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    3510 Thompson Bridge Rd Gainesville, GA 30506
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    Property profile & analytics

    3510 Thompson Bridge Rd Gainesville, GA 30506

    View on Map
    • Strip malls
    • 7,900 SF
    • 1.66 lot acres
    For Sale
    $1,080,000
    View Listing →
    Retail Center on Thompson Bridge Road For Sale
    $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 Listing
    Property ID
    US22-0302361
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mai's Massage / Alternative Medicine Practice / Spa & Massage Center
    • Jazzercise Gainesville / Gym & Fitness Center
    • Grindle and Cole / Real Estate Agency
    • Rustic Roots Hair Company / Hair Salon
    • Duncan Exterminating / Garden Center

    Property Details for 3510 Thompson Bridge Rd

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.66 lot acres
    Property size
    7,900 SF
    Zone code
    PCD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    10-114 -000-001
    APU
    10114000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,225,000
      Current use
      MEDICAL BUILDING
      $1,635,000
      Change: +33% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,585,000
      Change: +30% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $1,295,000
      Change: +6% Conversion: Moderate
      RETAIL STORES
      $1,185,000
      Change: -3% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.8658
    Latitude
    34.3669
    CBSA code
    23580
    CBSA name
    GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,694
    $190,880
    $322,592
    $513,472
    -
    $477,200
    $806,480
    $1,283,680

    Comparable in this City

    • Value Estimation
      $1,345,000
      13,800 SF

      4147 Cleveland Hwy

      SHOPPING CENTER, STRIP CENTER • 13,800 SF
      4147 Cleveland Hwy, Gainesville, GA 30506-3265
      View Details
    • Value Estimation
      $6,455,000
      60,426 SF

      3320 Thompson Brg Rd

      SHOPPING CENTER, STRIP CENTER • 60,426 SF
      3320 Thompson Brg Rd, Gainesville, GA 30506-1514
      View Details
    • Value Estimation
      $725,000
      5,929 SF

      3286 Thompson Brg Rd

      SHOPPING CENTER, STRIP CENTER • 5,929 SF
      3286 Thompson Brg Rd, Gainesville, GA 30506
      View Details
    • Value Estimation
      $1,270,000
      6,368 SF

      2197 Dawsonville Hwy

      SHOPPING CENTER, STRIP CENTER • 6,368 SF
      2197 Dawsonville Hwy, Gainesville, GA 30506-5509
      View Details
    • Value Estimation by Request
      3,090 SF

      5646 Price Roa

      Lifestyle centers • 3,090 SF
      5646 Price Roa, Gainesville, GA 30506
      View Details
    • Value Estimation
      $1,770,000
      21,300 SF

      5137 Cleveland Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 21,300 SF
      5137 Cleveland Hwy, Gainesville, GA 30506-2875
      View Details

    Similar Nearby for Sale

    • New
      $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 Rd, Gainesville, GA 30506
      View Details
    • $399,900
      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
    • $495,000
      1.06 Acres

      Lake Lanier Waterfront Land Opportunity

      Exceptional lot with water views and direct lake access.
      6212 Autumn Hill Ct, Gainesville, GA 30506
      View Details
    • Contact for pricing

      Prime Commercial Land Near Lake Lanier

      17.79 acre commercial property near Lake Lanier in Gainesville, GA.
      7770 Old Keith Bridge Rd, Gainesville, GA 30506
      View Details
    • $519,000

      Lake Lanier Waterfront Lot

      Rare lakefront lot with dock on Lake Lanier.
      6855 Hardwood Trl, Gainesville, GA 30506
      View Details
    • $500,000

      Lake Lanier Buildable Waterfront Lot

      Buildable lakefront lot with deep water and gentle shoreline access.
      3116 Lake Ranch Cir, Gainesville, GA 30506
      View Details

    Similar Nearby for Lease

    • $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

      Outparcel Near Kroger and Development

      Outparcel available with cross-access to Kroger and new development.
      3654 Thompson Bridge Rd, Gainesville, GA 30506
      View Details
    • Contact for pricing

      Land for Rent

      Land available for rent at 3654 Thompson Bridge Rd.
      3654 Thompson Bridge Rd, Gainesville, GA 30506
      View Details
    • 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
    View Listing
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    Gainesville, GA 30506
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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.

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