Sign Up Successful!
You now have access to more from Realmo!
    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

    Martin Luther King Jr Dr Commerce, GA 30529

    Sponsored
    For Sale
    $127,000

    LAND - Commerce, GA

    Lot size:
    4.00 Acres
    Days on Market:
    49
    Last Refresh:
    Feb 2 at 1:06 pm

    Property Features for Martin Luther King Jr Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    021 008B
    Lot size
    4.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Josh Burkhalter

    Coldwell Banker Upchurch Realty (706) 543-4000

    Listing agent Josh Burkhalter (706) 543-4000

    Listing date Dec 16, 2025

    MLS# 10582675 Listing URL

    Copyright © 2025 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

    Commerce, GA Investment Land

    This 4.30 acre tract of land is located in the city of Commerce, GA, and is suitable as an investment property. The tract is wooded, offering privacy. City water and city sewer are available. The property has paved road frontage and several building sites. Prospective buyers are advised to conduct their due diligence prior to submitting offers. No perc test has been performed at this time.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Commerce
    County
    Banks
    State
    Georgia
    Longitude
    -83.462404
    Latitude
    34.21075

    Nearby Similar for Sale

    • $849,900
      26.29 Acres

      26-Acre Mini-Farm with River Frontage

      Remodeled home on 26 acres with Hudson River frontage.
      731 Borders Rd, Commerce, GA 30530
      View Details
    • $849,900
      26.29 Acres

      26+ Acres Mini-Farm with River Frontage

      Remodeled modular home on 26+ acres with Hudson River frontage.
      731 Borders Rd, Commerce, GA 30530
      View Details
    • $699,500
      2,916 SF

      Equestrian Estate on 11+ Acres

      11+ acre equestrian estate with barn, riding arena, and farmhouse.
      539 B Wilson Rd, Commerce, GA 30529
      View Details
    • New
      $760,000
      3,530 SF

      Modern Farmhouse on Two Acres

      Spacious, energy-efficient home on two acres in Commerce, Georgia.
      7588 State Rte 98 Rd, Commerce, GA 30530
      View Details
    • $295,000
      1,920 SF

      Updated Commercial Building in Commerce

      Turn-key commercial building with flexible C2 zoning and fenced yard.
      399 S Elm St, Commerce, GA 30529
      View Details
    • New
      $649,900
      3,768 SF

      Restored Historic Commercial Event Venue

      Lovingly restored 1870 commercial property in Commerce, Georgia.
      1029 S Elm St, Commerce, GA 30529
      View Details
    • New
      $345,000
      Pending

      Downtown Commerce Two-Story Commercial Building

      Two-story commercial building with flexible office space in downtown Commerce.
      15 State St, Commerce, GA 30529
      View Details
    • $345,000
      6,760 SF

      Downtown Commerce Two-Story Office Building

      Two-story commercial building with flexible office space in downtown Commerce.
      15 State St, Commerce, GA 30529
      View Details
    • $899,900
      41.65 Acres

      Commerce, GA Farm with Vineyard

      41.65 acre farm with home, shop, barn, and vineyard.
      1129 Lord Rd, Commerce, GA 30530
      View Details
    • $369,000
      4,516 SF

      Commercial Office with Storefront

      Commercial office with storefront on main street in Commerce, GA.
      1782 N Broad St, Commerce, GA 30529
      View Details
    • $369,000
      4,516 SF

      Commercial Office with Storefront

      Commercial office with storefront on main street in Commerce, GA.
      1782 N Broad St, Commerce, GA 30529
      View Details
    • $289,000
      2,632 SF

      Downtown Commerce Mixed-Use Building

      Updated mixed-use building with residential and commercial spaces in Commerce.
      824/828 S Broad St, Commerce, GA 30529
      View Details

    FAQs

    What type of property is this?
    Land - 4.30 acre wooded tract with city utilities available.
    Where is this land located?
    The property is located at Martin Luther King Jr Dr Commerce, GA.
    What is the asking price?
    The asking price for this property is $127,000.
    What are key features of this property?
    This property features: - Large 4.30 acre tract offers ample space and potential.; - City water and sewer available, simplifying development.; - Multiple building sites present development flexibility.
    (706) 543-4000
    Request Owner's contact information
    Martin Luther King Jr Dr Commerce, GA 30529
    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.
    Martin Luther King Jr Dr
    Commerce, GA 30529
    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
    Martin Luther King Jr Dr Commerce, GA 30529
    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
    Josh Burkhalter
    Real Estate License ID: 369855
    (706) 543-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.