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    1221 Us Highway 27 Franklin, GA 30217

    Sponsored
    For Sale
    $164,000

    LAND - Franklin, GA

    Property size:
    1,750 SF
    Lot size:
    9.86 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 29 at 7:06 am

    Property Features for 1221 Us Highway 27

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    0.0
    Size
    1,750 SF
    Lot size
    9.86 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well
    Water front
    1

    We can help!

    Listing Contact
    Tracey Crane

    Virtual Properties Realty (770) 495-5050

    Listing agent Tracey Crane (770) 495-5050

    Listing date Jan 10, 2026

    MLS# 10570563 Listing URL

    Copyright © 2026 Georgia Multiple Listing Service. 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

    Estate Lot Near West Point Lake

    This 9.86-acre estate lot is located in the Big Pine community, which features eight executive home sites in a private, wooded setting with gently rolling hills. The property allows for custom-built homes with a minimum size of 1,750 square feet and offers flexibility with no HOA and soft covenants. Lot F provides multiple building sites suitable for both slab or basement floor plans. The rear of the lot borders U.S. Corps of Engineers property, granting direct access to the New River and West Point Lake for boating, fishing, and outdoor activities. Big Pine is centrally located in Heard County, known for its school system, and provides easy access to major highways. It is 18 minutes from the I-85 Grantville Exit, near Ringer Park boat access and wildlife management areas, and a short drive to LaGrange and Franklin. Newnan and Carrollton are each a 25-minute drive away. The community features a beautiful entrance, a covered drive-thru postal area, and a remote-controlled access gate. The area is surrounded by pines and hardwoods. The soil test has already been completed. The property is suited for building a dream home or creating a weekend retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Pharmacy Convenience Store Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Heard
    State
    Georgia
    Longitude
    -85.02257
    Latitude
    33.210391

    Nearby Similar for Sale

    • $347,000
      1.70 Acres

      Heard County Investment Opportunity

      Multi-unit property on 1.7 acres with income potential.
      19860 Ga Highway 34, Franklin, GA 30217
      View Details
    • $515,000
      1.45 Acres

      Five-Unit Residential Income Property

      Five-unit property in Franklin, GA with income and expansion potential.
      284 Newnan St, Franklin, GA 30217
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 9.86-acre estate lot with lake access and building flexibility.
    Where is this residential land & home lot located?
    The property is located at 1221 Us Highway 27 Franklin, GA.
    What is the asking price?
    The asking price for this property is $164,000.
    What are key features of this property?
    This property features: - Direct access to the New River and West Point Lake via bordering U.S. Corps of Engineers property.; - Large estate lot in a private, peaceful, and exclusive community with only eight home sites.; - No HOA and soft covenants offer freedom to build a custom home with multiple suitable building sites.
    (770) 328-8629
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    1221 Us Highway 27 Franklin, GA 30217
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    Franklin, GA 30217
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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
    1221 Us Highway 27 Franklin, GA 30217
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    We can help!
    Listing Contact
    Tracey Crane
    Real Estate License ID: 394984
    (770) 328-8629
    Learn more
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