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

    123 Westover Drive Adel, GA 31620

    View on Map
    For Sale
    $200,000

    Land - Adel, GA

    Type:Single Family Residence
    Lot size:
    11.00 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 123 Westover Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R1A
    Exterior features
    Driveway
    Standard status
    Active
    APN
    0026D 055&056
    Lot size
    11.00 Acres

    Taxes and HOA fees

    TaxYear
    2026
    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Whitney Sharpe

    Listing agent Whitney Sharpe

    Listing office Southern Classic Realtors P.O. Box 6565, Athens, GA

    Listing date Mar 6, 2026

    MLS# 152893 Listing URL

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

    Overview

    Land with Pond and Shops

    This 11-acre property features two metal building shops and a 1-bedroom, 1-bathroom apartment. A previous home was lost in a fire, leaving an in-ground pool. The property includes a large pond with five docks, stocked with bass, brim, and speckled perch. A deer stand is located at the back of the land. There is ample buildable area for a custom home. Located in the county, the property is minutes from town, I-75, and various amenities. Modular homes are permitted, but mobile homes are not.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Food Market Grocery & Convenience Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Adel
    County
    Cook
    State
    Georgia
    Longitude
    -83.4495241
    Latitude
    31.1485708

    Nearby Similar for Sale

    • $99,500
      1,000 SF

      Downtown Adel Commercial Opportunity

      Charming commercial property in historic downtown Adel, Georgia.
      110 Hutchinson, Adel, GA 31620
      View Details
    • $159,900
      1,906 SF

      Commercial Property in High-Traffic Area

      Commercial property with five offices, reception area, and bathroom.
      1102 Hutchinson, Adel, GA 31620
      View Details
    • $599,500
      7,125 SF

      Turnkey Restaurant Opportunity in Adel

      Fully equipped restaurant for sale in downtown Adel, Georgia.
      130 Hutchinson Ave, Adel, GA 31620
      View Details
    • $149,500
      2,000 SF

      Downtown Adel Retail/Office Opportunity

      Prime retail or office property in Downtown Adel, Georgia.
      134 Hutchinson, Adel, GA 31620
      View Details
    • $129,000
      1,830 SF

      Adel, GA Commercial Opportunity

      Restaurant/bar with apartment in Adel, Georgia for sale.
      112 Hutchinson Ave, Adel, GA 31620
      View Details
    • $499,900

      38.95 Acres of Land in Adel

      38.95 acres of land with residential structures in Adel, GA.
      10580 Hwy 76, Adel, GA 31620
      View Details
    • $590,000
      864 SF

      Adel, GA Retail Opportunity

      Value-add convenience retail opportunity in Adel, Georgia.
      300 North Hutchinson Avenue, Adel, GA 31620
      View Details
    • $39,000

      Rural Land Near Adel, Georgia

      3.82-acre property near Adel with I-75 access.
      Lot 3 Caulie Harris Rd., Adel, GA 31620
      View Details
    • $599,500

      Turnkey Restaurant Opportunity in Adel

      Fully equipped restaurant for sale in downtown Adel, Georgia.
      130 S Hutchinson Ave, Adel, GA, 31620-2646
      View Details
    • $179,900
      1,860 SF

      Retail Suites in Central Adel

      Three retail suites in central Adel, Georgia, for sale.
      508 W Fourth Street, Adel, GA 31620
      View Details
    • $10,500,000
      12,947 SF

      Hampton Inn Adel For Sale

      Hilton-branded hotel off I-75 in Adel, Georgia.
      1500 W 4th St, Adel, GA 31620
      View Details
    • $99,500

      Downtown Adel Commercial Property

      Charming commercial property in historic downtown Adel, Georgia.
      110 S Hutchinson Ave, Adel, GA, 31620-2646
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 11 acres with pond, shops, and apartment near I-75.
    Where is this residential land & home lot located?
    The property is located at 123 Westover Drive Adel, GA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 11‑acre property featuring a large stocked pond with 5 docks.; Two metal building shops and a 1BR/1BA apartment are included.; Enjoy the in‑ground pool on the property.
    (229) 292-7190
    We can help!
    Listing Contact
    Whitney Sharpe
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!