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

    6601 Psalmond Road Midland, GA 31820

    View on Map
    For Sale
    $5,000,000

    LAND - Midland, GA

    Lot size:
    10.32 Acres
    Added:
    May 23, 2025
    Days on Market:
    315
    Last Refresh:
    Apr 2 at 5:06 am

    Property Features for 6601 Psalmond Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R4 Residential Small Trac
    Vegetation
    Grassed, Cleared
    Fencing
    Cross Fenced, Fenced
    Standard status
    Active
    APN
    120 001 001
    Lot size
    10.32 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Additional Structures
    Grain Storage

    We can help!

    Listing Contact
    Mary Ellen Freeman

    Listing agent Mary Ellen Freeman

    Listing office Realestaters Inc. 5977 Whitesville Rd Ste 24, Columbus, GA

    Listing date May 23, 2025

    MLS# 221261

    Copyright © 2025 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Midland, GA Land For Sale

    This 10.32-acre property in Midland, GA, is currently used as a horse boarding and training facility. It features stables, a lighted riding rink, and separate paddocks with run-up shelters. While the current zoning is R4 Residential Small Tract, its location makes it ideal for apartments or an office complex. The land is mostly level with some trees and grass.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Midland
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.8583508
    Latitude
    32.5415229

    Nearby Similar for Sale

    • $3,500,000
      2,700 SF

      Prime Development Land in Midland, GA

      9.16-acre assemblage in high-growth area suitable for diverse development.
      8000 Beaver Run Road, Midland, GA 31820
      View Details
    • $399,000

      Partially Graded Commercial Parcel

      2.84 acre parcel near Midland Commons, suitable for business.
      6919 Jamesson Way, Midland, GA 31820
      View Details
    • $223,000

      Commercial Land in Midland, GA

      Usable acreage in a fantastic North-East Columbus location.
      6912 D Jamesson Way, Midland, GA 31820
      View Details
    • $79,000

      Midland, GA Wooded Building Lot

      2.698 acre wooded building lot in Midland, Georgia.
      7834 Oakhurst Court, Midland, GA 31820
      View Details
    • $1,500,000

      100+ Acre Midland Family Estate

      100.17 acres suitable for a family estate or development.
      7715 Lynch Road, Midland, GA 31820
      View Details
    • $1,500,000

      100+ Acre Oasis For Sale

      100.17 acre oasis near Columbus, GA, suitable for development.
      7715 Lynch Road, Midland, GA 31820
      View Details
    • $52,000

      Undeveloped Land on Whitton Drive

      1.02 acres of land in Midland, GA, ideal for development.
      7101 Whitton Drive, Midland, GA 31820
      View Details
    • $399,000

      2.84 Acre Partially Graded Parcel

      2.84 acre parcel near Midland Commons, US80, and Manchester Expressway.
      6919 Jamesson Way, Midland, GA 31820
      View Details
    • $1,500,000

      100+ Acre Oasis Near St.

      Large acreage near St. Francis and The Medical Center.
      7715 Lynch Road, MIDLAND, GA 31820
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 10.32 acre land in Midland, GA, suitable for development.
    Where is this horse & equestrian property located?
    The property is located at 6601 Psalmond Road Midland, GA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Currently operating as a horse boarding and training facility with stables and a lighted riding rink.; Zoned for residential small tracks after sale, offering immediate residential development potential.; Ideal location for apartments or an office complex, suggesting high potential for future commercial development.
    (706) 573-0540
    We can help!
    Listing Contact
    Mary Ellen Freeman
    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!