Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5 Acre Corner Lot Title is generated by Realmo AI

    Hwy 186, Good Hope, GA 30641

    View on Map
    Claim this Listing
    For Sale
    $300,000

    LAND - Good Hope, GA

    Lot size:
    5.00 Acres
    Added:
    Feb 22, 2025
    Days on Market:
    458
    Last Refresh:
    May 26 at 12:06 pm

    Property Features for Hwy 186

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Vegetation
    Cleared
    Standard status
    Active
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1137

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    TODD JACKSON

    Listing agent TODD JACKSON License #158396

    Listing office Jackson Realty 316 N Broad Street, Monroe, GA

    Listing date Feb 22, 2025

    MLS# 7529366 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5 Acre corner tract with 935+\/- Ft of double road frontage
    • Level and Open land, ready to build
    • Potential to divide and build 2 homes
    • Easy access to Hwy 441
    • Minutes to Good Hope and Monroe
    • Cable Available

    Overview

    This 5-acre corner tract features approximately 935 feet of double road frontage. The land is level and open, making it suitable for construction. It is located minutes from Good Hope and Monroe, with convenient access to Highway 441, Bishop, and Athens. The property is zoned A and can be divided to build two homes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Good Hope
    County
    Walton
    State
    Georgia
    Longitude
    -83.609194
    Latitude
    33.785188

    Nearby Similar for Sale

    • $210,000

      Land Near Jacks Creek

      4.24 acre land parcel near Good Hope, Georgia.
      4360 Highway 186, Good Hope, GA 30641
      View Details
    • $300,000

      5 Acres Corner Lot

      Corner lot with road frontage near Good Hope, Georgia.
      Hwy 186, Good Hope, GA 30641
      View Details
    • $210,000

      Land Near Jacks Creek

      4.30 acres near Monroe, Good Hope, and Athens.
      4380 Highway 186, Good Hope, GA 30641
      View Details
    • $339,900

      Residential Land in Good Hope

      14.57 acre lot perfect to build your dream home.
      2644 Nunnally Shoals Tract 2 Road, Good Hope, GA 30641
      View Details
    • $525,000

      Walton County Land For Sale

      45 acre tract fronting Jacks Creek in Good Hope.
      0 Bearden Road, Good Hope, GA 30641
      View Details
    • $300,000

      5 Acres Corner Lot

      Land with road frontage near Good Hope, Georgia.
      Hwy 186, Good Hope, GA 30641
      View Details
    • $525,000

      45 Acres Hunting Land

      45 acres of land suitable for hunting and recreation.
      Bearden Road, Good Hope, GA 30641
      View Details
    • $525,000

      Land For Sale in Good Hope

      45.44 acres of land available in Good Hope, Georgia.
      0000 Bearden Road, Good Hope, GA 30641
      View Details
    • $525,000

      Land in Good Hope, GA

      45.44 acres of land for sale in Good Hope.
      Bearden Road, Good Hope, GA 30641
      View Details
    • $210,000

      Land Near Jacks Creek

      4.24 acres near Good Hope, GA, backs to Jacks Creek.
      4360 Highway 186, Good Hope, GA 30641
      View Details
    • $241,900

      Land For Sale

      Land available in Good Hope, GA.
      2536 Brindle Farmer RD, Good Hope, GA 30641
      View Details

    FAQs

    What type of property is this?
    Land - Level, open land ready to build on near Good Hope.
    Where is this land located?
    The property is located at Hwy 186 Good Hope, GA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 5 Acre corner tract with **935+\/- Ft of double road frontage**; Level and Open land, **ready to build**; Potential to divide and build 2 homes
    770-267-7557 ext301
    We can help!
    Listing Contact
    TODD JACKSON
    Real Estate License ID: 158396
    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
    Hwy 186, Good Hope, GA 30641
    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!