555 Old Norcross Rd Lawrenceville, GA 30046-8716
Property profile & analytics
555 Old Norcross Rd Lawrenceville, GA 30046-8716
- Medical Office Space
- 27,296 SF
- 1.24 lot acres
Property ID
US22-0457137
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.
Location Intelligence
Current Use by Public Records
- Balanced Life Health Care Solutions LLC / Physician
- Tran Doan T DDS / Dental Office
- Dr. Nadia Cameron / Pediatrician / Physician
- Dr. James B. Livingston, DPM, FACFAS / Physician
- Tonita Washington DNP, FNP-BC / Medical Clinic
Property Details for 555 Old Norcross Rd
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 1.24 lot acres
- Property size
- 27,296 SF
- Zone code
- OI-OFFICE-INSTITUTIONAL
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 5-144 -071
- APU
- 5144071
Description
This exceptional investment opportunity presents two Class B office buildings totaling 38,478 square feet situated on a 2.37-acre lot in Lawrenceville, Georgia's thriving medical corridor. The property boasts 100% occupancy with eight tenants, generating a strong net operating income (NOI) of $454,037 and a 6.68% cap rate. Built in 1994, the two-story buildings offer 36,543 square feet of net rentable space, with a desirable 4.3 parking spaces per 1,000 square feet. The asking price is $6,800,000, translating to $176.72 per square foot. Currently leased under a modified lease structure, the property features a mix of medical and traditional office tenants. Located at 555-565 Old Norcross Road, the property benefits from its strategic location in the Northside Gwinnett Hospital corridor, at the intersection of Old Norcross Road and Duluth Highway, and is zoned HM, allowing for diverse uses. Rent bumps are included in the lease agreements, ensuring future income growth. This stabilized investment offers a compelling opportunity for long-term growth and stable returns in a high-demand market. The property's strong occupancy, favorable lease terms, and prime location make it an attractive asset for discerning investors.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lawrenceville
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.0069
- Latitude
- 33.9595
- 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
$33,384
$259,280
$1,727,120
$1,986,400
-
$648,200
$4,317,800
$4,966,000
