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

    500 Sand Bar Dr Dr Saint Marys, GA 31558

    Sponsored
    Picture of Land at Sand Bar Dr Dr 500, Saint Marys, GA
    For Sale
    $1,650,000

    Raw Acreage - St Marys, GA

    Lot size:
    19.80 Acres
    Days on Market:
    260
    Last Refresh:
    Feb 5 at 10:06 pm

    Property Features for 500 Sand Bar Dr Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    135M 035
    Lot size
    19.80 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Fred Freyer Jr.

    Don Wright & Associates (912) 638-4740

    Listing agent Fred Freyer Jr. (912) 638-4740

    Listing date May 22, 2025

    MLS# 1654157 Listing URL

    Copyright © 2026 Golden Isles Association 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

    St. Marys Multifamily Development Opportunity

    This 19.8-acre parcel in St. Marys, Camden County, GA, offers a multifamily residential development opportunity. The property is ideally located within a five-minute drive to the main entrance of Kings Bay Naval Submarine Base. It is well-positioned to meet the housing needs of military personnel, contractors, and families seeking rental or ownership options close to employment hubs. Public water and sewer are available at the property. The property consists of three contiguous tax parcels. Parcel 135M 035 fronting Charlie Smith, Sr. Highway is zoned Highway Commercial; Parcel 135M 037 fronting San Bar Drive is zoned R-2 (duplex/triplex); Parcel 135M 038 fronting Douglas Drive is zoned R-1 (10,000 sf lots). The property is subject to rezoning for multifamily use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Saint Marys
    County
    Camden
    State
    Georgia
    Longitude
    -81.5701
    Latitude
    30.7777

    Nearby Similar for Sale

    • $695,000
      1,484 SF

      Mixed-Use Property Near Downtown

      Versatile property with commercial spaces and residential unit.
      1721 Osborne St, Saint Marys, GA 31558
      View Details
    • $695,000
      2,867 SF

      Mixed-Use Property in St. Marys

      Versatile mixed-use property with commercial spaces and residential unit.
      1721 Osborne St, Saint Marys, GA 31558
      View Details
    • $650,000
      8,892 SF

      Historic Theater by the Trax

      Historic building in St. Marys, Georgia, suitable for various businesses.
      1000 Osborne Rd, Saint Marys, GA 31558
      View Details
    • $549,900
      2,370 SF

      St. Marys Office Space Available

      Premier office space in St. Marys, GA with expansion potential.
      2420 Osborne St, Saint Marys, GA 31558
      View Details
    • $480,000
      2,400 SF

      St. Marys Office & Warehouse

      Versatile office and warehouse space in a prime corner location.
      2110 Osborne Rd, Saint Marys, GA 31558
      View Details
    • $480,000
      2,400 SF

      St. Marys Office & Warehouse

      Versatile office and warehouse space on a high-traffic corner.
      2110 Osborne Rd, Saint Marys, GA 31558
      View Details
    • $479,900
      Pending

      St. Marys Commercial Space Available

      5,520 SF commercial space in St. Marys, Georgia.
      107 Industrial Dr Unit, Saint Marys, GA 31558
      View Details
    • $479,900
      5,520 SF

      St Marys Commercial Space For Sale

      5,520 SF commercial space in St Marys, GA for sale.
      107 Industrial Dr, Saint Marys, GA 31558
      View Details
    • $195,000

      Operating Restaurant in St Marys

      Full-service Mexican cantina restaurant with bar area for sale.
      127-129-133 City Smitty Dr, Saint Marys, GA 31558
      View Details
    • $195,000
      4,583 SF

      Restaurant/Bar Opportunity in St. Marys

      Operating restaurant/bar in high-traffic St. Marys shopping center.
      127-129-133 City Smitty Dr, Saint Marys, GA 31558
      View Details
    • $440,000
      4,440 SF

      St. Marys Commercial Income Opportunity

      Commercial building with three units, ideal for office spaces.
      2201 Osborne Rd, Saint Marys, GA 31558
      View Details
    • New
      Contact for pricing
      0.25 Acres

      Upscale Private Suites in St. Marys

      Flexible, high-end office suites with included utilities and Wi-Fi.
      122 Hawthorn Ln, Saint Marys, GA 31558
      View Details

    FAQs

    What type of property is this?
    Land - 19.8 acres suitable for multifamily development near Kings Bay Naval Base.
    Where is this land located?
    The property is located at 500 Sand Bar Dr Dr Saint Marys, GA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Prime 19.8-acre parcel suitable for multifamily development (subject to rezoning).; - Ideally located within a five-minute drive to Kings Bay Naval Submarine Base.; - Public water and sewer available at the property.
    (912) 230-0539
    Request Owner's contact information
    500 Sand Bar Dr Dr Saint Marys, GA 31558
    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.
    500 Sand Bar Dr Dr
    Saint Marys, GA 31558
    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
    500 Sand Bar Dr Dr Saint Marys, GA 31558
    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
    Fred Freyer Jr.
    (912) 230-0539
    Learn more
    Google sign-in failed. Please try again or use another login method.