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

    16 Omega Way Hiawassee, GA 30546

    Sponsored
    For Sale
    $310,000

    Lakefront Lot - Hiawassee, GA

    Lot size:
    1.08 Acres
    Days on Market:
    35
    Last Refresh:
    Feb 26 at 11:06 am

    Property Features for 16 Omega Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    H001 106
    Lot size
    1.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nona Hodnett
    Nona Hodnett

    Mountain Realty Inc (706) 896-2283

    Listing agent Nona Hodnett (706) 896-2283

    Listing date Jan 23, 2026

    MLS# 407086 Listing URL

    Copyright © 2026 Northeast Georgia 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.

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot in Hiawassee, GA

    This lakefront lot, located approximately 0.5 miles from Hiawassee in an established subdivision, offers a unique opportunity with its desirable features. The property spans 1.075 acres and includes a dock, providing direct access to the lake. The lot is relatively flat leading to the lake and offers year-round views. A small stream runs along the right side of the property. The property benefits from sewer access and public water, eliminating the need for septic or well installation. Recent clearing has been completed, and a paved driveway already extends to the lake frontage. The property has only three restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hiawassee
    County
    Towns
    State
    Georgia
    Longitude
    -83.75064631
    Latitude
    34.96018039

    Nearby Similar for Sale

    • New
      $380,000
      2,664 SF

      Hiawassee Commercial Property For Sale

      Thriving convenience store near Lake Chatuge and downtown Hiawassee.
      1825 Streak Hill Rd, Hiawassee, GA 30546
      View Details
    • $599,000
      0.46 Acres

      Prime Corner Lot in Hiawassee

      Corner lot ideal for restaurant, retail, or mixed-use development.
      81 River St, Hiawassee, GA 30546
      View Details
    • $599,000
      2,304 SF

      Prime Corner Commercial Opportunity

      High-traffic corner lot in Hiawassee, suitable for retail/restaurant.
      81 River St N, Hiawassee, GA 30546
      View Details
    • $329,900
      0.59 Acres

      Lake Access Lot in Hiawassee

      Level lot with deeded boat slip in gated community.
      #2A/B Tranquil Pointe Ln, Hiawassee, GA 30546
      View Details
    • $375,000
      1.40 Acres

      Mountain Retreat Multi-Family Home

      Charming multi-level home in Bald Mountain Park, Hiawassee, GA.
      4113 White Oak Dr, Hiawassee, GA 30546
      View Details
    • $825,000
      Pending

      Hiawassee Mountain Compound with Income

      Versatile mountain property with main house, apartment, and guest house.
      441 Mull Rd, Hiawassee, GA 30546
      View Details
    • $825,000
      Pending

      Hiawassee Mountain Compound

      Versatile mountain property with income potential near Lake Chatuge.
      441 Mull Rd, Hiawassee, GA 30546
      View Details
    • $349,000
      3.34 Acres

      Unrestricted Property with Highway Frontage

      Versatile property suitable for residential or commercial use.
      795 Sunnyside Rd, Hiawassee, GA 30546
      View Details
    • Contact for pricing
      0.05 Acres

      Commercial Garage with Highway Frontage

      650 sq ft commercial garage with excellent highway frontage.
      1753b1 Highway 76 E, Hiawassee, GA 30546
      View Details
    • $79,999
      1.43 Acres

      Unrestricted Lot with Existing Utilities

      1.43 acre lot with utilities ready for RV or home.
      4730 Laurel Mountain Rd, Hiawassee, GA 30546
      View Details
    • $538,900
      2,296 SF

      Hiawassee Restaurant with Lake Views

      Restaurant on 2.14 acres with lake and mountain views.
      3064 Us Hwy 76 W, Hiawassee, GA 30546
      View Details
    • $37,000
      1.31 Acres

      Land in Hiawassee, Georgia

      Residential land for sale in Hiawassee, Georgia.
      Indian Rock Br, Hiawassee, GA 30546
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lakefront lot with dock, flat access, and year-round views.
    Where is this residential land & home lot located?
    The property is located at 16 Omega Way Hiawassee, GA.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - Lakefront lot with existing dock.; - Flat lot with year-round lake view.; - Public water and sewer access, so no septic or well needed.
    (423) 260-7822
    Request Owner's contact information
    16 Omega Way Hiawassee, GA 30546
    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.
    16 Omega Way
    Hiawassee, GA 30546
    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
    16 Omega Way Hiawassee, GA 30546
    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
    Nona Hodnett
    Nona Hodnett
    Real Estate License ID: 373559
    (423) 260-7822 (706) 896-2283 (423) 877-1966
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!