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

    291 Pettigrew Rd NW Milledgeville, GA 31061

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $67,000

    Land with county water, septic, timber, fenced, near downtown.

    Lot size:
    3.50 Acres

    Property Features for 291 Pettigrew Rd NW

    General Information

    Standard status
    Active
    Lot size
    3.50 Acres

    We can help!

    Listing Contact
    Gloria Harmon
    Source: Corcoran

    Listing Agency: Vylla Home Listing Agent: Gloria Harmon

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

    Learn more

    Overview

    3.5 Acres Near Downtown

    This 3.5-acre property offers space and privacy, featuring county water, a septic tank, and natural timber. A fenced front adds security. The land is located 8 miles from downtown and near schools. This property offers a blend of country living and city access.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Milledgeville
    County
    Baldwin
    State
    Georgia
    Longitude
    -83.330505
    Latitude
    33.055958

    Nearby Similar for Sale

    • $324,900
      2,344 SF

      Commercial Building in Milledgeville, GA

      Commercial building with multiple rental spaces and parking.
      1013 Fernwood Dr, Milledgeville, GA 31061
      View Details
    • $350,000
      2,200 SF

      Historic Downtown Milledgeville Retail Investment

      Prime commercial building in historic downtown Milledgeville, Georgia.
      112 S Wayne St, Milledgeville, GA 31061
      View Details
    • $365,000
      3,993 SF

      Milledgeville Retail/Warehouse Corner Opportunity

      Dynamic retail/warehouse with high visibility and traffic in Milledgeville.
      1590 N Columbia St, Milledgeville, GA 31061
      View Details
    • $350,000
      18,000 SF

      Versatile Commercial Property on 2+ Acres

      Over 18,000 sq ft, ideal for various commercial uses.
      107 Sinclair Marina Rd, Milledgeville, GA 31061
      View Details
    • $399,000
      8,294 SF

      Milledgeville Retail Opportunity

      8,294 SF building on 0.52-acre lot near university.
      420 S Wilkinson St, Milledgeville, GA 31061
      View Details
    • $750,000
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia St, Milledgeville, GA 31061
      View Details
    • $750,000
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia St, Milledgeville, GA 31061
      View Details
    • $499,000
      960 SF

      Milledgeville Commercial Property For Sale

      Highly visible commercial property near Georgia Military College and Georgia College.
      111 Elbert St, Milledgeville, GA 31061
      View Details
    • $1,650,000

      Turn-Key Medical Office Building

      Modernized medical facility near hospital, move-in ready with elevator.
      600 Cobb St, Milledgeville, GA 31061
      View Details
    • $179,000
      1,656 SF

      Milledgeville Duplex with Tenants

      Duplex in Milledgeville, GA with tenants in place.
      2313 NE Laura Ct, Milledgeville, GA 31061
      View Details
    • $450,000
      4,311 SF

      Prime Commercial Opportunity on Columbia

      High-visibility commercial property on Milledgeville's main corridor.
      1531 N Columbia St, Milledgeville, GA 31061
      View Details
    • $324,900
      0.28 Acres

      Commercial Building in Milledgeville, GA

      Commercial building with multiple rental spaces and parking.
      1013 Fernwood Dr, Milledgeville, GA 31061
      View Details

    FAQs

    What type of property is this?
    Land - Land with county water, septic, timber, fenced, near downtown.
    Where is this land located?
    The property is located at 291 Pettigrew Rd NW Milledgeville, GA.
    What is the asking price?
    The asking price for this property is $67,000.
    What are key features of this property?
    This property features: - 3. 5-acre property offers space and privacy.; - Conveniently located 8 miles from downtown.; - Access to county water.
    (706) 373-8169
    Request Owner's contact information
    291 Pettigrew Rd NW Milledgeville, GA 31061
    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.
    291 Pettigrew Rd NW
    Milledgeville, GA 31061
    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
    291 Pettigrew Rd NW Milledgeville, GA 31061
    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
    Gloria Harmon
    (706) 373-8169 (844) 848-9623 (404) 948-8000
    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!