Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Lot in Lake Park Title is generated by Realmo AI

    4999 Oak Hill Drive, Lake Park, GA 31636

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $45,000

    LAND - Lake Park, GA

    Lot size:
    0.40 Acres
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 4999 Oak Hill Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res Single
    Standard status
    Active
    APN
    0198 024
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 7, Block A, Saddlebags Est Lowndes County GA
    Tax Annual Amount
    305

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Karen Richter
    Karen Richter

    Listing agent Karen Richter License #213956

    Listing office RE/MAX OF ALBANY 1819 Dawson Road, Albany, GA

    Listing date May 18, 2026

    MLS# 169171

    Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront property on a pond
    • Approximately 0.40 acres
    • Wooded lot offering privacy and natural beauty
    • Suitable for a homesite, weekend getaway, or investment
    • Scenic water views and tranquil atmosphere
    • Opportunity for future building

    Overview

    This is a 0.40-acre waterfront lot located in Lake Park, Georgia. The wooded property offers privacy and natural beauty, presenting opportunities for a future homesite, weekend getaway, or investment. The location provides scenic water views and a tranquil atmosphere. The property is zoned for residential single-family use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Park
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.22638
    Latitude
    30.677479

    Nearby Similar for Sale

    • $499,000
      2,184 SF

      Lake Park Duplex Investment Opportunity

      Four units, each 2184 SF, near shopping and I-75.
      5406, 10 Worthington Street, Lake Park, GA 31632
      View Details
    • $749,000
      13,104 SF

      Lake Park Multi-Unit Investment

      Six-unit multifamily property in Lake Park, Georgia. Great investment opportunity.
      5190-94 Danieli, Lake Park, GA 31636
      View Details
    • $2,150,000

      Land Near I-75, Lake Park

      2.02 acre commercial land near I-75 in Lake Park.
      1088 Lakes Boulevard, Lake Park, GA 31636
      View Details
    • $41,500

      Waterfront Lot in Lake Park

      0.40-acre waterfront lot in Saddlebags Estates community.
      4989 OAK HILL DR, Lake Park, GA 31636
      View Details
    • $85,000

      Waterfront Lot on Hammock Lake

      Over 3/4 acre waterfront lot with lake views.
      5008 Hammock Trail, Lake Park, GA 31636
      View Details
    • $85,000

      Waterfront Lot on Hammock Lake

      Over 3/4 acre waterfront lot with lake views.
      Lot 12 Hammock Trail, Lake Park, GA 31636
      View Details
    • $85,000

      Waterfront Land in Lake Park

      Waterfront lot to build your dream home on Hammock Lake.
      5010 Hammock Trail, Lake Park, GA 31636
      View Details
    • $25,000

      Wooded Acre in Lake Park

      One-acre wooded lot in South Lowndes County, zoned E-A.
      3869 Shelton Road, Lake Park, GA 31636
      View Details
    • $45,000

      Waterfront Wooded Residential Retreat

      0.41-acre waterfront property in Lake Park, GA.
      5003 Oak Hill Drive, Lake Park, GA 31636
      View Details
    • $150,000

      Lakefront Buildable Lot in Georgia

      Lakefront lot in Southern Lowndes County with access to Long Pond.
      5535 Timber Wind Cir., Lake Park, GA 31636
      View Details
    • $195,000

      Lake Park Commercial Corner Lot

      1.48-acre corner lot with high visibility and water access.
      7164 Lakes Blvd, Lake Park, GA, 31636-3464
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.40-acre waterfront property in Lake Park, Georgia.
    Where is this waterfront land located?
    The property is located at 4999 Oak Hill Drive Lake Park, GA.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Waterfront property on a pond; Approximately 0.40 acres; Wooded lot offering privacy and natural beauty
    (229) 854-3730
    We can help!
    Listing Contact
    Karen Richter
    Karen Richter
    Real Estate License ID: 213956
    Learn More
    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
    4999 Oak Hill Drive, Lake Park, GA 31636
    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!