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    Property profile & analytics

    4975 Jimmy Carter Blvd Norcross, GA 30093-3520

    • Outlet malls
    • 152,276 SF
    • 14.28 lot acres
    OFF-MARKET
    Value Estimations
    $15,515,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0083175
    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

    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Walmart Pet Services / Kennel & Boarding Facility
    • Techy Norcross - Inside Walmart - Buy/Repair/Sell - Best in Accessories, Devices & Repairs / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Walmart House Cleaning Services / Hardware & Home Improvement
    • Nattima Pranayanantn / Pharmacy

    Property Details for 4975 Jimmy Carter Blvd

    Year built
    2013
    Lot size
    14.28 lot acres
    Property size
    152,276 SF
    Zone code
    C2-GENERAL BUSINESS
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    6-169 -135
    APU
    6169135

    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
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.1945
    Latitude
    33.8948
    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
    $185,073
    $1,679,480
    $3,470,920
    $5,150,400
    -
    $4,198,700
    $8,677,300
    $12,876,000

    Comparable in this City

    • Value Estimation
      $14,175,000
      141,284 SF

      1887 Willow Trl Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 141,284 SF
      1887 Willow Trl Pkwy, Norcross, GA 30093-2648
      View Details
    • Value Estimation
      $11,045,000
      110,079 SF

      4136 Jimmy Carter Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 110,079 SF
      4136 Jimmy Carter Blvd, Norcross, GA 30093-5211
      View Details
    • Value Estimation
      $5,900,000
      71,648 SF

      6694 Dawson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 71,648 SF
      6694 Dawson Blvd, Norcross, GA 30093-1052
      View Details
    • Value Estimation
      $13,600,000
      153,790 SF

      6288 Dawson Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 153,790 SF
      6288 Dawson Blvd, Norcross, GA 30093-1201
      View Details
    • Value Estimation
      $4,715,000
      36,522 SF

      5475 Jimmy Carter Blvd

      SHOPPING CENTER, STRIP CENTER • 36,522 SF
      5475 Jimmy Carter Blvd, Norcross, GA 30093-1512
      View Details
    • Value Estimation
      $4,330,000
      38,426 SF

      4142 Jimmy Carter Blvd

      SHOPPING CENTER, STRIP CENTER • 38,426 SF
      4142 Jimmy Carter Blvd, Norcross, GA 30093-7400
      View Details

    Similar Nearby for Sale

    • $2,800,000
      13,920 SF

      Renovated Building in Prime Location

      Recently renovated commercial building in a high-traffic area.
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    • New
      $750,000
      0.51 Acres

      Commercial Lot with C5 Zoning

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      19,440 SF

      Norcross Showroom Building For Sale

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      78,528 SF

      Industrial Space Available For Sale

      22,848 SF industrial space available in Norcross, Georgia.
      6544 Warren Dr, Norcross, GA 30093
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    • $1,595,000

      Office and Production Space Available

      7,500± SF office/production space with warehouse and convenient access.
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    • $84,900
      0.69 Acres

      Residential Land in Desirable Area

      0.69 acre lot ready for your dream home.
      1034 Redwood Ct, Norcross, GA 30093
      View Details

    Similar Nearby for Lease

    • $12,800 /Mo

      Norcross Event Hall For Lease

      9,000 SF event hall in prime location for lease.
      4142 Jimmy Carter Blvd, Norcross, GA 30093
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease at 4487 Park Drive.
      4487 Park Dr, Norcross, GA 30093
      View Details
    • Contact for pricing

      Norcross Multi-Tenant Building For Rent

      Multi-tenant building in Norcross with office and warehouse space.
      4317 Park Dr, Norcross, GA 30093
      View Details
    • Contact for pricing

      Convenient Access to I-85

      Commercial property for rent with immediate access to I-85.
      6500 Mcdonough Dr NW, Norcross, GA 30093
      View Details
    • Contact for pricing

      Norcross Commercial Property For Rent

      Commercial property in Norcross, GA, with excellent connectivity.
      1780 Corporate Dr, Norcross, GA 30093
      View Details
    • Contact for pricing
      33,908 SF

      Adaptable Industrial Facility Available

      Well-equipped facility with offices, showroom, and plant production area.
      4090 Steve Reynolds Blvd, Norcross, GA 30093
      View Details
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    Norcross, GA 30093-3520
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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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