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    Property profile & analytics

    6135 Jimmy Carter Blvd Norcross, GA 30071-4646

    • Warehouses
    • 38,590 SF
    • 10.71 lot acres
    OFF-MARKET
    Value Estimations
    $3,665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0925509
    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

    • Ecolab Equipment Care - GCS Service / Home Appliance Store
    • Tapatio Soccer / (Bike/Boat/Book/etc) Store
    • Dream Wireless / Electronics & Wireless Store / Mobile Phone Store
    • AMES Tools / Hardware & Home Improvement / Big Box & Wholesale Store
    • Element Garage Door Repair Services / Building Supply / General Contractor

    Property Details for 6135 Jimmy Carter Blvd

    Year built
    1983
    Lot size
    10.71 lot acres
    Property size
    38,590 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Warehouses
    APN
    R6223 037
    APU
    R6223037

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,720,000
      6.5%
      $4,360,000
      7%
      $4,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,233,000
      Market price range: $437k - $2.23M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,645,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2141
    Latitude
    33.9247
    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
    2024
    $321,488
    $1,259,640
    $7,616,600
    $8,876,240
    -
    $3,149,100
    $19,041,500
    $22,190,600

    Comparable in this City

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      6300 Atlantic Blvd

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    • Value Estimation
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      6250 Atlantic Blvd

      STORAGE YARD, OPEN STORAGE • 47,301 SF
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      View Details
    • Value Estimation
      $1,075,000
      56,080 SF

      2900 Mechanicsville Rd

      STORAGE YARD, OPEN STORAGE • 56,080 SF
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    • Value Estimation
      $6,405,000
      80,000 SF

      6175 Northbelt Pkwy

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      6175 Northbelt Pkwy, Norcross, GA 30071-4647
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    • Value Estimation
      $9,440,000
      92,549 SF

      1870 Beaver Rdg Cir

      STORAGE YARD, OPEN STORAGE • 92,549 SF
      1870 Beaver Rdg Cir, Norcross, GA 30071-3833
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,482 SF

      Norcross Warehouse Space Available

      7,594 SF warehouse space with dock high doors.
      6725 Jimmy Carter Blvd, Norcross, GA 30071
      View Details
    • $2,790,000
      28,004 SF

      Prime Peachtree Corners Office-Warehouse

      28,004 SF Flex Space, Value-Add Opportunity
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    • $2,995,000
      15,500 SF

      Norcross Flex Warehouse For Sale

      Flex warehouse on 2.43 acres near major interstates.
      853 S Peachtree St, Norcross, GA 30071
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    • Contact for pricing
      1.44 Acres

      Peachtree Corners Commercial Space Available

      Office and warehouse space for rent in Peachtree Corners.
      7078 Peachtree Industrial Blvd, Peachtree Corners, GA 30071
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    • Contact for pricing
      106,455 SF

      Industrial Space with Cranes

      42,849 SF industrial space featuring cranes and ample parking.
      955 Norcross Industrial Ct, Norcross, GA 30071
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    • $1,367,800
      4,280 SF

      Norcross Warehouse: Prime I-85 Location

      Industrial Warehouse - 4,280 SF, $1.37M
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    Similar Nearby for Lease

    • Contact for pricing
      70,500 SF

      Industrial Space on Peachtree Boulevard

      19,500 SF industrial space available for lease now.
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      25,964 SF

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      View Details
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      Adaptable Commercial Space For Lease

      Versatile commercial space with flexible floor plans and high ceilings.
      Norcross, GA 30071
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      15,311 SF

      Norcross Flex Space: I-85 Access

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      View Details
    • Contact for pricing
      31,946 SF

      Freestanding Industrial Building Available 2025

      31,946 SF industrial building in Technology Park setting.
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      View Details
    • Contact for pricing
      36,935 SF

      Industrial Space on Peachtree Boulevard

      4,571 SF industrial space with frontage on Peachtree Industrial Blvd.
      5150 Peachtree Industrial Blvd, Norcross, GA 30071
      View Details
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    Norcross, GA 30071-4646
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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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