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    8205 Old Keith Bridge Rd Gainesville, GA 30506
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    8205 Old Keith Bridge Rd Gainesville, GA 30506

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    • Residential land & home lots
    Off-Market
    Property ID
    US22-1723931
    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

    • Residential land & home lots

    Property Details for 8205 Old Keith Bridge Rd

    Property type
    Residential land & home lots

    Description

    PROPERTY OVERVIEW The Norton Commercial Acreage Group presents for sale this 16.6 +/- acre lot, zoned AG1, located roughly 1 mile from the intersection of Hwy 53 (Dawsonville Highway) and Keith Bridge Road in NE Forsyth County, GA. With rolling to sloping topography near Lake Lanier, the site is mostly wooded with a small creek through the center of the property and multiple homesites throughout. Approximately 115 feet of road frontage on Old Keith Bridge Road and all utilities are to the site including public water (except sanitary sewer). Site is located within the highly desirable Forsyth County School System. The area’s exceptional quality of life and good employment opportunities, while remaining relatively affordable, makes this site a superb opportunity as a midsize estate property or minor subdivision. LOCATION OVERVIEW Forsyth County has some of the best schools in the state and, according to Niche.com, is consistently in the top 10 counties in which to live across the USA. The best of both worlds: less than an hour to Atlanta, 20 minutes to the mountains and mere minutes from Lake Lanier. Easy access to all Gainesville has to offer as well as Chestatee ES (1.8 mi), Little Mill MS (6.3 mi) and East Forsyth HS (4.9 mi). Commercially, there has been an explosion of activity in Dawsonville (Kroger Power Center and Publix Anchored Center) along with the Premium Outlets. Located about halfway between these two commercial nodes, this site is a great option for a minor residential development or midsize estate tract.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.9636676
    Latitude
    34.2985477

    Comparable in this City

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      Picturesque wooded lot in Gainesville's Stratford on Lanier neighborhood.
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      Lake Lanier Waterfront Double Lot

      Waterfront double lot in Harbour Point Yacht Club.
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      Residential Land in Gated Community

      2.93 acre lot in a gated community near lake.
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    • $1,600,000
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      Gainesville Land with Lake Views

      4.92 acre lot with no HOA and lake views.
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    • $299,000
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      Cleared Lot Ready to Build

      1.04-acre lot in North Hall, ready for building.
      3439 Clarks Bridge Rd, Gainesville, GA 30506
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    • $165,000
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      Gainesville Cleared Estate Lot

      Cleared 1.677 acre lot ready for custom build.
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    Similar Nearby for Sale

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      Gainesville GA Land For Sale

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    • $85,000
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      Residential Land in Stratford on Lanier

      Picturesque wooded lot in Gainesville's Stratford on Lanier neighborhood.
      6060 Rockingham Way, Gainesville, GA 30506
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    • $275,000
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      Lake Lanier Waterfront Double Lot

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      3555 Water Front Dr, Gainesville, GA 30506
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    • $200,000
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      Residential Land in Gated Community

      2.93 acre lot in a gated community near lake.
      6010 Moonlight Pl, Gainesville, GA 30506
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    • $1,600,000
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      Gainesville Land with Lake Views

      4.92 acre lot with no HOA and lake views.
      Bailey Mill Rd, Gainesville, GA 30506
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    • $299,000
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      Cleared Lot Ready to Build

      1.04-acre lot in North Hall, ready for building.
      3439 Clarks Bridge Rd, Gainesville, GA 30506
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent

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      Outparcel Near Kroger and Development

      Outparcel available with cross-access to Kroger and new development.
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      North Hall County Office Space

      2300 SF office space in excellent condition for rent.
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    • $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
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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.

    More about this property
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