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

    Penny Morris Rd Baxley, GA 31513

    Sponsored
    For Sale
    Pending
    $37,500

    LAND - Baxley, GA

    Lot size:
    4.00 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 27 at 9:06 am

    Property Features for Penny Morris Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    0059 028
    Lot size
    4.00 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Dawson Dyal

    Keller Williams Realty Golden Isles (912) 434-6477

    Listing agent Dawson Dyal (912) 434-6477

    Listing date Jan 9, 2026

    MLS# 10637665 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

    Appling County Land Near River

    Located on Penny Morris Road in Appling County, Georgia, this 4.002-acre property offers privacy and natural beauty. The land features 9 to 10-year-old planted pines and high ground, suitable for building a home or creating a retreat. County-maintained road frontage and nearby access to power facilitate development. Situated minutes from the Altamaha River, the property provides convenient access to boating, fishing, and river recreation. This tract offers country living within a short drive to Baxley, Georgia, making it suitable for building or a peaceful escape close to town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Baxley
    County
    Appling
    State
    Georgia
    Longitude
    -82.2929
    Latitude
    31.8933

    Nearby Similar for Sale

    • $350,000
      7,280 SF

      Downtown Commercial Space in Baxley

      Two-story commercial building with flexible retail/office space.
      South Main St, Baxley, GA 31513
      View Details
    • $132,000
      1,690 SF

      Downtown Baxley Restaurant Opportunity

      Restaurant space in revitalizing downtown Baxley, ready for immediate operation.
      21 Fair St, Baxley, GA 31513
      View Details
    • $150,000
      2,000 SF

      Former Car Wash on Corner

      Former car wash with high visibility and easy access.
      557 Boulevard, Baxley, GA 31513
      View Details
    • $1,300,000
      5,856 SF

      Established Restaurant on Highway 341

      Bustling restaurant with established clientele on 6.18 acres.
      1686 Golden Is W, Baxley, GA 31513
      View Details
    • $575,000
      2,700 SF

      Versatile Commercial Property with Rental Homes

      Commercial property with restaurant potential and four rental homes.
      161 Blackshear Hwy, Baxley, GA 31513
      View Details
    • New
      $1,600,000
      14,150 SF

      Updated Commercial Building on 2.69 Acres

      14,150 sq ft commercial building in great location.
      1205 W Parker St, Baxley, GA 31513
      View Details
    • $615,000
      13,542 SF

      Baxley Shopping Center For Sale

      Shopping center with high visibility and income potential.
      680 S Main St, Baxley, GA 31513
      View Details
    • $1,650,000
      2,668 SF

      Renovated Laundromat with Billboard Income

      Turnkey laundromat with established customer base and additional revenue.
      410 W Parker St, Baxley, GA 31513
      View Details
    • $250,000
      1,587 SF

      Baxley, GA Commercial Investment

      Commercial property with two leased units in high-traffic area.
      488 W Parker St, Baxley, GA 31513
      View Details
    • $175,000
      1,952 SF

      Versatile Commercial Building with Extra Lot

      Commercial building with additional lot, ideal for various business ventures.
      213 Park St SE, Baxley, GA 31513
      View Details
    • New
      $210,000
      Pending

      RV Park Near Altamaha River

      RV park with full hook-ups near Dean's Landing.
      Deen Lndg Rd, Baxley, GA 31513
      View Details
    • $1,500,000
      7,900 SF

      New Strip Mall in Baxley

      Newly built commercial strip mall in the heart of Baxley, GA.
      719 W Parker St, Baxley, GA 31513
      View Details

    FAQs

    What type of property is this?
    Land - Serene 4-acre property near Altamaha River in Appling County.
    Where is this land located?
    The property is located at Penny Morris Rd Baxley, GA.
    What is the asking price?
    The asking price for this property is $37,500.
    What are key features of this property?
    This property features: - 4-acre property offering privacy and natural beauty.; - Minutes from the Altamaha River with access to boating, fishing, and sandbars.; - Excellent high ground suitable for building a home or retreat.
    (912) 434-6477
    Request Owner's contact information
    Penny Morris Rd Baxley, GA 31513
    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.
    Penny Morris Rd
    Baxley, GA 31513
    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
    Penny Morris Rd Baxley, GA 31513
    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
    Dawson Dyal
    (912) 434-6477
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.