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Property profile & analytics
OFF-MARKET
Estimated value
$3,880,000
Office buildings
605 Old Norcross Rd Lawrenceville, GA 30046-4315
Entity Owned
22-yr Hold
Free & Clear
Property ID
US22-1014946
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
18,240 SF
Lot
1.64 ac (71,438 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
5-144 -158
UPID
US22-1014946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gwinnett Supply Company LLC Big Box & Wholesale Store
-
DR. PIYUSH PATEL, MD Physician Medical Clinic
-
Shah Kirti MD Physician Medical Clinic
-
Enworom C Physician
-
Nephron Corporation: Gwinnett Dialysis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.01M
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$3.88M
Owner & transaction history
KIKASHA INVESTMENT FLP
KIKASHA INVESTMENT FLP
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.4M
+44.5%
Medical building
$6.0M
+35.8%
Retail stores
$4.9M
+10.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lawrenceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrenceville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,340,000
6.5%
$4,010,000
7%
$3,720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,450,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,430,000
Change: +44% · Conversion: Easy
MEDICAL BUILDING
$6,045,000
Change: +36% · Conversion: Easy
RETAIL STORES
$4,925,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,805,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,985,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$3.88M
Range $3.49M – $4.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$213 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$41,627
Tax year 2023
Assessed value
$2,234,720
Assessed 2023
Previous assessed
$2,234,720
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$342,920
Assessed improvement
$1,891,800
Land market value
$857,300
Improvement market value
$4,729,500
Total market value
$5,586,800
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Total area
18,240 SF
Lot
1.64 ac (71,438 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
5-144 -158
UPID
US22-1014946
Jurisdiction
GWINNETT
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Lawrenceville, GA
Zoning OI-OFFICE-INSTITUTIONAL · permitted uses
OI-OFFICE-INSTITUTIONAL · Lawrenceville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawrenceville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
KIKASHA INVESTMENT FLP
Individual
Free & Clear · 0 yrs held
Mailing address
605 OLD NORCROSS RD, LAWRENCEVILLE, GA 30046-4315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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