Add Listing
    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

    3877 Reservoir Dr, Unit TRACT 13 Gainesville, GA 30507

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,500

    13-acre wooded tract with creek, ideal for recreation.

    Lot size:
    13.12 Acres

    Property Features for 3877 Reservoir Dr

    General Information

    Standard status
    Active
    Lot size
    13.12 Acres

    We can help!

    Listing Contact
    Ben Pyeatt
    Source: Corcoran

    Listing Agency: Hammock Realty North Georgia Listing Agent: Ben Pyeatt

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

    Learn more

    Overview

    13-Acre Wooded Tract For Sale

    This 13-acre wooded tract is suited for nature lovers and outdoor enthusiasts. The property features a mix of mature hardwoods and a creek. It is located in Stone Creek at the Reservoir. The parcel is suited for building a home, a private getaway, or recreational use, including hunting, hiking, or unwinding. It is located near a picturesque landmark.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Auto Repair Shop Department Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.726778
    Latitude
    34.336379

    Nearby Similar for Sale

    • New
      $950,000
      Pending

      Gainesville Commercial Building For Sale

      Renovated 4,100 SF building on 0.52 acres in Gainesville.
      1636 Atlanta Hwy, Gainesville, GA 30504
      View Details
    • New
      $950,000
      Pending

      Gainesville Commercial Property For Sale

      Newly renovated commercial building in Hall County with high traffic.
      1636 Atlanta Hwy, Gainesville, GA 30504
      View Details
    • $849,000
      1,680 SF

      Gainesville Commercial Property with Renovations

      Renovated commercial property in downtown Gainesville with flexible space.
      844 Bradford St SW, Gainesville, GA 30501
      View Details
    • $849,000
      3,217 SF

      High-Traffic Commercial Office Property

      Strategically located office property with development potential in Gainesville, GA.
      3306 Donna Way, Gainesville, GA 30504
      View Details
    • $435,000
      1,600 SF

      Established Tire Shop For Sale

      Turn-key tire shop serving the community for over 30 years.
      4071 Price Rd, Gainesville, GA 30506
      View Details
    • New
      $2,100,000
      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
    • New
      $2,100,000
      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
    • $499,900
      2,190 SF

      Gainesville Auto Shop Opportunity

      Established auto/body shop in high-traffic Gainesville location.
      1410 Westside Dr, Gainesville, GA 30501
      View Details
    • Contact for pricing
      6,000 SF

      Gainesville Industrial Flex Space

      6,000 SF light industrial space with office.
      2427 Hilton Way, Gainesville, GA 30501
      View Details
    • New
      $950,000
      Pending

      Gainesville Commercial Property For Sale

      Commercial property in Hall County with high traffic and rental income.
      1636 Atlanta Hwy, Gainesville, GA 30504
      View Details
    • Contact for pricing
      12,000 SF

      Gainesville Light Industrial Flex Space

      6,000 SF light industrial space with office. For lease.
      2427 Hilton Way, Gainesville, GA 30501
      View Details
    • $725,000
      5,000 SF

      Gainesville Warehouse Near Downtown Square

      Versatile 5,000 SF warehouse minutes from downtown Gainesville Square.
      344 Northside Dr, Gainesville, GA 30501
      View Details

    FAQs

    What type of property is this?
    Recreation land - 13-acre wooded tract with creek, ideal for recreation.
    Where is this recreation land located?
    The property is located at 3877 Reservoir Dr, Unit TRACT 13 Gainesville, GA.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: - 13-acre wooded tract provides ample space and privacy.; - Tranquil creek enhances the natural beauty and serenity.; - Diverse mix of mature hardwoods creates a picturesque landscape.
    Request Owner's contact information
    3877 Reservoir Dr, Unit TRACT 13 Gainesville, GA 30507
    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.
    3877 Reservoir Dr, Unit TRACT 13
    Gainesville, GA 30507
    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
    3877 Reservoir Dr, Unit TRACT 13 Gainesville, GA 30507
    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
    Ben Pyeatt
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!