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

    931 Lake Dr Snellville, GA 30039

    Sponsored
    Picture of Land at Lake Dr 931, Snellville, GA
    For Sale
    $65,000

    LAND - Snellville, GA

    Lot size:
    0.30 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 29 at 8:06 pm

    Property Features for 931 Lake Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R4349A036
    Lot size
    0.30 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jinming Gu

    Virtual Properties Realty (770) 495-5050

    Listing agent Jinming Gu (770) 495-5050

    Listing date Jan 23, 2026

    MLS# 10669396 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

    Land For Sale, Snellville, GA

    A 0.3-acre land parcel is available for sale in Snellville, Georgia. The property is being sold in its current condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Snellville
    County
    Gwinnett
    State
    Georgia
    Longitude
    -84.045712
    Latitude
    33.765824

    Nearby Similar for Sale

    • New
      $360,000
      2,501 SF

      Spacious Updated Home in Snellville

      Well-maintained 6-bedroom home with large backyard near shopping and schools.
      2187 Chaparral Dr, Snellville, GA 30078
      View Details
    • New
      $1,950,000
      7.75 Acres

      Updated Church Facility in Snellville

      Updated church facility with modern upgrades, ready for worship.
      3800 Lenora Church Rd, Snellville, GA 30039
      View Details
    • $489,900
      Pending

      Snellville Office Condo For Sale

      Stand-alone office condo near Highway 78, suitable for various businesses.
      2505 Eastgate Pl, Snellville, GA 30078
      View Details
    • $489,900
      Pending

      Snellville Office Condo For Sale

      Stand-alone office condo near downtown Snellville with business opportunities.
      2505 Eastgate Pl, Snellville, GA 30078
      View Details
    • $749,900
      3,327 SF

      New Construction Home on Acreage

      Modern farmhouse on 1.24 acres in Snellville, GA.
      3462 Johnson Dr, Snellville, GA 30039
      View Details
    • $850,000
      2,425 SF

      Established Office Building in Snellville

      Well-maintained office building in downtown Snellville with ample parking.
      2323 Pate St, Snellville, GA 30078
      View Details
    • $399,900

      Snellville Commercial Property For Sale

      Commercial property featuring warehouse, office, and lobby areas.
      2495 Eastgate Pl, Snellville, GA 30078
      View Details
    • $389,900

      Luxury Townhome in Snellville Location

      New construction townhome with modern features and maintenance-free living.
      3381 Thurgood Ct, Snellville, GA 30078
      View Details
    • $384,900

      New Luxury Townhome Community

      New construction townhomes in Snellville, featuring modern design and amenities.
      3385 Thurgood Ct, Snellville, GA 30078
      View Details
    • $581,155

      Luxury Active Adult Community

      Gated 55+ community with resort-style amenities and move-in ready homes.
      1619 Tielman Way, Snellville, GA 30078
      View Details
    • $384,900

      New Luxury Townhome Community

      New construction townhomes in Snellville with modern design and amenities.
      3387 Thurgood Ct, Snellville, GA 30078
      View Details
    • New
      $945,000
      0.45 Acres

      Snellville Quadruplex with New Roof

      Fully occupied quadruplex in Snellville, GA with immediate income.
      3042 Destin Cir, Snellville, GA 30078
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Snellville, Georgia.
    Where is this land located?
    The property is located at 931 Lake Dr Snellville, GA.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Land being sold AS-IS.; - Public water source.; - Public sewer.
    (770) 598-5359
    Request Owner's contact information
    931 Lake Dr Snellville, GA 30039
    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.
    931 Lake Dr
    Snellville, GA 30039
    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
    931 Lake Dr Snellville, GA 30039
    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
    Jinming Gu
    Real Estate License ID: 381169
    (770) 598-5359
    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.