Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Income-Producing Water System Asset Title is generated by Realmo AI

    Academy Drive, Thomasville, GA 31792

    View on Map
    Claim this Listing
    Picture of Specialty properties at Academy Drive, Thomasville, GA
    For Sale
    $35,000

    COMMERCIAL - Thomasville, GA

    Lot size:
    0.25 Acres
    Added:
    Dec 14, 2025
    Days on Market:
    170
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for Academy Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.25 Acres

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Chris Meares

    Listing agent Chris Meares

    Listing office LPT Realty 1230 Peachtree Street NE Suite 1900, GA

    Listing date Dec 14, 2025

    MLS# 926288

    Copyright © 2026 Thomasville Area Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established, income‑producing water system asset.
    • Consistent monthly revenue of $420.
    • Includes a 3‑inch pump.
    • Features a 1000‑gallon tank.
    • Equipped with 7 taps.
    • Built in 2000.

    Overview

    This is a rare opportunity to own an income-producing asset: a water system located in Thomas County, Georgia. The system features one 3-inch pump and one 1,000-gallon tank. It currently has 7 taps and generates $420 in monthly revenue. The property has a lot size of 0.25 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Thomasville
    County
    Thomas
    State
    Georgia
    Longitude
    -84.0644976
    Latitude
    30.8913911

    Nearby Similar for Sale

    • $975,000
      4,637 SF

      Downtown Commercial Building Near Shops

      Commercial building in historic downtown Thomasville, suitable for restaurant.
      228-236 W Jackson, Thomasville, GA 31792
      View Details
    • $299,900
      1,439 SF

      Downtown Thomasville Mixed-Use Opportunity

      DG zoned property suitable for residential, commercial, or mixed-use.
      228 Gordon Ave, Thomasville, GA 31792
      View Details
    • $1,090,000
      4,800 SF

      Downtown Commercial Space Available

      Rare commercial space in downtown Thomasville, suitable for various businesses.
      111 REMINGTON AVE, Thomasville, GA 31792
      View Details
    • $685,000
      2,645 SF

      Mixed-Use Investment in Thomasville, GA

      Income-producing duplex with flexible zoning and value-add potential.
      432 Remington, Thomasville, GA 31792
      View Details
    • $1,200,000
      9,500 SF

      Thomasville Commercial Property with Cross-Dock

      Functional cross-dock terminal on 5 acres, suitable for storage.
      1250 Sunset Drive (5.5 Acres), Thomasville, GA 31792
      View Details
    • $1,175,000
      3,500 SF

      Scenic South Georgia Farm Retreat

      47-acre Thomasville farm with cypress log home.
      2501 Stringer Rd, Thomasville, GA 31792
      View Details
    • $260,000
      6,020 SF

      Thomasville Commercial Property For Sale

      Commercial property with redevelopment potential, located near downtown Thomasville, GA.
      522 N Broad Street, Thomasville, GA 31792
      View Details
    • $1,900,000
      18,660 SF

      Thomasville Commercial Strip Center For Sale

      Established strip center with mini-storage units in Thomasville, GA.
      1102 E Jackson St., Thomasville, GA 31792
      View Details
    • $265,000
      1,909 SF

      Thomasville Car Wash Opportunity

      Self-serve car wash with potential for commercial transformation.
      532 W Jackson, Thomasville, GA 31792
      View Details
    • $260,000
      6,020 SF

      Thomasville Commercial Property on Broad

      Commercial property with potential, located minutes from downtown Thomasville.
      522 N Broad Street, Thomasville, GA 31792
      View Details
    • $1,500,000
      25,210 SF

      Thomasville Commercial Property with Expansion Potential

      Versatile commercial property with warehouse, office space, and expansion potential.
      11763 US Hwy 319, Thomasville, GA 31757
      View Details
    • $275,000
      8,608 SF

      Camellia Estates Mobile Home Park

      Mobile home park in Thomasville, GA with stable cash flow.
      56 Egypt Road, Thomasville, GA 31757
      View Details

    FAQs

    What type of property is this?
    Specialty property - Established water system in Thomas County, Georgia, generating monthly revenue.
    Where is this specialty property located?
    The property is located at Academy Drive Thomasville, GA.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Established, income‑producing water system asset.; Consistent monthly revenue of $420.; Includes a 3‑inch pump.
    (229) 221-5762
    We can help!
    Listing Contact
    Chris Meares
    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

    Thank You for Inquiry
    Academy Drive, Thomasville, GA 31792
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!