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

    505 Scenic Hwy Lawrenceville, GA 30045

    • Commercial real estate
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1311757
    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

    • Commercial real estate

    Property Details for 505 Scenic Hwy

    Lot size
    0.64 lot acres
    Property type
    Commercial real estate
    APN
    R5116 075

    Description

    This exceptional 0.64-acre commercial and residential land parcel presents a compelling investment opportunity in Lawrenceville, Georgia. Located at 505 Scenic Highway South, this fee-simple property boasts a highly desirable location on Scenic Highway (Highway 124), a major thoroughfare experiencing high traffic volume. Its strategic position sits just south of Gwinnett Drive and north of Moon Road, ensuring excellent visibility and accessibility. The property's APN is R5116 075, and its permitted zoning is residential, offering flexibility for various development plans. The asking price is $225,000. This prime location makes it ideal for a range of commercial ventures or residential development, capitalizing on the area's growth and strong traffic patterns. The property's 0.64 acres provide ample space for building and development. Serious inquiries are encouraged to explore the potential of this exceptional land parcel. The zip code is 30045, and the property is situated in Gwinnett County.

    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
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.995651266245
    Latitude
    33.931549304852

    Comparable in this City

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      Lawrenceville Land with Income Potential

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    • $399,000
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      Prime Lawrenceville Development Land

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      Residential Land in Gated Community

      Residential land in a gated community near Tribble Mill Park.
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    • $120,000
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      Residential Lot in Great River

      0.25-acre residential lot in Lawrenceville's Great River community.
      1268 Side Step Trce, Lawrenceville, GA 30045
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    • $703,804
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      Prime Lawrenceville Commercial Land

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      0 Ga-124, Lawrenceville, GA 30045
      View Details

    Similar Nearby for Sale

    • $650,000
      23.79 Acres

      Residential Land in Lawrenceville, GA

      23.79 acres of private, wooded residential land for sale.
      3269 Callie Still Rd, Lawrenceville, GA 30045
      View Details
    • $10,000,000
      Pending

      Lawrenceville Land with Income Potential

      42-acre estate with income-producing dwellings, development potential, convenient location.
      928 Grayson New Hope Rd, Lawrenceville, GA 30045
      View Details
    • $399,000
      0.79 Acres

      Prime Lawrenceville Development Land

      0.79-acre commercial lot, build-to-suit.
      800 Buford Dr, Lawrenceville, GA 30045
      View Details
    • $149,900
      0.59 Acres

      Residential Land in Gated Community

      Residential land in a gated community near Tribble Mill Park.
      1118 Great Glen Way, Lawrenceville, GA 30045
      View Details
    • $120,000
      Pending

      Residential Lot in Great River

      0.25-acre residential lot in Lawrenceville's Great River community.
      1268 Side Step Trce, Lawrenceville, GA 30045
      View Details
    • $1,350,000

      Lawrenceville Commercial Development Opportunity

      3.23-acre site zoned BG for diverse commercial uses.
      639 Winder Hwy, Lawrenceville, GA 30045
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    Similar Nearby for Lease

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      Commercial Land in Mixed-Use Development

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      33,598 SF

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      2,000 SF

      Retail Space on Grayson Highway

      Retail space available in affluent Lawrenceville market.
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      322,258 SF

      Lawrenceville Retail Center Opportunity

      Prime Gwinnett County retail space available.
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      223,233 SF

      Snellville Exchange Retail Space

      Prime Lawrenceville Retail Opportunity
      1200 Scenic Hwy, Lawrenceville, GA 30045
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      66,415 SF

      The Village Shoppes at Simonton

      Publix-anchored retail center; spaces available
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    505 Scenic Hwy
    Lawrenceville, GA 30045
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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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