Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    36 Acres with Two Homes Title is generated by Realmo AI

    91 Almetie Drive, Toccoa, GA 30577

    View on Map
    For Sale
    $499,000

    36.38 Acres Land For Sale

    Property size:
    1,584,713 SF
    Lot size:
    36.38 Acres
    Price / SF:
    $0.31/SF
    Added:
    Mar 11, 2025
    Days on Market:
    452
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 91 Almetie Drive

    General Information

    Standard status
    Active
    Property type
    Farms, Residential land & home lots, Agricultural land / Farmland, Agricultural properties, Land
    Size
    1,584,713 SF
    Elevators
    N/A
    Lot size
    36.38 Acres

    We can help!

    Listing Contact
    Knox Duncan

    Listing agent Knox

    Listing office

    Listing date Mar 11, 2025

    HighLights

    • Road Frontage: ± 740 ft on Tower Rd, ± 550 feet on Almetie Dr.
    • Deeded Acres: ± 36.38.
    • Topography: Gently rolling.
    • Zoning: AR.
    • Water Features: ± 950 linear feet of a wet weather creek runoff.
    • Tree Makeup: Mature mixed Hardwoods and Pine.
    • Located 12 minutes from Chick‑fil‑a, Whataburger, Zaxby's, Starbucks, Cracker Barrell.
    • Very peaceful surrounding area while being well located to any necessities.
    • Buyer has an opportunity for an affordable dream homesite with plenty of land for recreational opportunities.
    • **Acreage and utility to be verified by Buyer and/or Buyer’s Agent.

    Overview

    This 36.38-acre property is located in Toccoa, Georgia. It features two existing three-bedroom, one-bathroom homes, offering immediate occupancy potential or rental income. The land includes approximately 740 feet of road frontage on Tower Road and approximately 550 feet on Almetie Drive. Zoned AR, the property includes approximately 950 linear feet of a wet weather creek runoff, mature mixed hardwoods, and pine trees. The topography is gently rolling. The homes are sold as-is. The property is conveniently located within a 12-minute drive to restaurants such as Chick-fil-A, Whataburger, and Zaxby's. The downtown areas of Lavonia and Toccoa are approximately 15 minutes away, and Greenville, SC, and Athens, GA, are each about an hour's drive. This property offers an opportunity to own a substantial acreage with existing homes, ideal for a family estate, recreational pursuits, or investment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Toccoa
    County
    Stephens
    State
    Georgia
    Longitude
    -83.3246
    Latitude
    34.5647

    Nearby Similar for Sale

    • $439,000
      2,612 SF

      Toccoa Commercial Building on Highway

      2,612 sq.ft. commercial building on 1.76-acre lot.
      2921 Highway 17 Alt, Toccoa, GA 30577
      View Details
    • $429,000
      4,800 SF

      Toccoa Commercial Building For Sale

      Commercial building with ample road frontage and investment potential.
      2953 Highway 17 Alt, Toccoa, GA 30577
      View Details
    • $269,000
      1,536 SF

      Toccoa Commercial Office Building For Sale

      Move-in ready office building in downtown Toccoa, 1536 square feet.
      334 N Broad Street, Toccoa, GA 30577
      View Details
    • $349,899
      5,030 SF

      Toccoa Mixed-Use Historic Building

      Historic downtown building with endless opportunities in Toccoa, Georgia.
      111 N Sage Street, Toccoa, GA 30577
      View Details
    • $329,000

      Income-Producing Triplex on Large Lot

      Three-unit property with development potential on 1.8 acres.
      389 Collins Road, Toccoa, GA 30577
      View Details
    • $149,000

      Commercial Development Land on Hwy 17

      Ready-to-build commercial acreage with direct access, turning and deceleration lanes, and city sewer in a B-II commercial district.
      1600 Big A Road, Toccoa, GA 30577
      View Details
    • $99,000

      Toccoa Commercial Land For Sale

      1.43 acre commercial lot in Toccoa, Georgia.
      129 Green Forest Drive, Toccoa, GA 30577
      View Details
    • $99,000

      Toccoa, GA Commercial Land

      1.43 acre lot suitable for commercial and business uses.
      129 Green Forest Drive, Toccoa, GA 30577
      View Details
    • $868,000
      7,412 SF

      Toccoa Commercial Property on Highway 17

      Two buildings on 2+ acres with highway frontage.
      2921 & 2953 HIGHWAY 17 ALT, Toccoa, GA 30577
      View Details
    • $799,900
      1,190 SF

      Toccoa Waterfront Land with Cabin

      20.05-acre waterfront retreat with cabin on Lake Hartwell.
      333 Laurel Mountain Drive, Toccoa, GA 30577
      View Details
    • $82,000

      Toccoa Vacant Land Dream Homesite

      3.66 acres perfect for building your dream home.
      00 Memorial Drive, Toccoa, GA 30538
      View Details
    • $329,000

      Income-Producing Triplex on Large Lot

      Three-unit property with solar array on 1.8 acres.
      389 Collins Road, Toccoa, GA 30577
      View Details

    FAQs

    What type of property is this?
    Farm - 36.38 Acres Land For Sale
    Where is this farm located?
    The property is located at 91 Almetie Drive Toccoa, 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: Road Frontage: ± 740 ft on Tower Rd, ± 550 feet on Almetie Dr.; Deeded Acres: ± 36.38.; Topography: Gently rolling.
    (864) 608-0029
    We can help!
    Listing Contact
    Knox Duncan
    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
    91 Almetie Drive, Toccoa, GA 30577
    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!