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

    113 Hickory Trail Cumming, GA 30040

    View on Map
    Claim this Listing
    For Sale
    $499,000

    LAND - Ranch, Rustic - Cumming, GA

    Type:Single Family Residence
    Lot size:
    2.82 Acres
    Added:
    Aug 28, 2025
    Days on Market:
    251
    Last Refresh:
    May 5 at 1:06 am

    Property Features for 113 Hickory Trail

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R1R
    Vegetation
    Partially Wooded
    Patio and Porch features
    Porch
    Standard status
    Active
    APN
    127 049
    Lot size
    2.82 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3740

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1985
    Architectural style
    Rustic, Ranch

    We can help!

    Listing Contact
    Christina Abunassar

    Listing agent Christina Abunassar

    Listing office Harry Norman Realtors 11800 Amber Park Drive Suite 100, Alpharetta, GA

    Listing date Aug 28, 2025

    MLS# 7642371 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. 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 Lots in Prime Location

    Located in Cumming, Georgia, this property features three R-1 zoned residential lots situated in an established, quiet neighborhood. The 2.82-acre property offers privacy and convenience, located less than a mile from the Cumming City Center, providing access to shopping, dining, and entertainment. The previous home has been demolished and cleared, and the lots are ready to build, complete with topographic and soil surveys. This property is suitable for builders planning their next project, investors seeking a valuable opportunity, or homeowners ready to create their dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.163951
    Latitude
    34.212033

    Nearby Similar for Sale

    • $624,900
      1,264 SF

      Commercial Opportunity Near GA 400

      Renovated property on 0.88 acres in high-traffic area.
      4455 Jot Em Down Road, Cumming, GA 30028
      View Details
    • $425,000
      3,600 SF

      Commercial Building on Large Lot

      Commercial building on 1.08 acres near downtown Cumming.
      1555 Dahlonega Highway, Cumming, GA 30040
      View Details
    • $1,500,000
      12,000 SF

      Versatile Commercial Property on Canton Highway

      Mixed-use property with warehouse, retail, and billboard income potential.
      4625 Canton Highway, Cumming, GA 30040
      View Details
    • $2,500,000
      12,311 SF

      Commercial Property on Highway 400

      Versatile commercial property in high-growth Cumming location.
      6470 Georgia Highway 400, Cumming, GA 30028
      View Details
    • $425,000

      Commercial Building Near GA 400

      Commercial building on 1.08 acres near GA 400.
      1555 Dahlonega Highway, Cumming, GA 30040
      View Details
    • $1,200,000
      1,200 SF

      Renovated Residence with Outdoor Infrastructure

      2.5-acre property with renovated residence and functional outdoor infrastructure.
      1910 Melodie Lane, Cumming, GA 30041
      View Details
    • $525,000

      Prime Land in Cumming, GA

      3.3-acre property with utilities, ideal for development or investment.
      3274 Aaron Sosebee Road, Cumming, GA 30028
      View Details
    • $450,000

      Cleared Land with Utilities Access

      5+ acres in Cumming, GA with utilities and sewer access.
      5590 John Burruss Road, Cumming, GA 30040
      View Details
    • $450,000

      Cleared Land with Utilities Access

      5+ acres in Cumming, GA with utilities and sewer access.
      5590 John Burruss Road, Cumming, GA 30040
      View Details
    • $300,000
      1,140 SF

      Prime Office Space in Cumming

      Excellent location, functional layout, ideal for various office users.
      2450 Atlanta Highway, Cumming, GA 30040
      View Details
    • $300,000

      Prime Office Opportunity Near GA400

      Commercial office space in a highly desirable Cumming location.
      2450 Atlanta Highway, Cumming, GA 30040
      View Details
    • $800,000
      6,000 SF

      Industrial Warehouse with Crane

      6,000 SF warehouse with 3-ton crane in Cumming, GA.
      99 Samaritan Drive, Cumming, GA 30040
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three R-1 zoned residential lots in Cumming, GA.
    Where is this residential land & home lot located?
    The property is located at 113 Hickory Trail Cumming, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Prime location less than a mile from Cumming City Center with shopping, dining, and entertainment.; Three R‑1 zoned residential lots in a quiet, established neighborhood.; Build‑ready: previous home demolished and cleared.
    (678) 461-8700
    We can help!
    Listing Contact
    Christina Abunassar
    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

    Thank You for Inquiry
    113 Hickory Trail, Cumming, GA 30040
    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!