Your AI Navigator in Commercial Real Estate
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

    33 Quarry St Gainesville, GA 30501

    Sponsored
    Picture of Land at Quarry St 33, Gainesville, GA
    For Sale
    $150,000

    LAND - Gainesville, GA

    Lot size:
    0.34 Acres
    Days on Market:
    100
    Last Refresh:
    Jan 20 at 7:06 pm

    Property Features for 33 Quarry St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00063 001009
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Patrick Cisco

    W.L. Norton Agency (770) 532-0022 [email protected]

    Listing agent Patrick M Cisco (770) 297-4800

    Listing date Oct 13, 2025

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Gainesville Land Redevelopment Opportunity

    This property presents a rare land opportunity in the historic New Holland Mill district of Gainesville. The 0.34-acre lot includes a duplex that is currently uninhabitable and requires demolition, making it a suitable site for redevelopment. The location is in a neighborhood with strong demand and historic charm, offering an ideal opportunity for investors or developers to construct new residential dwellings, townhomes, or a small multi-family project. The site's proximity to downtown Gainesville, major employers, and local amenities, including the New Holland Mill community, provides both convenience and potential for long-term value growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.804343
    Latitude
    34.309508

    Nearby Similar for Sale

    • $2,450,000
      Pending

      Gainesville Industrial Complex For Sale

      Industrial complex on 4+ acres near I-985 and I-85.
      2567 Athens Hwy, Gainesville, GA 30507
      View Details
    • New
      $1,399,000
      11.99 Acres

      Spacious Ranch with Pond

      Brick-front ranch on nearly 12 acres with pond.
      8105 Jot Em Down Rd, Gainesville, GA 30506
      View Details
    • New
      $459,900
      0.50 Acres

      Gainesville Duplex with Rental Potential

      Two homes in one, ideal for rental income or multi-generational living.
      8635 Sapphire Ln, Gainesville, GA 30506
      View Details
    • $649,000
      0.33 Acres

      Renovated Waterfront Retreat on Lake Lanier

      Fully renovated two-bedroom waterfront retreat with private dock and lake access.
      3551 Monroe Cir, Gainesville, GA 30506
      View Details
    • $975,000
      4,100 SF

      Gainesville Commercial Property For Sale

      Renovated commercial building on 0.52 acres in Hall County.
      1636 Atlanta Hwy, Gainesville, GA 30504
      View Details
    • $265,000
      1,778 SF

      Gainesville Mixed-Use Potential on Acres

      Versatile property on 2.03 acres, ideal for investors/homeowners.
      2626 White Sulphur Rd, Gainesville, GA 30501
      View Details
    • $565,000
      0.94 Acres

      Gainesville Multifamily Investment Opportunity

      Three properties with residential and commercial potential in Gainesville, GA.
      5375 Clarks Bridge Rd, Gainesville, GA 30506
      View Details
    • $2,300,000
      5,000 SF

      Profitable Liquor Store with Real Estate

      Profitable liquor store with real estate for sale in Gainesville.
      2318 Old Cornelia Highway Ext, Gainesville, GA 30507
      View Details
    • $975,000
      4,100 SF

      Gainesville Commercial Building For Sale

      Renovated 4,100 SF building on 0.52 acres in Gainesville.
      1636 Atlanta Hwy, Gainesville, GA 30504
      View Details
    • $445,000
      1,600 SF

      Established Tire Shop For Sale

      Turn-key tire shop in business for over 30 years.
      4071 Price Rd, Gainesville, GA 30506
      View Details
    • $1,875,000
      6,443 SF

      Gainesville Commercial Opportunity

      Two-building property in downtown Gainesville with flexible space.
      511 Main St SW, Gainesville, GA 30501
      View Details
    • $2,300,000
      5,000 SF

      Profitable Liquor Store with Real Estate

      Liquor store with real estate for sale in Gainesville.
      2318 Old Cornelia Highway Ext, Gainesville, GA 30507
      View Details

    FAQs

    What type of property is this?
    Land - Redevelopment opportunity in historic New Holland Mill district.
    Where is this land located?
    The property is located at 33 Quarry St Gainesville, GA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in the historic New Holland Mill district.; - Ideal for new residential dwellings, townhomes, or a small multi-family project.; - Strong demand location with historic charm.
    (770) 532-0022
    Request Owner's contact information
    33 Quarry St Gainesville, GA 30501
    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.
    33 Quarry St
    Gainesville, GA 30501
    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
    33 Quarry St Gainesville, GA 30501
    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
    Patrick Cisco
    Real Estate License ID: 376088
    (770) 532-0022
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.