Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    660 Lanier Park Dr Gainesville, GA 30501-2075

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    660 Lanier Park Dr Gainesville, GA 30501-2075

    View on Map
    • Medical Office Space
    • 9,010 SF
    • 1.53 lot acres
    Off-Market
    Property ID
    US22-3045028
    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
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coleman Holly G MD / Physician
    • NGUA Ambulatory Urological Surgery Center / Physician
    • Gainesville Urologic Association / Medical Clinic
    • John Clay Mchugh / Physician / Medical Clinic

    Property Details for 660 Lanier Park Dr

    Year built
    1982
    Lot size
    1.53 lot acres
    Property size
    9,010 SF
    Zone code
    H-B
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    09-124 -000-049A
    APU
    09124000049A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,307,000
      Market price range: $1.21M - $2.49M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.798
    Latitude
    34.3185
    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
    $13,571
    $155,120
    $318,760
    $473,880
    -
    $387,800
    $796,900
    $1,184,700

    Comparable in this City

    • Value Estimation
      $1,555,000
      9,792 SF

      1955 Textile Way

      MEDICAL BUILDING • 9,792 SF
      1955 Textile Way, Gainesville, GA 30501-2543
      View Details
    • Value Estimation
      $3,460,000
      30,865 SF

      597 Nes Enota Dr

      MEDICAL BUILDING • 30,865 SF
      597 Nes Enota Dr, Gainesville, GA 30501
      View Details
    • Value Estimation
      $1,635,000
      12,708 SF

      1466 Jesse Jewell SE Pkwy

      MEDICAL BUILDING • 12,708 SF
      1466 Jesse Jewell SE Pkwy, Gainesville, GA 30501-3852
      View Details
    • Value Estimation
      $1,655,000
      12,160 SF

      1498 Jesse Jewell SE Pkwy

      MEDICAL BUILDING • 12,160 SF
      1498 Jesse Jewell SE Pkwy, Gainesville, GA 30501-3874
      View Details
    • Value Estimation by Request
      69,888 SF

      1485 Jesse Jewell NE Pkwy

      MEDICAL BUILDING • 69,888 SF
      1485 Jesse Jewell NE Pkwy, Gainesville, GA 30501-3801
      View Details
    • Value Estimation
      $5,430,000
      52,409 SF

      675 White Sulphur Rd

      MEDICAL BUILDING • 52,409 SF
      675 White Sulphur Rd, Gainesville, GA 30501-8921
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Office Building For Sale

      Class B medical office building near Northeast Georgia Medical Center.
      1498 Jesse Jewell Pkwy, Gainesville, GA 30501
      View Details
    • Contact for pricing
      6,157 SF

      Multi-Tenant Building in Medical District

      Income-producing multi-tenant building in Gainesville's medical and business district.
      302 Broad St SE, Gainesville, GA 30501
      View Details
    • $599,900

      Gainesville Office/Retail Building For Sale

      Newly constructed office/retail building in Gainesville's high-intensity area.
      535 Queen City Pkwy, Gainesville, GA 30501
      View Details
    • $2,308,600

      Gainesville Iconic Office Building

      Iconic office building in Gainesville, suitable for owner/user or investor.
      301 Green St NW, Gainesville, GA 30501
      View Details
    • Contact for pricing
      6,000 SF

      Gainesville Industrial Flex Space

      6,000 SF light industrial space with office.
      2427 Hilton Way, Gainesville, GA 30501
      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

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Office/Retail Center For Rent

      Medical/Office/Retail center with high visibility and ample parking.
      1856 Thompson Bridge Rd, Gainesville, GA 30501
      View Details
    • Contact for pricing

      Medical Office Space Available

      Class B medical office building near Northeast Georgia Medical Center.
      1498 Jesse Jewell Pkwy, Gainesville, GA 30501
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease or sale in Gainesville, GA.
      2481 Hilton Dr, Gainesville, GA 30501
      View Details
    • $20 SF/Yr
      1,022 SF

      Downtown Gainesville Executive Office Suites

      Executive office suites for rent in renovated downtown Gainesville building.
      311 Green St, Gainesville, GA 30501
      View Details
    • Contact for pricing

      Downtown Gainesville Professional Office Space

      Class A office space for lease in downtown Gainesville, GA.
      500 Jesse Jewell Pkwy, Gainesville, GA 30501
      View Details
    • Contact for pricing
      2,001 SF

      Class A Office Space Available

      Downtown Gainesville Class A office space for lease.
      500 Jesse Jewell Pkwy, Gainesville, GA 30501
      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.
    660 Lanier Park Dr
    Gainesville, GA 30501-2075
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!