Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land in McDonough Title is generated by Realmo AI

    491 Highway 81 E, McDonough, GA 30252

    View on Map
    Claim this Listing
    For Sale
    $3,399,999

    LAND - Mcdonough, GA

    Lot size:
    21.52 Acres
    Added:
    May 12, 2025
    Days on Market:
    388
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 491 Highway 81 E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    10701040001
    Lot size
    21.52 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    21621

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kelly Adams
    Kelly Adams

    Listing agent Kelly Adams License #161116

    Listing office Adams Asset Management Inc. 812 Pavilion Court, McDonough, GA

    Listing date May 12, 2025

    MLS# 10521462 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

    • 21.52 acres in McDonough's primary commercial corridor with HIGH VISIBILITY.
    • Multiple road frontages and a newly approved roundabout for improved access.
    • Located on Highway 81 with active widening project underway.
    • Zoned commercial within city limits, suitable for various developments (subject to zoning).
    • Strong fit for health and wellness campus, medical office park, or mixed‑use development.
    • Utilities available: Public water and sewer.

    Overview

    This 21.52-acre commercial land is located in the core of McDonough's primary commercial corridor. It features a high-visibility corner with multiple road frontages and a newly approved roundabout. The property is situated along Highway 81, which is undergoing an active widening project to improve access and traffic flow. The site is zoned commercial and located within the city limits. It is surrounded by active development and established demand. According to the listing, the property is well-suited for a health and wellness campus, medical office park, or mixed-use development, subject to zoning. Potential business uses include urgent care, women's health, pediatrics, mental health services, senior-focused uses, pharmacy, and therapy offices. A current survey and topographic work are available. This tract may be purchased individually or in conjunction with a separate 5.71-acre commercial tract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.132565
    Latitude
    33.444831

    Nearby Similar for Sale

    • $850,000
      3,643 SF

      Mcdonough Office Space For Sale

      1.76 acres of commercial land ready for business.
      677 Jonesboro Road, Mcdonough, GA 30253
      View Details
    • $435,000
      2,853 SF

      Historic McDonough Commercial Opportunity

      Charming 1885 building near McDonough Square with commercial potential.
      94 Macon Street, Mcdonough, GA 30253
      View Details
    • $499,999

      Commercial Land in McDonough, GA

      1.745-acre commercial land parcel in a high-growth area.
      3788 Jodeco Road, Mcdonough, GA 30253
      View Details
    • $981,649

      Prime Commercial Land Opportunity

      2.01 acre commercial land in a high-growth corridor.
      0 McDonough Parkway, Mcdonough, GA 30253
      View Details
    • $300,000
      1,185 SF

      Retail Space in Mcdonough, GA

      Retail space for sale in Mcdonough, Georgia.
      119 Old Griffin Road, Mcdonough, GA 30253
      View Details
    • $350,000

      Renovated Commercial Space in McDonough

      Fully renovated commercial space with income-producing units in McDonough, GA.
      3949 Jodeco Road, Mcdonough, GA 30253
      View Details
    • $981,649

      Prime McDonough Parkway Commercial Land

      2.01 acres in a high-growth corridor near I-75.
      0 McDonough Parkway, Mcdonough, GA 30253
      View Details
    • $1,999,000

      Prime Land in Mcdonough, GA

      Two-acre lot with frontage on a busy county highway.
      2226 Jonesboro Road, Mcdonough, GA 30253
      View Details
    • $1,800,000
      3,591 SF

      Prime Commercial Property on Highway

      High-visibility commercial property in McDonough's growing business district.
      865 Highway 20/81, Mcdonough, GA 30253
      View Details
    • $200,000

      Residential Land in Prime Location

      6.72-acre tract ideal for building your dream home.
      Turner Church Road, Mcdonough, GA 30252
      View Details
    • $720,000

      Residential Development Opportunity Near I-75

      8.2 acres near I-75, ideal for residential development.
      133 Nail Drive, Mcdonough, GA 30253
      View Details
    • $499,900

      Prime Commercial Land Opportunity

      3.64 acres of commercial land zoned C3.
      137 Jackson Lake Road, Mcdonough, GA 30252
      View Details

    FAQs

    What type of property is this?
    Commercial land - 21.52 acres in McDonough's commercial corridor, suitable for development.
    Where is this commercial land located?
    The property is located at 491 Highway 81 E McDonough, GA.
    What is the asking price?
    The asking price for this property is $3,399,999.
    What are key features of this property?
    This property features: 21.52 acres in McDonough's primary commercial corridor with HIGH VISIBILITY.; Multiple road frontages and a newly approved roundabout for improved access.; Located on Highway 81 with active widening project underway.
    (770) 914-0369
    We can help!
    Listing Contact
    Kelly Adams
    Kelly Adams
    Real Estate License ID: 161116
    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
    491 Highway 81 E, Mcdonough, GA 30252
    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!