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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    620 Pike St Lawrenceville, GA 30046-7699

    • Drug stores
    • 10,318 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2022
    $58,071
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1252394
    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

    • CVS / Perfume Store / Stationery Store
    • MoneyGram / Money Transfer Service
    • Redbox / Movie Rental Kiosk / Dvd Store
    • CDReload - Online Bitcoin ATM / Money Transfer Service / Atm
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service

    Property Details for 620 Pike St

    Year built
    1999
    Lot size
    1.50 lot acres
    Property size
    10,318 SF
    Zone code
    BG-GENERAL BUSINESS
    Property type
    Drug stores
    APN
    7-009 -006
    APU
    7009006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.0088
    Latitude
    33.9646
    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
    $17,989
    $74,800
    $485,600
    $560,400
    -
    $187,000
    $1,214,000
    $1,401,000

    Comparable in this City

    • Value Estimation
      $1,355,000
      10,318 SF

      202 Grayson Hwy

      DRUG STORE, PHARMACY • 10,318 SF
      202 Grayson Hwy, Lawrenceville, GA 30046-5737
      View Details
    • Value Estimation
      $2,025,000
      15,048 SF

      181 Clayton St

      DRUG STORE, PHARMACY • 15,048 SF
      181 Clayton St, Lawrenceville, GA 30046-5716
      View Details
    • Value Estimation
      $555,000
      9,700 SF

      235 Crogan St

      FINANCIAL BUILDING • 9,700 SF
      235 Crogan St, Lawrenceville, GA 30046-4863
      View Details
    • Value Estimation by Request
      7,550 SF

      291 Scenic Hwy

      FINANCIAL BUILDING • 7,550 SF
      291 Scenic Hwy, Lawrenceville, GA 30046
      View Details
    • Value Estimation
      $1,100,000
      2,046 SF

      187 Scenic Hwy

      CONVENIENCE STORE • 2,046 SF
      187 Scenic Hwy, Lawrenceville, GA 30046-5730
      View Details
    • Value Estimation by Request
      4,907 SF

      690 Collins Hl Rd

      FINANCIAL BUILDING • 4,907 SF
      690 Collins Hl Rd, Lawrenceville, GA 30046-4461
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Downtown Lawrenceville Retail Gem

      Prime 2,400 sq ft retail building
      193 Pike St, Lawrenceville, GA 30046
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    • $1,750,000
      4,400 SF

      Turnkey Auto Shop - Lawrenceville, GA

      Fully renovated auto repair shop, great location.
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    • Contact for pricing
      0.28 Acres

      bathroom

      reception area
      330 Clayton St, Lawrenceville, GA 30046
      View Details
    • $1,500,000
      10,670 SF

      Historic Downtown Lawrenceville Church

      10,670 SF Church, $1.5M, 100+ Parking
      161 Perry St, Lawrenceville, GA 30046
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    • $650,000
      0.95 Acres

      Prime Lawrenceville Commercial Lot

      .95-acre lot, double road frontage, high traffic area.
      317 Phillips St, Lawrenceville, GA 30046
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    • $1,600,000
      1.51 Acres

      Downtown Lawrenceville Commercial Land

      1.51 Acres, Prime Commercial Location
      335 Pike St, Lawrenceville, GA 30046
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Pad Sites in Lawrenceville

      Shop space and pad site opportunity near GA-316 interchange.
      675 Buford Dr, Lawrenceville, GA 30046
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    • Contact for pricing
      10,419 SF

      Lawrenceville Retail Space Available

      Retail property available for lease in Lawrenceville, Georgia.
      589 W Pike St, Lawrenceville, GA 30046
      View Details
    • $17 SF/Yr
      3,600 SF

      Lawrenceville Hwy Retail Spaces

      High-traffic retail spaces available.
      1154 Lawrenceville Hwy, Lawrenceville, GA 30046
      View Details
    • Contact for pricing

      Kohl's Pad Site For Lease

      Prominent 1.45 acre outparcel adjacent to Walmart.
      640 Collins Hill Rd, Lawrenceville, GA 30046
      View Details
    • $192 SF/Yr
      145,000 SF

      Lawrenceville Square: Class A Office Space

      Prime Gwinnett County location, medical & creative office suites.
      134 Clayton St, Lawrenceville, GA 30046
      View Details
    • Contact for pricing
      50,540 SF

      Grayson Hwy Retail Center

      Prime Lawrenceville Retail Space Available
      250 Grayson Hwy, Lawrenceville, GA 30046
      View Details
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    620 Pike St
    Lawrenceville, GA 30046-7699
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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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