Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakeside Living on Richard B. Russell Title is generated by Realmo AI

    2917 Ruckersville Road, Elberton, GA 30635

    View on Map
    Claim this Listing
    For Sale
    $68,000

    LAND - Elberton, GA

    Lot size:
    1.56 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 2917 Ruckersville Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    061A 001G
    Lot size
    1.56 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    392

    Utilities

    Utilities
    Water Available
    Sewer type
    Perc Test On File
    Water source
    Well
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Bonnie Dunn
    Bonnie Dunn

    Listing agent Bonnie Dunn License #282729

    Listing office Coldwell Banker Upchurch Realty 2405 W Broad St Ste. 150, Athens, GA

    Listing date Apr 16, 2026

    MLS# 10742260 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

    • 1.56 acre lake lot on Richard B. Russell Lake
    • Unbeatable location less than a mile from a premier state park
    • Direct lake access for boating, fishing, and watersports
    • Access to state park amenities: 18‑hole golf course, disc golf, hiking trails, and swim beach
    • Richard B. Russell Lake is commercially undeveloped and pristine
    • Utilities available: Water and Perc Test on File

    Overview

    This 1.56 acre lake lot offers an opportunity to build a custom lakefront home on Richard B. Russell Lake. The location is less than a mile from the amenities of a premier state park, including a boat ramp for fishing and watersports. Outdoor recreation options include an 18-hole golf course, disc golf, hiking trails, and a swim beach. The park also features cottages, tent/RV sites, and opportunities for fishing and boating.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Elberton
    County
    Elbert
    State
    Georgia
    Longitude
    -82.75524
    Latitude
    34.19624

    Nearby Similar for Sale

    • $449,900
      7,200 SF

      Elberton Commercial Building on Corner

      7200+ Sq Ft commercial building on 1.4-acre corner lot.
      740 Martin Luther King Jr Boulevard, Elberton, GA 30635
      View Details
    • $415,000
      4,000 SF

      Elberton Commercial Building on Two Acres

      Versatile commercial building in Elberton, ready for immediate occupancy.
      1305 Filter Plant Drive, Elberton, GA 30635
      View Details
    • $199,000
      9,600 SF

      Historic Multi-Use Commercial Buildings

      Two historic buildings with approximately 9,600 square feet across multiple levels and a private exterior entrance for upper space.
      7 N Oliver Street, Elberton, GA 30635
      View Details
    • $325,000
      7,560 SF

      Downtown Elberton Commercial Building

      7560 sq ft building in downtown Elberton, Georgia.
      19 S McIntosh St, Elberton, GA 30635
      View Details
    • $495,000
      11,100 SF

      Versatile Commercial Building with Storage

      9,900 sq ft commercial building with income-generating storage units.
      891 Elbert Street, Elberton, GA 30635
      View Details
    • $325,000
      2,672 SF

      Historic Office Building in Elberton

      Charming office with development potential near downtown Elberton.
      6 Forest Avenue, Elberton, GA 30635
      View Details
    • $239,500
      4,320 SF

      Granite Shed on Hartwell Highway

      Well-equipped granite shed in established stone industry region.
      2304 Hartwell Highway, Elberton, GA 30635
      View Details
    • $325,000

      Prime Land in Elberton, GA

      2+ acre commercial lot with high visibility and easy access.
      381 College Avenue, Elberton, GA 30635
      View Details
    • $839,900

      209 Acres in Elberton, GA

      Remarkable 209-acre property perfect for recreation, investment, or development.
      Calhoun Falls Hwy, Elberton, GA 30635
      View Details
    • $449,900
      7,200 SF

      Versatile Commercial Building on Corner Lot

      7200+ Sq Ft commercial building on 1.4 acre corner lot.
      740 Martin Luther King Jr Boulevard, Elberton, GA 30635
      View Details
    • $390,000

      65.5 Acres of Land in Elberton

      Pristine 65.5-acre land lot with diverse opportunities in Elberton, GA.
      Jaudon Road, Elberton, GA 30635
      View Details
    • $333,000

      Multifamily Land in Elberton, GA

      49+ acre R2 zoned land suitable for multifamily construction.
      738 Old Mineral Springs, Elberton, GA 30635
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.56 acre lake lot on Richard B. Russell Lake.
    Where is this waterfront land located?
    The property is located at 2917 Ruckersville Road Elberton, GA.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: 1.56 acre lake lot on Richard B. Russell Lake; Unbeatable location less than a mile from a premier state park; Direct lake access for boating, fishing, and watersports
    (706) 614-7360
    We can help!
    Listing Contact
    Bonnie Dunn
    Bonnie Dunn
    Real Estate License ID: 282729
    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
    2917 Ruckersville Road, Elberton, GA 30635
    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!