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    4977 Lanier Iss Pkwy Buford, GA 30518-9048
    Property profile & analytics

    4977 Lanier Iss Pkwy, Buford, GA 30518-9048

    View on Map
    • Strip malls
    • 23,470 SF
    • 2.40 lot acres
    Off-Market
    Property ID
    US22-0299294
    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.
    Value Estimations
    $2,970,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 4977 Lanier Iss Pkwy

    Year built
    2001
    Lot size
    2.40 lot acres
    Zone code
    C-II
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    08-157A-000-020
    APU
    08157A000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 28, 2015 $3,000,000 Wagner Friendship Shoppes LLC Brc Friendship LLC Grant Deed $2.4M · Piedmont Bk
    Oct 28, 2015 — Wagner Friendship Shoppes LLC Brc Friendship LLC Quit Claim Deed · related —
    Mar 18, 2013 $2,570,000 Brc Friendship LLC Cre 2011-2 Reo Ga-retail LLC Grant Deed $2.6M · Branch Banking & Trust Co
    Aug 16, 2012 $3,600,000 Cre 2011-2 Reo Ga-retail LLC Jw LLC Trustees Deed —
    May 12, 2011 $3,869,300 Jw LLC F & M Shoppes At Friendship LLC Grant Deed —
    Sep 20, 2005 $3,869,300 Jw LLC F & M Friendship Village LLC Grant Deed $6M · Park Avenue Bk
    — — Wagner Friendship Shoppes LLC — Loan Modification · related $1.7M · Piedmont Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,635,000
      Current use
      AUTO REPAIR, GARAGE
      $4,905,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $4,670,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $3,760,000
      Change: +3% Conversion: Moderate
      WAREHOUSE, STORAGE
      $3,695,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $3,600,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Buford
    County
    Hall
    State
    Georgia
    Longitude
    -83.957
    Latitude
    34.1451
    CBSA code
    23580
    CBSA name
    GAINESVILLE, 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
    $32,622
    $489,934
    $1,066,846
    $1,556,780
    -
    $1,224,836
    $2,667,114
    $3,891,950

    Comparable in this City

    • Value Estimation
      $10,880,000
      80,309 SF

      5885 Cumming Hwy

      SHOPPING CENTER, STRIP CENTER
      5885 Cumming Hwy, Sugar Hill, GA 30518-5765
      View Details
    • Value Estimation
      $715,000
      5,000 SF

      912 Gainesville Hwy

      SHOPPING CENTER, STRIP CENTER
      912 Gainesville Hwy, Buford, GA 30518-1687
      View Details
    • Value Estimation
      $1,610,000
      11,760 SF

      5370 Lanier Iss Pkwy

      SHOPPING CENTER, STRIP CENTER
      5370 Lanier Iss Pkwy, Buford, GA 30518-9068
      View Details
    • Value Estimation
      $2,075,000
      20,400 SF

      3280 Mcever Rd

      SHOPPING CENTER, STRIP CENTER
      3280 Mcever Rd, Buford, GA 30518-1589
      View Details
    • Value Estimation
      $7,200,000
      58,252 SF

      1550 Buford Hwy

      SHOPPING CENTER, STRIP CENTER
      1550 Buford Hwy, Buford, GA 30518-3666
      View Details
    • Value Estimation
      $2,310,000
      15,600 SF

      922 Gainesville Hwy

      SHOPPING CENTER, STRIP CENTER
      922 Gainesville Hwy, Buford, GA 30518-1642
      View Details

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      Commercial Corner Lot on Highway

      Highly visible commercial lot with highway frontage and business potential.
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    • Contact for pricing
      2,975 SF

      3.27 Acres on Buford Highway

      3.27 acres with road frontage near Highway 20 in Buford.
      1405 Buford Hwy, Buford, GA 30518
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lanier Islands Parkway Retail Center

      23,450 sq ft shopping center near Lake Lanier.
      4977 Lanier Islands Pkwy, Buford, GA 30518
      View Details
    • Contact for pricing

      Retail Center in Buford, GA

      Retail center with national tenants in Buford, Georgia.
      1605 Buford Hwy NE, Buford, GA 30518
      View Details
    • Contact for pricing

      High-Traffic Shopping Center Space Available

      Retail space in a shopping center with national co-tenants.
      4125 Ga Hwy 20, Buford, GA 30518
      View Details
    • Contact for pricing

      Buford Commercial Spaces for Lease

      Commercial spaces available for lease in Buford, Georgia.
      2390 Satellite Blvd, Buford, GA 30518
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    • Contact for pricing
      2,800 SF

      Retail Space in Sugar Hill

      Retail space available for lease in Sugar Hill, Georgia.
      5021 Nelson Brogdon Blvd, Sugar Hill, GA 30518
      View Details
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    Buford, GA 30518-9048
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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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