Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    308 Point Olympus Drive Gainesville, GA 30506

    View on Map
    New
    For Sale
    $146,000

    LAND - Gainesville, GA

    Type:Single Family Residence
    Lot size:
    0.79 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 2 at 1:06 pm

    Property Features for 308 Point Olympus Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R-!
    Vegetation
    Wooded
    Standard status
    Active
    Lot size
    0.79 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    227

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Craig Shoemaker
    Craig Shoemaker

    Listing agent Craig Shoemaker License #386846

    Listing office The Norton Agency 434 Green Street, Clarkesville, GA

    Listing date Mar 30, 2026

    MLS# 7743832

    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.

    Overview

    Gainesville Land Opportunity

    This is a rare opportunity to acquire land in Pointe Olympus, a private 14-lot neighborhood in Gainesville. Two adjacent lots, #304 and #308, are available. Lot #308 is 0.79 acres. The lots can be purchased separately or combined into a single 1.57-acre homesite, offering flexibility. Both lots have been soil-tested and feature a gentle slope, making them ready for building. The location is minutes from downtown Gainesville, shopping, and restaurants, with a large Lake Lanier park directly next door. The property is zoned R-!. This presents a chance to build in a desirable location close to downtown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Accounting Firm HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.846293
    Latitude
    34.348255

    Nearby Similar for Sale

    • $749,000
      3,217 SF

      High-Traffic Commercial Office Property

      Strategically located office property with development potential in Gainesville, GA.
      3306 Donna Way, Gainesville, GA 30504
      View Details
    • $749,000
      3,217 SF

      High-Traffic Commercial Office Property

      Strategically located commercial office property with development potential.
      3306 Donna Way, Gainesville, GA 30504
      View Details
    • $1,195,000
      14,000 SF

      Light Industrial Warehouse/Office Buildings

      Two industrial buildings in Venture Industrial Park near downtown Gainesville.
      1619 Gibbs Drive, Gainesville, GA 30507
      View Details
    • $1,195,000

      Gainesville Mixed-Use Industrial Opportunity

      Two light industrial buildings with office space in Venture Industrial Park.
      1619 Gibbs Drive, Gainesville, GA 30507
      View Details
    • $2,000,000
      5,000 SF

      Profitable Liquor Store with Real Estate

      Profitable liquor store with real estate for sale in Gainesville.
      2318 Old Cornelia Highway, Gainesville, GA 30507
      View Details
    • $2,000,000
      5,000 SF

      Profitable Liquor Store with Real Estate

      Profitable liquor store with real estate for sale in Gainesville.
      2318 Old Cornelia Highway, Gainesville, GA 30507
      View Details
    • $6,500
      12,000 SF

      Gainesville Light Industrial Flex Space

      6,000 SF light industrial space with office.
      2427 Hilton Way #100, Gainesville, GA 30501
      View Details
    • $499,900
      2,190 SF

      Gainesville Auto Shop Opportunity

      Established auto/body shop in high-traffic Gainesville location.
      1410 Westside Drive, Gainesville, GA 30501
      View Details
    • $825,000
      2,836 SF

      Freestanding Retail Building on Shallowford

      2,836 SF retail building on 0.31 acres in Gainesville, GA.
      583 Shallowford Road NW, Gainesville, GA 30504
      View Details
    • $300,000

      Gainesville Land Assemblage Opportunity

      4.23 acres of land for sale in Gainesville, GA.
      841 Dixon Drive, Gainesville, GA 30501
      View Details
    • $325,000

      Gainesville Commercial Land Opportunity

      0.97-acre commercial land with high visibility in Gainesville, GA.
      1706 Cleveland Highway, Gainesville, GA 30501
      View Details
    • $315,000

      Gainesville Land Near Downtown

      5.09 acres near downtown Gainesville, suitable for commercial or residential.
      2598 White Sulphur Road, Gainesville, GA 30501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent lots available in exclusive Gainesville neighborhood.
    Where is this residential land & home lot located?
    The property is located at 308 Point Olympus Drive Gainesville, GA.
    What is the asking price?
    The asking price for this property is $146,000.
    What are key features of this property?
    This property features: Rare opportunity to own land in the exclusive Pointe Olympus neighborhood, close to downtown Gainesville.; Two adjacent lots totaling 1.57 acres, offering flexibility to purchase separately or combined.; Walkable character and proximity to downtown Gainesville, shopping, and restaurants.
    (706) 754-5700
    We can help!
    Listing Contact
    Craig Shoemaker
    Craig Shoemaker
    Real Estate License ID: 386846
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!