Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3190 Newport Dr Ellijay, GA 30540

    Sponsored
    For Sale
    $37,000

    LAND - East Ellijay, GA

    Lot size:
    0.59 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 5 at 4:06 pm

    Property Features for 3190 Newport Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    RES
    APN
    3052E 016
    Lot size
    0.59 Acres

    We can help!

    Listing Contact
    Deborah Wilson
    Deborah Wilson

    Vylla Home (404) 218-4201

    Listing agent Deborah Wilson (404) 374-0627

    Listing date Jan 9, 2026

    MLS# 7610348 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. 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

    Ready-to-Build Lot in Resort

    This 0.59-acre lot is located in East Ellijay, GA, and is ready for new construction. Situated in the Coosawattee River Resort, the property offers views of the North Georgia Mountains. A survey has been completed, along with a septic permit, architectural drawings, structural engineering, and energy calculations. The planned home is of contemporary style, including renewable energy upgrades and features. The lot is located on a paved main road, providing easy access to amenities. The gated Coosawattee River Resort provides access to riverfront parks, scenic walking trails, three pools, tennis courts, a game room, a fitness center, and stocked fishing ponds. The area features abundant wildlife and a peaceful mountain setting. The property is located a few minutes from Downtown Ellijay, with its dining and entertainment options, and close to apple orchards and wineries. The seller is willing to negotiate an Owner Contract with a Balloon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel Carpet & Flooring Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.53551
    Latitude
    34.661247

    Nearby Similar for Sale

    • $2,800,000
      4,794 SF

      Lakeside Mountain Wedding Venue Lodge

      Luxury 6-bed, 6-bath mountain estate wedding venue and rental lodge.
      201 Mountainside Pkwy, Ellijay, GA 30536
      View Details
    • New
      $1,200,000
      74.55 Acres

      74+ Acre Mountain Farm

      74+ acres of rolling pastureland with spectacular mountain views.
      6267 Mount Pisgah Rd, Ellijay, GA 30540
      View Details
    • $810,000
      3.53 Acres

      Three Duplexes in Mountain Setting

      Three updated duplexes in Ellijay, GA, with mountain views.
      139 Knight Road Ct, Ellijay, GA 30540
      View Details
    • $2,800,000
      4,794 SF

      Lakeside Mountain Wedding Venue Lodge

      Luxury 6-bed, 6-bath mountain estate with event zoning opportunity.
      201 Mountainside Pkwy, Ellijay, GA 30536
      View Details
    • New
      $1,199,900
      9,128 SF

      Prime Commercial Space, Ellijay, GA

      High-visibility commercial building with development potential in Ellijay.
      36 Mulberry St, Ellijay, GA 30540
      View Details
    • $810,000
      4,000 SF

      Riverfront Commercial Property in Ellijay

      Versatile 4000 sq ft commercial space with river frontage.
      260 Mccutchen St, Ellijay, GA 30540
      View Details
    • $199,900

      Turnkey Retail Business Opportunity

      Established retail business with inventory in North Georgia.
      14244 Hwy 515N, Ellijay, GA 30536
      View Details
    • $199,900

      Established Retail Business For Sale

      Turnkey retail business with inventory in high-traffic North Georgia area.
      14244 Hwy 515N, Ellijay, GA 30536
      View Details
    • $1,100,000
      44.30 Acres

      Waterfront Legacy Land in Ellijay

      Stunning 44.3-acre waterfront property with creek, pond, and utilities.
      2044 Stillwell Rd, Ellijay, GA 30540
      View Details
    • $200,000

      Established Restaurant in Ellijay, Georgia

      Successful Ellijay restaurant for sale with all equipment included.
      2020 Old Highway 5, Ellijay, GA 30540
      View Details
    • New
      $810,000
      3.53 Acres

      Ellijay Multifamily Investment Opportunity

      Three updated duplexes in a serene mountain setting near Ellijay.
      139 Knight Road Ct, Ellijay, GA 30540
      View Details
    • $89,900

      Downtown Ellijay Boutique Business Opportunity

      Established boutique business for sale in downtown Ellijay, Georgia.
      52 N Main St, Ellijay, GA 30540
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Coosawattee River Resort with mountain views.
    Where is this residential land & home lot located?
    The property is located at 3190 Newport Dr Ellijay, GA.
    What is the asking price?
    The asking price for this property is $37,000.
    What are key features of this property?
    This property features: - Ready to build: Includes completed survey, septic permit, architectural drawings, structural engineering, and energy calculations.; - Coosawattee River Resort Amenities: Enjoy access to riverfront parks, walking trails, pools, tennis courts, game room, fitness center, and fishing ponds.; - Mountain Views: Lot offers STUNNING views of the North Georgia Mountains.
    (404) 374-0627
    Request Owner's contact information
    3190 Newport Dr Ellijay, GA 30540
    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.
    3190 Newport Dr
    Ellijay, GA 30540
    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
    3190 Newport Dr Ellijay, GA 30540
    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
    Deborah Wilson
    Deborah Wilson
    (404) 374-0627
    Learn more
    Google sign-in failed. Please try again or use another login method.