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    For Sale (23)

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    Eatonton, GA Land For Sale
    $359,000
    36.00 Acres

    Eatonton, GA Land For Sale

    36 acres of land available in Eatonton, Georgia.

    Monticello Rd, Eatonton, GA 31024
    View details
    Greensboro Land with Golf Views
    $535,000
    0.75 Acres

    Greensboro Land with Golf Views

    Residential land with golf views in Greensboro, Georgia.

    1191 Lk Vw Ct, Greensboro, GA 30642
    View details
    Milledgeville Commercial Property For Sale
    $499,000
    960 SF

    Milledgeville Commercial Property For Sale

    Adaptable commercial property in Milledgeville, GA, with high visibility.

    111 Elbert St, Milledgeville, GA 31061
    View details
    Versatile Commercial Space Near Lake
    $859,999
    3,000 SF

    Versatile Commercial Space Near Lake

    Recently built flex space with office and warehouse areas.

    103 New Phoenix Rd, Eatonton, GA 31024
    View details
    Lake Oconee Waterfront Homesite
    $549,999
    1.10 Acres

    Lake Oconee Waterfront Homesite

    1.1-acre waterfront lot on Lake Oconee's Richland Creek.

    1290 Tal Lewis Rd, White Plains, GA 30678
    View details
    Renovated Restaurant with Commercial Kitchen
    $279,500
    1,200 SF

    Renovated Restaurant with Commercial Kitchen

    Renovated restaurant with commercial kitchen on 2.4 acres.

    1101 Washington Hwy, Union Point, GA 30669
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    28 Acres Pasture Land
    $434,000
    28.71 Acres

    28 Acres Pasture Land

    28 acres of partially wooded and open pasture land.

    000 Washington Hwy, Union Point, GA 30669
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    Reynolds Lake Oconee Homesite
    $435,000
    0.99 Acres

    Reynolds Lake Oconee Homesite

    Corner lot in The Landing subdivision with resort-style amenities.

    1220 Anchor Bay Cir, Greensboro, GA 30642
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    Lake Oconee Waterfront Lot
    $237,500
    0.78 Acres

    Lake Oconee Waterfront Lot

    Vacant lot with 122 ft of Lake Oconee frontage.

    308 River Lake Dr, Eatonton, GA 31024
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    Remodeled Townhome in Reynolds Lake
    $609,900
    1,952 SF

    Remodeled Townhome in Reynolds Lake

    Fully furnished 3-bedroom townhome with lake access.

    1015 Planters Trl, Greensboro, GA 30642
    View details
    Lake Oconee Estate Equestrian Property
    $2,395,000
    11.93 Acres

    Lake Oconee Estate Equestrian Property

    Estate property with waterfront and equestrian potential on Lake Oconee.

    222 Waters Edge Dr, Eatonton, GA 31024
    View details
    Lake Oconee View Residential Land
    $325,000
    0.38 Acres

    Lake Oconee View Residential Land

    Residential land with lake views, assigned slip, and pond frontage.

    1040 Osprey Cir, Greensboro, GA 30642
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    Land in Gated Community
    Contact for pricing
    0.30 Acres

    Land in Gated Community

    Land in a small, gated community at Lake Wildwood.

    578 Bristle Cone Dr, Macon, GA 31220
    View details
    36 Acres of Agricultural Land
    $359,000
    36.00 Acres

    36 Acres of Agricultural Land

    36 acres of agricultural land for sale in Eatonton, GA.

    Monticello Rd, Eatonton, GA 31024
    View details
    Riverfront Land Parcel on Little River
    $649,000
    6.04 Acres

    Riverfront Land Parcel on Little River

    6.04-acre riverfront parcel with 900+ feet of frontage.

    6.04 Ac Linchburg Rd, Eatonton, GA 31024
    View details
    Eatonton Commercial Building For Sale
    $299,000
    4,940 SF

    Eatonton Commercial Building For Sale

    4,940 SF commercial building suitable for auto repair or redevelopment.

    121 Coleman Dr, Eatonton, GA 31024
    View details
    Lake Oconee Waterfront Lot
    $237,500

    Lake Oconee Waterfront Lot

    Vacant lake lot with 122 ft water frontage.

    308 River Lake Dr, Eatonton, GA 31024
    View details
    Lake Oconee Waterfront Equestrian Estate
    $2,395,000

    Lake Oconee Waterfront Equestrian Estate

    Rare opportunity: Lake Oconee estate with equestrian potential.

    222 Waters Edge Dr, Eatonton, GA 31024
    View details
    Adaptable Commercial Building in Milledgeville
    Contact for pricing
    2,336 SF

    Adaptable Commercial Building in Milledgeville

    High-visibility commercial building suitable for retail, office, or service businesses.

    111 Elbert St, Milledgeville, GA 31061
    View details
    Renovated Commercial Kitchen on 2.4 Acres
    $299,900

    Renovated Commercial Kitchen on 2.4 Acres

    Renovated 1200 SF commercial kitchen on 2.4 acres.

    1101 Washington Hwy, Union Point, GA 30669
    View details
    Versatile Commercial Space Near Lake Oconee
    $879,999

    Versatile Commercial Space Near Lake Oconee

    Recently built flex space with office and warehouse areas.

    103 New Phoenix Rd, Eatonton, GA 31024
    View details
    Land for Sale
    $549,999

    Land for Sale

    Land available in Greene County.

    1290 Tal Lewis Rd, White Plains, GA 30678
    View details
    Established Auto Repair Shop
    $299,000

    Established Auto Repair Shop

    4,800+ sq ft commercial building in downtown Eatonton, GA.

    121 Coleman Dr, Eatonton, GA 31024
    View details

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    Coldwell Banker Lake Oconee Realty/Lake Country
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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
    Coldwell Banker Lake Oconee Realty/Lake Country
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