Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111 Garden Hill Drive Albany, GA 31705

    View on Map
    Claim this Listing
    For Sale
    $995,000

    Residential Lots - Albany, GA

    Type:Single Family Residence
    Lot size:
    153.21 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    113
    Last Refresh:
    May 1 at 10:06 pm

    Property Features for 111 Garden Hill Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    County,Res Single,See Remarks
    Standard status
    Active
    APN
    See List
    Lot size
    153.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4800

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amanda Wiley & Kyla Standring Team

    Listing agent Amanda Wiley & Kyla Standring Team

    Listing office ERA ALL IN ONE REALTY 616 N. Westover Blvd., Albany, GA

    Listing date Jan 8, 2026

    MLS# 167352 Listing URL

    Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albany Residential Development Opportunity

    This property presents a development opportunity, encompassing approximately 153.21 total acres and featuring 22 residential parcels of land. The site is zoned County, Res Single, See Remarks. The acreage could be suitable for a residential development or a large home site. The property includes multiple lots with established road frontage. Included addresses are 28.5 acres on Garden Hill Dr, 117.5 acres on Radium Springs Road and smaller residential lots include 111 Garden Hill Drive, 2201 Chestnut, 2201 Jasmine Ct, 2202 Lilac Ct, 2203 Lilac, 2204 Chestnut, 2204 Jasmine, 2205 Jasmine, 2205 Lilac, 2206 Jasmine, 2209 Jasmine, 2213 Jasmine, 2223 Heather, 2226 Heather, 2236 Heather, 2237 Heather, 2238 Heather, 2239 Heather, 2241 Heather and 2211 Jasmine.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Nail Salon Auto Repair Shop Pharmacy Big Box & Wholesale Store Department Store Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.1343307
    Latitude
    31.5380564

    Nearby Similar for Sale

    • $325,000

      Restored Commercial Building Near Hospital

      Historic building restored for office, medical, or professional use.
      410 Society Avenue W, Albany, GA 31701
      View Details
    • $1,200,000

      Prime Commercial Strip in Albany

      Commercial strip with leasing opportunities and high traffic exposure.
      2820 Meredyth Dr, Albany, GA 31707
      View Details
    • $3,000,000
      6,384 SF

      Kings Inn: Development Opportunity

      Hospitality asset with expansion potential on 8.88 acres.
      1201 Schley Avenue, Albany, GA 31707
      View Details
    • $325,000

      Commercial Space in Historical District

      Office/meeting space in Albany's growing historical district.
      310 Tift Avenue, Albany, GA 31701
      View Details
    • $650,000

      Albany Commercial Land Redevelopment Opportunity

      9.29 acre corner lot zoned for mixed-use development.
      1626 Moultrie Road, Albany, GA 31705
      View Details
    • $599,900

      Prime Commercial Location in Albany

      High-traffic corner lot suitable for various commercial developments.
      1307 Slappey Blvd N, Albany, GA 31707
      View Details
    • $205,000

      Profitable Day Care Center Business

      Turn-key day care center in Albany, GA. Licensed for 34.
      1002 Tenth Ave, Albany, GA 31701
      View Details
    • $99,900

      Commercial Building on Westover Blvd

      3,000 sq ft commercial building with road frontage.
      805 Westover Blvd, Albany, GA 31707
      View Details
    • $725,000

      Albany Commercial Land Opportunity

      22.24 acres of commercial land in Albany, Georgia.
      000 Moultrie Road, Albany, GA 31705
      View Details
    • $639,000

      Land Zoned C3 in Albany

      Land in Opportunity Zone and Historical District, Albany, GA.
      626 Roosevelt Avenue, Albany, GA 31701
      View Details
    • $886,500

      188 Acres South Georgia Land

      Residential and recreational land with conservation program and wildlife.
      3722 Countryside Drive, Albany, GA 31705
      View Details
    • $12,900

      Vacant Lot in Established Neighborhood

      0.24-acre lot near Tift Park, ideal for new home.
      616 W 1st Avenue, Albany, GA 31701
      View Details

    FAQs

    What type of property is this?
    Land - 153.21 acres with 22 residential parcels for development.
    Where is this land located?
    The property is located at 111 Garden Hill Drive Albany, GA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Approximately 153.21 total acres available.; Includes 22 residential parcels of land.; Wonderful development opportunity.
    (229) 888-6653
    We can help!
    Listing Contact
    Amanda Wiley & Kyla Standring Team
    Learn More
    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.
    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

    Thank You for Inquiry

    111 Garden Hill Drive, Albany, GA 31705

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!