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    The Largest CRE Database in the US with Over 1 Million Listings

    2141 Enterprise Rd Madison, GA 30650

    Sponsored
    For Sale
    $1,275,000

    Farm, Traditional - Madison, GA

    Type:Farm
    Property size:
    2,267 SF
    Lot size:
    28.80 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 27 at 6:06 pm

    Property Features for 2141 Enterprise Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Security System
    Zoning
    Agricultural
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen
    Bedrooms
    3
    Bathrooms
    3
    Parking
    3
    Parking features
    Garage
    Patio and Porch features
    Porch
    Interior features
    Security System, Smoke Detector, Whole House Watersoftener
    Exterior features
    Porch, Screened Porch, Fenced Partially, Garden Area, Gazebo, Gravel Drive, Paved Walkway, Workshop
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Vent Hood, Washer
    Size
    2,267 SF
    Lot size
    28.80 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Heat Pump, Other (Cooling)

    Building Details

    Year built
    2016
    Floors in Building
    1
    Building materials
    Stone
    Architectural style
    New Traditional
    Additional Structures
    Gazebo, Workshop

    We can help!

    Listing Contact
    Kay Stevens

    Coldwell Banker Lake Oconee Realty/Lake Country (706) 474-0403

    Listing agent Kay Stevens (706) 467-3181

    Listing date Jan 27, 2026

    MLS# 70151 Listing URL

    Copyright © 2026 Lake Country Board of Realtors, Inc (GA). 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

    Madison Farm with Pond View

    This well-maintained farm property is located between Madison and Lake Oconee, with convenient access to I-20 at exit 121. The property includes a home overlooking a pond in a private setting. The home has hardwood and tile floors throughout. The living room features a gas log fireplace, built-ins, and a vaulted beamed ceiling. The dining room and kitchen are spacious. The split floor plan provides bedroom privacy. A screen porch allows for enjoying views of the pond and woods, with plexiglass panels available for winter use. A fenced area includes a gazebo and raised beds for gardening. The property also features a shop with two overhead doors and a covered shed for equipment parking. The lot size is 28.8 acres and the property size is 2267 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Madison
    County
    Morgan
    State
    Georgia
    Longitude
    -83.390851
    Latitude
    33.508765

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    FAQs

    What type of property is this?
    Farm - Well-maintained farm with pond views, shop, and convenient location.
    Where is this farm located?
    The property is located at 2141 Enterprise Rd Madison, GA.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: - Pond view and private setting with screened porch (with winter plexiglass) for year-round enjoyment of wildlife and woods.; - Workshop with two overhead doors and covered shed for equipment parking.; - Split floor plan for bedroom privacy.
    (706) 467-3181
    Request Owner's contact information
    2141 Enterprise Rd Madison, GA 30650
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    Madison, GA 30650
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    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
    2141 Enterprise Rd Madison, GA 30650
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    We can help!
    Listing Contact
    Kay Stevens
    (706) 467-3181
    Learn more
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