Add Listing
    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

    Cannon Branch Rd, Unit 18 Cordele, GA 31015

    Sponsored
    For Sale
    $187,500

    LAND - Cordele, GA

    Property size:
    2,600 SF
    Lot size:
    1.01 Acres
    Days on Market:
    238
    Last Refresh:
    Feb 28 at 7:06 pm

    Property Features for Cannon Branch Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    2,600 SF
    Lot size
    1.01 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Michelle Mason Hughes

    Lake Blackshear Mason Hughes Realty, Inc. (229) 273-4044

    Listing agent Michelle Mason Hughes (229) 938-1000

    Listing date Jul 6, 2025

    MLS# 56787

    Copyright © 2026 Crisp 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.

    Learn more

    Property Insight Report

    Overview

    Cordele, GA Land with Boathouse

    This property, identified as lot # 18, is located in Cordele, GA. The lot size is 1.01 acres and includes a double boathouse. The property requires a minimum of 2600 square feet of heated space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Map

    City
    Cordele
    County
    Crisp
    State
    Georgia
    Longitude
    -83.92970869
    Latitude
    31.98028999

    Nearby Similar for Sale

    • New
      $750,000
      14,000 SF

      Updated Commercial Building in Cordele

      14,000 SF commercial building, move-in ready, prime Cordele location.
      910 S 7Th St, Cordele, GA 31015
      View Details
    • $269,000
      1,374 SF

      Multi-Family Property with Rental Income

      Multi-family property with investment potential near Highway 300.
      2298 S Us Highway 41, Cordele, GA 31015
      View Details
    • $130,000
      3,600 SF

      Cordele Commercial Space Opportunity

      Versatile 3,600 sq ft commercial space in Cordele, GA.
      1003 S 7Th St, Cordele, GA 31015
      View Details
    • Contact for pricing
      2,824 SF

      Murphy USA NNN Ground Lease

      Newly constructed Murphy USA with a 20-year absolute NNN lease.
      1305 E 16Th Ave, Cordele, GA 31015
      View Details
    • $195,000
      1,680 SF

      Medical/Dental Office For Sale

      1,680 SF medical/dental office on 0.53 acres.
      416 E 3Rd Ave, Cordele, GA 31015
      View Details
    • $15,575,000

      Renovated Apartment Portfolio in Cordele

      Recently renovated 120-unit apartment portfolio in Cordele, Georgia.
      Cordele Portfolio, Cordele, GA 31015
      View Details
    • New
      $335,000
      Pending

      Historical Commercial Property in Cordele

      Historical commercial property with 17.31 acres and over 45,000 SF.
      401 N 15Th St, Cordele, GA 31015
      View Details
    • $270,000
      7,521 SF

      Versatile Mixed-Use Facility on Acreage

      Multi-use commercial property with office, warehouse, and residential space.
      2116 N Ga 41 Hwy, Cordele, GA 31015
      View Details
    • $350,000
      2,700 SF

      Cordele Commercial Investment Opportunity

      Two buildings on one lot with income potential.
      1107 S 7Th St, Cordele, GA 31015
      View Details
    • $350,000
      3,200 SF

      Cordele Warehouse with Office Space

      Warehouse built in 2019 with office and climate control.
      1200 E 13Th Ave, Cordele, GA 31015
      View Details
    • $975,000
      38,818 SF

      Prime Cordele Retail Center

      High-potential redevelopment opportunity.
      106 16Th Ave, Cordele, GA 31015
      View Details
    • $2,300,000
      5,500 SF

      Prime Cordele Restaurant Opportunity

      Established Denny's, High Traffic Location
      2115 16Th Ave, Cordele, GA 31015
      View Details

    FAQs

    What type of property is this?
    Waterfront Property - Land for sale with double boathouse in Cordele, GA.
    Where is this waterfront property located?
    The property is located at Cannon Branch Rd, Unit 18 Cordele, GA.
    What is the asking price?
    The asking price for this property is $187,500.
    What are key features of this property?
    This property features: - Double Boathouse included.; - Lot # 18.; - Water Available.
    (229) 938-1000
    Request Owner's contact information
    Cannon Branch Rd, Unit 18 Cordele, GA 31015
    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.
    Cannon Branch Rd, Unit 18
    Cordele, GA 31015
    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
    Cannon Branch Rd, Unit 18 Cordele, GA 31015
    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
    Michelle Mason Hughes
    (229) 938-1000 (229) 273-4044
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!