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    Gillsville Lake Rd Gillsville, GA 30543

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    Gillsville Lake Rd Gillsville, GA 30543

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    Property Details for 0 Gillsville Lake Rd

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 54.7-acre property located on Gillsville Lake Road in Banks County, Georgia, presents a unique investment opportunity. Situated in the Gillsville Watershed, this land boasts private lake access, offering unparalleled recreational potential. The property's diverse uses include agricultural pursuits, hunting, and timber harvesting, making it ideal for a variety of ventures. Its convenient location, approximately four miles from Highway 52, ensures easy accessibility while maintaining a secluded feel. The asking price for this expansive tract is $800,000. Detailed surveys and assessments are available upon request to fully explore the property's potential. The property's zoning and permitted uses should be independently verified by prospective buyers. This is a rare opportunity to acquire a substantial land holding with diverse income potential and exceptional recreational amenities in a desirable Georgia location. The 30543 zip code offers proximity to local amenities while preserving the tranquil setting of this remarkable property. Buyers are encouraged to conduct their own due diligence to confirm all aspects of the property's suitability for their intended use. This is a truly exceptional opportunity for those seeking a blend of investment potential and recreational enjoyment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gillsville
    County
    Banks
    State
    Georgia
    Longitude
    -83.6175
    Latitude
    34.3423

    Comparable in this City

    • Value Estimation by Request
      48.54 Acres

      5401 Highway 52

      Land • 48.54 Acres
      5401 Highway 52, Gillsville, GA 30543
      View Details
    • Value Estimation by Request
      2.37 Acres

      Hwy 323

      VACANT COMMERCIAL LAND • 2.37 Acres
      Hwy 323, Gillsville, GA 30543
      View Details
    • Value Estimation
      $1,300,000
      3.29 Acres

      4340 Holly Spgs Rd

      INDUSTRIAL - VACANT LAND • 3.29 Acres
      4340 Holly Spgs Rd, Gillsville, GA 30543-3025
      View Details
    • Value Estimation by Request
      3,700 SF

      6274 Hwy 52

      CONVENIENCE STORE • 3,700 SF
      6274 Hwy 52, Gillsville, GA 30543-2404
      View Details
    • Value Estimation
      $750,000
      15,000 SF

      4024 Joe Chandler Rd

      MANUFACTURING (LIGHT) • 15,000 SF
      4024 Joe Chandler Rd, Gillsville, GA 30543-2301
      View Details
    • Value Estimation by Request
      744 SF

      6288 Hwy 52

      RETAIL STORES (PERSONAL SERVICES) • 744 SF
      6288 Hwy 52, Gillsville, GA 30543-2404
      View Details

    Similar Nearby for Sale

    • $180,000
      11.77 Acres

      Gillsville Land with Stocked Lake

      11.77 acre property with a 4.7 acre lake.
      Rolling Ridge Dr, Gillsville, GA 30543
      View Details
    • $169,860
      5.96 Acres

      Gillsville, GA Estate Lot

      5.96-acre estate lot in Gillsville, perfect for a homestead.
      4260 Joe Chandler Rd, Gillsville, GA 30543
      View Details
    • $180,000
      11.77 Acres

      Gillsville Land with Stocked Lake

      11.77 acre lot with 4.7 acre lake.
      Rolling Ridge Dr, Gillsville, GA 30543
      View Details
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    Gillsville Lake Rd
    Gillsville, GA 30543
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    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
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