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

    970 Progress Ctr Ave Lawrenceville, GA 30043-4803

    • Warehouses
    • 37,238 SF
    • 4.50 lot acres
    OFF-MARKET
    Value Estimations
    $2,855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0813857
    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

    • Dutch Valley / Transportation Service

    Property Details for 970 Progress Ctr Ave

    Year built
    1999
    Lot size
    4.50 lot acres
    Property size
    37,238 SF
    Zone code
    M1-LIGHT INDUSTRY
    Property type
    Warehouses
    APN
    R7014 114
    APU
    R7014114

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,770,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -83.9623
    Latitude
    33.9907
    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
    $67,880
    $450,080
    $1,757,480
    $2,207,560
    -
    $1,125,200
    $4,393,700
    $5,518,900

    Comparable in this City

    • Value Estimation
      $13,225,000
      207,701 SF

      2408 Tech Ctr Pkwy

      STORAGE YARD, OPEN STORAGE • 207,701 SF
      2408 Tech Ctr Pkwy, Lawrenceville, GA 30043-1361
      View Details
    • Value Estimation
      $11,070,000
      179,065 SF

      1301 Progress Ctr Ave

      STORAGE YARD, OPEN STORAGE • 179,065 SF
      1301 Progress Ctr Ave, Lawrenceville, GA 30043-4815
      View Details
    • Value Estimation
      $3,485,000
      39,800 SF

      822 Progress Industrial Blvd

      STORAGE YARD, OPEN STORAGE • 39,800 SF
      822 Progress Industrial Blvd, Lawrenceville, GA 30043-4655
      View Details
    • Value Estimation
      $9,990,000
      117,316 SF

      2000 Newpoint Pkwy

      STORAGE YARD, OPEN STORAGE • 117,316 SF
      2000 Newpoint Pkwy, Lawrenceville, GA 30043-5577
      View Details
    • Value Estimation
      $16,275,000
      261,520 SF

      2499 Newpoint Pkwy

      STORAGE YARD, OPEN STORAGE • 261,520 SF
      2499 Newpoint Pkwy, Lawrenceville, GA 30043-1712
      View Details
    • Value Estimation
      $4,755,000
      83,236 SF

      2005 Newpoint Pkwy

      STORAGE YARD, OPEN STORAGE • 83,236 SF
      2005 Newpoint Pkwy, Lawrenceville, GA 30043-5593
      View Details

    Similar Nearby for Sale

    • $899,000
      4.86 Acres

      Lawrenceville Industrial Land - $899K

      4.86-acre industrial lot, prime location.
      1220 Progress Center Ave, Lawrenceville, GA 30043
      View Details
    • $2,995,000
      7.20 Acres

      Prime Lawrenceville Industrial Land

      7.2 Acres, M1 Zoning, High Demand
      Hurricane Shoals Rd, Lawrenceville, GA 30043
      View Details
    • $3,200,000
      203.00 Acres

      Prime 20-Acre Development Land

      Gwinnett County residential land near major attractions
      1313 Old Peachtree Rd, Lawrenceville, GA 30043
      View Details
    • $365,000
      1,912 SF

      Move-In Ready End Unit Home

      Single-family home, move-in ready, convenient location, suitable for investors.
      1044 Haley Woods Ln, Lawrenceville, GA 30043
      View Details
    • $335,000
      1.04 Acres

      Lawrenceville Land Parcel For Sale

      1.04 acre land parcel near Mall of Georgia.
      81 Russell Rd, Lawrenceville, GA 30043
      View Details
    • $595,000
      2,086 SF

      Prime Commercial Property, Lawrenceville GA

      Versatile commercial property with dual road frontage in high-traffic area.
      578 Braselton Hwy NE, Lawrenceville, GA 30043
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      98,306 SF

      Lawrenceville Flex Space for Lease

      Modern Flex Warehouse, Gwinnett County
      1000 Hurricane Shoals Rd, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      350,511 SF

      Lawrenceville Warehouse Space Available

      350,511 SF warehouse space for lease in Lawrenceville, GA.
      4505 Newpoint Pl, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      451,200 SF

      Lawrenceville Warehouse Space Available

      451,200 SF building with 128,125 SF available for lease.
      2155 Breckinridge Blvd, Lawrenceville, GA 30043
      View Details
    • $18 SF/Yr
      29,000 SF

      Lawrenceville Warehouse Space

      Flex warehouse, 500-3854 sq ft available
      1025 Progress Cir, Lawrenceville, GA 30043
      View Details
    • Contact for pricing
      12,816 SF

      Industrial Property Near Highway 316

      Industrial space with excellent highway access and strong local amenities.
      850 Progress Center Ct, Lawrenceville, GA 30043
      View Details
    • $1,700 /Mo
      2,400 SF

      Lawrenceville Commercial Office/Flex Space

      Versatile commercial suite suitable for office, retail, or service businesses.
      363 Swanson Dr, Lawrenceville, GA 30043
      View Details
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    970 Progress Ctr Ave
    Lawrenceville, GA 30043-4803
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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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