Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2151K Eatonton Road Madison, GA 30650

    View on Map
    Claim this Listing
    For Sale
    $40,000

    COMMERCIAL - Madison, GA

    Lot size:
    0.07 Acres
    Added:
    Jul 13, 2023
    Days on Market:
    1030
    Last Refresh:
    May 7 at 5:06 pm

    Property Features for 2151K Eatonton Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    046B 045
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    125

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Kristin Brooks
    Kristin Brooks

    Listing agent Kristin Brooks License #395054

    Listing office Keller Williams Realty Atl. Partners 2092 Scenic Highway, Ste B100, Snellville, GA

    Listing date Jul 13, 2023

    MLS# 10180365 Listing URL

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Last available lot in the executive park.
    • Located in Madison, GA.
    • Opportunity to build a business within the community.
    • Water Available.
    • Located at coordinates: [-83.47384,33.549343].
    • Motivated Seller.

    Overview

    Commercial Lot in Executive Park

    This commercial lot is the last available in an executive park located in Madison, Georgia. The lot size is 0.07 acres. It is located in Morgan County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morgan
    State
    Georgia
    Longitude
    -83.47384
    Latitude
    33.549343

    Nearby Similar for Sale

    • $799,000
      5,000 SF

      Madison GA Live/Work Opportunity

      Circa 1895 home zoned P-2 for live/work use.
      270 S Main Street, Madison, GA 30650
      View Details
    • $2,349,000
      2,800 SF

      Equestrian Facility on 25 Acres

      State-of-the-art equestrian facility in Madison's horse country.
      1371 PLANTATION ROAD, Madison, GA 30650
      View Details
    • $325,000

      Land in Exclusive Estate Community

      10.7-acre estate property ready for your dream home.
      1091 Lot 24 Apalachee Meadows Drive, Madison, GA 30650
      View Details
    • $799,000

      Downtown Madison Live/Work Opportunity

      Circa 1895 home in downtown Madison, zoned P-2.
      270 SOUTH MAIN STREET, Madison, GA 30650
      View Details
    • $225,000

      Land in Premier Estate Community

      7.06-acre lot in Madison's premier luxury estate community.
      Apalachee Meadows Drive lot: 25, Madison, GA 30650
      View Details
    • $215,000

      Apalachee Riverfront Estate Homesite

      7.65 acre homesite in premier estate community.
      Apalachee Ridge lot: 22, Madison, GA 30650
      View Details
    • $285,000
      1,080 SF

      Retail Opportunity in Madison, GA

      General store with kitchen space and included coolers.
      4420 Buckhead Road, Madison, GA 30650
      View Details
    • $269,000

      North Morgan County Buildable Land

      7.05 acre residential land in desirable North Morgan County.
      Plantation Road, Madison, GA 30650
      View Details
    • $599,000

      Equine Estate Near Historic Madison

      24.59-acre equine estate near Historic Madison, Georgia.
      Sandy Creek Road, Madison, GA 30650
      View Details
    • $125,000

      Residential Lot in Valley Farm

      Residential lot in a sought-after community near Madison's Town Square.
      533 Village Road, Madison, GA 30650
      View Details
    • $882,167

      Land with Road Frontage

      44.33 acres ideal for homesite near Madison, Georgia.
      Fears Road, Madison, GA 30650
      View Details
    • $170,000

      Land in Madison, Georgia

      5.37 acres of build-ready land in Madison, Georgia.
      1041 Pintail Lane, Madison, GA 30650
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available in Madison, Georgia's executive park.
    Where is this commercial land located?
    The property is located at 2151K Eatonton Road Madison, GA.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Last available lot in the executive park.; Located in Madison, GA.; Opportunity to build a business within the community.
    (678) 409-3160
    We can help!
    Listing Contact
    Kristin Brooks
    Kristin Brooks
    Real Estate License ID: 395054
    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

    Thank You for Inquiry
    2151K Eatonton Road, Madison, GA 30650
    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!