4296 & 4306 Hamilton Mill Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2023 | No longer available | - | |
| No longer available | |||
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Oct 27, 2023 | In contract | - | |
| In contract | |||
| Aug 29, 2023 | Listed by W.L. Norton Agency | $1,100,000 | |
| Listed by W.L. Norton Agency | |||
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PROPERTY OVERVIEW The Norton Commercial Acreage Group is proud to present this 4.2-acre property in Northern Gwinnett County located within the Buford city limits. This is a rare development opportunity in a highly desirable area which has only a few residential lots remaining and an extremely high demand for office/warehouse/storage space. The site offers excellent commercial visibility along both the Hamilton Mill Road and the I-985 corridors. Currently zoned R-100, the site is also ideal for a dense townhome development – a tremendous opportunity in this market where residential demand is high and supply is very low. All public utilities are available to the site including sanitary sewer and water. Two homes are in place, both built in the 1950s and currently fully leased. The property has gently rolling to level topography with a mix of wooded acreage and open land surrounding the existing homes. Site offers multiple access points. LOCATION OVERVIEW The subject property provides easy access to I-85, the Mall of Georgia (only 10 minutes’ drive), Coolray Field as well as all of the Buford City Schools, considered one of the best public- school systems in the state. Located roughly 30 miles northeast of the 285 Atlanta perimeter Buford has experienced phenomenal growth in both commercial and residential development and is considered one of the best places to live and do business in Georgia.
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| Aug 14, 2023 | Listed by Norton Commercial Acreage Grp | $1,100,000 | |
| Listed by Norton Commercial Acreage Grp | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017