Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Residential Land Lot Title is generated by Realmo AI

    15 Pee Jay Drive, Oxford, GA 30054

    View on Map
    Claim this Listing
    New
    For Sale
    $89,900

    LAND - Oxford, GA

    Lot size:
    2.08 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 15 Pee Jay Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-R
    Standard status
    Active
    Lot size
    2.08 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    547

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    JOHN H SANTIAGO
    JOHN H SANTIAGO

    Listing agent JOHN H SANTIAGO License #161775

    Listing office REMAX Center 1140 Old Peachtree Rd Suite D, GA

    Listing date Jun 2, 2026

    MLS# 7780810 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.

    HighLights

    • 2.08‑acre corner lot in Oxford, Newton County
    • Surveyed and soil tested
    • Septic tank installed and approved for a 5‑bedroom home
    • Water available
    • Minutes from the Georgia International Horse Park
    • Easy access to I‑20, shopping, and restaurants

    Overview

    This is a ready-to-build residential land lot on a corner setting, offered in a straightforward “bring your plans” configuration. The property has been surveyed and soil tested, and a septic tank has been installed and approved for a 5-bedroom home, supporting a cleaner path from design to permitting. With the lot already positioned for residential development, it offers practical flexibility for buyers building a custom residence.

    Located in Oxford within Newton County, the property is described as being just minutes from the Georgia International Horse Park. The surrounding area is characterized as offering peaceful country living with convenient access to I-20, along with nearby shopping and restaurants. The seller also highlights proximity to Covington and Conyers as part of the appeal for East Metro Atlanta commuters and lifestyle needs.

    For buyers who value usable site readiness, the approved septic capacity and completed site work are key considerations. This lot is well-suited for a primary home builder looking for space and privacy, as well as investors seeking a developing residential parcel with documented groundwork already completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Newton
    State
    Georgia
    Longitude
    -83.867
    Latitude
    33.6928

    Nearby Similar for Sale

    • $489,000

      Versatile Shop on Highway 81

      2.55 acre property with custom shop/barn on Highway 81.
      481 Georgia Highway 81, Oxford, GA 30054
      View Details
    • $650,000
      2,676 SF

      24+ Acre Fenced Farm

      24+ acre fenced farm with ranch home and barn.
      2467 Gum Creek Road, Oxford, GA 30054
      View Details
    • $79,900

      Oxford, GA Buildable Lot

      Partially wooded lot in historic Oxford, Georgia.
      405 W Richardson Street, Oxford, GA 30054
      View Details
    • $200,000

      Residential Lot in Historic Oxford

      0.28-acre residential lot in Oxford, Georgia, near Emory.
      Asbury Street, Oxford, GA 30054
      View Details
    • $900,000

      Commercial Property on Highway 138

      Commercial property with office, retail space, and excellent visibility.
      5363 Hwy 138, Oxford, GA 30054
      View Details
    • $115,000

      Oxford, GA Estate Lot

      4.6 acre lot with creek frontage, no HOA.
      Cook Road lot: 26, Oxford, GA 30054
      View Details
    • $115,000

      Oxford, GA Estate Lot

      4.6 acre lot with creek frontage, no HOA.
      Cook Road lot: 26, Oxford, GA 30054
      View Details
    • $650,000
      2,676 SF

      24+ Acre Farm with Ranch

      24+ acre fenced farm with ranch home and barn.
      2467 Gum Creek Road, Oxford, GA 30054
      View Details
    • $489,000

      Oxford Shop with Acreage

      2.55 acre property with custom shop/barn on Highway 81.
      481 Georgia Highway 81, Oxford, GA 30054
      View Details
    • $85,000

      Two Acre Lot For Sale

      Two acre lot suitable for country living near multiple cities.
      5250 Hightower Trail, Oxford, GA 30054
      View Details
    • $550,000

      Oxford, GA Land Opportunity

      19.38 acres of land with Yellow River frontage.
      Mt Tabor Road, Oxford, GA 30054
      View Details
    • $585,000

      Estate Lot for Dream Home

      Land suitable for a private retreat and horse farm.
      2538 Mount Zion, Oxford, GA 30054
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ready-to-build corner lot with septic approval for a 5-bedroom home, suited for custom builds or long-term investment.
    Where is this residential land & home lot located?
    The property is located at 15 Pee Jay Drive Oxford, GA.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: 2.08‑acre corner lot in Oxford, Newton County; Surveyed and soil tested; Septic tank installed and approved for a 5‑bedroom home
    (770) 932-1234
    We can help!
    Listing Contact
    JOHN H SANTIAGO
    JOHN H SANTIAGO
    Real Estate License ID: 161775
    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
    15 Pee Jay Drive, Oxford, GA 30054
    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!