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

    509 521 Honeysuckle Rd Albany, GA 31705

    Sponsored
    For Sale
    $650,000

    Residential Lots - Albany, GA

    Type:Single Family Residence
    Lot size:
    130.00 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 2 at 4:06 pm

    Property Features for 509 521 Honeysuckle Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Res Single
    APN
    00157/00001/04e & 00157/0
    Lot size
    130.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Maria A. Mangiapane
    Maria A. Mangiapane

    Parker Real Estate Group, LLC (229) 347-3440

    Listing agent Maria A. Mangiapane (229) 438-9019

    Listing date Jan 21, 2026

    MLS# 164681 Listing URL

    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.

    Learn more

    Overview

    Residential Land Package Deal

    This offering comprises 130 acres of residential land, presented as a package deal that includes two parcels of 39 acres and 91 acres, situated side by side. The land has already been platted for future subdivision development. Its location is behind the Honeysuckle Subdivision, offering proximity to the Marine base, grocery stores, a pharmacy, a hospital, and various restaurants. The property is zoned for residential single-family use.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -83.985
    Latitude
    31.464

    Nearby Similar for Sale

    • $1,150,000
      5.52 Acres

      Spacious Office Building on 5.5 Acres

      Large one-level office building in northwest Albany, Georgia.
      3005 Old Dawson Rd, Albany, GA 31721
      View Details
    • New
      $1,495,000
      1.06 Acres

      Remodeled Commercial Building on Oglethorpe

      Remodeled 8,300 SF commercial building with high visibility.
      1600 Oglethorpe Blvd, Albany, GA 31705
      View Details
    • New
      $350,000
      4,478 SF

      Albany Commercial Space For Sale

      Office/meeting space in growing historical district with mixed-use zoning.
      310 Tift Ave, Albany, GA 31701
      View Details
    • $95,000
      Pending

      Historic Albany Commercial Property For Sale

      Charming 1924 building in downtown Albany with flexible potential.
      317 Tift Ave, Albany, GA 31701
      View Details
    • $249,500
      Pending

      Renovated Commercial Building in Albany

      Renovated 5,232 SF commercial building suitable for various businesses.
      1101 Valley Rd, Albany, GA 31707
      View Details
    • $799,900
      1.00 Acre

      Prime Commercial Location, Albany GA

      Thriving auto dealership with redevelopment potential on a one-acre lot.
      1307 Slappey Blvd N, Albany, GA 31707
      View Details
    • $265,000
      Pending

      Commercial Space with Office/Warehouse

      5,250 sq ft commercial space with office and warehouse.
      1412 Blaylock St, Albany, GA 31705
      View Details
    • New
      $239,900
      Pending

      Albany Tire Shop For Sale

      Operating tire shop with equipment, bays, and storage. Corner lot.
      1400 West Broad Avenue Aly, Albany, GA 31701
      View Details
    • $1,648,860
      12.72 Acres

      Warehouse and Office Space Available

      Two Albany properties with warehouse, cooler, and office spaces for sale.
      1020 Clark Ave, Albany, GA 31705
      View Details
    • New
      $1,200,000
      0.94 Acres

      Commercial Strip Mall in Albany

      Northwest Albany strip mall with anchor tenant and high visibility.
      2820 Meredyth Dr, Albany, GA 31707
      View Details
    • $49,999
      0.24 Acres

      Albany Duplex Investment Opportunity

      Duplex requiring cosmetic work, ideal for generating income.
      1503 Gillespie Ave, Albany, GA 31707
      View Details
    • $695,745
      21.91 Acres

      Albany Commercial Property with Trucking Features

      22-acre commercial property equipped for trucking business in Albany, GA.
      1905 Radium Springs Rd, Albany, GA 31705
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 130 acres of residential land near Honeysuckle Subdivision.
    Where is this residential land & home lot located?
    The property is located at 509 521 Honeysuckle Rd Albany, GA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - 130 acres of residential land, a package deal of two side-by-side parcels (39 acres and 91 acres).; - Already platted for future subdivision.; - Located near Marine base.
    (229) 869-2026
    Request Owner's contact information
    509 521 Honeysuckle Rd Albany, GA 31705
    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.
    509 521 Honeysuckle Rd
    Albany, GA 31705
    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
    509 521 Honeysuckle Rd Albany, GA 31705
    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
    Maria A. Mangiapane
    Maria A. Mangiapane
    (229) 869-2026
    Learn more
    Google sign-in failed. Please try again or use another login method.