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    6161 Norcross Tucker Rd Tucker, GA 30084
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    Property profile & analytics

    6161 Norcross Tucker Rd, Tucker, GA 30084

    View on Map
    • High-rise multifamily apartments
    • 3,360 SF
    • 6.35 lot acres
    Off-Market
    Property ID
    US22-1384600
    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
    $515,000
    Show details
    Cap Rate Potential
    8.3%
    High-rise multifamily apartments
    Location Intelligence

    Current Use by Public Records

    • High-rise multifamily apartments

    Property Details for 6161 Norcross Tucker Rd

    Year built
    1968
    Construction
    WOOD
    Lot size
    6.35 lot acres
    Zone code
    RM-MULTI-FAMILY RESIDENCE
    Property type
    High-rise multifamily apartments
    APN
    6-191 -015
    APU
    6191015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 1, 2014 — Place-harmony Glen Colonial Harmony Glen LP Quit Claim Deed · related —
    Aug 1, 2014 $1,584,800 Colonial Place-harmony Glen Harmony Glen LP Grant Deed · related $3.7M · Royal Bk/scotland Plc

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $695,000
      7%
      $645,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tucker
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2116
    Latitude
    33.8943
    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
    $147,457
    $1,106,440
    $2,973,560
    $4,080,000
    -
    $2,766,100
    $7,433,900
    $10,200,000

    Comparable in this City

    • Value Estimation
      $1,550,000
      14,112 SF

      6168 Old Norcross Tucker Rd

      HIGH-RISE APARTMENTS
      6168 Old Norcross Tucker Rd, Tucker, GA 30084
      View Details
    • Value Estimation
      $7,245,000
      79,645 SF

      2190 Northlake Pkwy

      HIGH-RISE APARTMENTS
      2190 Northlake Pkwy, Tucker, GA 30084-4115
      View Details
    • Value Estimation
      $24,020,000
      144,464 SF

      4358 Lynburn Dr

      HIGH-RISE APARTMENTS
      4358 Lynburn Dr, Tucker, GA 30084-4418
      View Details
    • Value Estimation
      $14,490,000
      86,695 SF

      2150 Northlake Pkwy

      HIGH-RISE APARTMENTS
      2150 Northlake Pkwy, Tucker, GA 30084-4114
      View Details
    • Value Estimation
      $900,000
      7,772 SF

      3665 Lawrenceville Hwy

      GARDEN APT, COURT APT (5+ UNITS)
      3665 Lawrenceville Hwy, Tucker, GA 30084-5846
      View Details
    • Value Estimation
      $1,620,000
      13,712 SF

      2680 Leeshire Rd

      GARDEN APT, COURT APT (5+ UNITS)
      2680 Leeshire Rd, Tucker, GA 30084
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      338,386 SF

      Multifamily Community in Northeast Atlanta

      320-unit multifamily community in Gwinnett County, Northeast Atlanta.
      6168 S Norcross Tucker Rd, Tucker, GA 30084
      View Details
    • Contact for pricing

      Tucker Condo Renovation Opportunity

      Two-bedroom, two-bath condo ideal for renovation and investment.
      5011 Woodridge Way, Tucker, GA 30084
      View Details
    • Contact for pricing

      Duplex in Convenient Location

      Duplex with established tenants, located between Norcross and Tucker.
      1157 Osceola Ct, Tucker, GA 30084
      View Details
    • $448,000
      0.37 Acres

      Tucker Duplex: Investment or Owner-Occupancy

      Well-maintained duplex in Tucker, GA, ideal for investors or owners.
      1217 Osceola Ct, Tucker, GA 30084
      View Details
    • $448,000
      0.37 Acres

      Move-In Ready Duplex in Tucker

      Well-maintained duplex perfect for investors or owner-occupants.
      1217 Osceola Ct, Tucker, GA 30084
      View Details
    • $1,100,000
      0.21 Acres

      Versatile Commercial Property in Tucker

      Prime commercial space with rental house in vibrant Tucker City.
      4297 Hugh Howell Rd, Tucker, GA 30084
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      30,000 SF Stand-Alone Building

      30,000 SF building with dock doors and office space.
      4980 Hammermill Rd, Tucker, GA 30084
      View Details
    • New
      $4,700 /Mo

      Versatile Commercial Space in Tucker

      4,000 sq ft commercial space ideal for various business uses.
      2027 Weems Rd, Tucker, GA 30084
      View Details
    • Contact for pricing
      119,070 SF

      Tucker Office Space Available

      Office building in Tucker, GA, offering 119,070 square feet.
      100 Crescent Center Pkwy, Tucker, GA 30084
      View Details
    • Contact for pricing

      Freestanding Restaurant in Tucker Retail

      Freestanding restaurant with drive-thru in Tucker's retail corridor.
      4094 Lawrenceville Hwy, Tucker, GA 30084
      View Details
    • Contact for pricing

      Tucker Industrial Property For Rent

      Industrial property with immediate access to I-85 and I-285.
      1840 Tucker Industrial Rd, Tucker, GA 30084
      View Details
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    Tucker, GA 30084
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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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    6161 Norcross Tucker Rd, Tucker, GA, 30084
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