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    The Largest CRE Database in the US with Over 1 Million Listings

    50 Jakes Landing Way Ellijay, GA 30540

    Sponsored
    For Sale
    $89,000

    Vacant Lot - Ellijay, GA

    Lot size:
    0.96 Acres
    Days on Market:
    138
    Last Refresh:
    Feb 7 at 9:06 am

    Property Features for 50 Jakes Landing Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3022N 050
    Lot size
    0.96 Acres

    Taxes and HOA fees

    Expense value
    751.95001220703
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stephen Tucker

    Engel & Volkers North Georgia Mountains (678) 207-7803

    Listing agent Stephen Tucker (706) 406-5572

    Listing date Sep 23, 2025

    MLS# 415455 Listing URL

    Copyright © 2026 Northeast Georgia Board of Realtors. 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

    Ellijay Vacant Lot with Views

    This 0.96-acre lot is located in the gated community of Jake's Landing Overlook. It features all-paved access from town to the lot. The property offers year-round, long-range and mid-range mountain views. The terrain is level and gentle near the road, with some brush and brambles further down. The bottom of the lot is wooded and includes part of a road bed or trail. It is directly adjacent to the U.S. Army Corps of Engineers land, which encompasses Carter's Lake and part of the Coosawattee River, which can be seen from the lot. The community is less than 2 miles from Ridgeway Boat Ramp, which features a small dock and picnic areas on Carter's Lake, near the meeting point of the Coosawattee River. The Tumbling Waters Trail, offering views of falls and cascades on Tails Creek, begins in the same parking lot. This lot presents an opportunity to build a new home or investment property surrounded by the natural beauty of the North Georgia Mountains, while maintaining convenient road access to Ellijay. Homes in Jakes Landing Overlook can be no more than 2 bedrooms and must be between 500 and 1200 square feet. The property is located in Ellijay, GA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Big Box & Wholesale Store Hotel & Motel Cafe & Coffee Shop Storage Facility Furniture & Home Goods Bed & Breakfast Restaurant (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.59319934
    Latitude
    34.66271789

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    FAQs

    What type of property is this?
    Land - 0.96-acre lot with mountain views near Carter's Lake.
    Where is this land located?
    The property is located at 50 Jakes Landing Way Ellijay, GA.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: - Enjoy long-range and mid-range mountain views.; - Adjacent to U.S. Army Corps of Engineers land encompassing Carter's Lake and part of Coosawattee River.; - Located in gated community of Jake's Landing Overlook.
    (706) 406-5572
    Request Owner's contact information
    50 Jakes Landing Way Ellijay, GA 30540
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    Ellijay, GA 30540
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    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
    50 Jakes Landing Way Ellijay, GA 30540
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    We can help!
    Listing Contact
    Stephen Tucker
    Real Estate License ID: 363256
    (706) 406-5572
    Learn more
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