Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 HICKORY PASS Sparta, GA 31087

    View on Map
    Claim this Listing
    For Sale
    $149,000

    Land - Sparta, GA

    Type:Single Family Residence
    Lot size:
    0.73 Acres
    Added:
    Jan 10, 2025
    Days on Market:
    474
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for 0 HICKORY PASS

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Standard status
    Active
    Lot size
    0.73 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Margaret Decker

    Listing agent Margaret Decker

    Listing office Lake Homes Realty GA

    Listing date Jan 10, 2025

    MLS# 67668 Listing URL

    Copyright © 2026 Lake Country Board of Realtors, Inc (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Sinclair Waterfront Lot

    This 0.73-acre lake lot on Lake Sinclair offers over 90 feet of shoreline. The property is located in an unrestricted area, allowing for flexible building options, including modern barndominiums, craftsman cottages, or contemporary designs. RV or camper parking is permitted during the planning and building phase. The deep water is suitable for boating, swimming, and other waterfront activities. A single boat house can be permitted. The location provides convenient access to Crooked Creek Restaurant and Marina, as well as shopping and dining in downtown Milledgeville, including Publix and Kroger. Georgia College and State University and GMC are nearby. Hartsfield-Jackson Atlanta International Airport is approximately 2 hours away. A soil report and survey have been completed, and the land is fee simple.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sparta
    County
    Hancock
    State
    Georgia
    Longitude
    -83.19633
    Latitude
    33.282353

    Nearby Similar for Sale

    • $700,000

      Renovated Motel on Augusta Highway

      Family-run motel with renovated rooms and expansion potential.
      12730 Augusta Highway, Sparta, GA 31087
      View Details
    • $700,000

      Sparta Motel on Augusta Highway

      Family-run motel with renovated rooms and expansion potential.
      12730 Augusta Highway, Sparta, GA 31087
      View Details
    • $449,000

      Lake Sinclair Waterfront Land

      Lakefront lot with deep water access and community amenities.
      116 S Emerald Way, Sparta, GA 31087
      View Details
    • $15,000

      Wooded Acreage Near Lake Sinclair

      1.02 acre lot with community amenities near Lake Sinclair.
      0 LOT 204 Jamesway Drive, Sparta, GA 31087
      View Details
    • $15,000

      Wooded Acreage Near Lake Sinclair

      1.02 acre wooded lot with community lake access.
      0 LOT 203 Jamesway Drive, Sparta, GA 31087
      View Details
    • $145,000

      Lake Sinclair Waterfront Lot

      1.67-acre waterfront lot in Holiday Shores community, Sparta, GA.
      0 WOODLAND WAY, Sparta, GA 31087
      View Details
    • $22,000

      Lake Sinclair Acreage Opportunity

      One-acre double lot in lakeside community with lake access.
      River Ridge Trail, Sparta, GA 31087
      View Details
    • $145,000

      Waterfront Lot in Holiday Shores

      1.67 acre waterfront lot with gentle slope in Sparta.
      Woodland Way, Sparta, GA 31087
      View Details
    • $39,900

      Lake Sinclair Access Corner Lot

      Cleared 0.53 acre lot with utilities near Lake Sinclair.
      311 Foxglove Drive, Sparta, GA 31087
      View Details
    • $39,900

      Lake Sinclair Access Corner Lot

      Cleared 0.53 acre lot with utilities near Lake Sinclair.
      311 Foxglove Drive, Sparta, GA 31087
      View Details
    • $274,400

      Lake Sinclair Cleared Lake Lot

      Cleared lake lot with boathouse, dock, seawall, and utilities.
      729 & 731 Marigold Road, Sparta, GA 31087
      View Details
    • $11,500

      Land with Deeded Lake Access

      Undeveloped lot with deeded lake access near cul-de-sac.
      White Pine Ct., Sparta, GA 31087
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Gorgeous deep-water lake lot with pristine shoreline.
    Where is this residential land & home lot located?
    The property is located at 0 HICKORY PASS Sparta, GA.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Deep‑water lake lot with over 90 feet of pristine shoreline on Lake Sinclair.; Large .73‑acre lot suitable for building a custom lakefront home.; Permittable for a single boat house.
    (404) 401-6688
    We can help!
    Listing Contact
    Margaret Decker
    Real Estate License ID: 169319
    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!