Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6885 Jimmy Carter Blvd Norcross, GA 30071-1226

    • High-rise multifamily apartments
    • 3,696 SF
    • 3.81 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2021
    $5,000,000
    Value Estimations
    $5,045,000
    Show details
    Cap Rate Potential
    2.5%
    High-rise multifamily apartments
    Location Intelligence
    Property ID
    US22-1170024
    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

    • The Perry Residences / Real Estate Agency

    Property Details for 6885 Jimmy Carter Blvd

    Year built
    2023
    Construction
    WOOD
    Lot size
    3.81 lot acres
    Property size
    3,696 SF
    Zone code
    AA012
    Property type
    High-rise multifamily apartments
    APN
    6-275 -016
    APU
    6275016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $3,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,387,000
      Market price range: $3.28M - $6.39M
      AI Estimate
      $4,994,000
      Market price range: $728k - $4.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Norcross
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.2382
    Latitude
    33.9436
    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
    $101,125
    $419,120
    $2,731,200
    $3,150,320
    -
    $1,047,800
    $6,828,000
    $7,875,800

    Comparable in this City

    • Value Estimation by Request
      243,470 SF

      141 Holcomb Brg Rd

      HIGH-RISE APARTMENTS • 243,470 SF
      141 Holcomb Brg Rd, Norcross, GA 30071-2091
      View Details
    • Value Estimation
      $4,815,000
      5,760 SF

      209 Meadowood Cmns

      HIGH-RISE APARTMENTS • 5,760 SF
      209 Meadowood Cmns, Norcross, GA 30071-4554
      View Details
    • Value Estimation
      $21,320,000
      25,728 SF

      5651 Brk Holw Pkwy

      HIGH-RISE APARTMENTS • 25,728 SF
      5651 Brk Holw Pkwy, Norcross, GA 30071-3526
      View Details
    • Value Estimation
      $15,775,000
      19,088 SF

      2445 Beaver Ruin Rd

      HIGH-RISE APARTMENTS • 19,088 SF
      2445 Beaver Ruin Rd, Norcross, GA 30071-4109
      View Details
    • Value Estimation
      $24,115,000
      22,208 SF

      3200 Lk Colony Dr

      HIGH-RISE APARTMENTS • 22,208 SF
      3200 Lk Colony Dr, Peachtree Corners, GA 30071-1023
      View Details
    • Value Estimation
      $4,045,000
      3,896 SF

      275 Summerour St

      HIGH-RISE APARTMENTS • 3,896 SF
      275 Summerour St, Norcross, GA 30071-3902
      View Details

    Similar Nearby for Sale

    • $5,650,000
      10,820 SF

      Metro Atlanta Personal Care Home

      25-Unit Senior Living Facility, $5.65M
      519 Lawrenceville St, Norcross, GA 30071
      View Details
    • $399,900

      Charming Peachtree Corners Townhome

      Townhome in Peachtree Corners with open floorplan and private patio.
      2957 Smith Ridge Trce, Peachtree Corners, GA 30071
      View Details
    • $300,000

      Turnkey Townhome Near Downtown Norcross

      Meticulously maintained 3-bedroom, 2.5-bathroom townhome with upgrades and convenient location.
      5352 Beaver Br, Norcross, GA 30071
      View Details
    • $1,599,000
      0.87 Acres

      Norcross, GA Land For Sale

      Land available for new construction in Norcross, Georgia.
      505 Cochran Dr, Norcross, GA 30071
      View Details
    • $1,367,800
      4,280 SF

      Norcross Warehouse: Prime I-85 Location

      Industrial Warehouse - 4,280 SF, $1.37M
      5942 Goshen Springs Rd, Norcross, GA 30071
      View Details
    • 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
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,214 SF

      Spacious Condo with Modern Amenities

      Well-maintained 2-bedroom condo with modern kitchen and ensuite bathrooms.
      204 Summer Pl, Norcross, GA 30071
      View Details
    • $20 SF/Yr
      36,225 SF

      Avalon Center Office Suites

      Prime Peachtree Corners Office Space
      3145 Avalon Ridge Pl, Peachtree Corners, GA 30071
      View Details
    • Contact for pricing
      101,207 SF

      Prime Norcross Executive Office Space

      1,415 - 58,136 SF Available
      3091 Governors Lake Dr, Peachtree Corners, GA 30071
      View Details
    • $8 SF/Yr
      22,654 SF

      Norcross Office Space Available

      Modern Office Suites in Gwinnett County
      5380 Peachtree Industrial Blvd, Norcross, GA 30071
      View Details
    • Contact for pricing
      2,150 SF

      Norcross Office Space for Lease

      Prime Gwinnett County Office Space Available
      5990 Unity Dr, Norcross, GA 30071
      View Details
    • Contact for pricing
      68,229 SF

      Industrial Space in Peachtree Corners

      68,229 SF industrial property available for rent.
      3025 Northwoods Pkwy, Peachtree Corners, GA 30071
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6885 Jimmy Carter Blvd
    Norcross, GA 30071-1226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.