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    Property profile & analytics

    485 Buford Dr Lawrenceville, GA 30046

    • Warehouses
    • 42,200 SF
    • 5.24 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Mar 20, 2024
    $8,150,000
    Value Estimations
    $8,150,000
    Cap Rate Potential
    3.8%
    Warehouses
    Location Intelligence
    Property ID
    US22-0872272
    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

    • Southeast Janitorial Supplies | www.southeastjanitorialsupplies.com / Office Supply Store / Paper Distributor
    • HP Home Improvements llc / Construction Company
    • Greenlee Plumbing Inc / Plumber
    • Furniture Repair / Furniture Repair Shop
    • Rodriguez MMA / Boxing Gym / Gym

    Property Details for 485 Buford Dr

    Year built
    1998
    Lot size
    5.24 lot acres
    Property size
    42,200 SF
    Zone code
    LM-LIGHT MANUFACTURING
    Property type
    Warehouses
    APN
    R5176 055
    APU
    R5176055

    Description

    This Gwinnett County industrial property at 485 Buford Drive in Lawrenceville, GA (zip code 30046) offers 66,400 square feet of flexible warehouse space across two single-story buildings. Built in 1998, this Class C property sits on 5.24 acres and is zoned LM. The property features multiple tenancies with a minimum divisible space of 1,000 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,150,000
      ML approach
      $8,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9842
    Latitude
    33.9714
    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
    2024
    $38,400
    $226,360
    $973,640
    $1,200,000
    -
    $565,900
    $2,434,100
    $3,000,000

    Comparable in this City

    • Value Estimation
      $340,000
      7,280 SF

      553 Seaboard Industrial Dr

      STORAGE YARD, OPEN STORAGE • 7,280 SF
      553 Seaboard Industrial Dr, Lawrenceville, GA 30046-4671
      View Details
    • Value Estimation
      $300,000
      440 SF

      100 Crogan St

      STORAGE YARD, OPEN STORAGE • 440 SF
      100 Crogan St, Lawrenceville, GA 30046-4950
      View Details
    • Value Estimation
      $400,000
      131,273 SF

      950 Raco Dr

      STORAGE YARD, OPEN STORAGE • 131,273 SF
      950 Raco Dr, Lawrenceville, GA 30046-4307
      View Details
    • Value Estimation
      $570,000
      28,620 SF

      135 Industrial Park Cir

      STORAGE YARD, OPEN STORAGE • 28,620 SF
      135 Industrial Park Cir, Lawrenceville, GA 30046-4697
      View Details
    • Value Estimation
      $265,000
      11,000 SF

      740 Briscoe Blvd

      STORAGE YARD, OPEN STORAGE • 11,000 SF
      740 Briscoe Blvd, Lawrenceville, GA 30046-6739
      View Details
    • Value Estimation by Request
      357,652 SF

      2520 Riverside Pkwy

      STORAGE YARD, OPEN STORAGE • 357,652 SF
      2520 Riverside Pkwy, Lawrenceville, GA 30046-3339
      View Details

    Similar Nearby for Sale

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      Lawrenceville Industrial Facility For Sale

      91,596 SF industrial facility in Lawrenceville, GA available for purchase.
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      Turn-Key Brewery: Lawrenceville, GA

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    • $899,000
      2,856 SF

      335 Pike St, Lawrenceville, GA 30046

      Commercial real estate • 2,856 SF
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      Lawrenceville Office Building - Prime Location

      All-brick office building, 1897 sq ft, high visibility.
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    • $599,000
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      Lawrenceville Office Building For Sale

      Well-maintained office building with flexible layout and recent renovations.
      494 W Crogan St, Lawrenceville, GA 30046
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    Similar Nearby for Lease

    • Contact for pricing
      14,858 SF

      Lawrenceville Warehouse with AC Lot

      14,858 SF building on 10.80 AC lot near Highway 316/29.
      540 Hosea Rd, Lawrenceville, GA 30046
      View Details
    • $16 SF/Yr
      17,000 SF

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      Distribution properties • 17,000 SF
      390 Pike St, Lawrenceville, GA 30046
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    • $18 SF/Yr
      66,400 SF

      Lawrenceville Industrial Warehouse Space

      66,400 SF Flex Warehouse, Gwinnett County
      485 Buford Dr, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      178,904 SF

      Lawrenceville Industrial Space Available

      64,714 SF industrial space available for lease in July 2025.
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      View Details
    • Contact for pricing
      326,350 SF

      Sugarloaf Logistics Hub Development

      Master-planned industrial park with flexible spaces and various amenities.
      5030 Sugarloaf Pkwy, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      6 SF

      Lawrenceville Land with Container Spaces

      6.70 AC property with 238 container spaces for rent.
      350 Equipment Ct, Lawrenceville, GA 30046
      View Details
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    Lawrenceville, GA 30046
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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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