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    3475 Cook Rd Gainesville, GA 30506

    Sponsored
    For Sale
    $2,999,000

    LAND - Gainesville, GA

    Property size:
    2,400 SF
    Lot size:
    13.74 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 28 at 7:06 am

    Property Features for 3475 Cook Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    10068 000005C
    Size
    2,400 SF
    Lot size
    13.74 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Zachary Tibbs

    W.L. Norton Agency (770) 532-0022

    Listing agent Zachary Tibbs (770) 297-4800

    Listing date Feb 24, 2026

    MLS# 10696841 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.

    Learn more

    Property Insight Report

    Overview

    Lake Lanier Estate Homesite Opportunity

    This property presents a rare opportunity to own approximately 13.74 acres directly on Lake Lanier, ideally suited for a private estate or the development of 6 individual homesites. The land features over 1,900 feet of road frontage on Cook Road and includes direct lake access with five existing docks currently in the process of renewal. Positioned on one of the highest elevation points on Lake Lanier, approximately 1,246 feet, the land offers sweeping views. The topography is natural to the area, featuring rolling to steep terrain. A 2,400 square foot existing structure currently serves as an event space. The property is zoned V-C and AR-1 and is subdivided into 6 lots. Utilities are included, but septic will be required. Located in Hall County, this exclusive property is approximately 5 radial miles (15 minutes) from Gainesville, 8 radial miles (18 minutes) to GA-400, and 15 radial miles (about 28 minutes) to Cumming. The nearest commercial corridor is a short drive away along Dawsonville Highway in western Gainesville, near a Publix shopping center, Home Depot, national chain restaurants, local dining options, and residential developments. Chestatee High School, Brenau University, and the medical hub of Northeast Georgia Health Systems are all located within a 15-minute drive. School districts include Sardis Elementary, Chestatee Middle, and Chestatee High School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Bar & Pub Electrical Service Pet Store Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.90794
    Latitude
    34.305499

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    FAQs

    What type of property is this?
    Residential land & home lot - 13.74 acres on Lake Lanier ideal for development.
    Where is this residential land & home lot located?
    The property is located at 3475 Cook Rd Gainesville, GA.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: - Direct Lake Lanier Access with 5 Existing Docks (currently being renewed).; - +/- 13.74 Acres suitable for a private estate or development of 6 homesites.; - High Elevation Point (approx. 1,246 ft) offering sweeping lake views.
    (770) 532-0022
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    3475 Cook Rd Gainesville, GA 30506
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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
    3475 Cook Rd Gainesville, GA 30506
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    We can help!
    Listing Contact
    Zachary Tibbs
    Real Estate License ID: 385414
    (770) 532-0022 (770) 297-4800 (770) 718-7224
    Learn more
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