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

    2448 Allen White Rd Bowman, GA 30624

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Spacious 3-bedroom ranch on almost 8 acres in Bowman, GA.

    Property size:
    3,132 SF
    Lot size:
    7.79 Acres

    Property Features for 2448 Allen White Rd

    General Information

    Standard status
    Active
    Size
    3,132 SF
    Lot size
    7.79 Acres

    Building Details

    Year built
    1992

    We can help!

    Listing Contact
    Darwin Schattler
    Source: Corcoran

    Listing Agency: RE/MAX Signature Listing Agent: Darwin Schattler

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

    Learn more

    Overview

    Ranch Home on Nearly 8 Acres

    This ranch-style home is situated on just under 8 acres of land in Bowman, GA. The property includes 3 bedrooms and 2 bathrooms, offering a comfortable layout with hardwood floors in the main living areas, tile flooring in the bathrooms, and carpeted bedrooms. A bonus room provides extra space for an office, playroom, or den. The living room features a brick fireplace with a wood stove insert. There is also a partial unfinished basement for additional storage or potential expansion. The home has a large front porch and a tin roof. The expansive grounds feature large oak trees, lush fenced pasture, and a creek running along the back, making it suitable for livestock or gardening. Outdoor structures include a big barn for storing equipment, hay, or housing animals, a wood shed, and a run-in shed. The property is ideal for hobby farmers, animal lovers, or those seeking a peaceful retreat. The land offers space, privacy, and natural beauty.
    Location Intelligence

    Current Use by Public Records

    Bowman Spray Specialty Trucking Company

    Map

    City
    Bowman
    County
    Elbert
    State
    Georgia
    Longitude
    -82.99195
    Latitude
    34.170284

    Nearby Similar for Sale

    • Contact for pricing
      37,961 SF

      Bowman School Adaptive Reuse Opportunity

      Unique 37,961 sq ft property on 4 acres in Bowman, GA.
      86 Adams Cir, Bowman, GA 30624
      View Details
    • Contact for pricing

      Bowman Adaptive-Reuse Opportunity

      Unique property with adaptive-reuse potential on 4 level acres.
      86 Adams Cir, Bowman, GA 30624
      View Details
    • $295,000

      13 Public Square, Bowman, GA 30624

      Storefront properties
      13 Public Sq, Bowman, GA 30624
      View Details

    FAQs

    What type of property is this?
    Farm - Spacious 3-bedroom ranch on almost 8 acres in Bowman, GA.
    Where is this farm located?
    The property is located at 2448 Allen White Rd Bowman, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Almost 8 Acres of Land with Fenced Pasture and Creek; - Large Barn for Storage or Animals; - 3 Bedrooms, 2 Bathrooms Ranch-Style Home
    (706) 316-2900
    Request Owner's contact information
    2448 Allen White Rd Bowman, GA 30624
    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.
    2448 Allen White Rd
    Bowman, GA 30624
    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
    2448 Allen White Rd Bowman, GA 30624
    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
    Darwin Schattler
    (706) 316-2900
    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!