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Property profile & analytics
OFF-MARKET
Estimated value
$18,870,000
Medical Office Space
771 Old Norcross Rd Lawrenceville, GA 30046-4386
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0917147
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
129,151 SF
Lot
8.77 ac (382,021 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
5-113 -152
UPID
US22-0917147
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
-
Terrace Park Medical Center Medical Clinic
-
Northside Hospital Cancer Institute Radiation Oncology- Lawrenceville Hospital
-
Northeast Endodontics, Dr. Peter Ok Dental Office
-
Piedmont Orthopedics | OrthoAtlanta: Douglas B. Kasow DO Physician
-
Benjamin R. Strauss, M.D. Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$18.87M
Owner & transaction history
Cmk Terrace Park LLC · 8 yrs held
Cmk Terrace Park LLC
since 2017
7 recorded transactions
Zoning & alternative use
OI-OFFICE-INSTITUTIONAL · Lawrenceville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.87M
Range $16.98M – $20.76M · ±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
$146 / 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
$242,997
Tax year 2023
Assessed value
$7,570,000
Assessed 2023
Previous assessed
$7,570,000
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$1,240,640
Assessed improvement
$6,329,360
Land market value
$3,101,600
Improvement market value
$15,823,400
Total market value
$18,925,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
NONE
Stories
3
Total area
129,151 SF
Lot
8.77 ac (382,021 SF)
Zoning code
OI-OFFICE-INSTITUTIONAL
APN
5-113 -152
UPID
US22-0917147
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.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Stories
3
Lot
8.77 ac
Current owner
From public records · entity-resolved
Cmk Terrace Park LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
$36,000,000
Cmk Terrace Park LLC
Terrace Park Properties 1 LLC
Trustees Deed
related
$309,500,000 · Capital One NA
Aug 9, 2013
$19,400,000
Terrace Park Properties I LLC
Redus Georgia Commercial LLC
Grant Deed
$21,550,000 · General Electric Capital Corp
Jan 4, 2011
$21,000,000
Redus Ga Commercial LLC
Terrace Park Medical Ctr LLC
Trustees Deed
—
Oct 17, 2005
$2,166,300
Terrace Park-lawrenceville LLC
Wood,charles O
Grant Deed
$2,600,000 · Integrity Bank
—
—
Terrace Park-lawrenceville LLC
—
Deed Of Trust
related
$18,300,000 · Wachovia Bank NA
—
—
Terrace Park-lawrence LLC
—
Deed Of Trust
related
$15,207,202 · Integrity Bank
—
—
Terrace,park Medical Center Ll
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
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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