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

    Jamesway Dr, Unit 204 Sparta, GA 31087

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Sparta, GA

    Lot size:
    1.02 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 3:06 am

    Property Features for Jamesway Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    029C 204
    Lot size
    1.02 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Chrissy Leatherwood
    Chrissy Leatherwood

    Coldwell Banker Bullard Realty (770) 477-6400 x277

    Listing agent Chrissy Leatherwood (770) 914-9250

    Listing date Mar 6, 2026

    MLS# 10704387

    Copyright © 2026 Georgia Multiple Listing Service. 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

    Wooded Acreage Near Lake Sinclair

    This is a 1.02-acre wooded interior lot located in Jamestown Village at Holiday Shores on Lake Sinclair. The property benefits from community amenities, including a boat ramp, two boat docks, two pavilion/picnic areas with grills, and a community restroom, all within a gated area. Lake Sinclair is a 15,300-acre lake known for its scenic shoreline and fishing, with species such as Largemouth bass, white bass, striped bass, catfish, crappie, hybrids, and bream. Located in Phase 1, the lot is suitable for mobile homes, manufactured homes, and modular homes, subject to HOA approval. The amenities area is gated, though the community itself is not. Fiber internet is available through a partnership between Washington EMC and Conexon Connect. A helicopter landing pad is located next door in the Holiday Shores community for medical emergencies, with optional subscription to the AirEvac Lifetime Membership Program through AirMedCare Network. A volunteer fire department serves Jamestown Village and surrounding areas. Lot lines need to be verified by the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sparta
    County
    Hancock
    State
    Georgia
    Longitude
    -83.161842
    Latitude
    33.293318

    Nearby Similar for Sale

    • $399,000
      2,500 SF

      24 Acres in Prime Location

      Fixer-upper home with 24 acres near I-20.
      904 Rabun Rd, Sparta, GA 31087
      View Details
    • New
      $274,900
      1.00 Acre

      Lake Sinclair Cleared Lake Lot

      Cleared Lake Sinclair lot with boathouse, dock, seawall, and utilities.
      729 Marigold Rd, Sparta, GA 31087
      View Details
    • $350,000
      24.00 Acres

      24-Acre Land in Sparta, GA

      24-acre property with outbuildings, fruit trees, and owner financing.
      904 Rabun Rd, Sparta, GA 31087
      View Details
    • $325,000
      4,920 SF

      Highway Retail and Hospitality Opportunity

      8.5-acre site with multiple buildings for sale.
      5176 Hwy, Sparta, GA
      View Details
    • $325,000
      4,920 SF

      Three Sparta Buildings - Great Potential

      8.5-acre retail complex, three buildings.
      5176 Ga-22, Sparta, GA 31087
      View Details
    • $700,000
      1.80 Acres

      Renovated Motel on Augusta Highway

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

      Sparta Motel on Augusta Highway

      Family-run motel with renovated rooms and expansion potential.
      12730 Augusta Hwy, Sparta, GA 31087
      View Details
    • $350,000
      2,500 SF

      Historic Sparta Farm - 24 Acres

      Spacious farmhouse, 24 acres, prime location.
      904 Rabun Rd, Sparta, GA 31087
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.02 acre lot with community amenities near Lake Sinclair.
    Where is this residential land & home lot located?
    The property is located at Jamesway Dr, Unit 204 Sparta, GA.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: - Access to Lake Sinclair: Enjoy a 15,300-acre lake with community boat ramp, docks, and picnic areas.; - Community Amenities: Gated amenities area with boat ramp, two docks, picnic pavilions, grills, and restroom.; - Mobile/Manufactured Homes Allowed: Flexibility to build a mobile, manufactured, or modular home (subject to HOA approval).
    (770) 477-6400
    Request Owner's contact information
    Jamesway Dr, Unit 204 Sparta, GA 31087
    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.
    Jamesway Dr, Unit 204
    Sparta, GA 31087
    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
    Jamesway Dr, Unit 204 Sparta, GA 31087
    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
    Chrissy Leatherwood
    Chrissy Leatherwood
    Real Estate License ID: 353006
    (770) 477-6400 (770) 914-9250 (678) 654-7684
    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!