Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 Alcovy Rd Thomson, GA 30824

    Sponsored
    For Sale
    Pending
    $35,000

    LAND - Thomson, GA

    Lot size:
    1.00 Acre
    Days on Market:
    3
    Last Refresh:
    Feb 22 at 11:06 am

    Property Features for 111 Alcovy Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    0020b011
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Preston Myhand

    Blanchard & Calhoun - Evans (706) 868-1000

    Listing agent Preston Myhand (706) 420-5706 License #438781

    Listing date Feb 20, 2026

    MLS# 550600

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Thomson, GA

    This one-acre lot, located in West Thomson Acres, offers the opportunity to build a custom home. The property benefits from convenient access to the city and is situated less than 3 miles from a private school. Public water and electricity services are available. The property is located in Thomson, Georgia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Nail Salon Building Supply Auto Repair Shop Bar & Pub Food Market Grocery & Convenience Store Hotel & Motel Cafe & Coffee Shop Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thomson
    County
    McDuffie
    State
    Georgia
    Longitude
    -82.545373
    Latitude
    33.442518

    Nearby Similar for Sale

    • $199,900
      2,392 SF

      Versatile Commercial Building in Thomson

      Well-designed commercial space suitable for various professional uses.
      320 Hospital Dr, Thomson, GA 30824
      View Details
    • $170,000
      1,232 SF

      Downtown Thomson Income Property

      Six rental units near downtown Thomson with income potential.
      119 Georgia Ave, Thomson, GA 30824
      View Details
    • $70,000
      Pending

      Income-Producing Units Near Downtown

      Three rental units on one parcel, excellent investment opportunity.
      Mlk Jr, Thomson, GA 30824
      View Details
    • $699,000
      10,827 SF

      Thomson Flex Space Opportunity

      Versatile 10,827 SF flex building in Thomson, Georgia.
      225 West Hill St, Thomson, GA 30824
      View Details
    • $700,000
      27,500 SF

      Camak Warehouse: Thomson, GA

      Climate-controlled warehouse, prime location.
      117 First Ave, Thomson, GA 30824
      View Details
    • $529,000
      12.01 Acres

      Thomson Subdivision Development Opportunity

      12 Acres, 27 Lots, Ready to Build
      000 Johannes Dr, Thomson, GA 30824
      View Details
    • $699,000
      10,827 SF

      Thomson Industrial Property: $699,000

      10,827 SF Flex Space, Thomson, GA
      225 Hill St, Thomson, GA 30824
      View Details
    • Contact for pricing
      4,680 SF

      Multi-Office Flex Property For Sale

      Flex property with office units and warehouse space for sale.
      647 Main St, Thomson, GA 30824
      View Details
    • $109,900
      960 SF

      Thomson Commercial Space - High Traffic!

      Downtown Thomson business space, high foot traffic, great parking.
      126 Railroad St, Thomson, GA 30824
      View Details
    • $129,000
      960 SF

      Thomson Retail Storefront - $129K

      Historic Downtown Thomson storefront, 960 sq ft.
      126 Railroad St, Thomson, GA 30824
      View Details
    • Contact for pricing
      3,726 SF

      Renovated Retail Building Near I-20

      Renovated 3,726 SF retail building with high traffic volume.
      1494 Washington Rd, Thomson, GA
      View Details
    • Contact for pricing
      1,036 SF

      Thomson Commercial Building For Sale

      Commercial building with 1,036 square feet of space.
      1385 Washington Rd, Thomson, GA
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre lot suitable for building a custom home.
    Where is this residential land & home lot located?
    The property is located at 111 Alcovy Rd Thomson, GA.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Rare opportunity to purchase and build your dream home.; - Convenient access to the city.; - Located less than 3 miles from a private school.
    (478) 494-9966
    Request Owner's contact information
    111 Alcovy Rd Thomson, GA 30824
    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.
    111 Alcovy Rd
    Thomson, GA 30824
    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
    111 Alcovy Rd Thomson, GA 30824
    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

    We can help!
    Listing Contact
    Preston Myhand
    Real Estate License ID: 438781
    (478) 494-9966 (706) 420-5706
    Learn more
    Google sign-in failed. Please try again or use another login method.