Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    985 Hwy 32W Leesburg, GA 31763

    Sponsored
    For Sale
    $84,900

    Residential Lots - Leesburg, GA

    Type:Single Family Residence
    Lot size:
    5.19 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 4 at 1:06 am

    Property Features for 985 Hwy 32W

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Res Single
    APN
    026 044
    Lot size
    5.19 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amanda Wiley & Kyla Standring Team

    All IN One Realty (229) 888-6653

    Listing agent Amanda Wiley & Kyla Standring Team (229) 888-6653

    Listing date Feb 3, 2026

    MLS# 167514 Listing URL

    Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. 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

    Residential Land in Leesburg, GA

    This 5.19-acre lot is located in Leesburg, GA, in Lee County. The property is zoned for residential single-family use, offering an excellent location for building a dream home with peace, privacy, and serenity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Leesburg
    County
    Lee
    State
    Georgia
    Longitude
    -84.1221
    Latitude
    31.7522

    Nearby Similar for Sale

    • $675,000
      4,300 SF

      Historic Leesburg Commercial Estate

      Grand 1860 estate with income potential in growing commercial corridor.
      235 Cedric Street Ext, Leesburg, GA 31763
      View Details
    • $1,200,000
      1.54 Acres

      Commercial Building in Leesburg, GA

      Class A retail/office building on 1.54 acres in Leesburg.
      1150 Us Hwy 19S, Leesburg, GA 31763
      View Details
    • $1,217,391

      New Construction NNN Investment Property

      20-year absolute net lease in a growing Albany suburb.
      Us Highway 82, Leesburg, GA 31763
      View Details
    • $525,000

      Modern Barndominium on 21+ Acres

      Custom-built Leesburg barndominium on 21.67 acres with modern amenities.
      255 Stocks Dairy Rd, Leesburg, GA 31763
      View Details
    • $649,000
      1,470 SF

      Restaurant Building on Highway 19

      Restaurant building for sale or lease on high-traffic highway.
      1583 Us Highway 19 S, Leesburg, GA 31763
      View Details
    • $1,217,391

      New Construction NNN Retail Property

      20-year absolute net lease in growing Albany suburb.
      1367 Us-82, Leesburg, GA
      View Details
    • $450,000
      2.99 Acres

      Prime Leesburg Land - 2.99 Acres

      Exceptional development opportunity in Leesburg, GA.
      282 Ledo Rd, Leesburg, GA 31763
      View Details
    • $690,000
      4,351 SF

      Leesburg Commercial Property

      Historic building, established business
      235 Cedric St, Leesburg, GA 31763
      View Details
    • $415,000
      1.25 Acres

      Leesburg Commercial Lot - High Traffic

      Prime 1.25-acre lot, build-ready, high visibility.
      3 Forrester Pkwy, Leesburg, GA 31763
      View Details
    • $129,900
      4.66 Acres

      Leesburg Land: 4.66 Acres

      Prime Lee County development opportunity. Build your dream project or invest in future growth.
      103 Graves Springs Rd, Leesburg, GA 31763
      View Details
    • $1,395,000
      1,947 SF

      Class-A Retail Building, Leesburg, GA

      1,947 SF, Vacant, Prime Location
      1150 Us Highway 19, Leesburg, GA 31763
      View Details
    • $790,000
      27,007 SF

      US-19 Redevelopment Opportunity

      Leesburg, GA Auto Shop Redevelopment
      1608 Us Highway 19, Leesburg, GA 31763
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.19 acres of land to build your dream home.
    Where is this residential land & home lot located?
    The property is located at 985 Hwy 32W Leesburg, GA.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: - 5.19 acres of land provides ample space.; - West Lee County location.; - Opportunity to build a dream home.
    (229) 888-6653
    Request Owner's contact information
    985 Hwy 32W Leesburg, GA 31763
    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.
    985 Hwy 32W
    Leesburg, GA 31763
    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
    985 Hwy 32W Leesburg, GA 31763
    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
    Amanda Wiley & Kyla Standring Team
    (229) 888-6653
    Learn more
    Google sign-in failed. Please try again or use another login method.