Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3255 Cleveland Hwy Gainesville, GA 30506
    Back to Search
    Property profile & analytics

    3255 Cleveland Hwy, Gainesville, GA 30506

    View on Map
    • Commercial real estate
    • 6,500 SF
    • 2.89 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3255 Cleveland Hwy

    Year built
    1996
    Lot size
    2.89 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a substantial multi-family property situated on a nearly flat 2.89-acre lot in Gainesville, Georgia. The property boasts prime lakefront access, offering unparalleled appeal to tenants. The complex comprises three frame homes and ten mobile/modular homes, all currently rented, generating immediate cash flow. The total square footage encompasses 6,500 square feet of living space spread across these thirteen units. The land extends almost seamlessly from the street to the US Army Corps of Engineers property line, providing ample space and a tranquil setting. This property is ideal for an investor seeking a stable, high-yield rental portfolio with significant potential for future appreciation. The existing tenant base provides a consistent income stream, minimizing vacancy risks. The location in Gainesville, GA offers convenient access to local amenities and services. The nearly flat topography of the lot simplifies development and maintenance. This turnkey investment requires minimal immediate capital expenditure, making it an attractive opportunity for both seasoned and emerging investors. The lakefront location is a significant draw, enhancing the property's desirability and rental income potential. This is a rare chance to acquire a well-established, income-producing multi-family property in a desirable location. The property's size and configuration offer flexibility for future expansion or redevelopment, subject to local zoning regulations. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8116
    Latitude
    34.3661

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      8202 Lk Holw Dr

      COMMERCIAL (GENERAL)
      8202 Lk Holw Dr, Gainesville, GA 30506
      View Details
    • Value Estimation by Request
      2,160 SF

      6780 Browns Brg Rd

      COMMERCIAL (GENERAL)
      6780 Browns Brg Rd, Gainesville, GA 30506-3912
      View Details
    • Value Estimation by Request
      3,364 SF

      7715 Browns Brg Rd

      COMMERCIAL (GENERAL)
      7715 Browns Brg Rd, Gainesville, GA 30506-4024
      View Details
    • Value Estimation by Request
      1,064 SF

      3527 Casper Dr

      COMMERCIAL (GENERAL)
      3527 Casper Dr, Gainesville, GA 30506-7114
      View Details
    • Value Estimation
      $10,000,000
      144,670 SF

      3527 Casper Dr

      COMMERCIAL (GENERAL)
      3527 Casper Dr, Gainesville, GA 30506-7114
      View Details
    • Value Estimation by Request
      8,125 SF

      4450 Dawsonville Hwy

      COMMERCIAL (GENERAL)
      4450 Dawsonville Hwy, Gainesville, GA 30506-3818
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8.66 Acres

      Gainesville Country Estate - 8.66 Acres

      Rustic barn, horse ring, 8.66 acres.
      7255B Wits End Dr Dr, Gainesville, GA 30506
      View Details
    • $165,000
      0.62 Acres

      Lakefront Lot with Boat Slip

      Double lot in gated community with optional boat slip.
      3525 Water Front Dr, Gainesville, GA 30506
      View Details
    • $616,000

      Land Available in Gainesville, Georgia

      Land for sale on Brookton Lula Road, Gainesville.
      5500 Brookton Lula Rd, Gainesville, GA 30506
      View Details
    • $415,000
      0.72 Acres

      Lakefront Lot on Lanier

      Buildable lake lot with dock and community amenities.
      5994 Wellington Ave, Gainesville, GA 30506
      View Details
    • Contact for pricing
      0.32 Acres

      Gainesville Corner Lot Near Lake

      0.32-acre corner lot near Lake Lanier, ideal for residence.
      Quail Mountain Trl, Gainesville, GA 30506
      View Details
    • $339,900
      0.80 Acres

      Lake Lanier Homesite with Dock

      Rare 0.8-acre Lake Lanier homesite with community dock slip.
      4227 Bayridge Dr, Gainesville, GA 30506
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      North Hall County Office Space

      2300 SF office space in excellent condition for rent.
      3631 Mount Vernon Rd, Gainesville, GA 30506
      View Details
    • $13 SF/Yr
      4,380 SF

      North Hall County Office Space

      Office space for rent in excellent condition, great exposure.
      3631 Mount Vernon Rd, Gainesville, GA 30506
      View Details
    • Contact for pricing

      Spacious Land with Rustic Barn

      8.66-acre parcel with barn, horse ring, and open land.
      7255B Wits End Dr, Gainesville, GA 30506
      View Details
    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.
    3255 Cleveland Hwy
    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
    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
    3255 Cleveland Hwy, 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!