Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24 Tomlin Way Commerce, GA 30530

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,000

    2.9-acre riverfront lots on the Hudson River.

    Lot size:
    2.90 Acres

    Property Features for 24 Tomlin Way

    General Information

    Standard status
    Active
    Lot size
    2.90 Acres

    We can help!

    Listing Contact
    Dean Christian
    Source: Corcoran

    Listing Agency: Christian Realty Listing Agent: Dean Christian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Hudson River Waterfront Lots

    These two riverfront lots, totaling 2.9 acres, are located in Franklin County along the Hudson River. The property offers direct river frontage, suitable for a private homesite, weekend retreat, or recreational getaway. The site offers water views and space to build and explore. This Hudson River property offers potential in a picturesque setting.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Building Supply Hotel & Motel Garden Center Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Banks
    State
    Georgia
    Longitude
    -83.329243
    Latitude
    34.266031

    Nearby Similar for Sale

    • New
      $629,900
      3,768 SF

      Restored Historic Event Venue

      Lovingly restored 1870 commercial property in Commerce, Georgia.
      1029 S Elm St, Commerce, GA 30529
      View Details
    • $295,000
      1,920 SF

      Updated Commercial Building in Commerce

      Updated commercial building with flexible layout and fenced yard.
      399 S Elm St, Commerce, GA 30529
      View Details
    • $245,000
      1,100 SF

      Downtown Commerce Commercial Investment Property

      Commercial property in downtown Commerce, currently leased to a grocery store.
      836 S Broad St, Commerce, GA 30529
      View Details
    • New
      $1,599,900
      5,440 SF

      Commerce, GA Commercial Property

      Prime commercial property near I-85 and Highway 441.
      142 Hampton Ct, Commerce, GA 30529
      View Details
    • $295,000
      1,920 SF

      Updated Commercial Building in Commerce

      Turn-key commercial building with office space, storage, and fenced yard.
      399 Elm St, Commerce, GA 30529
      View Details
    • Contact for pricing
      1,978 SF

      Commercial Building in High-Traffic Area

      Two-unit commercial building with ample space and parking.
      211 Homer Rd, Commerce, GA 30529
      View Details
    • $245,000
      1,100 SF

      Commercial Investment Property in Commerce

      Commercial property with lease in place until December 2026.
      836 S Broad St, Commerce, GA 30529
      View Details
    • $369,000
      4,516 SF

      Commercial Office with Storefront

      Commercial office with storefront on main street in Commerce, GA.
      1782 N Broad St, Commerce, GA 30529
      View Details
    • $369,000
      4,516 SF

      Commercial Office with Storefront

      Commercial office with storefront on main street in Commerce, GA.
      1782 N Broad St, Commerce, GA 30529
      View Details
    • New
      $6,900,000
      106,910 SF

      Commerce, GA Strip Mall

      Strip mall with 6 leases in place on 13+ acres.
      165 S Elm St, Commerce, GA 30529
      View Details
    • $699,500
      Pending

      Equestrian Estate on 11+ Acres

      11+ acre equestrian estate with barn, riding arena, and farmhouse.
      539 B Wilson Rd, Commerce, GA 30529
      View Details
    • New
      $799,900
      26.29 Acres

      26-Acre Mini-Farm with River Frontage

      Remodeled home on 26 acres with Hudson River frontage.
      731 Borders Rd, Commerce, GA 30530
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 2.9-acre riverfront lots on the Hudson River.
    Where is this waterfront land located?
    The property is located at 24 Tomlin Way Commerce, GA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Direct Hudson River Frontage; - 2.9-Acre Property; - Ideal for Homesite, Retreat, or Recreation
    (706) 614-7028
    Request Owner's contact information
    24 Tomlin Way Commerce, GA 30530
    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.
    24 Tomlin Way
    Commerce, GA 30530
    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
    24 Tomlin Way Commerce, GA 30530
    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

    We can help!
    Listing Contact
    Dean Christian
    Real Estate License ID: 380566
    (706) 614-7028
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!