Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    66.53 Acres of Pasture Land Title is generated by Realmo AI

    5565 Grant Ford Road, Gainesville, GA 30506

    View on Map
    Claim this Listing
    For Sale
    $1,490,000

    66.53 acres of land suitable for farming or development.

    Type:Land or Vacant Lot
    Lot size:
    66.53 Acres
    Added:
    Nov 12, 2024
    Days on Market:
    569
    Last Refresh:
    May 10 at 11:49 pm

    Property Features for 5565 Grant Ford Road

    General Information

    Standard status
    Active
    Lot size
    66.53 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    Tyrese Street

    Listing agent Tyrese Street

    Listing office Keller Williams Atlanta Classic

    Listing date Nov 12, 2024

    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 Atlanta Classic

    HighLights

    • 66.53 acres of private, rolling land.
    • Development potential for up to 63 subdivision lots (plat available).
    • Zoned PRD, no rezoning required if plat remains substantially unchanged.
    • Approximately 700 feet of road frontage.
    • Backs up to Corp of Engineers property.
    • Conveniently located 15 minutes from Dawsonville Outlet Mall and Downtown Gainesville.

    Overview

    This property features 66.53 rolling acres of private land with approximately 700 feet of road frontage. Zoned PRD, the land may be developed for up to 63 subdivision lots, subject to plat approval. No rezoning is required if the plat is not substantially changed. The land is cleared pasture with some hardwoods. It could be used as a private farm or ranch. The property backs up to Corp of Engineers property. Located 15 minutes from both Dawsonville Outlet Mall and Downtown Gainesville, this area is expected to experience significant growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Law Firm Hotel & Motel Department Store Electrical Service Bakery Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.9595
    Latitude
    34.3714

    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
    • $1,800,000
      5,000 SF

      Liquor Store with Warehouse

      Profitable liquor retail operation paired with warehouse space and a grandfathered alcohol license, with business and real estate included.
      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

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 66.53 acres of land suitable for farming or development.
    Where is this agricultural land / farmland located?
    The property is located at 5565 Grant Ford Road Gainesville, GA.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: 66.53 acres of private, rolling land.; Development potential for up to 63 subdivision lots (plat available).; Zoned PRD, no rezoning required if plat remains substantially unchanged.
    (404) 421-0468
    We can help!
    Listing Contact
    Tyrese Street
    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
    5565 Grant Ford Road, Gainesville, GA 30506
    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!