For Sale
$299,000
1190 Old Madison, Watkinsville, GA 30677
Land, Watkinsville, GA
Property Size1,344 SF
Lot Size5.00 Acres
Price / SF$222.47
Days on Market9
Property Features for 1190 Old Madison
General Information
Property type
Land
Property subtype
Single Family Residence
Zoning
001
Parking features
Off Street
Appliances
Electric Water Heater
Directions
From Watkinsville take 441, turn left on Tappan Spur Road and the first road to the right onto Old Madison Highway
Standard status
Active
APN
A10-0-52
Size
1,344 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
285/289 13/264
Legal Description
285/289 13/264
Utilities
Sewer type
Septic Tank
Water source
Private, Well
Building Details
Year built
1993
Floors in Building
1
Architectural style
Ranch
Listing Agency:
Coldwell Banker Upchurch Realty
(706) 543-4000
Listed By:
Barbie Eisenberg · License #245587
(678) 618-4323
Added: Oct 7
Last Checked: Oct 15 at 4:06AM
MLS# CL366070
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,041
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,820
$300.8K
Cap Rate 7%
$214,871
$214.9K
Cap Rate 9%
$167,122
$167.1K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$29.0K $21.60/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$27.3K $20.35/SF
− OpEx
−$12.3K −$9.16/SF
NOI
$15.0K $11.19/SF
Area
Oconee County, GA
Vacancy
5.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,820
Cap Rate 7%
$214,871
Cap Rate 9%
$167,122
Alternative Uses
Best Use
Apartment 5plus
$214.9K
$188.0K – $250.7K
NOI $15,041 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 1190 Old Madison Watkinsville, GA.
What is the asking price?
The asking price for this property is $299,000.
