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

    98 Magnolia Court Summerville, GA 30747

    View on Map
    New
    For Sale
    Contact for pricing

    LAND - Summerville, GA

    Lot size:
    1.14 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 98 Magnolia Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0050C0000028AL13
    Lot size
    1.14 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    172

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Edwin Garcia

    Listing agent Edwin Garcia License #358409

    Listing office Keller Williams Northwest 100 E 2nd Ave, Suite 400, Marietta, GA

    Listing date Mar 31, 2026

    MLS# 10721853

    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.

    Overview

    Residential Lot in Magnolia Ridge

    This 1.14-acre lot is located in the Magnolia Ridge community of Summerville, Georgia. The property is suitable for building a home and features a potential homesite. The back of the lot slopes, offering landscaping opportunities. The location provides country living while remaining close to town, schools, and local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Storage Facility Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Chattooga
    State
    Georgia
    Longitude
    -85.324996
    Latitude
    34.471669

    Nearby Similar for Sale

    • $483,500

      Historic Mixed-Use Redevelopment Opportunity

      Meticulously rebuilt mixed-use property with historic architectural details.
      91 Georgia Avenue, Summerville, GA 30747
      View Details
    • $20,000

      Highway 27 Commercial Land Opportunity

      Land parcel with highway frontage and commercial rezoning potential.
      Highway 27, Summerville, GA 30747
      View Details
    • $199,000

      Commercial Lot in Summerville, GA

      0.48 acre commercial lot with high visibility.
      14 Favor Street, Summerville, GA 30747
      View Details
    • $624,975

      Summerville Land Ideal for Recreation

      Expansive property perfect for recreation, hunting, and building.
      Highway 100, Summerville, GA 30747
      View Details
    • $57,000

      Summerville Land Investment Opportunity

      2.14 acres with utilities, investment potential in Summerville, GA.
      77 Susie Lane, Summerville, GA 30747
      View Details
    • $75,000

      2.5 Acres in Summerville, GA

      2.5-acre property partially prepared for RV or boat storage.
      800 Hair Lake Road, Summerville, GA 30747
      View Details
    • $1,700,000
      11,300 SF

      Versatile Commercial Property on Highway 27

      15.52 acre property with 11,300 sqft building and residential home.
      1500 Highway 27, Summerville, GA 30747
      View Details
    • $57,000

      Summerville Land Investment Opportunity

      2.14 acres with utilities, potential for income-producing property.
      77 Susie Lane, Summerville, GA 30747
      View Details
    • $60,000

      Summerville Land with Solar Power

      1.47 acre land with solar, creeks, and animal pens.
      45 Roosevelt Street, Summerville, GA 30747
      View Details
    • $42,000

      Summerville, GA Acreage with Views

      4.86-acre parcel with mountain views near Summerville, Georgia.
      Lookout View Drive, Summerville, GA 30747
      View Details
    • $65,000

      Summerville Land Ready to Build

      5.15 acres of land near Sloppy Floyd Lake State Park.
      White Oak Road, Summerville, GA 30747
      View Details
    • $275,000
      4,750 SF

      Downtown Summerville Retail Opportunity

      Retail building and land for sale in downtown Summerville.
      59 Union Street, Summerville, GA 30747
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.14-acre lot in Summerville's Magnolia Ridge community.
    Where is this residential land & home lot located?
    The property is located at 98 Magnolia Court Summerville, GA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.14‑acre lot in desirable Magnolia Ridge community.; Ideal homesite already identified by a builder.; Opportunity for creative landscaping and outdoor living space due to sloping backyard.
    (706) 767-8040
    We can help!
    Listing Contact
    Edwin Garcia
    Real Estate License ID: 358409
    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!