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

    178 Lee Place Road NE Ludowici, GA 31316

    View on Map
    Claim this Listing
    For Sale
    $544,900

    LAND - Rustic - Ludowici, GA

    Property size:
    869 SF
    Lot size:
    32.27 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    164
    Last Refresh:
    Apr 18 at 9:06 am

    Property Features for 178 Lee Place Road NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    007
    Vegetation
    Partially Wooded
    Standard status
    Active
    APN
    0710A00002
    Size
    869 SF
    Lot size
    32.27 Acres

    Taxes and HOA fees

    Tax Description
    S/S OFF ELIM RD 1756

    Utilities

    Sewer type
    Septic Tank
    Water source
    Private, Well
    Water front features
    Pond
    Water front
    1

    Building Details

    Year built
    1945
    Floors in Building
    1
    Building materials
    Frame
    Roof type
    Asphalt
    Architectural style
    Rustic
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Gregory L. Lewis

    Listing agent Gregory L. Lewis License #158777

    Listing office Islands Real Estate Company 13053 E Oglethorpe Highway, Midway, GA

    Listing date Nov 5, 2025

    MLS# SA343110

    Copyright © 2026 Hive 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

    32.27 Acres with Historic Farmhouse

    This 32.27-acre property is suited for a family estate or future multi-home development. It features a 5-acre pond and the historic Lee Family farmhouse, built in 1904, which includes 2 bedrooms and 1 bath. Additional improvements consist of a workshop with an unfinished apartment upstairs, RV storage, and a storage shed. The property is equipped with three septic systems and two wells, providing flexibility for multiple homesites. The property is located in Ludowici, GA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Auto Repair Shop Department Store Bar & Pub Storage Facility Furniture & Home Goods Grocery & Convenience Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludowici
    County
    Long
    State
    Georgia
    Longitude
    -81.6726959
    Latitude
    31.7921508

    Nearby Similar for Sale

    • $300,000

      Prime Commercial Land Opportunity

      2.48-acre commercial lot in Ludowici's growing market.
      2.48 AC W Cypress Street, Ludowici, GA 31316
      View Details
    • $500,000

      Commercial Land in Ludowici, GA

      High-visibility commercial land in the heart of Ludowici, Georgia.
      60 N McDonald Street, Ludowici, GA 31316
      View Details
    • $450,000
      3,750 SF

      Established Liquor Store with Apartment

      Liquor store with apartment in growing city, great opportunity!
      207 N Mcdonald Street, Ludowici, GA 31316
      View Details
    • $60,000

      Two Acre Land Parcel

      Two acre parcel with utilities and no restrictions.
      244 Dena Circle NE, Ludowici, GA 31316
      View Details
    • $650,000
      2,729 SF

      Modern Income-Producing Fourplex in Ludowici

      Turnkey fourplex with long-term tenants and short-term rental income.
      36 SW Pine Street SW, Ludowici, GA 31316
      View Details
    • $125,000

      Cleared Land Ready for Construction

      10.19 acres in Long County, build-ready and recently cleared.
      720 NE ST Morris Road, Ludowici, GA 31316
      View Details
    • $89,000

      5 Acres in Ludowici, GA

      5+ acre lot with road frontage and power access.
      5 ACRES Levy A Ray Road NE, Ludowici, GA 31316
      View Details
    • $349,990

      105 Acres in Ludowici, GA

      105 acres of land with planted pines near Highway 57.
      1 Firetower Road, Ludowici, GA 31316
      View Details
    • $650,000

      100+ Acres of Land

      Over 100 acres of land with planted pine trees.
      1 Rye Patch NE Road, Ludowici, GA 31316
      View Details

    FAQs

    What type of property is this?
    Land - Land with pond, farmhouse, workshop, RV storage, and multiple utilities.
    Where is this land located?
    The property is located at 178 Lee Place Road NE Ludowici, GA.
    What is the asking price?
    The asking price for this property is $544,900.
    What are key features of this property?
    This property features: Sprawling 32.27‑acre property, ideal for a family estate or multi‑home development.; Enjoy the picturesque 5‑acre pond.; Historic Lee Family farmhouse (built in 1904) features 2 bedrooms and 1 bath.
    (912) 884-5862
    We can help!
    Listing Contact
    Gregory L. Lewis
    Real Estate License ID: 158777
    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!