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

    1604 Twin Lakes Drive lot 21 Bainbridge, GA 39819

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Bainbridge, GA

    Lot size:
    0.79 Acres
    Added:
    Oct 27, 2023
    Days on Market:
    911
    Last Refresh:
    Apr 24 at 9:06 pm

    Property Features for 1604 Twin Lakes Drive lot 21

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential/Single Family
    Standard status
    Active
    Lot size
    0.79 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Mills Brock

    Listing agent Mills Brock

    Listing office 3 Rivers Realty 331 A W Water Street, Bainbridge, GA

    Listing date Oct 27, 2023

    MLS# 11792 Listing URL

    Copyright © 2026 Southwest Georgia Board of Realtors 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

    Residential Lot in Mature Subdivision

    This 0.79-acre level building lot is situated between 1602 and 1606 Twin Lakes Drive in Bainbridge, GA. Located in a mature subdivision, the property benefits from a strong historic resale value within a highly desirable area. The zoning is Residential/Single Family. Restrictions apply, allowing only conventionally on-site built homes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge
    County
    Decatur
    State
    Georgia
    Longitude
    -84.5508009
    Latitude
    30.8938177

    Nearby Similar for Sale

    • $635,000
      4,717 SF

      Versatile Commercial Property on 6.9 Acres

      Adaptable commercial property suitable for various uses in Bainbridge, GA.
      2222 Dothan Rd. (6.902 acres), Bainbridge, GA 39817
      View Details
    • $635,000
      4,717 SF

      Versatile Commercial Property on 6.9 Acres

      Adaptable commercial property suitable for various uses in Bainbridge, GA.
      2222 Dothan Rd. (6.902 acres), Bainbridge, GA 39817
      View Details
    • $800,000

      Active Truck Repair Shop For Sale

      Operating semi-truck repair shop on 9.99 acres near Highway 84.
      2519 Dothan Road, Bainbridge, GA 39817
      View Details
    • $920,000

      Commercial Land in High-Traffic Area

      Prime commercial land in Bainbridge's business corridor.
      1503 Shotwell, Bainbridge, GA 39817
      View Details
    • $135,000

      Bainbridge Industrial Facility For Sale

      40' X 100' industrial facility in Bainbridge, Georgia.
      739 Campbell St, Bainbridge, GA 39819
      View Details
    • $1.00

      Bainbridge Truck Ice Facility

      Bank-owned, fully equipped ice production and distribution facility on 1.91± acres.
      3301 Dothan Road, Bainbridge, GA 39825
      View Details
    • $875,000

      Bainbridge Shopping Center For Sale

      Shopping center with leased anchor restaurant and rental units.
      1122 E Shotwell St., Bainbridge, GA 39819
      View Details
    • $219,000
      1,260 SF

      Downtown Bainbridge Commercial Property

      Turnkey commercial property in the heart of downtown Bainbridge, Georgia.
      304 E Water Street, Bainbridge, GA 39817
      View Details
    • $136,000
      1,080 SF

      Equipped Commercial Property on Faceville Highway

      Spacious, fully-equipped commercial property, formerly a salon, ready for new owner.
      1035 Faceville Highway, Bainbridge, GA 39819
      View Details
    • $195,000
      1,312 SF

      Renovated Commercial Building in Bainbridge

      Income-generating commercial building in downtown Bainbridge, GA with expansion potential.
      E 114 Clay Street, Bainbridge, GA 39819
      View Details
    • $499,500

      Commercial Land on Tallahassee Hwy

      One acre commercial property with high visibility on Tallahassee Hwy.
      1707 Tallahassee Hwy., Bainbridge, GA 39819
      View Details
    • $449,000

      Bainbridge Land with Updated Farmhouse

      47+ acres with updated farmhouse near Lake Seminole.
      258 SMITHTOWN RD, Bainbridge, GA 39819
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Level building lot in a desirable Bainbridge, GA location.
    Where is this residential land & home lot located?
    The property is located at 1604 Twin Lakes Drive lot 21 Bainbridge, GA.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Level building lot simplifies construction.; Located in a mature, highly desirable subdivision.; Strong historic resale value indicates a sound investment.
    (229) 416-6136
    We can help!
    Listing Contact
    Mills Brock
    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!