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

    1845 Olympus Ct Athens, GA 30606

    Sponsored
    For Sale
    Under Contract
    $364,900

    LAND - Athens, GA

    Lot size:
    2.14 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 3 at 9:06 am

    Property Features for 1845 Olympus Ct

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    APN
    C03-V0-16A
    Lot size
    2.14 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Callie Waller
    Callie Waller

    Corcoran Classic Living (706) 559-4520

    Listing agent Callie Waller (706) 559-4520 License #338939

    Listing date Feb 27, 2026

    MLS# CL338624

    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.

    Learn more

    Property Insight Report

    Overview

    Land in Premier Athens Development

    Located in Oconee County with an Athens address, this property is part of the Spartan Manor development. This community offers access to award-winning schools. The available lots range from 1.5 to 4.5 acres. This 2.14-acre cul-de-sac lot features mature hardwoods and gently rolling hills. The property is intended for residential use and is suitable for building a custom home. Agents and buyers are encouraged to review covenants and design guidelines on the Spartan Manor website.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.38993
    Latitude
    33.889392

    Nearby Similar for Sale

    • $889,000
      3,800 SF

      Medical Office Space in Athens

      Flexible medical office space in established Bishop Professional Park.
      700 Sunset Dr, Athens, GA 30606
      View Details
    • $1,250,000
      6,000 SF

      Corner Lot with Redevelopment Potential

      High-visibility corner lot suitable for redevelopment or business use.
      165 Spring Valley Rd, Athens, GA 30605
      View Details
    • $1,150,000
      4,174 SF

      High-Visibility Commercial Property, Athens

      Prime commercial opportunity in a high-traffic Athens corridor.
      2000 W Broad St, Athens, GA 30606
      View Details
    • $360,000
      1,302 SF

      Renovated Commercial Building on Eastside

      Turnkey, renovated 1,302 sq ft commercial building on 0.41 acres.
      710 Gaines School Rd, Athens, GA 30605
      View Details
    • New
      $1,350,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • $7,800,000
      22,000 SF

      Historic Athens Office Building For Sale

      Two-story office building in the Milledge Avenue Historic District.
      337 S Milledge Ave, Athens, GA 30605
      View Details
    • $800,000
      1,464 SF

      Iconic Athens Commercial Property

      Freestanding commercial building with rich history and redevelopment potential.
      1016 E Broad St, Athens, GA 30601
      View Details
    • $710,000
      4,000 SF

      New Industrial Project in Athens

      New industrial flex space for sale in Athens, Georgia.
      161 Fritz Mar Ln Unit, Athens, GA 30607
      View Details
    • $650,000
      7,200 SF

      Industrial Project in Athens, GA

      New industrial project with build-ready pads available for sale.
      161 Pad, Athens, GA 30607
      View Details
    • $712,000
      4,000 SF

      New Industrial Project in Athens

      New industrial project with shell buildings for sale in Athens.
      161 Fritz Mar Ln Unit, Athens, GA 30607
      View Details
    • $650,000
      7,200 SF

      New Industrial Project in Athens

      Industrial project with build-ready pads and shell buildings for sale.
      161 Pad, Athens, GA 30607
      View Details
    • $710,000
      4,000 SF

      New Industrial Project in Athens

      4000 sq ft industrial building for sale in Athens.
      161 Fritz Mar Ln Unit, Athens, GA 30607
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite in Oconee County's Spartan Manor, Athens address.
    Where is this residential land & home lot located?
    The property is located at 1845 Olympus Ct Athens, GA.
    What is the asking price?
    The asking price for this property is $364,900.
    What are key features of this property?
    This property features: - Premier new development in Athens, offering the opportunity to create a custom home.; - Located in Oconee County with an Athens address, providing convenient access.; - Award-winning schools are easily accessible.
    (706) 540-7646
    Request Owner's contact information
    1845 Olympus Ct Athens, GA 30606
    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.
    1845 Olympus Ct
    Athens, GA 30606
    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
    1845 Olympus Ct Athens, GA 30606
    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
    Callie Waller
    Callie Waller
    Real Estate License ID: 338939
    (706) 540-7646 (706) 559-4520
    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!