Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Montpelier Springs Road unit 10 Forsyth, GA 31029

    View on Map
    Pending
    $51,700

    LAND - Forsyth, GA

    Lot size:
    4.70 Acres
    Added:
    Aug 31, 2021
    Days on Market:
    1678
    Last Refresh:
    Apr 4 at 1:06 am

    Property Features for Montpelier Springs Road unit 10

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Partially Wooded
    Standard status
    Pending
    APN
    056 003L
    Lot size
    4.70 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    W. Todd Hunt

    Listing agent W. Todd Hunt

    Listing office W Scott Wilson Properties LLC 380 Forest Hill Road, Macon, GA

    Listing date Aug 31, 2021

    MLS# 162036 Listing URL

    Copyright © 2026 Mid Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Forsyth, GA

    This property features a 4.7-acre lot suitable for building. It is located in South Monroe County, in Forsyth, GA. The site is positioned within a neighborhood setting and is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Forsyth
    County
    Monroe
    State
    Georgia
    Longitude
    -83.931045
    Latitude
    32.990106

    Nearby Similar for Sale

    • $675,000

      Forsyth Commercial Property For Sale

      Versatile commercial property in Forsyth with high visibility and parking.
      102 E Johnston Street, Forsyth, GA 31029
      View Details
    • $475,000

      Forsyth, GA Development Lot

      3.57 acre commercial/multi-family development lot with utilities available.
      Patrol Road, Forsyth, GA 31029
      View Details
    • $1,124,000

      Prime Forsyth Commercial Land Available

      5.62 acres in Forsyth, GA, zoned for neighborhood shopping.
      Highway 41, Forsyth, GA 31029
      View Details
    • $595,000

      Forsyth Commercial Lot For Sale

      1.79-acre commercial lot with high visibility and versatile use.
      Benson Ham Road unit: Outparcel 1, Forsyth, GA 31029
      View Details
    • $525,000

      Commercial Lot Near I-75

      2.33-acre commercial lot in high-traffic area near I-75.
      Benson Ham Road unit: Outparcel 2, Forsyth, GA 31029
      View Details
    • $69,000

      Residential Lot Near Downtown Forsyth

      0.60-acre residential lot near downtown Forsyth, Georgia.
      S Lee St, Forsyth, GA 31029
      View Details
    • $535,000

      Forsyth, GA Pasture Land

      36+ acres of pasture land perfect for farming.
      Colvin Road, Forsyth, GA 31029
      View Details
    • $189,000

      Residential Lot on Little Towaliga

      2.8-acre residential lot with river frontage in gated community.
      106 Forest Place, Forsyth, GA 31029
      View Details
    • $1,900,000

      Forsyth, GA Land Opportunity

      380+ acre property with trails, fencing, timber, and pasture.
      449 McMullen Road, Forsyth, GA 31029
      View Details
    • $170,000

      24 Acres Near I-75

      24 acres in Monroe County, minutes from I-75.
      983 Floyd Road, Forsyth, GA 31029
      View Details
    • $50,000

      Residential Land in Gated Community

      Residential land for sale in a gated community.
      506 Forest Pointe Drive, Forsyth, GA 31029
      View Details
    • $190,000

      Residential Land in River Forest

      Residential land on golf course with community amenities.
      303 Freedom Drive, Forsyth, GA 31029
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in South Monroe County, Forsyth, GA.
    Where is this residential land & home lot located?
    The property is located at Montpelier Springs Road unit 10 Forsyth, GA.
    What is the asking price?
    The asking price for this property is $51,700.
    What are key features of this property?
    This property features: Beautiful building lots in a great neighborhood.; Great location in South Monroe County.; Electricity Available.
    (478) 951-9460
    We can help!
    Listing Contact
    W. Todd Hunt
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!