Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    118 Lakeview Cir Waleska, GA 30183

    Sponsored
    For Sale
    $800,000

    MULTI_FAMILY - Waleska, GA

    Lot size:
    0.28 Acres
    Days on Market:
    48
    Last Refresh:
    Feb 3 at 8:06 am

    Property Features for 118 Lakeview Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Insulated Windows, Double Pane Windows
    APN
    22N16 12026
    Parking
    3
    Parking features
    Garage, Driveway
    Fencing
    Privacy
    Accessibility
    Accessible Elevator Installed
    Lot size
    0.28 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Central, Forced Air
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Private

    Building Details

    Year built
    2007
    Floors in Building
    3
    Number of units
    1
    Flooring type
    Tile, Hardwood, Carpet
    Building materials
    Cement Siding, HardiPlank Type
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Kathryn Valor
    Kathryn Valor

    Keller Williams Realty Partners (678) 494-0644

    Listing agent Kathryn Valor (214) 808-2166

    Listing date Dec 18, 2025

    MLS# 7674170 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mountain Retreat with Rental Potential

    This custom-built craftsman-style home, located in the gated Lake Arrowhead community, offers over 6,000 square feet of living space and presents an investment opportunity with projected short-term rental revenue of $135,000 per year. The property features 5 bedrooms and 5 bathrooms. The home is designed to capture lake and mountain views. The open concept floor plan includes two living rooms, each with a stone gas-start fireplace, an oversized dining room, and a chef's kitchen equipped with two sinks, an oversized island, and high-end appliances. An elevator provides access to the primary suite, which includes a private balcony, fireplace, sitting room, and a spa-inspired bathroom with dual vanities, a jetted soaking tub, a large walk-in shower, and an expansive closet. The finished terrace level offers a full kitchenette, built-in dehumidifier, living room, and a private bedroom suite, suitable for multigenerational living or an Airbnb setup. Residents have access to community amenities such as golf, boating, multiple pools, pickleball, tennis, hiking trails, a marina, and a dog park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hotel & Motel Garden Center Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waleska
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.597826
    Latitude
    34.313274

    Nearby Similar for Sale

    • Contact for pricing
      0.54 Acres

      Waleska Land with Resort Amenities

      540-acre lake, marina, golf course, clubhouse, pools, sports courts.
      283 Morse Elm Loop, Waleska, GA 30183
      View Details

    FAQs

    What type of property is this?
    Single family property - Luxurious 5 bed, 5 bath home in Lake Arrowhead.
    Where is this single family property located?
    The property is located at 118 Lakeview Cir Waleska, GA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Projected $135,000 annual short-term rental income.; - Stunning lake and mountain views.; - **6,000+ sq ft custom-built home with 5 bedrooms and 5 bathrooms.**
    (678) 494-0644
    Request Owner's contact information
    118 Lakeview Cir Waleska, GA 30183
    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.
    118 Lakeview Cir
    Waleska, GA 30183
    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
    118 Lakeview Cir Waleska, GA 30183
    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

    We can help!
    Listing Contact
    Kathryn Valor
    Kathryn Valor
    (678) 494-0644
    Learn more
    Google sign-in failed. Please try again or use another login method.