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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    375 Mary Alice Park Rd Cumming, GA 30041

    • Commercial real estate
    • 3,160 SF
    • 2.78 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1172101
    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

    • Commercial real estate

    Property Details for 375 Mary Alice Park Rd

    Year built
    1970
    Lot size
    2.78 lot acres
    Property size
    3,160 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2.78-acre commercial land parcel presents a unique development opportunity in the thriving city of Cumming, Georgia. Located at 375 Mary Alice Park Road, zip code 30041, this property boasts a prime location, offering both tranquility and convenience. The land is zoned R1, providing versatility for a range of potential uses. Built in 1970, the property includes one building on a substantial 3,160 square foot lot. Its proximity to Lake Lanier provides stunning natural surroundings, while still being conveniently close to the shopping, dining, and amenities that Cumming has to offer. This is a rare opportunity to acquire a significant piece of land in a highly desirable area, allowing for the creation of a truly special project. The property's expansive size and strategic location make it an ideal investment for those seeking to build their vision in a thriving community. The address is easily accessible, providing excellent visibility and convenient access for future development. Don't miss this chance to secure this exceptional property and capitalize on its immense potential. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth - GA
    State
    Georgia
    Longitude
    -84.1228425
    Latitude
    34.1979451

    Comparable in this City

    • $3,825,000
      8.60 Acres

      Buford Hwy Commercial Land - Cumming, GA

      8.6 Acres, CBD Zoning, High Traffic Area
      3217 Buford Hwy, Cumming, GA 30041
      View Details
    • $2,912,000
      8.94 Acres

      Prime Cumming Land Assemblage

      8.94 Acres, High Traffic Area
      2155 Peachtree Pkwy, Cumming, GA 30041
      View Details
    • $695,000
      1.43 Acres

      Deep Water Lakefront Land

      Rare 1.43-acre lakefront lot with deep water access.
      Chinquapin Ln, Cumming, GA 30041
      View Details
    • $500,000

      Lake Lanier Waterfront Lot

      0.34 acre waterfront lot with full Lake Lanier views.
      7 Timber Lake Trl, Cumming, GA 30041
      View Details
    • New
      $2,500,000
      0.89 Acres

      Premier Lake Lanier Waterfront Lot

      Expansive lake views, private cove, deep water, dock permit.
      8330 Lanier Dr, Cumming, GA 30041
      View Details
    • New
      $460,000
      1.00 Acre

      Forsyth Land Opportunity

      One-acre homesites in a desirable Cumming location.
      8465 Forsyth Cmns Ct, Cumming, GA 30041
      View Details

    Similar Nearby for Sale

    • $3,825,000
      8.60 Acres

      Buford Hwy Commercial Land - Cumming, GA

      8.6 Acres, CBD Zoning, High Traffic Area
      3217 Buford Hwy, Cumming, GA 30041
      View Details
    • $2,912,000
      8.94 Acres

      Prime Cumming Land Assemblage

      8.94 Acres, High Traffic Area
      2155 Peachtree Pkwy, Cumming, GA 30041
      View Details
    • $695,000
      1.43 Acres

      Deep Water Lakefront Land

      Rare 1.43-acre lakefront lot with deep water access.
      Chinquapin Ln, Cumming, GA 30041
      View Details
    • $500,000

      Lake Lanier Waterfront Lot

      0.34 acre waterfront lot with full Lake Lanier views.
      7 Timber Lake Trl, Cumming, GA 30041
      View Details
    • New
      $2,500,000
      0.89 Acres

      Premier Lake Lanier Waterfront Lot

      Expansive lake views, private cove, deep water, dock permit.
      8330 Lanier Dr, Cumming, GA 30041
      View Details
    • New
      $460,000
      1.00 Acre

      Forsyth Land Opportunity

      One-acre homesites in a desirable Cumming location.
      8465 Forsyth Cmns Ct, Cumming, GA 30041
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cumming, GA Commercial Land Opportunity

      1.64 Acres, Build-to-Suit Potential
      1595 Peachtree Pkwy, Cumming, GA 30041
      View Details
    • Contact for pricing

      Land for Lease in Cumming

      Land available for lease in Cumming, Georgia.
      3803 Windermere Pkwy, Cumming, GA 30041
      View Details
    • Contact for pricing

      Prime Cumming Commercial Land

      1 Acre Forsyth County Lot - Lease
      2238 Peachtree Pkwy, Cumming, GA 30041
      View Details
    • Contact for pricing
      16,000 SF

      Prime Cumming Commercial Land

      1.8 Acres, 16,000 SF Potential
      1564 Peachtree Pkwy, Cumming, GA 30041
      View Details
    • Contact for pricing
      36,360 SF

      Sharon Promenade Retail Space

      Cumming, GA: Prime Retail Opportunity
      1465-1485 Peachtree Pkwy, Cumming, GA 30041
      View Details
    • Contact for pricing
      36,805 SF

      Cumming Retail Outparcel Opportunity

      High-growth area, 20,725 SF available
      2475 Market Place Blvd, Cumming, GA 30041
      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.
    375 Mary Alice Park Rd
    Cumming, GA 30041
    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.