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

    470 Forrest Dr Louisville, GA 30434

    Sponsored
    For Sale
    Contact for pricing

    LAND - Louisville, GA

    Lot size:
    0.36 Acres
    Days on Market:
    72
    Last Refresh:
    Feb 26 at 12:06 am

    Property Features for 470 Forrest Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    APN
    L001a053
    Lot size
    0.36 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kimberly Williams

    Keller Williams Realty Augusta (706) 868-3772

    Listing agent Kimberly Williams (706) 750-0785 License #321672

    Listing date Dec 17, 2025

    MLS# 543851

    Copyright © 2026 Hive MLS. 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

    Residential Land in Louisville, Georgia

    Located within Louisville City Limits, this residential land is situated off a quiet street. The 0.36-acre tract is flat and level with some slight sloping and is partially wooded, providing a natural buffer. The property is not subject to HOA restrictions or minimum square footage requirements for home construction. Electricity, city water, and sewer services are available at the street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Georgia
    Longitude
    -82.413649
    Latitude
    33.001493

    Nearby Similar for Sale

    • New
      $85,000
      5,960 SF

      Louisville Storefront with Income Potential

      Income-producing storefront with potential for apartments in downtown Louisville, GA.
      122 E Broad St, Louisville, GA 30434
      View Details
    • $79,900
      1,220 SF

      Louisville Commercial Building on Corner

      Versatile 1,220 sq ft commercial building on 0.2 acres.
      711 Peachtree St, Louisville, GA 30434
      View Details
    • $95,000
      480 SF

      Turn-Key Coffee Shop in Louisville

      Centrally-located, fully-equipped coffee shop with drive-through and stylish updates.
      605 Peachtree St, Louisville, GA 30434
      View Details
    • $79,900
      1,220 SF

      Louisville Commercial Property on Corner

      Corner lot property suitable for office, retail, or professional services.
      711 Peachtree St, Louisville, GA 30434
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Property in Louisville, GA

      2500 sqft industrial property available for sale.
      615 Mulberry St, Louisville, GA 30434
      View Details
    • Contact for pricing
      1,368 SF

      Farmhouse on 15.5 Acres

      Farmhouse with ponds, stables, and fenced acreage for country living.
      1341 N Ga Highway 171 N, Louisville, GA 30434
      View Details
    • $121,000
      1,344 SF

      Prime Louisville Office Building

      1344 sq ft Office, High Visibility
      912 Peachtree St, Louisville, GA 30434
      View Details
    • $265,000
      4,000 SF

      Prime Fitness Center Investment

      Turnkey Gym, High Traffic Location
      503 Hwy 1 Byp, Louisville, GA 30434
      View Details
    • $169,000
      4,319 SF

      Prime Louisville Office Building

      4,319 SF Office, $169,000
      809 Peachtree St, Louisville, GA 30434
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with utilities available in Louisville, GA.
    Where is this residential land & home lot located?
    The property is located at 470 Forrest Dr Louisville, GA.
    What is the asking price?
    The asking price for this property is $16,800.
    What are key features of this property?
    This property features: - No HOA or restrictive covenants, offering freedom in building design and usage.; - Convenient location within Louisville City Limits.; - Utilities readily available: electricity, city water, and public sewer at the street.
    (706) 750-0785
    Request Owner's contact information
    470 Forrest Dr Louisville, GA 30434
    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.
    470 Forrest Dr
    Louisville, GA 30434
    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
    470 Forrest Dr Louisville, GA 30434
    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 Williams
    Real Estate License ID: 321672
    (706) 750-0785 (773) 678-6025 (713) 461-9393
    Learn more
    Google sign-in failed. Please try again or use another login method.