Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Morganton, GA Vacant Lot Title is generated by Realmo AI

    Lot 20 Locust Lane, Morganton, GA 30560

    View on Map
    Claim this Listing
    For Sale
    $119,000

    Vacant Lot - Morganton, GA

    Lot size:
    3.05 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    301
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for Lot 20 Locust Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00070313J
    Lot size
    3.05 Acres

    Taxes and HOA fees

    Expense value
    150
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mylee Butler

    Listing agent Mylee Butler

    Listing office Mountain Place Realty 11 Overview Drive, Suite 102, Blue Ridge, GA

    Listing date Aug 6, 2025

    MLS# 417386 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.

    HighLights

    • Stunning, year‑round, long‑range southern and southeastern mountain views.
    • Less than 2 miles from Hwy 515, providing convenient access.
    • Dual road access, offering flexible entry points to the property.
    • Underground utilities, preserving the natural landscape.
    • Mature hardwoods on the property.
    • Vista pruning enhances the views.

    Overview

    This 3.05-acre vacant lot is located in the Hogback Haven Subdivision. The property offers year-round, long-range southern and southeastern views, which are enhanced by vista pruning. Mature hardwoods are present on the land. Dual road access provides flexible entry points. Underground utilities are available. The property is located less than 2 miles from Hwy 515. This lot is suitable for building a mountain view dream home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Hotel & Motel Food Market Kitchen & Bath Showroom Storage Facility Grocery & Convenience Store Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganton
    County
    Fannin
    State
    Georgia
    Longitude
    -84.131985
    Latitude
    34.890968

    Nearby Similar for Sale

    • $429,900

      Mountain Retreat with Rental Potential

      North Georgia cabin, ideal second home or short-term rental.
      193 Garren Cove Road, Morganton, GA 30560
      View Details
    • $429,900

      Mountain Retreat with Rental Potential

      North Georgia cabin, ideal second home or short-term rental.
      193 Garren Cove Road, Morganton, GA 30560
      View Details
    • $1,850,000

      Lake Blue Ridge Waterfront Land

      Breathtaking 4-acre lakefront property with mountain views and custom dock.
      365 Lower Star Creek Road, Morganton, GA 30560
      View Details
    • $85,000

      Fannin, GA Vacant Lot

      Permitted lot with foundation and framing underway near Blue Ridge.
      3 Hideaway, Fannin, GA 30560
      View Details
    • $73,900

      RV Lot with Pond Access

      0.25-acre RV lot near Blue Ridge, GA with pond access.
      160 Mountain Meadows Circle, Morganton, GA 30560
      View Details
    • $85,000

      Morganton Land with Construction Start

      Lot with permit, foundation, and framing underway near Blue Ridge.
      3 Hideaway Place, Morganton, GA 30560
      View Details
    • $89,900

      Paved RV Lot in Morganton

      Premium RV lot with sunset views and resort-style amenities.
      134 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $159,900

      Unrestricted Land with Mountain Views

      Four acres with mountain and lake views near Blue Ridge.
      High Country Lane lot: 1, MORGANTON, GA 30560
      View Details
    • $104,900

      Improved RV Lot in Morganton

      RV lot with outdoor space near Blue Ridge, GA.
      129 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $104,900

      Improved RV Lot with Gazebo

      RV lot with concrete pad, gazebo, and fire pit.
      129 Mountain Meadows Drive, Morganton, GA 30560
      View Details
    • $179,000

      Mountain Homesite with Protected Backdrop

      Private 1.115-acre homesite with mountain views and income potential.
      Lot 9 Scouts Overlook, Morganton, GA 30560
      View Details
    • $179,000

      Morganton, GA Mountain Homesite

      1.115-acre mountain homesite with privacy, views, and versatility.
      Lot 9 Scouts Overlook, Morganton, GA 30560
      View Details

    FAQs

    What type of property is this?
    Land - 3.05 acre vacant lot with mountain views in Morganton, GA.
    Where is this land located?
    The property is located at Lot 20 Locust Lane Morganton, GA.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: Stunning, year‑round, long‑range southern and southeastern mountain views.; Less than 2 miles from Hwy 515, providing convenient access.; Dual road access, offering flexible entry points to the property.
    (706) 455-7173
    We can help!
    Listing Contact
    Mylee Butler
    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

    Thank You for Inquiry
    Lot 20 Locust Lane, Morganton, GA 30560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!