Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    34 Acres Near Lake Blackshear Title is generated by Realmo AI

    278 Swann Dr., Cordele, GA 31015

    View on Map
    Claim this Listing
    For Sale
    $280,500

    LAND - Cordele, GA

    Lot size:
    34.00 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 3 at 7:06 am

    Property Features for 278 Swann Dr.

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS2
    Standard status
    Active
    Lot size
    34.00 Acres

    We can help!

    Listing Contact
    Kim Gilbert
    Kim Gilbert

    Listing agent Kim Gilbert License #GA 378815

    Listing office LandBridge Realty 2506 US Hwy. 280 W, Cordele, GA

    Listing date Apr 23, 2026

    MLS# 907543 Listing URL

    Copyright © 2026 Americus 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

    • 1.34 acres in Lake Blackshear Community: Large parcel in a desirable location.
    • Zoned RS2: Build your dream home or develop residential lots (subject to zoning change/survey).
    • Adjoins Swann Home E. Subdivision: Potential for integration with an existing community.
    • Near GA Veterans Golf Course/State Park: Enjoy year‑round amenities on Lake Blackshear.
    • Surrounded by undeveloped woodlands: Ensures privacy and a natural setting.
    • Not under covenants: Offers flexibility and freedom in development or personal use.

    Overview

    This is a great opportunity to purchase approximately 34 acres currently zoned RS2, located in Crisp County within the Lake Blackshear Community and adjoining the Swann Home E. Subdivision. The property offers the potential to build a dream home with privacy. Contact Crisp Zoning for potential steps to seek zoning change, or develop separate residential lots with a new survey. The majority of this tract is surrounded by undeveloped woodlands and is near the GA Veterans Golf Course/State Park, where there are year-round amenities to enjoy on Lake Blackshear. This 34-acre parcel is not under covenants. The seller has a sketch of a plat for potential residential lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordele
    County
    Crisp
    State
    Georgia
    Longitude
    -83.891677
    Latitude
    31.967504

    Nearby Similar for Sale

    • $269,000
      1,374 SF

      Cordele Multifamily Investment Opportunity

      Multifamily property with investment potential near Highway 300.
      2298 S US Hwy 41, Cordele, GA 31015
      View Details
    • $22,900

      Cordele Land Near Lake Blackshear

      Residential lot near Lake Blackshear with recreational opportunities.
      US Hwy 280 W Lot 33, Cordele, GA 31015
      View Details
    • $22,900

      Cordele Land Near Lake Blackshear

      Residential lot near Lake Blackshear with leisure activities.
      US Hwy 280 W Lot #30, Cordele, GA 31015
      View Details
    • $22,900

      Cordele, GA Land Lot

      Land lot near Lake Blackshear with recreational opportunities.
      US Hwy 280 W Lot #32, Cordele, GA 31015
      View Details
    • $22,900

      Cordele Land Near Lake Blackshear

      Residential lot near Lake Blackshear with recreational opportunities.
      US Hwy 280 W Lot#31, Cordele, GA 31015
      View Details
    • $22,900

      Land Near Lake Blackshear

      Residential lot near Lake Blackshear with access to amenities.
      US Hwy 280 W Lot 28, Cordele, GA 31015
      View Details
    • $99,000

      Land Near Lake Blackshear

      2.99 acre land tract in Lake Blackshear Community Area.
      US Hwy 280 W Lot 38H, Cordele, GA 31015
      View Details
    • $22,900

      Cordele, GA Land For Sale

      0.88 acre lot near Lake Blackshear and GA Veterans Golf Course.
      US Hwy 280 W Lot 29, Cordele, GA 31015
      View Details
    • $350,000
      2,700 SF

      Cordele Commercial Investment Opportunity

      Two buildings on one lot with income potential.
      1107 S 7th Street, Cordele, GA 31015
      View Details
    • $1,356,000
      17,200 SF

      Cordele Commercial Land For Sale

      3.394 AC corner lot ideal for commercial developments.
      Hwy 257 & Greer St ,lots 1, 2, 3, Cordele, GA 31015
      View Details
    • $280,500

      34 Acres in Lake Blackshear

      34 acres in Lake Blackshear Community Area, Cordele, GA.
      278 Swann Dr., Cordele, GA 31015
      View Details
    • $559,000

      Cordele Commercial Land Opportunity

      21.97 acres of commercial land on Hwy 300.
      Georgia Hwy 300 S, Cordele, GA 31015
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 34 acres in Lake Blackshear Community, zoned RS2.
    Where is this residential land & home lot located?
    The property is located at 278 Swann Dr. Cordele, GA.
    What is the asking price?
    The asking price for this property is $280,500.
    What are key features of this property?
    This property features: 1.34 acres in Lake Blackshear Community: Large parcel in a desirable location.; Zoned RS2: Build your dream home or develop residential lots (subject to zoning change/survey).; Adjoins Swann Home E. Subdivision: Potential for integration with an existing community.
    (229) 938-0506
    We can help!
    Listing Contact
    Kim Gilbert
    Kim Gilbert
    Real Estate License ID: GA 378815
    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
    278 Swann Dr., Cordele, GA 31015
    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!