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    904 Rabun Rd Sparta, GA 31087

    View on Map
    Sponsored
    For Sale
    $399,000

    COMMERCIAL - Sparta, GA

    Property size:
    2,500 SF
    Lot size:
    24.00 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 10 at 2:06 am

    Property Features for 904 Rabun Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    217 009
    Size
    2,500 SF
    Lot size
    24.00 Acres

    Utilities

    Water source
    Well

    Building Details

    Year built
    1898
    Additional Structures
    Residence

    We can help!

    Listing Contact
    Claudia Baron Smart
    Claudia Baron Smart

    Buckhead Home Realty (404) 419-1004

    Listing agent Claudia Baron Smart (404) 419-1004

    Listing date Feb 24, 2026

    MLS# 10408296

    Copyright © 2026 Georgia Multiple Listing Service. 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

    24 Acres in Prime Location

    Located in Hancock County, Sparta, GA, the property at 904 Rabun Road features a fixer-upper home with 24 acres of level land. Constructed in 1898, the home retains original characteristics such as heart pine floors and tongue & groove/beadboard millwork. The property consists of two parcels totaling 24.1 acres, with approximate property lines shown in pictures. One acre is fenced, and there are several outbuildings, including an old greenhouse and barn. The land offers hunting opportunities, with one open field and another possible open field that needs clearing. Fruit trees on the property include apple, pear, pecan, and fig. The property is serviced by an outboard well with new parts. Situated between the Greensboro and Augusta exits, the location is approximately 10 miles from I-20. The property, zoned A-R (Agricultural-Residential), can be subdivided; dividing into five or more lots requires a preliminary plat and approval through Planning Commission and Board of Commissioners hearings, a process taking at least two months. The property is approximately 1 hour and 33 minutes from Atlanta and 1 hour from Augusta, Georgia. The house has 2500 square feet. Sold as is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Sparta
    County
    Hancock
    State
    Georgia
    Longitude
    -82.856225
    Latitude
    33.434045

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    FAQs

    What type of property is this?
    Specialty property - Fixer-upper home with 24 acres near I-20.
    Where is this specialty property located?
    The property is located at 904 Rabun Rd Sparta, GA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - 24.1 acres of land featuring open fields, wooded areas and potential for hunting.; - Prime location between Greensboro and Augusta exits, approximately 10 miles from I-20, with easy access to Atlanta and Augusta.; - Original character with heart pine floors and tongue & groove/beadboard millwork from its 1898 construction.
    (336) 929-2831
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    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
    904 Rabun Rd Sparta, GA 31087
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    We can help!
    Listing Contact
    Claudia Baron Smart
    Claudia Baron Smart
    Real Estate License ID: 422062
    (336) 929-2831 (404) 419-1004
    Learn more
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