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    519 Lawrenceville St NW Norcross, GA 30071
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    519 Lawrenceville St NW Norcross, GA 30071

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    • Assisted living facilities
    • 10,820 SF
    • 0.82 lot acres
    For Sale
    $3,400,000
    View Listing →
    Renovated Personal Care Home Facility For Sale
    $3,400,000
    10,820 SF

    Renovated Personal Care Home Facility

    25-unit personal care home on 0.82 acres in Norcross.

    519 Lawrenceville St NW, Norcross, GA 30071
    View Listing
    Property ID
    US22-4665118
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Enrich @ 519 - Senior Living / Nursing Home / Retirement Community
    • Teils Recreation Center / Counselor

    Property Details for 519 Lawrenceville St NW

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.82 lot acres
    Property size
    10,820 SF
    Zone code
    OI-OFFICE-INSTITUTIONAL
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    6-255 -093
    APU
    6255093

    Description

    This exceptional 25-unit personal care home, situated on 0.82 acres in Norcross, Georgia, presents a compelling investment opportunity. The 10,820 square foot, two-story building, constructed in 1987 and extensively renovated in 2024, boasts 24 personal care units and one respite suite, each with a private bathroom. Currently, 19 of the 25 units are occupied. The property features an elevator, an activity room, a patient call system, and updated LED lighting throughout. Seventeen units have undergone recent renovations, and the roof has been recently replaced. Security measures include electronic gate locks and video cameras, making it suitable for memory care. Located at 519 Lawrenceville St NW, this property benefits from high visibility on Buford Highway, with a daily traffic count of 44,282 vehicles. Its convenient location offers easy access to major highways while maintaining a quiet, residential setting in Norcross, a historic city in Gwinnett County. The property is zoned O-I and has a Gwinnett County APN of R6255-093. The asking price is $5,650,000. Please note that the property is fully furnished. Do not disturb tenants or management.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2044
    Latitude
    33.9457
    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
    $25,315
    $103,600
    $685,040
    $788,640
    -
    $259,000
    $1,712,600
    $1,971,600

    Comparable in this City

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      51 Peachtree St

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    • Value Estimation by Request
      2,921 SF

      2415 Beaver Ruin Rd Ste A

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    • Value Estimation
      $1,955,000
      13,019 SF

      5949 Buford Hwy

      MEDICAL BUILDING • 13,019 SF
      5949 Buford Hwy, Norcross, GA 30071-2472
      View Details
    • Value Estimation
      $675,000
      5,000 SF

      6185 Buford Hwy

      MEDICAL BUILDING • 5,000 SF
      6185 Buford Hwy, Peachtree Corners, GA 30071-2350
      View Details
    • Value Estimation
      $1,540,000
      5,820 SF

      5836 Buford Hwy

      MEDICAL BUILDING • 5,820 SF
      5836 Buford Hwy, Norcross, GA 30071-2581
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Renovated Personal Care Home Facility

      Recently renovated 25-unit personal care home on 0.82 acres.
      519 Lawrenceville St NW, Norcross, GA 30071
      View Details
    • Contact for pricing
      10,820 SF

      Renovated Personal Care Home Facility

      25-unit personal care home on 0.82 acres in Norcross.
      519 Lawrenceville St NW, Norcross, GA 30071
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    View Listing
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    Norcross, GA 30071
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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.

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    519 Lawrenceville St NW, Norcross, GA, 30071
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