Jefferson Plaza LP
since 2023
3 recorded transactions
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$34.1M
+25.4%
Neighborhood: shopping center
$33.3M
+22.3%
Office building
$30.8M
+13.3%
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%
$25,565,000
6.5%
$23,600,000
7%
$21,915,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$27,200,000
Current use
RETAIL STORES
$34,105,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$33,265,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$30,810,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$22.90M
Range $20.61M – $25.18M · ±10%
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
$181 / 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
$193,396
Tax year 2023
Assessed value
$7,088,000
Assessed 2023
Previous assessed
$7,088,000
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$1,194,080
Assessed improvement
$5,893,920
Land market value
$2,985,200
Improvement market value
$14,734,800
Total market value
$17,720,000
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 Lease
Year built
1978
Heating
YES
Cooling
NONE
Stories
7
Total area
126,245 SF
Lot
9 ac (392,040 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
6-274 -017
UPID
US22-4746617
Jurisdiction
GWINNETT
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Norcross, GA
Zoning OI-OFFICE-INSTITUTIONAL · permitted uses
OI-OFFICE-INSTITUTIONAL · 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
$27.2M
RETAIL STORES
Est. value
$34.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.3M
OFFICE BUILDING
Est. value
$30.8M
COMMERCIAL (GENERAL) Current
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
1978
Heating
YES
Cooling
Yes
Stories
7
Lot
9 ac
Current owner
From public records · entity-resolved
Icm 9 Jefferson Plaza LP
Entity
Free & Clear · 2 yrs held
Mailing address
3169 HOLCOMB BRG RD, NORCROSS, GA 30071-1328
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2023
—
Icm 9 Jefferson Plaza LP
Saf Legend Gp INC
Quit Claim Deed
related
—
Oct 30, 2023
—
Icm Ix Jefferson Plaza LP
—
Deed
related
$8,250,000 · Ameris Bank
Jun 1, 2021
—
Icm Ix Jefferson Plaza LP
—
Deed
related
$25,839,800 · Saf Legend
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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