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    3425 Centerville Hwy Snellville, GA 30039-6117

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    3425 Centerville Hwy Snellville, GA 30039-6117

    View on Map
    • Commercial real estate
    • 31,434 SF
    • 3.23 lot acres
    Off-Market
    Property ID
    US22-1906192
    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
    $7,275,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3425 Centerville Hwy

    Year built
    2006
    Lot size
    3.23 lot acres
    Property size
    31,434 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Commercial real estate
    APN
    6-020 -282
    APU
    6020282

    Description

    This exceptional retail opportunity is located within Shopper's World, a thriving strip center in Snellville, Georgia. The property boasts a total of 30,646 square feet, with a single remaining space of 1,500 square feet currently available for lease. Situated on a generous 3.28-acre lot, Shopper's World offers high visibility and convenient access from its location at 3425 Centerville Hwy, Snellville, GA 30039. The property's multiple tenancy structure ensures a diverse and vibrant shopping environment, attracting a steady stream of customers. This prime retail space presents an excellent chance to establish or expand your business in a bustling commercial area. The building is well-maintained and offers ample parking for customers and employees. The location benefits from strong foot traffic and easy access to major transportation routes, making it an ideal spot for a variety of retail businesses. Don't miss this opportunity to secure a space in this successful and established shopping center. Contact us today to learn more about leasing this 1,500 square foot space and to discuss your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,365,000
      6.5%
      $5,875,000
      7%
      $5,455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,529,000
      Market price range: $2.48M - $7.53M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $8,755,000
      Current use
      MEDICAL BUILDING
      $10,070,000
      Change: +15% Conversion: Easy
      RETAIL STORES
      $8,490,000
      Change: -3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $8,280,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $7,670,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Snellville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0441
    Latitude
    33.807
    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
    $55,902
    $664,200
    $1,109,800
    $1,774,000
    -
    $1,660,500
    $2,774,500
    $4,435,000

    Comparable in this City

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    • Value Estimation by Request
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      1277 Norris Lk Dr

      COMMERCIAL (GENERAL) • 984 SF
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    • Value Estimation
      $1,495,000
      11,097 SF

      3295 Centerville Hwy

      COMMERCIAL (GENERAL) • 11,097 SF
      3295 Centerville Hwy, Snellville, GA 30039-6113
      View Details
    • Value Estimation
      $3,625,000
      14,669 SF

      2220 Hewatt Rd

      COMMERCIAL (GENERAL) • 14,669 SF
      2220 Hewatt Rd, Snellville, GA 30039-4021
      View Details
    • Value Estimation
      $3,430,000
      15,000 SF

      4017 Annistown Rd

      COMMERCIAL (GENERAL) • 15,000 SF
      4017 Annistown Rd, Snellville, GA 30039-6901
      View Details
    • Value Estimation
      $940,000
      10,000 SF

      3400 Centerville Hwy

      COMMERCIAL (GENERAL) • 10,000 SF
      3400 Centerville Hwy, Snellville, GA 30039-8005
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Prime Commercial Land Near Walmart

      C2 zoned land with high visibility and accessibility.
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      Commercial Parcels For Sale

      Parcels available for sale, GL or BTS.
      3621 Centerville Hwy, Snellville, GA 30039
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      Commercial Land Available For Sale

      Parcels available for sale, ground lease, or build-to-suit.
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      Prime Commercial Land Opportunity

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    • $325,000

      Vacant Lot Adjacent to Park

      Wooded 9.74-acre lot near Lenora Park in Snellville, GA.
      2918 Centerville Rosebud Rd, Snellville, GA 30039
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    • $120,000
      0.75 Acres

      Residential Land in Snellville, GA

      0.749 acre lot, perfect for building or investment.
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Space For Lease

      2,500 SF retail space available for lease.
      3641 Centerville Hwy, Snellville, GA 30039
      View Details
    • $1,795 /Mo

      Retail Space in Broad Leaf Plaza

      Retail space for rent in Snellville, Georgia.
      3400 Centerville Hwy, Snellville, GA 30039
      View Details
    • $14 SF/Yr

      Snellville Flex Space Available

      Flex space with office, drive-in door, and ample parking.
      3151 Lenora Church Rd, Snellville, GA 30039
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    • Contact for pricing

      Retail Space in Snellville, GA

      Retail space for lease in Snellville, GA shopping center.
      3035 Centerville Hwy SW, Snellville, GA 30039
      View Details
    • $6,666 /Mo
      2,000 SF

      Retail Space in Snellville, GA

      Retail space available on Centerville Rosebud Road.
      3524 Centerville Rosebud Rd, Snellville, GA 30039
      View Details
    • Contact for pricing

      Lenora Church Road Flex Space

      Flex space available for lease on Lenora Church Road.
      3151 Lenora Church Rd, Snellville, GA 30039
      View Details
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    Snellville, GA 30039-6117
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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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