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

    Colonial Drive Thomasville, GA 31792

    View on Map
    Claim this Listing
    Picture of Agricultural land / Farmland at Colonial Drive, Thomasville, GA
    For Sale
    $2,000,000

    COMMERCIAL - Thomasville, GA

    Lot size:
    42.90 Acres
    Added:
    Mar 17, 2023
    Days on Market:
    1132
    Last Refresh:
    Apr 21 at 7:06 am

    Property Features for Colonial Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    AG
    Standard status
    Active
    Lot size
    42.90 Acres

    We can help!

    Listing Contact
    Jeffrey Jones

    Listing agent Jeffrey Jones License #106345

    Listing office Caliber Group Homes 124 N Broad Street, Thomasville, GA

    Listing date Mar 17, 2023

    MLS# 920792

    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.

    Overview

    Thomasville, GA Commercial Land

    This 42.9-acre property is located in Thomasville, GA, and is currently zoned for agricultural use in Thomas County. The land adjoins the City of Thomasville city limits and presents the possibility of being rezoned for various purposes.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Thomasville
    County
    Thomas
    State
    Georgia
    Longitude
    -83.9469162
    Latitude
    30.8575264

    Nearby Similar for Sale

    • $985,000
      4,637 SF

      Downtown Commercial Building Near Shops

      Prime location near shops, retail, and amphitheater with parking.
      228-236 W Jackson, Thomasville, GA 31792
      View Details
    • $685,000

      Commercial Land in High-Traffic Area

      Commercial land with high visibility and traffic in Thomasville, GA.
      2136 Smith Ave, Thomasville, GA 31792
      View Details
    • $800,000

      Thomasville Land Development Opportunity

      9-acre tract near Thomas University, ideal for development.
      S Pinetree Blvd., Thomasville, GA 31792
      View Details
    • $260,000
      6,020 SF

      Thomasville Commercial Property on Broad

      Commercial property in Thomasville, GA, with great potential.
      522 Broad Street, Thomasville, GA 31792
      View Details
    • $559,900
      17,510 SF

      Versatile Warehouse with Office Space

      Commercial warehouse featuring office and storage, ideal for various businesses.
      195 Mississippi, 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
    • $1,090,000
      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
    • $330,000
      2,796 SF

      Commercial Land in Thomasville, GA

      Four parcels with commercial zoning, development potential, and high visibility.
      1118 Madison St./1029 N Broad St, Thomasville, GA 31792
      View Details
    • $1,000,000

      Thomasville Development Opportunity on Pinetree

      12-acre tract near Thomas University, ideal for development.
      S Pinetree Blvd, Thomasville, GA 31792
      View Details
    • $275,000
      8,608 SF

      Established Mobile Home Park Investment

      Profitable mobile home park with tenant-owned homes in Thomasville, GA.
      56 Egypt Road, Thomasville, GA 31757
      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

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 42.9 acres suitable for rezoning near Thomasville city limits.
    Where is this agricultural land / farmland located?
    The property is located at Colonial Drive Thomasville, GA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 42.9 Acres of Land; Potential for Rezoning; Adjoins City of Thomasville City Limits
    (229) 225-4153
    We can help!
    Listing Contact
    Jeffrey Jones
    Real Estate License ID: 106345
    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!