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

    3840 Hwy 78th W Snellville, GA 30039-3935

    • Grocery and convenience stores
    • 4,795 SF
    • 1.64 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2021
    $4,057,000
    Value Estimations
    $3,880,000
    Show details
    Cap Rate Potential
    2.2%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US22-1363982
    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

    • Grocery and convenience stores

    Property Details for 3840 Hwy 78th W

    Year built
    2004
    Lot size
    1.64 lot acres
    Property size
    4,795 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Grocery and convenience stores
    APN
    6-053 -182
    APU
    6053182

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,495,000
      ML approach
      $3,905,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,067,000
      Market price range: $1.60M - $5.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Snellville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0632
    Latitude
    33.8399
    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
    $65,308
    $267,920
    $1,310,080
    $1,578,000
    -
    $669,800
    $3,275,200
    $3,945,000

    Comparable in this City

    • Value Estimation
      $1,705,000
      7,664 SF

      4116 Lenora Church Rd

      CONVENIENCE STORE • 7,664 SF
      4116 Lenora Church Rd, Snellville, GA 30039-5305
      View Details
    • Value Estimation by Request
      128 SF

      3021 Scenic S Hwy

      CONVENIENCE STORE • 128 SF
      3021 Scenic S Hwy, Snellville, GA 30039-4613
      View Details
    • Value Estimation
      $555,000
      3,375 SF

      3290 Centerville Hwy

      CONVENIENCE STORE • 3,375 SF
      3290 Centerville Hwy, Snellville, GA 30039-6114
      View Details
    • Value Estimation
      $500,000
      2,650 SF

      3739 Hwy 78th W

      CONVENIENCE STORE • 2,650 SF
      3739 Hwy 78th W, Snellville, GA 30039-3975
      View Details
    • Value Estimation
      $2,080,000
      19,044 SF

      3340 Centerville Hwy

      GROCERY, SUPERMARKET • 19,044 SF
      3340 Centerville Hwy, Snellville, GA 30039-6116
      View Details
    • Value Estimation
      $5,780,000
      57,206 SF

      3035 Scenic S Hwy

      GROCERY, SUPERMARKET • 57,206 SF
      3035 Scenic S Hwy, Snellville, GA 30039-6802
      View Details

    Similar Nearby for Sale

    • $30,000
      0.16 Acres

      Land in Snellville near Lake

      Unimproved land lot in great location near lake.
      Wallace Cir, Snellville, GA 30039
      View Details
    • $399,900
      7.11 Acres

      Riverfront Estate Land Opportunity

      7.11 acre riverfront estate opportunity in Snellville, GA.
      4194 Rocky Ledge Way, Snellville, GA 30039
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    • $110,000
      0.89 Acres

      Residential Lot in Snellville, GA

      Residential lot with existing foundation in a sought-after location.
      3915 Laurel Brook Way, Snellville, GA 30039
      View Details
    • $91,500
      0.69 Acres

      Residential Land in Snellville, GA

      0.69 acre lot in a sought after Snellville neighborhood.
      3134 Manorside Way, Snellville, GA 30039
      View Details
    • $80,000
      0.63 Acres

      Wooded Lot in Snellville, GA

      0.63-acre wooded lot perfect for building a dream house.
      3840 Mountain Cove Rd, Snellville, GA 30039
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    • $1,350,000

      Prime Commercial Land Near Walmart

      C2 zoned land with high visibility and accessibility.
      4002 Zoar Church Rd, Snellville, GA 30039
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    Similar Nearby for Lease

    • $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
      2,500 SF

      Retail Space For Lease

      2,500 SF retail space available for lease.
      3641 Centerville Hwy, Snellville, GA 30039
      View Details
    • $13 SF/Yr

      Snellville Flex/Industrial Building For Lease

      Versatile flex/industrial building with office, storage, and drive-in doors.
      3630 Hewatt Ct Southwest, Snellville, GA 30039
      View Details
    • $14 SF/Yr
      10,584 SF

      Lenora Church Rd Office/Warehouse

      Gwinnett County Office & Warehouse Space Available
      3151 Lenora Church Rd, Snellville, GA 30039
      View Details
    • $12 SF/Yr
      13,463 SF

      Prime Flex Space Near Route 78

      13,463 SF Flex Space, 2,243 SF Vacant
      2121 Hewatt Rd, Snellville, GA 30039
      View Details
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    3840 Hwy 78th W
    Snellville, GA 30039-3935
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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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