Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lee County Build Ready Lot Title is generated by Realmo AI

    Lot 3 Forrester Pkwy, Leesburg, GA 31763

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.25 acre lot in high-traffic Lee County.

    Type:Land
    Lot size:
    1.25 Acres
    Added:
    Mar 17, 2024
    Days on Market:
    786
    Last Refresh:
    Mar 16 at 1:35 pm

    Property Features for Lot 3 Forrester Pkwy

    General Information

    Standard status
    Active
    Lot size
    1.25 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mike Flynn

    Listing agent Mike Flynn License #GA

    Listing office ALBANY REALTY COMPANY

    Listing date Mar 17, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of ALBANY REALTY COMPANY

    HighLights

    • High traffic location with over 24,000 cars per day
    • Build‑ready 1.25 acre lot
    • Located across from Publix, Chick‑fil‑A, and Phoebe Urgent Care
    • Next door to CVS
    • Available for sale, for lease, and/or build to suit
    • Located in Lee County

    Overview

    This 1.25-acre lot is located in Lee County and is build-ready. The property experiences high traffic, with over 24,000 cars per day. Situated across Highway 19 South from a Publix, Chick-fil-A, and Phoebe Urgent Care, it is also next door to a CVS. The property is available for sale, for lease, and/or build to suit.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lee
    State
    Georgia
    Longitude
    -84.17228
    Latitude
    31.656786

    Nearby Similar for Sale

    • $650,000

      Updated Commercial Property on Highway

      Updated commercial property with two units on high-traffic highway.
      1497 US Hwy 19, Leesburg, GA 31763
      View Details
    • $395,000

      Versatile Industrial Property on 7.04 Acres

      Industrial property on 7.04 acres with dual-road frontage.
      915 Middle Road S, Leesburg, GA 31763
      View Details
    • $295,000

      Lee County Commercial Land Opportunity

      4.96-acre commercial tract in a high-growth Lee County corridor.
      1483 Philema Road S, Leesburg, GA 31763
      View Details
    • $125,000

      Historic Land with Structures

      4.43 acres with historic buildings, well, and septic system.
      204 Linden road, Leesburg, GA 31763
      View Details
    • $169,900

      Commercial Lot in Leesburg, GA

      1.11 acre commercial lot available in Lee County.
      1721 Philema Road, Leesburg, GA 31763
      View Details
    • $269,900

      Commercial Corner Lot in Leesburg

      Prime 1.75 acre commercial corner lot available for sale.
      1709 Philema Road, Leesburg, GA 31763
      View Details
    • $169,900

      Commercial Lot in Leesburg, GA

      1.12 acre commercial lot available in Lee County.
      1717 Philema Road, Leesburg, GA 31763
      View Details
    • $169,900

      Commercial Lot in Leesburg, GA

      1.12 acre commercial lot available in Lee County.
      1713 Philema Road, Leesburg, GA 31763
      View Details
    • $199,900

      Commercial Land on Highway 32

      0.58-acre commercial lot in high-traffic Leesburg, Georgia.
      0 Hwy 32, Leesburg, GA 31763
      View Details
    • $1,217,391

      New Construction NNN Retail Property

      20-year absolute net lease in growing Albany suburb.
      1367 US-82, Leesburg, GA
      View Details
    • $800,000
      5,500 SF

      High-Traffic Leesburg Commercial Property

      Adaptable commercial space in high-traffic Leesburg location, suitable for various uses.
      1502 U.S. Hwy 19 S, Leesburg, GA 31763
      View Details
    • $599,000
      1,470 SF

      Restaurant Building on Highway 19

      Restaurant building for sale or lease on high-traffic highway.
      1583 US Highway 19 S, Leesburg, GA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.25 acre lot in high-traffic Lee County.
    Where is this commercial land located?
    The property is located at Lot 3 Forrester Pkwy Leesburg, GA.
    What is the asking price?
    The asking price for this property is $437,500.
    What are key features of this property?
    This property features: High traffic location with over 24,000 cars per day; Build‑ready 1.25 acre lot; Located across from Publix, Chick‑fil‑A, and Phoebe Urgent Care
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Flynn
    Real Estate License ID: GA
    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
    Lot 3 Forrester Pkwy, Leesburg, GA 31763
    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!