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    1291 Myron Hart Road Coolidge, GA 31768

    View on Map
    Pending
    $1,550,000

    COMMERCIAL - Coolidge, GA

    Lot size:
    22.20 Acres
    Added:
    Mar 18, 2025
    Days on Market:
    380
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 1291 Myron Hart Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    A4-Ag
    Parking
    4
    Fencing
    Gate
    Standard status
    Pending
    APN
    C017011B
    Lot size
    22.20 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    2986

    Utilities

    Heating system
    Propane (Heating)
    Water source
    Well

    Building Details

    Year built
    1996
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame, MetalSiding, Concrete
    Roof type
    Metal
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Michael Cox
    Michael Cox

    Listing agent Michael Cox License #34182

    Listing office 5 Rocks Realty LLC 1639 Bradley Park Dr. Suite 500 - 375, Columbus, GA

    Listing date Mar 18, 2025

    MLS# E100504

    Copyright © 2026 East Alabama Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Poultry Breeder Farm

    This fully operational 4-house breeder poultry farm is located in Cooledge, Georgia, within Colquitt County, and occupies 22.2 acres of fenced and well-maintained land. The farm features an active grower contract with IPB and demonstrates a positive cash flow. The property includes four updated breeder houses, renovated in 2024. Two deep wells ensure a reliable water supply, complemented by a backup generator for uninterrupted operation. Updated stack houses are also present. A newly remodeled 3-bedroom, 1-bath mobile home is included, along with a storm shelter. Equipment such as a tractor with implements and a zero-turn mower are part of the sale. The farm is turnkey, producing consistent income. The property is located in a strong agricultural region. The property is zoned A4-Ag. The farm is under strict bio security practices. Listing agent must be present for all showings. All potential buyers must show ability to purchase prior to showing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Coolidge
    County
    Thomas
    State
    Georgia
    Longitude
    -83.917158
    Latitude
    31.060141

    FAQs

    What type of property is this?
    Farm - Operating 4-house breeder farm on 22.2 acres in Coolidge, GA.
    Where is this farm located?
    The property is located at 1291 Myron Hart Road Coolidge, GA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Turnkey and fully operational 4‑house breeder poultry farm with a current IPB grower contract and positive cash flow.; Includes 22.2 acres of fenced and gated farmland with updated breeder houses renovated in 2024.; Reliable water supply from two deep wells and a backup generator for uninterrupted operation.
    (706) 393-2044
    We can help!
    Listing Contact
    Michael Cox
    Michael Cox
    Real Estate License ID: 34182
    Learn More
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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
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