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    Private Lake in Central Georgia Title is generated by Realmo AI

    Lakeshore Drive S, Ivey, GA 31031

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    Claim this Listing
    For Sale
    $3,200,000

    COMMERCIAL - Ivey, GA

    Property size:
    1,400 SF
    Lot size:
    293.17 Acres
    Price / SF:
    $2,285/SF
    Added:
    Nov 17, 2025
    Days on Market:
    200
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for Lakeshore Drive S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Fencing
    Chain Link
    Standard status
    Active
    APN
    V02 192A
    Size
    1,400 SF
    Lot size
    293.17 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    10169

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1967
    Building materials
    Block

    We can help!

    Listing Contact
    Taylor Whipple Sr

    Listing agent Taylor Whipple Sr

    Listing office LandWhip LLC 201 W Lakeview Dr NE, Milledgeville, GA

    Listing date Nov 17, 2025

    MLS# 10649623

    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.

    HighLights

    • Premier private 285‑acre lake offering total shoreline control.
    • Prime Middle Georgia location ideal for a private retreat or revenue‑producing development.
    • Includes a 3.7‑acre recreation parcel with a 1,400 sq. ft clubhouse, full kitchen, bathrooms, and covered porch overlooking the water.
    • Direct boat access via a 0.52‑acre boat ramp parcel.
    • Utilities available: city water, city sewer, and Georgia Power.
    • Excellent fishing with Largemouth Bass, Crappie, Bluegill, and Channel Catfish.

    Overview

    Located in Ivey, Georgia, Lake Tchukolako is a privately owned 285-acre lake, one of the largest in the state. The 293.17-acre property includes multiple surrounding parcels, direct boat access, utilities, and on-site improvements. The lake, originally Commissioners Creek, was transformed in the mid-1960s. A 3.7-acre recreation parcel features a 1,400 sq ft clubhouse with a full kitchen, two bathrooms, and a 500 sq ft covered porch overlooking the water, along with covered pavilion areas. A 0.52-acre boat ramp parcel provides direct access, and five additional parcels along Morningside Drive offer expansion or resale flexibility. Utilities include city water, city sewer, and power from Georgia Power. Fed by Commissioner Creek, the lake supports a strong natural habitat and restoration potential. Historically, Lake Tchukolako has been known for fishing, including largemouth bass, crappie, bluegill, and channel catfish. The property is an excellent candidate for a private retreat or revenue-producing development, ideal for cabins, glamping, RV parks, tiny homes, campgrounds, or boutique lake resorts. Investors can benefit from long-term appreciation and redevelopment upside. Environmental and conservation groups may find it suitable for conservation-focused restoration and habitat creation. The name "Tchukolako" is derived from the Muscogee (Creek) Nation language, translating to "Great Gathering Place." Two small islands remain in the lake, dating back to the early 1800s. The lake is subject to easement right of way for pumping rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Ivey
    County
    Wilkinson
    State
    Georgia
    Longitude
    -83.295359
    Latitude
    32.907118

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    FAQs

    What type of property is this?
    Campground - 293.17 acre property featuring a 285 acre private lake.
    Where is this campground located?
    The property is located at Lakeshore Drive S Ivey, GA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Premier private 285‑acre lake offering total shoreline control.; Prime Middle Georgia location ideal for a private retreat or revenue‑producing development.; Includes a 3.7‑acre recreation parcel with a 1,400 sq. ft clubhouse, full kitchen, bathrooms, and covered porch overlooking the water.
    (478) 960-0461
    We can help!
    Listing Contact
    Taylor Whipple Sr
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    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.

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