Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in Shellman Bluff Title is generated by Realmo AI

    1291 NE Boat Yard Way, Townsend, GA 31331

    View on Map
    Claim this Listing
    For Sale
    $450,000

    COMMERCIAL - Townsend, GA

    Lot size:
    4.92 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    62
    Last Refresh:
    May 13 at 10:06 pm

    Property Features for 1291 NE Boat Yard Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    00710010003
    Lot size
    4.92 Acres

    Taxes and HOA fees

    Tax Description
    PARCEL 3-D 4.92AC N/S SHELLMAN BLUFF RD

    Utilities

    Water source
    Private

    We can help!

    Listing Contact
    Melanie Hagen
    Melanie Hagen

    Listing agent Melanie Hagen License #400431

    Listing office Salt Coast Properties of Georgia 1329 COOPERS LANDING DR NE, TOWNSEND, GA

    Listing date Mar 13, 2026

    MLS# 1660445

    Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4.92 acre parcel zoned Commercial General, offering business opportunities in a growing coastal region.
    • Deep‑water pond and private deep well included on the property.
    • Located in Shellman Bluff, a golf cart community known for in‑shore fishing and the Sapelo Hammock Golf Club.
    • High demand and strong community support for local businesses.
    • Option to re‑zone for residential use and create a private family estate.
    • Survey in hand.

    Overview

    This 4.92-acre parcel, located in the community of Shellman Bluff, is zoned commercial general. The site includes a deep-water pond and a private deep well. This property presents an opportunity for entrepreneurs, investors, or established business owners seeking to expand in the growing coastal region of McIntosh County. The area has high demand and community support for local businesses. Shellman Bluff is a golf cart community known for in-shore fishing and The Sapelo Hammock Golf Club. The property has a survey in hand. The site could be rezoned to create a family estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Department Store Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Townsend
    County
    McIntosh
    State
    Georgia
    Longitude
    -81.337342
    Latitude
    31.581282

    Nearby Similar for Sale

    • $275,000
      5,616 SF

      Historic Church on 2.4 Acres

      Versatile property with church and fellowship hall on spacious land.
      1168 Minton Road NE, Townsend, GA 31331
      View Details
    • $250,000
      2,465 SF

      Functional Office Space in Eulonia

      Commercial building with flexible floorplan in prime location.
      15618 US 17 Highway, Townsend, GA 31331
      View Details
    • $140,000

      Coastal Land with Building Potential

      0.69-acre lot near water, ideal for custom home.
      1054 Peaceful Valley Drive NE, Townsend, GA 31331
      View Details
    • $450,000

      Townsend, GA Land For Sale

      5.6 acre commercial land available in Townsend, Georgia.
      2050 Belle Hammock Road NE, Townsend, GA 31331
      View Details
    • $250,000
      2,465 SF

      Functional Office Space For Sale

      Commercial building with flexible floorplan in prime location near I-95.
      15618 US 17 Highway, Townsend, GA 31331
      View Details
    • $109,999

      Land in Gated Coastal Community

      Homesite in Shellman Bluff, between Savannah and St. Simons Island.
      Coopers Point lot: 33, Townsend, GA 31331
      View Details
    • $35,000

      Coastal Land in Sapelo Gardens

      0.72-acre waterfront lot with flexible building options.
      Goldfinch Loop NE, Townsend, GA 31331
      View Details
    • $225,000

      Prime Commercial Parcel Near I-95

      3-acre commercial land with high visibility and accessibility.
      1347 Ga Hwy 57, Townsend, GA 31323
      View Details
    • $59,000

      9 Acres Farmland Near Savannah

      9 acres of farmland near Savannah, Georgia, ready for development.
      N/S HWY 131 Lecounte Road, Townsend, GA 31331
      View Details
    • $430,000

      Waterfront Land on South Newport

      Two adjoining waterfront tracts totaling over 21 acres.
      Tract 3 & 4 S Newport Drive NE, Townsend, GA 31331
      View Details
    • $199,900

      Shellman Bluff Commercial Development Opportunity

      One-acre commercial parcel in high-traffic area, Shellman Bluff.
      Parcel 2 Shellman Bluff Road NE, Townsend, GA 31331
      View Details
    • $490,000

      Marsh Front Land in Townsend

      2.32 acres of waterfront land with marsh views.
      1384 & 1386 NE Wood Stork Way, Townsend, GA 31331
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.92 acre commercial parcel in coastal McIntosh County.
    Where is this commercial land located?
    The property is located at 1291 NE Boat Yard Way Townsend, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 4.92 acre parcel zoned Commercial General, offering business opportunities in a growing coastal region.; Deep‑water pond and private deep well included on the property.; Located in Shellman Bluff, a golf cart community known for in‑shore fishing and the Sapelo Hammock Golf Club.
    (912) 777-9399
    We can help!
    Listing Contact
    Melanie Hagen
    Melanie Hagen
    Real Estate License ID: 400431
    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
    1291 NE Boat Yard Way, Townsend, GA 31331
    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!