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

    618 Thomas Rd Cleveland, GA 30528

    View on Map
    Sponsored
    For Sale
    Pending
    $475,000

    Single-Family Home, Farmhouse|Traditional - Cleveland, GA

    Type:Farm
    Property size:
    2,959 SF
    Lot size:
    1.37 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 9 at 6:06 pm

    Property Features for 618 Thomas Rd

    General Information

    Property type
    Other
    Property subtype
    Farm
    Property condition
    New Construction
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    Interior features
    Double Vanity, Walk-in Closet(s), High Ceilings 9 Ft Main, Entrance Foyer, Recessed Lighting, Vaulted Ceiling(s), Disappearing Attic Stairs, Other
    Exterior features
    Awning(s), Lighting, Private Entrance, Private Yard, Other
    Appliances
    Cooktop, Dishwasher, Microwave, Refrigerator, Washer
    Size
    2,959 SF
    Lot size
    1.37 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Forced Air
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2025
    Flooring type
    Carpet, Hardwood, Tile
    Roof type
    Composition, Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Core Properties.

    Berkshire Hathaway HomeServices Georgia Properties (770) 536-3007

    Listing agent Core Properties. (770) 536-3007

    Listing date Feb 17, 2026

    MLS# 7686455 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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

    Modern Farmhouse in Cleveland, Georgia

    Located in Cleveland, Georgia, the property at 618 Thomas Road is a modern farmhouse featuring 3 bedrooms and 2 bathrooms. The home offers nearly 3,000 total square feet, which includes expansive covered porches and an oversized two-car garage. The interior features an open-concept layout with a vaulted great room filled with natural light that flows into the kitchen and breakfast area. The primary suite includes a large walk-in closet and a bathroom with double vanities and a tiled shower. There are two additional bedrooms and a versatile flex room. The property includes over 700 square feet of covered porches. The home is situated on 1.37 acres and features blueberry bushes lining the property. A driveway with an additional parking pad or turnaround is also present. The home contains 1,776 heated square feet and a 483 square foot garage. Located minutes from local schools, shopping, and dining, the property provides access to Helen, Sautee Nacoochee, and the North Georgia Mountains.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom Storage Facility Garden Center Furniture & Home Goods Car Rental Facility (Bike/Boat/Book/etc) Store Home Appliance Store Pet Store Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    White
    State
    Georgia
    Longitude
    -83.8009
    Latitude
    34.55449

    Nearby Similar for Sale

    • $440,000
      Pending

      Renovated Duplex in Cleveland, GA

      Fully leased, renovated duplex with high cap rate in Cleveland.
      242 Hooper Rd, Cleveland, GA 30528
      View Details
    • $85,000
      0.03 Acres

      RV Lot with Gazebo

      Move-in ready RV lot with deck, gazebo, and shed.
      155 Fishtail Cir, Cleveland, GA 30528
      View Details
    • $440,000
      Pending

      Renovated Duplex in Cleveland, GA

      Fully renovated duplex with high cap rate in Cleveland, GA.
      242 Hooper Rd, Cleveland, GA 30528
      View Details
    • New
      $490,000
      Pending

      New Farmhouse in Cleveland, GA

      Modern farmhouse with 3 bedrooms, flex room, and covered porches.
      477 Thomason Rd, Cleveland, GA 30528
      View Details
    • $179,900
      2.33 Acres

      Land in Cleveland, Georgia

      2.33 acre property near Helen, GA with creek.
      Mill Creek Trl, Cleveland, GA 30528
      View Details
    • New
      $479,900

      Main Street Commercial Property

      Commercial property with offices and finished attic space.
      549 S Main St, Cleveland, GA 30528
      View Details
    • $85,000

      RV Lot with Deck & Gazebo

      Spacious RV lot with deck, gazebo, and new shed.
      155 Fishtail Cir, Cleveland, GA 30528
      View Details
    • $1,375,000
      0.70 Acres

      New Townhomes in Cleveland, GA

      Craftsman-style townhomes built in 2023, fully leased.
      178 Jackson Cir, Cleveland, GA 30528
      View Details
    • $99,900

      RV Lot in Paradise Valley

      Large, shady RV lot with full hook-ups and storage.
      318 Hidden Valley Rd, Cleveland, GA 30528
      View Details
    • $335,000
      1,578 SF

      Cleveland, GA Commercial Property

      1,578 sq ft building on 1 acre.
      657 Kytle St, Cleveland, GA 30528
      View Details
    • $325,000
      217,800 SF

      High-Traffic Commercial Tract in Cleveland, GA

      Prime 5-acre commercial lot, high visibility, rezoning potential.
      Highway 129, Cleveland, GA 30528
      View Details

    FAQs

    What type of property is this?
    Farm - New 3-bedroom, 2-bath farmhouse on 1.37 acres near downtown Cleveland.
    Where is this farm located?
    The property is located at 618 Thomas Rd Cleveland, GA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Brand-new modern farmhouse with open-concept living, vaulted ceilings, and abundant natural light.; - Peaceful 1.37-acre setting with mountain views and 700+ sq ft of covered porches.; - Primary suite features a walk-in closet, double vanities, and tiled shower.
    (470) 228-0846
    Request Owner's contact information
    618 Thomas Rd Cleveland, GA 30528
    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.
    618 Thomas Rd
    Cleveland, GA 30528
    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
    618 Thomas Rd Cleveland, GA 30528
    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
    Core Properties.
    (470) 228-0846 (770) 536-3007
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!