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    Lake Lanier Buildable Waterfront Lot Title is generated by Realmo AI

    3116 Lake Ranch Circle, Gainesville, GA 30506

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    Claim this Listing
    Pending
    $500,000

    LAND - Gainesville, GA

    Lot size:
    0.67 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for 3116 Lake Ranch Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Partially Wooded
    Standard status
    Pending
    APN
    10060 000073
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6895

    Utilities

    Utilities
    Cable Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Jaimie Harrison

    Listing agent Jaimie Harrison

    Listing office The Norton Agency 434 Green St, GA

    Listing date Mar 21, 2026

    MLS# 10715647 Listing URL

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

    HighLights

    • Buildable lakefront lot with deep water and gentle access.
    • Enjoy 230 feet of lake frontage with newly installed rip rap and steps to the water.
    • Single‑slip dock in place for immediate lake enjoyment.
    • No HOA restrictions and short‑term rental potential.
    • Completed soil test and available survey save time and expense.
    • Conveniently located one hour north of Atlanta with easy access to major highways, hospitals, shopping, and restaurants.

    Overview

    Located in a quiet, protected cove, this 0.67-acre lakefront lot at 3116 Lake Ranch Circle in Gainesville, GA, presents a unique opportunity. The property boasts 230 feet of lake frontage and features newly installed rip rap and steps leading to the water. The lot is easily accessible by golf cart or utility vehicle. A single-slip dock is already in place. A completed soil test and available survey simplify early planning. The absence of HOA restrictions allows for short-term rental potential. The adjacent home at 3120 Lake Ranch Circle is also available and can be purchased together, creating a combined lakefront property with approximately 380 feet of shoreline. The property is located one hour north of downtown Atlanta off Hwy 53, with easy access to GA 400 and I-985, and is near hospitals, shopping, and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Accounting Firm HVAC Service Bar & Pub Electrical Service Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.915513
    Latitude
    34.33943

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    FAQs

    What type of property is this?
    Waterfront Land - Buildable lakefront lot with deep water and gentle shoreline access.
    Where is this waterfront land located?
    The property is located at 3116 Lake Ranch Circle Gainesville, GA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Buildable lakefront lot with deep water and gentle access.; Enjoy **230 feet of lake frontage** with newly installed rip rap and steps to the water.; **Single‑slip dock in place** for immediate lake enjoyment.
    (678) 316-2517
    We can help!
    Listing Contact
    Jaimie Harrison
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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.

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