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

    436 Summerour St Norcross, GA 30071-3966

    • Residential income homes
    • 1,700 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2024
    $335,000
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    7.4%
    Residential income homes
    Location Intelligence
    Property ID
    US22-4598016
    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

    • Residential income homes

    Property Details for 436 Summerour St

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    1,700 SF
    Zone code
    AB3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    6-242 -118
    APU
    6242118

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $335,000
      ML approach
      $335,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $380,000
      7%
      $355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2059
    Latitude
    33.9405
    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
    $3,467
    $30,480
    $77,520
    $108,000
    -
    $76,200
    $193,800
    $270,000

    Comparable in this City

    • Value Estimation by Request
      1,496 SF

      120 Summerour Way

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,496 SF
      120 Summerour Way, Norcross, GA 30071-3968
      View Details
    • Value Estimation by Request
      2,128 SF

      1973 Beaver Spgs Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,128 SF
      1973 Beaver Spgs Ln, Norcross, GA 30071-3719
      View Details
    • Value Estimation by Request
      4,144 SF

      2052 Beaver Spgs Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,144 SF
      2052 Beaver Spgs Ln, Norcross, GA 30071-3738
      View Details
    • Value Estimation by Request
      4,144 SF

      2002 Beaver Spgs Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,144 SF
      2002 Beaver Spgs Ln, Norcross, GA 30071-3700
      View Details
    • Value Estimation by Request
      4,144 SF

      2098 Beaver Spgs Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,144 SF
      2098 Beaver Spgs Ln, Norcross, GA 30071-3747
      View Details
    • Value Estimation by Request
      2,842 SF

      2103 Beaver Spgs Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,842 SF
      2103 Beaver Spgs Ln, Norcross, GA 30071-3749
      View Details

    Similar Nearby for Sale

    • $5,650,000
      10,820 SF

      Metro Atlanta Personal Care Home

      25-Unit Senior Living Facility, $5.65M
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    • $300,000

      Turnkey Townhome Near Downtown Norcross

      Meticulously maintained 3-bedroom, 2.5-bathroom townhome with upgrades and convenient location.
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    • $399,900

      Charming Peachtree Corners Townhome

      Townhome in Peachtree Corners with open floorplan and private patio.
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    • $1,599,000
      0.87 Acres

      Norcross, GA Land For Sale

      Land available for new construction in Norcross, Georgia.
      505 Cochran Dr, Norcross, GA 30071
      View Details
    • $399,900
      0.51 Acres

      Prime Norcross Commercial Land

      0.51-acre Buford Hwy Outparcel
      5596 Buford Hwy, Norcross, GA 30071
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    • $2,200,000

      Norcross Land: Prime Development Site

      4.4 Acres, R3 Zoning, $2.2M
      782 Holcomb Bridge Rd, Norcross, GA 30071
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,214 SF

      Spacious Condo with Modern Amenities

      Well-maintained 2-bedroom condo with modern kitchen and ensuite bathrooms.
      204 Summer Pl, Norcross, GA 30071
      View Details
    • Contact for pricing
      2,150 SF

      Norcross Office Space for Lease

      Prime Gwinnett County Office Space Available
      5990 Unity Dr, Norcross, GA 30071
      View Details
    • $20 SF/Yr
      36,225 SF

      Avalon Center Office Suites

      Prime Peachtree Corners Office Space
      3145 Avalon Ridge Pl, Peachtree Corners, GA 30071
      View Details
    • $8 SF/Yr
      22,654 SF

      Norcross Office Space Available

      Modern Office Suites in Gwinnett County
      5380 Peachtree Industrial Blvd, Norcross, GA 30071
      View Details
    • Contact for pricing
      101,207 SF

      Prime Norcross Executive Office Space

      1,415 - 58,136 SF Available
      3091 Governors Lake Dr, Peachtree Corners, GA 30071
      View Details
    • Contact for pricing
      68,229 SF

      Industrial Space in Peachtree Corners

      68,229 SF industrial property available for rent.
      3025 Northwoods Pkwy, Peachtree Corners, GA 30071
      View Details
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    436 Summerour St
    Norcross, GA 30071-3966
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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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