Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Greensboro Commercial Land Near I-20 Title is generated by Realmo AI

    Lot 11 TOWN CREEK BOULEVARD, Greensboro, GA 30642

    View on Map
    Claim this Listing
    For Sale
    $425,000

    Land - Greensboro, GA

    Type:Single Family Residence
    Lot size:
    6.53 Acres
    Added:
    Jun 30, 2025
    Days on Market:
    338
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for Lot 11 TOWN CREEK BOULEVARD

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Commercial
    Standard status
    Active
    APN
    0700000880 - 11
    Lot size
    6.53 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashley Goodroe
    Ashley Goodroe

    Listing agent Ashley Goodroe

    Listing office EXP Realty LLC GA

    Listing date Jun 30, 2025

    MLS# 68913 Listing URL

    Copyright © 2026 Lake Country Board of Realtors, Inc (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Less than a mile to I‑20, Highway 44, Highway 278 and Highway 15.
    • 6.53 acre lot zoned B1 in the city of Greensboro.
    • Access to city water and sewer.
    • Graded lot with master retention planned across the development.
    • Located near Lake Oconee.
    • Borders Town Creek condos and a recently approved 100+ lot residential community.

    Overview

    This commercial lot, situated less than a mile from I-20, Highway 44, Highway 278, and Highway 15 in Greensboro, Georgia, offers a promising opportunity near Lake Oconee. Located on Town Creek Boulevard, the 6.53-acre property, identified as proposed Lot 11, is zoned B1 under the city of Greensboro. The lot is positioned on the south side of Town Creek Boulevard and will have access to city water and sewer services. Site work has commenced on the broader 27-acre development. The lot will be graded, with master retention planned across the entire development. Bordering Town Creek condos and a recently approved residential community with over 100 lots, the location benefits from nearby residential and commercial growth along I-20 and in the Lake Oconee area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Greene
    State
    Georgia
    Longitude
    -83.202886
    Latitude
    33.552674

    Nearby Similar for Sale

    • $4,990,000
      50,000 SF

      Landmark Property in Lake Oconee

      Adaptable commercial asset in a high-growth corridor next to Publix.
      1050 PARKSIDE MAIN, Greensboro, GA 30642
      View Details
    • $2,159,999
      4,000 SF

      Greensboro Farmhouse on 36 Acres

      Custom-built farmhouse on 36 acres near Lake Oconee Academy.
      5880 MADISON HIGHWAY, Greensboro, GA 30642
      View Details
    • $690,000
      2,244 SF

      Greensboro Multifamily Victorian Style Property

      Three-level multifamily property with golf course view in Greensboro, GA.
      1025 PLANTERS TRAIL, Greensboro, GA 30642
      View Details
    • $635,000
      2,811 SF

      Reynolds Lake Oconee Townhome

      Four-bedroom townhome near Reynolds Lake Oconee amenities.
      1021 PLANTERS TRAIL, Greensboro, GA 30642
      View Details
    • $4,990,000
      50,000 SF

      Lake Oconee Landmark Property

      50,000 SF mixed-use property on 4.31 acres near Publix.
      1050 Parkside Main, Greensboro, GA 30642
      View Details
    • $1,190,000
      3,015 SF

      Luxury Townhome Overlooking Golf Course

      Elegant 3-bedroom townhome in Reynolds Lake Oconee community.
      1141 LOCKETS TRAIL, Greensboro, GA 30642
      View Details
    • $250,000
      1,200 SF

      Luxury Garage Units For Sale

      Luxury garage units available for purchase in Greensboro, GA.
      1040 PARK CT, Greensboro, GA 30642
      View Details
    • $609,900
      1,952 SF

      Remodeled Townhome in Reynolds Lake

      Fully furnished 3-bedroom townhome with lake access.
      1015 PLANTERS TRAIL, Greensboro, GA 30642
      View Details
    • $299,000
      1,200 SF

      Luxury Garage at Lake Oconee

      Completed garage unit with mezzanine, suitable for various uses.
      1040 Park Court, Greensboro, GA 30642
      View Details
    • $299,000
      1,200 SF

      Luxury Garage at Lake Oconee

      1200 SF garage unit with mezzanine near Highway 44.
      1040 PARK CT, Greensboro, GA 30642
      View Details
    • $849,000
      1,344 SF

      Greensboro Ranch and Farmland Opportunity

      65.49 acres of versatile land near future Amazon facility.
      1830 FULLER ROAD, 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 DRIVE, Greensboro, GA 30642
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.53 acre commercial lot near I-20 and Lake Oconee.
    Where is this commercial land located?
    The property is located at Lot 11 TOWN CREEK BOULEVARD Greensboro, GA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Less than a mile to I‑20, Highway 44, Highway 278 and Highway 15.; **6.53 acre lot zoned B1** in the city of Greensboro.; Access to city water and sewer.
    (706) 816-1112
    We can help!
    Listing Contact
    Ashley Goodroe
    Ashley Goodroe
    Real Estate License ID: 300836
    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
    Lot 11 TOWN CREEK BOULEVARD, Greensboro, GA 30642
    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!