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

    7770 Old Keith Bridge Rd Gainesville, GA 30506

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    17.79 acres, prime commercial location, Hwy 53 visibility.

    Property Features for 7770 Old Keith Bridge Rd

    General Information

    Property type
    Land
    Lot Size
    774,932 SF

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Don Frey
    Don Frey

    Listing Agency: Keller Williams Community Partners Listing Agent: Don Frey

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

    Learn more

    Overview

    This exceptional 17.79-acre commercial land parcel presents a unique investment opportunity in Gainesville, Georgia. Located at 7770 Old Keith Bridge Road, this property boasts approximately 748.68 feet of road frontage, offering excellent visibility and accessibility. Zoned CBD, the land is ideally suited for a variety of commercial ventures. Its proximity to Lake Lanier, Old Keith Bridge Park, and Little Hall Park Ramp makes it particularly attractive for businesses such as retail boat sales or boat storage. The topography is favorable for development, and the partially cleared land reduces development costs. Enjoy stunning mountain views, especially appealing for a church or place of worship. The property's location within a Town Center Character Area, as indicated on the future land use map, further enhances its development potential. Furthermore, its proximity to the new East Forsyth High School adds to its appeal. Built in 1999, this expansive lot offers significant potential for a variety of commercial uses, capitalizing on its strategic location and desirable features. The asking price is $2,400,000. The property's zip code is 30506, and it's situated in Forsyth County, Georgia.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Food Market HVAC Service Grocery & Convenience Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Forsyth - GA
    State
    Georgia
    Longitude
    -83.9738466
    Latitude
    34.3032368

    Nearby Similar for Sale

    • $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
    • $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
    • $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
      Contact for pricing
      12,000 SF

      Gainesville Light Industrial Flex Space

      6,000 SF light industrial space with office.
      2427 Hilton Way, Gainesville, GA 30501
      View Details
    • $825,000
      2,836 SF

      Freestanding Retail Building on Shallowford

      2,836 SF retail building on 0.31 acres in Gainesville, GA.
      583 Shallowford Rd NW, Gainesville, GA 30504
      View Details
    • New
      $2,400,000
      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
    • $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
    • $1,875,000
      6,443 SF

      Gainesville Commercial Opportunity

      Two-building property in downtown Gainesville with flexible space.
      511 Main St SW, Gainesville, GA 30501
      View Details
    • New
      $2,400,000
      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
    • $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

    FAQs

    What type of property is this?
    Land - 17.79 acres, prime commercial location, Hwy 53 visibility.
    Where is this land located?
    The property is located at 7770 Old Keith Bridge Rd Gainesville, GA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price.; 17.79-acre commercial land parcel.; Located at 7770 Old Keith Bridge Road, Gainesville, GA 30506.
    (678) 386-7108 Call to check price and availability
    Request Owner's contact information
    7770 Old Keith Bridge Rd Gainesville, GA 30506
    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.
    7770 Old Keith Bridge Rd
    Gainesville, GA 30506
    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
    7770 Old Keith Bridge Rd Gainesville, GA 30506
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Don Frey
    Don Frey
    Real Estate License ID: 359833
    (678) 386-7108 (678) 341-7400 (678) 341-7409
    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!