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

    580 Scenic Rte Cordele, GA 31015

    Sponsored
    For Sale
    $199,000

    Waterfront - Cordele, GA

    Type:Farm
    Lot size:
    1.98 Acres
    Days on Market:
    311
    Last Refresh:
    Jan 28 at 12:06 am

    Property Features for 580 Scenic Rte

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Lot size
    1.98 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shelia Knight

    Landbridge Realty (229) 271-7050

    Listing agent Shelia Knight (229) 271-7050

    Listing date Mar 24, 2025

    MLS# 57923 Listing URL

    Copyright © 2026 Crisp Area 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

    Waterfront Lot on Lake Blackshear

    This is a 1.98-acre waterfront lot located on Lake Blackshear in Cordele, GA. The property is situated in the Lincoln Pinch area and is intended for residential use, offering an opportunity to build a custom home. The lot is located at 580 Scenic Route, Cordele, GA 31015.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Cordele
    County
    Crisp
    State
    Georgia
    Longitude
    -83.916105
    Latitude
    31.928757

    Nearby Similar for Sale

    • $280,000
      7,521 SF

      Multi-Use Office & Warehouse Facility

      Versatile commercial property with office, warehouse, and residential space.
      2116 N Ga 41 Hwy, Cordele, GA 31015
      View Details
    • $350,000
      3,200 SF

      Cordele Warehouse with Office Space

      Built in 2019, featuring office and warehouse space.
      1200 E 13Th Ave, Cordele, GA 31015
      View Details
    • $350,000
      2,700 SF

      Cordele Retail Investment Opportunity

      Two buildings on one lot with income potential.
      1107 S 7Th St, Cordele, GA 31015
      View Details
    • Contact for pricing
      2,824 SF

      Murphy USA NNN Ground Lease

      Newly constructed Murphy USA with a 20-year absolute NNN lease.
      1305 E 16Th Ave, Cordele, GA 31015
      View Details
    • $15,575,000

      Renovated Apartment Portfolio in Cordele

      Recently renovated 120-unit apartment portfolio in Cordele, Georgia.
      Cordele Portfolio, Cordele, GA 31015
      View Details
    • $135,000
      3,600 SF

      Cordele Commercial Property For Sale

      Versatile 3,600 sq ft commercial space in Cordele, Georgia.
      1003 S 7Th St, Cordele, GA 31015
      View Details
    • $195,000
      1,680 SF

      Medical/Dental Office For Sale

      1,680 SF medical/dental office on 0.53 acres.
      416 E 3Rd Ave, Cordele, GA 31015
      View Details
    • $250,000
      25.00 Acres

      Prime 25-Acre Cordele Land Tract

      Investment Opportunity: 25 Acres in Cordele, GA
      3045 Us 280 Hwy, Cordele, GA 31015
      View Details
    • $975,000
      38,818 SF

      Prime Cordele Retail Center

      High-potential redevelopment opportunity.
      106 16Th Ave, Cordele, GA 31015
      View Details
    • $2,300,000
      5,500 SF

      Prime Cordele Restaurant Opportunity

      Established Denny's, High Traffic Location
      2115 16Th Ave, Cordele, GA 31015
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.98 acre waterfront lot ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at 580 Scenic Rte Cordele, GA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - 1.98 acre waterfront lot on Lake Blackshear, offering ample space.; - Located in the desirable Lincolm Pinch area.; - Ready for new construction of a dream home.
    (229) 881-7046
    Request Owner's contact information
    580 Scenic Rte Cordele, GA 31015
    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.
    580 Scenic Rte
    Cordele, GA 31015
    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
    580 Scenic Rte Cordele, GA 31015
    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
    Shelia Knight
    Real Estate License ID: 160902
    (229) 881-7046
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.