Add Listing
    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

    51 Thrasher Drive Watkinsville, GA 30677

    View on Map
    Claim this Listing
    New
    For Sale
    $169,000

    LAND - Watkinsville, GA

    Lot size:
    0.46 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 18 at 6:06 am

    Property Features for 51 Thrasher Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    001
    Vegetation
    Cleared
    Standard status
    Active
    APN
    W05-0-73A
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    1793/653 1737/352 781/446 1/133 3/149 ; THR
    Tax Annual Amount
    761

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    1

    We can help!

    Listing Contact
    Lisa Bernstein

    Listing agent Lisa Bernstein License #377868

    Listing office EXP Realty LLC 1372 Peachtree Street NE, Atlanta, GA

    Listing date Apr 17, 2026

    MLS# CL353933 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Watkinsville Homesite Ready for Construction

    This 0.46-acre homesite is located minutes from historic Watkinsville, Thomas Farm Preserve, and the Wire Park community. The lot has been site-prepped and cleared, providing a foundation for new construction. It has access to public sewer, city water, and electricity. Zoned R-3, the property is located in Oconee County and is suitable for a custom home. The location offers access to dining, shopping, and entertainment. The property is located at 51 Thrasher Drive, Watkinsville, GA 30677.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.407867
    Latitude
    33.867417

    Nearby Similar for Sale

    • $995,000
      5,902 SF

      Medical Office Space For Sale

      Located in Windridge Office Park, ideal for medical practice.
      1618 Mars Hill Road, Watkinsville, GA 30677
      View Details
    • $635,200
      3,200 SF

      Watkinsville Office Suites For Sale

      Professional office suites in Oconee County, highly accessible and visible.
      1551 Jennings Mill Road, Watkinsville, GA 30677
      View Details
    • $150,000
      760 SF

      Move-in Ready Office Space

      Well-maintained office unit in prime Oconee County location.
      1551 Jennings Mill Road, Watkinsville, GA 30677
      View Details
    • $7,500,000

      Watkinsville Land For Sale

      5.3+/- acres zoned for mixed-use development in Watkinsville, GA.
      Harris Lane, Watkinsville, GA 30677
      View Details
    • $450,000
      2,872 SF

      Watkinsville Duplex: Investor Opportunity

      Duplex in Oconee County with long-term upside potential.
      160 VFW Drive, Watkinsville, GA 30677
      View Details
    • $699,000

      Usable Land in Desirable Location

      20.79 acres in Watkinsville, GA with pasture and creek.
      1497 Kirkland Road, Watkinsville, GA 30677
      View Details
    • $169,000

      Watkinsville Homesite Ready for Building

      Cleared 0.46-acre homesite near downtown Watkinsville, ready for construction.
      51 Thrasher Drive, Watkinsville, GA 30677
      View Details
    • $499,700

      Watkinsville Land with Creek

      14.98-acre tract in Oconee County near Athens and UGA.
      Tall Oaks Road, Watkinsville, GA 30677
      View Details
    • $1,440,000
      9,000 SF

      9,000 SF Commercial Building

      Commercial building with flexible layout and functionality in Oconee County.
      1052 Moreland Heights Road, Watkinsville, GA 30677
      View Details
    • $325,000

      Watkinsville Land on Marshall Store

      7.89 acre tract in a quiet rural setting.
      Marshall Store Road, Watkinsville, GA 30677
      View Details
    • $499,700

      Watkinsville Land with Creek

      14.98-acre tract in Oconee County near Athens and UGA.
      Tall Oaks Road, Watkinsville, GA 30677
      View Details
    • $371,500

      Watkinsville Land with Hardwood Trees

      13.51 acres of land with mature hardwood trees.
      Old Salem Rd, Watkinsville, GA 30677
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared 0.46-acre homesite near downtown Watkinsville, Georgia.
    Where is this residential land & home lot located?
    The property is located at 51 Thrasher Drive Watkinsville, GA.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: Cleared and site‑prepped 0.46‑acre lot ready for immediate construction.; Prime location minutes from downtown Watkinsville, Thomas Farm Preserve, and Wire Park.; Access to public sewer, city water, and electricity.
    (706) 765-7441
    We can help!
    Listing Contact
    Lisa Bernstein
    Real Estate License ID: 377868
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!