Single-Family Residence with
5603 Old Wilkie Road, Gainesville, GA 30506
COMMERCIAL - Gainesville, GA
Type:Office
Property size:
3,238 SFLot size:
1.83 AcresPrice / SF:
$154/SF- Added:
- Apr 10, 2026
- Days on Market:
- 63
- Last Refresh:
- Jun 11 at 12:06 am
Property Features for 5603 Old Wilkie Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Fencing
- Fenced
- Standard status
- Active
- APN
- 10012 000055
- Size
- 3,238 SF
- Lot size
- 1.83 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 4468
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2006
- Flooring type
- Hardwood
- Building materials
- Concrete, Frame
- Roof type
- Composition
Listing agent Kathryn Fauscett (678) 316-1924
Listing office Keller Williams Lanier Partners 631 Dawsonville Highway, Gainesville, GA (770) 503-7070
Listing date Apr 10, 2026
MLS# 10729413
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
- 4‑bedroom, 3‑bath home built in 2006 on 1.83 acres with a versatile main‑level and lower‑level layout
- Upper level open living/dining/kitchen plan with a large pantry and laundry area
- Lower level includes a full bath, kitchenette, and two bonus rooms (home office, guest suites, or additional bedrooms)
- 30x50 barn with power and water, plus an oversized garage with workshop/storage off the garage
- Public water and septic tank; central heating and central air (electric), with heat pump heating
- Fenced property with gated entry, Concord and muscadine grapevines, and 16 rose bushes; no HOA
Overview
This one-of-a-kind single-family residence is set on 1.83 acres and offers a versatile 4-bedroom, 3-bath layout. The main living area upstairs features an open floor plan connecting the living, dining, and kitchen spaces, along with a large pantry and a laundry area. The lower level includes a full bath, a kitchenette, and two bonus rooms that can function as office space, guest accommodations, or additional sleeping areas with minimal modifications. Outside, the property includes an oversized garage and a separate workshop/storage area off the garage. A gated entry supports privacy, and the grounds include Concord and muscadine grapevines plus 16 rose bushes. A 30x50 barn on the property is equipped with power and water, providing room for hobbies, storage, or a workshop.
Located in the Gainesville area on Old Wilkie Road, the property is positioned between Gainesville and Dawsonville, with easy access to GA-400 and I-985.
For tenants, buyers, or operators looking for a home that can adapt to mixed-use needs, the combination of a kitchenette-level and separate bonus rooms can support flexible living arrangements. The powered, water-equipped barn and built-in garage workshop/storage add practical space for day-to-day work, storage, or hobby use, while the lack of HOA restrictions supports straightforward lifestyle control.
Located in the Gainesville area on Old Wilkie Road, the property is positioned between Gainesville and Dawsonville, with easy access to GA-400 and I-985.
For tenants, buyers, or operators looking for a home that can adapt to mixed-use needs, the combination of a kitchenette-level and separate bonus rooms can support flexible living arrangements. The powered, water-equipped barn and built-in garage workshop/storage add practical space for day-to-day work, storage, or hobby use, while the lack of HOA restrictions supports straightforward lifestyle control.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.2k | $16.44 |
| − Vacancy | −$6.3k | −$1.96 |
| EGI | $46.9k | $14.48 |
| − OpEx | −$21.1k | −$6.52 |
| NOI | $25.8k | $7.97 |
3,238 SF · lease $16.44/SF/yr · vacancy 11.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.8K
$793.5K – $1.06M
NOI $63,476 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Wilkie Marketing
Advertising Agency
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.962027
- Latitude
- 34.395567
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Country residence on 1.83 acres with a powered, water-equipped 30x50 barn and flexible multi-room lower level.
Where is this single family property located?
The property is located at 5603 Old Wilkie Road Gainesville, GA.
What is the asking price?
The asking price for this property is $499,950.
What are key features of this property?
This property features: 4‑bedroom, 3‑bath home built in 2006 on 1.83 acres with a versatile main‑level and lower‑level layout; Upper level open living/dining/kitchen plan with a large pantry and laundry area; Lower level includes a full bath, kitchenette, and two bonus rooms (home office, guest suites, or additional bedrooms)
