Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Gainesville, GA Title is generated by Realmo AI

    517 Mount Crest Drive, Gainesville, GA 30501

    View on Map
    Claim this Listing
    Pending
    $60,000

    LAND - Gainesville, GA

    Lot size:
    0.59 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for 517 Mount Crest Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    00131 002005A
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    447

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Jason Buffington
    Jason Buffington

    Listing agent Jason Buffington License #338170

    Listing office Keller Williams Lanier Partners 631 Dawsonville Highway, Gainesville, GA

    Listing date Apr 17, 2026

    MLS# 10735601 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.

    HighLights

    • Large 0.59‑acre lot zoned R‑1 for residential development.
    • Opportunity to combine with neighboring parcels to create approximately 1.09 acres.
    • Located in an established area with promising growth potential.
    • Suitable for custom homesite or broader development.
    • Water utility available.
    • Public water source.

    Overview

    This 0.59-acre lot, located at 517 Mount Crest Drive in Gainesville, GA, is zoned R-1 and suitable for future residential development. The property's size and zoning provide a foundation for building in an established area with growth potential. The lot can be purchased individually or combined with neighboring parcels at 121 McConnell Drive and 513 Mount Crest Drive, creating an opportunity to assemble approximately 1.09 acres. This flexibility is suitable for builders, investors, or buyers seeking expanded space. Whether planning a custom homesite or considering a broader development opportunity, this property offers versatility and long-term value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.836403
    Latitude
    34.280139

    Nearby Similar for Sale

    • $1,800,000
      5,000 SF

      Liquor Store with Warehouse

      For sale with business and real estate included, featuring a grandfathered alcohol license and ample warehouse area.
      2318 Old Cornelia Highway, Gainesville, GA 30507
      View Details
    • $749,000
      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
    • $749,000
      3,217 SF

      High-Traffic Commercial Office Property

      Strategically located commercial office property with development potential.
      3306 Donna Way, Gainesville, GA 30504
      View Details
    • $6,375
      6,000 SF

      Gainesville Industrial Flex Space Available

      6,000 SF light industrial space with office and storage.
      2427 Hilton Way #100, Gainesville, GA 30501
      View Details
    • $1,080,000
      8,734 SF

      Retail Center on Thompson Bridge Road

      Multi-tenant retail building with long-term tenants and high visibility.
      3510 Thompson Bridge Road, Gainesville, GA 30506
      View Details
    • $825,000
      2,836 SF

      Retail Building on Shallowford Road

      Freestanding retail building on a highly traveled road.
      583 Shallowford, Gainesville, GA 30504
      View Details
    • $6,375
      12,000 SF

      Gainesville Light Industrial Flex Space

      6,000 SF light industrial space with office and storage.
      2427 Hilton Way #100, Gainesville, GA 30501
      View Details
    • $510,950
      3,238 SF

      Versatile Country Retreat with Vineyard

      Unique property with vineyard, barn, and flexible living spaces.
      5603 Old Wilkie Road, Gainesville, GA 30506
      View Details
    • $300,000

      Gainesville Land Assemblage Opportunity

      4.23 acres of land for sale in Gainesville, GA.
      841 Dixon Drive, Gainesville, GA 30501
      View Details
    • $325,000

      Gainesville Commercial Site For Sale

      High-visibility commercial site in Gainesville's active retail corridor.
      1706 Cleveland Highway, Gainesville, GA 30501
      View Details
    • $315,000

      Gainesville Land Near Downtown

      5.09 acres near downtown Gainesville, suitable for commercial or residential.
      2598 White Sulphur Road, Gainesville, GA 30501
      View Details
    • $799,000
      1,680 SF

      Gainesville Commercial Lot and Building

      Renovated commercial building with spacious shop and reinforced concrete lot.
      844 Bradford Street SW, Gainesville, GA 30501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.59-acre lot zoned R-1, ideal for residential development.
    Where is this residential land & home lot located?
    The property is located at 517 Mount Crest Drive Gainesville, GA.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Large 0.59‑acre lot zoned R‑1 for residential development.; Opportunity to combine with neighboring parcels to create approximately 1.09 acres.; Located in an established area with promising growth potential.
    (770) 540-6264
    We can help!
    Listing Contact
    Jason Buffington
    Jason Buffington
    Real Estate License ID: 338170
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    517 Mount Crest Drive, Gainesville, GA 30501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!