Sign Up Successful!
You now have access to more from Realmo!
    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

    309 Wind Rock Milledgeville, GA 31061

    Sponsored
    For Sale
    $335,000

    LAND - Milledgeville, GA

    Lot size:
    1.04 Acres
    Days on Market:
    147
    Last Refresh:
    Feb 8 at 7:06 am

    Property Features for 309 Wind Rock

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    119 038 66
    Lot size
    1.04 Acres

    Utilities

    Utilities
    Cable Available
    Water front
    1

    We can help!

    Listing Contact
    Kimberly LaPlante

    Keller Williams Realty Atlanta Partners (678) 808-1300

    Listing agent Kimberly Laplante (678) 808-1300

    Listing date Sep 15, 2025

    MLS# 10593315 Listing URL

    Copyright © 2025 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.

    Learn more

    Overview

    Land in Gated Community

    This property is located within a new, private, gated community in Milledgeville. The Falls at Lake Sinclair offers resort-style living with amenities including a clubhouse, pool, boat ramp, lakefront park, fitness and walking trails, and a custom putt-putt course. The community is growing, with many homes already complete and others under construction. The location is just minutes from historic downtown Milledgeville, offering convenient access to shopping, dining, and activities. The homesite is ready to go, with paved roads, underground utilities, water, and fiber internet in place. Lake Sinclair is known as one of Georgia's cleanest lakes and is popular for fishing and recreation. The lot size is 1.04 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Milledgeville
    County
    Baldwin
    State
    Georgia
    Longitude
    -83.2382
    Latitude
    33.0859

    Nearby Similar for Sale

    • $149,900
      1.03 Acres

      Versatile Commercial Property in Milledgeville

      Turnkey property suitable for various businesses, priced for quick sale.
      100 Mt Pleasant Grv Church Rd, Milledgeville, GA 31061
      View Details
    • $499,000
      960 SF

      Milledgeville Commercial Property For Sale

      Highly visible commercial property near Georgia Military College and Georgia College.
      111 Elbert St, Milledgeville, GA 31061
      View Details
    • $324,900
      2,344 SF

      Commercial Building in Milledgeville, GA

      Commercial building with multiple rental spaces and parking.
      1013 Fernwood Dr, Milledgeville, GA 31061
      View Details
    • $324,900
      0.28 Acres

      Commercial Building in Milledgeville, GA

      Commercial building with multiple rental spaces and parking.
      1013 Fernwood Dr, Milledgeville, GA 31061
      View Details
    • $365,000
      3,993 SF

      Milledgeville Retail/Warehouse Corner Opportunity

      Dynamic retail/warehouse with high visibility and traffic in Milledgeville.
      1590 N Columbia St, Milledgeville, GA 31061
      View Details
    • $1,300,000
      217,800 SF

      Milledgeville Truck Parking & Storage

      5+/- acre truck parking and industrial outdoor storage lot.
      123 Gordon Hwy SW, Milledgeville, GA 31061
      View Details
    • $179,000
      1,656 SF

      Milledgeville Duplex with Tenants

      Duplex in Milledgeville, GA, with tenants in place.
      2317 Laura Ct, Milledgeville, GA 31061
      View Details
    • $750,000
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia St, Milledgeville, GA 31061
      View Details
    • $750,000
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia St, Milledgeville, GA 31061
      View Details
    • New
      $134,900
      Pending

      Cash-Flowing Duplex in Milledgeville

      Duplex in strong rental market near Georgia College and downtown.
      2361 River Ridge Rd NE, Milledgeville, GA 31061
      View Details
    • $450,000
      4,311 SF

      Prime Commercial Opportunity on Columbia

      High-visibility commercial property on Milledgeville's main corridor.
      1531 N Columbia St, Milledgeville, GA 31061
      View Details
    • $450,000

      Prime Commercial Opportunity on Columbia

      High-visibility commercial property on Milledgeville's main corridor.
      1531 Columbia St, Milledgeville, GA 31061
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for sale in a resort-style community near Lake Sinclair.
    Where is this residential land & home lot located?
    The property is located at 309 Wind Rock Milledgeville, GA.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: - Private, gated community on Lake Sinclair.; - Resort-style amenities including a clubhouse, pool, boat ramp, lakefront park, fitness and walking trails, and putt-putt.; - Utilities in place with paved roads, underground utilities, water, and fiber internet.
    (678) 808-1300
    Request Owner's contact information
    309 Wind Rock Milledgeville, GA 31061
    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.
    309 Wind Rock
    Milledgeville, GA 31061
    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
    309 Wind Rock Milledgeville, GA 31061
    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

    We can help!
    Listing Contact
    Kimberly LaPlante
    (678) 808-1300
    Learn more
    Google sign-in failed. Please try again or use another login method.