Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 441 Land Opportunity Title is generated by Realmo AI

    Mccoy Bridge Road, Homer, GA 30547

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    LAND - Homer, GA

    Lot size:
    97.39 Acres
    Added:
    Sep 25, 2023
    Days on Market:
    985
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for Mccoy Bridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    B51021
    Lot size
    97.39 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1612

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Wendy M Miller
    Wendy M Miller

    Listing agent Wendy M Miller License #415237

    Listing office BHHS Georgia Properties 2500 Daniells Bridge Rd, Bldg 200 Suite 1c, GA

    Listing date Sep 25, 2023

    MLS# 20148799 Listing URL

    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

    • 97.39 +/- acre tract suitable for subdivision or commercial/industrial development.
    • Located just 5.6 miles from I‑85 (Exit 149), providing excellent transportation access.
    • Significant road frontage with 1305 feet on Highway 441 and a lane break, offering high visibility.
    • Located in a rapidly growing industrial corridor with established businesses like SK Innovations and Pepsi Cola.
    • Banks County Zoning has indicated the tract is well‑suited for a subdivision.
    • Water utility available.

    Overview

    This 97.39-acre property is located in the commercial and industrial corridor of Banks County, Georgia, offering significant road frontage on Highway 441 North. The site is positioned approximately 5.6 miles from I-85 Exit 149, providing access to a major transportation route. The property has approximately 1305 feet of frontage on Highway 441, which experiences a daily traffic count of approximately 21,000. The location is suited for industrial and commercial uses, including manufacturing, warehousing, and distribution. The property is located near businesses such as SK Innovations and Pepsi Cola. Banks County Zoning has indicated the tract is well-suited for a subdivision. The property is currently leased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Homer
    County
    Banks
    State
    Georgia
    Longitude
    -83.46839
    Latitude
    34.35503

    Nearby Similar for Sale

    • $700,000
      10,483 SF

      Homer Church and Family Center

      Unique church and family life center on 10 acres.
      1486 Highway 51 N, Homer, GA 30547
      View Details
    • $1,950,000

      Equestrian Farm with Income Potential

      65-acre horse farm with equestrian facilities and income potential.
      167 McCoy Bridge Road, Homer, GA 30547
      View Details
    • $375,000

      Land with Plumbing and Power

      5.17 acres in Banks County with utilities ready for building.
      152 Lois Lane, Homer, GA 30547
      View Details
    • $399,000
      239,580 SF

      Commercial Corner Lot on 441

      5.53 acre commercial corner lot with C2 zoning.
      3215 Old Hwy 441, Homer, GA 30547
      View Details
    • $92,000

      Residential Lot in Golf Community

      Residential lot in Homer, GA, within a golf community.
      Hammers Glen Drive lot: 10, Homer, GA 30547
      View Details
    • $1,948,500

      194.85 Acres of Wooded Land

      194.85 acres of wooded land with road frontage.
      Bennett Road, Homer, GA 30547
      View Details
    • $720,000

      36 Acres Agricultural Land Parcel

      Agricultural land parcel near Commerce, GA, with development potential.
      823 Highway 63, Homer, GA 30547
      View Details
    • $720,000

      36 Acres of Agricultural Land

      Agricultural land near Commerce, Georgia, with development potential.
      823 Highway 63, Homer, GA 30547
      View Details
    • $399,000
      239,580 SF

      Commercial Corner Lot on 441

      5.53 acre commercial corner lot with C2 zoning.
      3215 Old Hwy 441, Homer, GA 30547
      View Details
    • $150,000

      Buildable Land in Homer, Georgia

      5.8-acre buildable tract with creek, ready for your dream home.
      TRACT 3 Hwy 51S, Homer, GA 30547
      View Details
    • $150,000

      Homer, GA Buildable Land

      5.8-acre buildable tract with creek and utility access.
      Tract 3 Hwy 51S, Homer, GA 30547
      View Details
    • $49,999

      Land in Homer, Georgia

      3.33-acre tract near I-85 and Hwy 441.
      Scales Creek Road, Homer, GA 30547
      View Details

    FAQs

    What type of property is this?
    Land - 97.39 acre commercial/industrial land with highway frontage near I-85.
    Where is this land located?
    The property is located at Mccoy Bridge Road Homer, GA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 97.39 +/- acre tract suitable for subdivision or commercial/industrial development.; Located just 5.6 miles from I‑85 (Exit 149), providing excellent transportation access.; Significant road frontage with 1305 feet on Highway 441 and a lane break, offering high visibility.
    (770) 238-2283
    We can help!
    Listing Contact
    Wendy M Miller
    Wendy M Miller
    Real Estate License ID: 415237
    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
    Mccoy Bridge Road, Homer, GA 30547
    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!