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

    206 Lennox Place Rincon, GA 31326

    View on Map
    Claim this Listing
    For Sale
    $125,000

    LAND - Rincon, GA

    Lot size:
    1.03 Acres
    Added:
    Mar 4, 2024
    Days on Market:
    778
    Last Refresh:
    Apr 21 at 8:06 am

    Property Features for 206 Lennox Place

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-4
    Standard status
    Active
    APN
    R2740-00000-037-000
    Lot size
    1.03 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    1.03AC LOT 37 (OUT 100-44C1)
    Tax Annual Amount
    951

    Utilities

    Sewer type
    Public Sewer
    Water source
    Well

    We can help!

    Listing Contact
    James R. Presnell

    Listing agent James R. Presnell License #205935

    Listing office eXp Realty LLC 1372 Peachtree Street NE, Atlanta, GA

    Listing date Mar 4, 2024

    MLS# SA305786 Listing URL

    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

    Rincon, GA Wooded Lot

    This is a one-acre wooded lot situated on a level cul-de-sac. It is located within a community that features a pool and pond. The property is close to town, yet maintains a private setting. The zoning is R-4. A set of home plans may be available to the new owners.
    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 Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rincon
    County
    Effingham
    State
    Georgia
    Longitude
    -81.228585
    Latitude
    32.31774

    Nearby Similar for Sale

    • $650,000
      3,015 SF

      Prime Acre Parcel on Goshen

      High-visibility 1-acre parcel in a rapidly developing area.
      1957 Goshen Road, Rincon, GA 31326
      View Details
    • $750,000

      Prime Corner Parcel in Rincon

      1.92-acre corner parcel with high visibility and flexible zoning.
      2720 Ga Highway 21 S, Rincon, GA 31326
      View Details
    • $549,000
      1,497 SF

      Rincon, GA Commercial Land

      3.12 acres of commercial land in Rincon, Georgia.
      1391 Goshen Road, Rincon, GA 31326
      View Details
    • $549,000
      1,470 SF

      Rincon, GA Commercial Land

      3.12 acres of commercial land in Rincon, Georgia.
      1383 Goshen Road, Rincon, GA 31326
      View Details
    • $750,000

      Rincon, GA Corner Parcel

      1.92-acre corner parcel in Rincon's commercial corridor.
      2720 Ga Highway 21 S, Rincon, GA 31326
      View Details
    • $150,000

      Rincon, GA Corner Lot

      3.59-acre corner lot in Effingham County, between Rincon and Springfield.
      Nellie Road, Rincon, GA 31326
      View Details
    • $479,000

      Rincon, GA 17+ Acre Land

      17+ acre tract in Effingham County, between Springfield and Rincon.
      001 RACE PATH, Rincon, GA 31326
      View Details
    • $490,000

      Rincon Commercial Land Opportunity

      Prime commercial land in Rincon, GA, with high visibility.
      Goshen Extension Road, Rincon, GA 31326
      View Details
    • $110,000

      Rincon, GA Buildable Land

      1.204 acre buildable lot outside Rincon city limits.
      McCall Road, Rincon, GA 31326
      View Details
    • $200,000

      Rincon, GA Land Parcel

      Nearly 2-acre wooded parcel near Rincon Elementary School.
      1633 Fort Howard Road, Rincon, GA 31326
      View Details
    • $550,000

      Pad Ready Site Available

      Pad-ready site with great visibility and easy access.
      595 W Towne Park Dr PAD, Rincon, GA 31326
      View Details
    • $123,000

      Rincon, GA Wooded Land

      1.84 acres of wooded land in Rincon, Georgia.
      4 Little McCall Road, Rincon, GA 31326
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre wooded lot in a desirable community with pool.
    Where is this residential land & home lot located?
    The property is located at 206 Lennox Place Rincon, GA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: One‑acre level, wooded lot in a private cul‑de‑sac.; Access to community pool and pond.; Rare opportunity: Only vacant lot available in the community.
    (912) 661-3331
    We can help!
    Listing Contact
    James R. Presnell
    Real Estate License ID: 205935
    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!