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    Lake Lanier Waterfront Land Opportunity Title is generated by Realmo AI

    2237 Lake Ranch Court, Gainesville, GA 30506

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    Claim this Listing
    For Sale
    $1,650,000

    Expansive waterfront property on Lake Lanier with dock included.

    Type:Land or Vacant Lot
    Added:
    Apr 7, 2026
    Days on Market:
    61
    Last Refresh:
    Apr 15 at 8:47 pm

    Property Features for 2237 Lake Ranch Court

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    Teresa Smith
    Teresa Smith

    Listing agent Teresa Smith License #248187

    Listing office Keller Williams Realty Atl. Partners

    Listing date Apr 7, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Atl. Partners

    HighLights

    • Expansive Lake Lanier Property: Approximately 472 ft of lake frontage across 3 lots with panoramic views.
    • New State‑of‑the‑Art Dock: Includes a 32x32 dock.
    • Rare Grass‑to‑Water Lot: Features grass to the water with a mow permit on Corps property.
    • Potential for New Construction or Remodel: Opportunity to remodel the existing shell home or build a new home.
    • Shoreline Features: Rip‑rap shoreline and a sandy beach.
    • Additional Lot for Guest House: Includes a separately tax‑parceled lot (lot 40) suitable for a guest house with potential for a dock permit.

    Overview

    This property on Lake Lanier features approximately 472 feet of lake frontage across three expansive lots, offering panoramic views. The shoreline has rip-rap in place and a sandy beach. A new 32x32 dock is included. The property includes a 1964 home that is currently a shell, presenting an opportunity for remodeling or new construction. The property consists of two separately tax parceled lots: Lots 38 and 39 are together, and lot 40 is an individual tax parcel, suitable for a guest house. The Corps of Engineers has verbally stated that lot 40 is eligible for a dock permit, and the seller has already put his name on the waiting list at the Corps. The property is located minutes by car or boat from Gainesville Marina and Skogies Lakefront Restaurant.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Dental Office Auto Repair Shop Pharmacy Big Box & Wholesale Store Skin Care Clinic Kitchen & Bath Showroom HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8832437
    Latitude
    34.3222401

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    FAQs

    What type of property is this?
    Waterfront Land - Expansive waterfront property on Lake Lanier with dock included.
    Where is this waterfront land located?
    The property is located at 2237 Lake Ranch Court Gainesville, GA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Expansive Lake Lanier Property: Approximately 472 ft of lake frontage across 3 lots with panoramic views.; New State‑of‑the‑Art Dock: Includes a 32x32 dock.; Rare Grass‑to‑Water Lot: Features grass to the water with a mow permit on Corps property.
    (770) 654-4173
    We can help!
    Listing Contact
    Teresa Smith
    Teresa Smith
    Real Estate License ID: 248187
    Learn More
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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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