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

    Open Water Dr, Unit 61 Greensboro, GA 30642

    Sponsored
    For Sale
    $255,000

    LAND - Greensboro, GA

    Lot size:
    1.38 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 4 at 9:06 am

    Property Features for Open Water Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    035B000610
    Lot size
    1.38 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Bee Tong

    Virtual Properties Realty (770) 495-5050

    Listing agent Bee Tong (770) 495-5050

    Listing date Feb 24, 2026

    MLS# 10694998 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.

    Learn more

    Property Insight Report

    Overview

    Lake Oconee View Corner Lot

    Located in the Bayside gated community at Lake Oconee, this 1.38-acre corner lot offers a prime location with lake views and a deeded boat slip. Situated directly across the street from the docks, the lot provides convenient lake access. Community amenities include a gated entrance, community docks, a putting and chipping green, corn hole, a community fire pit, and a lakeside pavilion area featuring a gazebo with benches and grills for covered outdoor dining. Underground utilities, including water, electricity, and high-speed fiber internet, are ready and available. The community is near I-20, shopping centers (10 minutes from Publix), fine dining, schools (Lake Oconee Academy), St Mary's Good Samaritan Hospital, and golf courses. The deeded boat dock has composite decking. An additional lot (Lot 57 Corner Lot) in the same Bayside community is also available for purchase from the seller.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Greensboro
    County
    Greene
    State
    Georgia
    Longitude
    -83.269176
    Latitude
    33.525888

    Nearby Similar for Sale

    • $499,000
      9,301 SF

      Greensboro Commercial Building on Two Acres

      6,133 SF brick building with additional modular office space.
      504 Martin Luther King Dr, Greensboro, GA 30642
      View Details
    • $499,000
      9,301 SF

      Greensboro Commercial Building on Two Acres

      Versatile 9,301 SF commercial property near historic downtown Greensboro.
      504 Martin Luther King Dr, Greensboro, GA 30642
      View Details
    • New
      $4,990,000
      50,000 SF

      Lake Oconee Village Theater Landmark

      50,000 SF theater on 4.31 acres in Lake Oconee.
      1050 Parkside Main, Greensboro, GA 30642
      View Details
    • New
      $275,000
      1,200 SF

      Luxury Garage at Lake Oconee

      Completed 1200 SF garage unit available for sale.
      1040 Park Ct, Greensboro, GA 30642
      View Details
    • New
      $275,000
      1,200 SF

      Luxury Garage at Lake Oconee

      Luxury garage unit perfect for storage or personal use.
      1040 Park Ct, Greensboro, GA 30642
      View Details
    • $4,990,000
      50,000 SF

      Lake Oconee Landmark Opportunity

      50,000 SF multi-use property in Lake Oconee Village.
      1050 Parkside Main, Greensboro, GA 30642
      View Details
    • $624,900
      1,952 SF

      Remodeled Townhome in Reynolds Lake

      Fully furnished 3-bedroom townhome in Reynolds Lake Oconee.
      1015 Planters Trl, Greensboro, GA 30642
      View Details
    • $1,100,000
      126.00 Acres

      Greensboro Pastureland Near Lake Oconee

      126 acres of fenced pastureland near Greensboro and Lake Oconee.
      1681 Sibley School Rd, Greensboro, GA 30642
      View Details
    • $1,195,000
      3,114 SF

      Updated Golf Townhome with Course Views

      Refined, turnkey townhome on golf course with lake access.
      1050 Reubens Ct, Greensboro, GA 30642
      View Details
    • $270,000
      4.71 Acres

      Greensboro Multifamily Investment Opportunity

      4.7-acre parcel with 11 homes near Greensboro downtown.
      1160 Credille Pond Rd, Greensboro, GA 30642
      View Details
    • New
      $665,000
      2,811 SF

      Reynolds Lake Oconee Townhome

      Four-bedroom townhome with golf views and access to amenities.
      1021 Planters Trl, Greensboro, GA 30642
      View Details
    • $250,000
      Pending

      Luxury Garage Units For Sale

      Luxury garage units for personal or business use.
      1040 Park Ct, Greensboro, GA 30642
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.38 acre lot with deeded boat slip.
    Where is this residential land & home lot located?
    The property is located at Open Water Dr, Unit 61 Greensboro, GA.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - Deeded Boat Slip with Upgraded Composite Decking (Fully Paid): Enjoy direct lake access and low-maintenance enjoyment.; - Prime Lake View Corner Lot: Offers desirable views and a premium location.; - Bayside Gated Community: Ensures security and a luxurious lifestyle.
    (770) 495-5050
    Request Owner's contact information
    Open Water Dr, Unit 61 Greensboro, GA 30642
    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.
    Open Water Dr, Unit 61
    Greensboro, GA 30642
    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
    Open Water Dr, Unit 61 Greensboro, GA 30642
    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
    Bee Tong
    (770) 495-5050 (404) 867-8546
    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!