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    The Largest CRE Database in the US with Over 1 Million Listings

    1661 Friendship Rd Hoschton, GA 30548

    Sponsored
    For Sale
    Under Contract
    $3,600,000

    COMMERCIAL - Hoschton, GA

    Property size:
    5,989 SF
    Lot size:
    17.68 Acres
    Days on Market:
    20
    Last Refresh:
    Feb 1 at 8:06 pm

    Property Features for 1661 Friendship Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    AR-IV
    APN
    15041 000016
    Parking
    6
    Size
    5,989 SF
    Lot size
    17.68 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Stream

    Building Details

    Year built
    2011
    Floors in Building
    1

    We can help!

    Listing Contact
    Mary Ellen Small
    Mary Ellen Small

    eXp Realty (888) 959-9461

    Listing agent Mary Ellen Small (404) 395-1177

    Listing date Jan 13, 2026

    MLS# 7324405

    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

    Hall County Commercial Land Opportunity

    This 17.675-acre property presents a potential commercial opportunity in rapidly growing south Hall County, situated along the 4-lane GA 347/Friendship Rd mixed-use corridor. The land is ideally located between commercial and retail areas on Spout Springs Rd and Hwy 211, and is approximately one mile from the Northeast Georgia Medical Center's Braselton campus and surrounding medical facilities. The property is also near residential developments, including apartments, active-adult living, and assisted living facilities. While three residences are located on the property, the primary value lies in the land, which is suitable for redevelopment into commercial or mixed-use projects. The topography is rolling to sloping, and the property features over 600 feet of frontage within the Hall Gateway District, an aesthetically designed corridor with golf cart paths and architectural requirements along GA-347. This section of GA-347 is a 4-6 lane highway with a concrete median connecting I-985 to GA-211, providing access to I-85, including a median break in front of the property. The area offers a variety of restaurants, grocery stores, golfing options, and the Chateau Elan Hotel and Conference Center. The current zoning is Agriculture Residential IV district. Water, electric, and gas are available at the site. Sewer access may be available via easement. A drafted update to the Comprehensive Plan is currently under consideration that, if approved, would place this property within a Business Node and Corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoschton
    County
    Jackson
    State
    Georgia
    Longitude
    -83.854298
    Latitude
    34.115391

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    FAQs

    What type of property is this?
    Commercial land - 17.675 acres of potential commercial land in Hoschton, GA.
    Where is this commercial land located?
    The property is located at 1661 Friendship Rd Hoschton, GA.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - Prime location in rapidly growing South Hall County along GA 347/Friendship Rd mixed-use corridor, ideal for commercial redevelopment.; - Located in the Hall Gateway District with over 600' of frontage on GA-347, a 4-6 lane highway with a median break in front of the property.; - Close proximity to Northeast Georgia Medical Center's Braselton campus, medical offices, residential developments, and major highways (I-985 and I-85).
    (404) 395-1177
    Request Owner's contact information
    1661 Friendship Rd Hoschton, GA 30548
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    Hoschton, GA 30548
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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
    1661 Friendship Rd Hoschton, GA 30548
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    We can help!
    Listing Contact
    Mary Ellen Small
    Mary Ellen Small
    Real Estate License ID: 177653
    (404) 395-1177
    Learn more
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