Commercial Land with Existing
For Sale
$750,000
3365 Thompson Bridge Road, Gainesville, GA 30506
The OI-zoned parcel includes a commercial structure and sits along a four-lane corridor serving medical, office, retail, and residential uses.
Property Size1,900 SF
Price / SF$394.74
Days on Market48
Property Features for 3365 Thompson Bridge Road
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Zoning
OI
Taxes and HOA fees
Annual Taxes
$4,466
Building Details
Building Size
1,900 SF
Year Built
1975
Buildings
1
Listed By:
Debbie Conner Smith
(770) 464-0897
Source:
Connersmithrealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 3:54AM
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 Debbie Conner Smith
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Investment Insights
Based on property information with market context.
This 2.20-acre commercial land parcel includes an existing building constructed in 1975. The structure is offered in its current condition, and the site is marketed for its land value and existing commercial improvements. Zoning is Office & Institutional (OI). A buyer may pursue rezoning to CBD, subject to the applicable City/County approval process and the proposed use.
The property fronts Thompson Bridge Road in Gainesville, along a four-lane corridor carrying approximately 24,000 vehicles per day. Nearby uses include medical and professional offices, retail, grocery, and residential properties. The parcel rises gently from the road to a relatively flat area toward the upper portion of the site.
The property fronts Thompson Bridge Road in Gainesville, along a four-lane corridor carrying approximately 24,000 vehicles per day. Nearby uses include medical and professional offices, retail, grocery, and residential properties. The parcel rises gently from the road to a relatively flat area toward the upper portion of the site.
Key Highlights
- 2.20‑acre commercial land parcel
- OI zoning; rezoning to CBD may be pursued subject to City/County approval
- Existing building constructed in 1975, offered in its current condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,454
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,080
$509.1K
Cap Rate 7%
$363,629
$363.6K
Cap Rate 9%
$282,822
$282.8K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$45.4K $23.88/SF
− Vacancy
−$11.4K −$6.02/SF
EGI
$33.9K $17.86/SF
− OpEx
−$8.5K −$4.47/SF
NOI
$25.5K $13.40/SF
Area
Hall County, GA
Vacancy
25.20%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,080
Cap Rate 7%
$363,629
Cap Rate 9%
$282,822
Alternative Uses
Best Use
Office B
$363.6K
$318.2K – $424.2K
NOI $25,454 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.1K
$465.6K – $620.8K
NOI $37,247 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
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Business Placement
Demographics for 30506, GA
45,215
Population
18,876
Households
2.4
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
100.5 sq mi
ZIP Area
450
Density / Sq Mi
$95,224
Median Household Income
$44,824
Median Earnings
$1,323
Median Rent
$363,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The OI-zoned parcel includes a commercial structure and sits along a four-lane corridor serving medical, office, retail, and residential uses.
Where is this commercial land located?
The property is located at 3365 Thompson Bridge Road Gainesville, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2.20‑acre commercial land parcel; OI zoning; rezoning to CBD may be pursued subject to City/County approval; Existing building constructed in 1975, offered in its current condition
