Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded Lot in Northlake Subdivision Title is generated by Realmo AI

    115 Northlake Drive, Sylvester, GA 31791

    View on Map
    Claim this Listing
    For Sale
    $37,000

    LAND - Sylvester, GA

    Lot size:
    2.66 Acres
    Added:
    Dec 19, 2024
    Days on Market:
    524
    Last Refresh:
    May 27 at 7:06 pm

    Property Features for 115 Northlake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res Single
    Standard status
    Active
    APN
    0059E125
    Lot size
    2.66 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    same as in deed Book 847 page 318 Worth county courthouse
    Tax Annual Amount
    344

    Utilities

    Utilities
    Electricity Available
    Water source
    Well

    We can help!

    Listing Contact
    Lisa Davis

    Listing agent Lisa Davis

    Listing office The Brokerage Real Estate Company 101 E Pope St, Sylvester, GA

    Listing date Dec 19, 2024

    MLS# 164104 Listing URL

    Copyright © 2026 Albany Board of Realtors and Southwest Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 2.66 acre wooded lot offering privacy and space.
    • Located in established Northlake Subdivision.
    • No HOA fees, providing added savings and flexibility.
    • Underground utilities are in place.
    • Space for well and septic.
    • Minimum home size of 2,000 sq. ft. allowed.

    Overview

    This 2.66-acre wooded lot is located in the Northlake Subdivision in Worth County, Georgia. The property is surrounded by established homes and offers privacy. It is located in a quiet community and has underground utilities. There is a 2,000 sq. ft. minimum home requirement. The property allows for a well and septic system. There are no HOA's. This property is intended for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Daycare Center Clothing & Fashion Store Garden Center Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvester
    County
    Worth
    State
    Georgia
    Longitude
    -83.834147
    Latitude
    31.569253

    Nearby Similar for Sale

    • $1,500,000
      6,870 SF

      High-Visibility Corner Lot Retail Opportunity

      Premier location with high traffic, modern construction, and unlimited potential.
      111 E Frankin Street, Sylvester, GA 31791
      View Details
    • $465,000
      3,084 SF

      Turnkey Inn in Sylvester, GA

      Fully operational, income-producing 6-bedroom inn in the heart of Sylvester.
      206 W Pope Street, Sylvester, GA 31791
      View Details
    • $399,000

      Income-Producing Multifamily Investment Opportunity

      Two buildings, eight units, prime location, strong income potential.
      208 W Price, Sylvester, GA 31791
      View Details
    • $49,900

      Prime Commercial Land in Sylvester

      High-visibility commercial parcel on a busy highway with development potential.
      413 W Franklin St, Sylvester, GA 31791
      View Details
    • $1,189,000

      Sylvester, GA Land with Lake

      165 acres including 3,600 feet of lake frontage.
      19X Largemouth Drive, Sylvester, GA 31791
      View Details
    • $430,000
      3,749 SF

      Commercial Space in Sylvester Corridor

      Retail space in Sylvester's commercial corridor, suitable for repurposing.
      504 N Main St, Sylvester, GA 31791
      View Details
    • $29,500

      Sylvester, GA Land Opportunity

      Residential land with utilities available in Sylvester, Georgia.
      W Pope Street, Sylvester, GA 31791
      View Details
    • $80,000

      LAND - Sylvester, GA

      S Isabella Street, Sylvester, GA 31791
      View Details
    • $55,000

      Sylvester, GA Corner Lot

      0.9-acre corner lot in Sylvester, GA, ready for development.
      103 N Ayers Street, Sylvester, GA 31791
      View Details
    • $32,000

      Sylvester, GA Land Investment Opportunity

      2.16 acre land parcel in Sylvester, GA for sale.
      Old State RT 50 - Lots 15-18, See Remarks, GA 31791
      View Details
    • $99,900

      Worth County Land For Sale

      Two lots totaling 10 acres in Worth County, Georgia.
      182/186 Groveland Drive, Sylvester, GA 31791
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space on Franklin Street

      Retail space available at 622 E Franklin St, Sylvester, GA.
      622 E Franklin St, Sylvester, GA 31791
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.66 acre wooded lot in Worth County, Georgia.
    Where is this residential land & home lot located?
    The property is located at 115 Northlake Drive Sylvester, GA.
    What is the asking price?
    The asking price for this property is $37,000.
    What are key features of this property?
    This property features: Large 2.66 acre wooded lot offering privacy and space.; Located in established Northlake Subdivision.; No HOA fees, providing added savings and flexibility.
    (229) 376-8917
    We can help!
    Listing Contact
    Lisa Davis
    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
    115 Northlake Drive, Sylvester, GA 31791
    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!