Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    58 Acres Land Near Albany Title is generated by Realmo AI

    3431 Gladys Court, Albany, GA 31705

    View on Map
    Claim this Listing
    For Sale
    $464,720

    LAND - Albany, GA

    Lot size:
    58.09 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    201
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for 3431 Gladys Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00138/0001
    Lot size
    58.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1533

    We can help!

    Listing Contact
    Melissa Roberts

    Listing agent Melissa Roberts License #425771

    Listing office Keller Williams Georgia Communities 122 2nd Street, Macon, GA

    Listing date Nov 13, 2025

    MLS# 139049 Listing URL

    Copyright © 2026 Tiftarea Board of REALTORS® 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

    • 58.09 acres of land in Dougherty County, GA, minutes from Albany
    • Two adjoining parcels offered together (46.85 acres and 11.24 acres)
    • Currently zoned R‑2 with potential for rezoning or residential development
    • Land is mostly open and level, suitable for agriculture or other uses
    • Used for row crop farming; peanuts recently harvested for the 2025 season
    • Small wooded area provides natural beauty and wildlife habitat (turkey and deer)

    Overview

    Two adjoining parcels totaling 58.09 acres are available in Dougherty County, situated minutes from Albany, GA. The offering includes Parcel 1, spanning 46.85 acres, and Parcel 2, encompassing 11.24 acres. The combined tract is suitable for agriculture, recreation, or future development. Zoned R-2, the property has been utilized for row crop farming, with peanuts harvested for the 2025 season. The land is mostly open and level, facilitating adaptability for various uses. A small wooded area on the larger parcel enhances the natural beauty and provides a wildlife habitat, attracting turkey and deer. The property offers potential for rezoning or residential development, presenting investment opportunities in a growing area of Dougherty County. It is suitable for farmland, recreational acreage, or a future development site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Department Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Dougherty
    State
    Georgia
    Longitude
    -84.0479691
    Latitude
    31.5825842

    Nearby Similar for Sale

    • $1,150,000
      11,400 SF

      Albany Office Building on 5.5 Acres

      Large one-level office building in northwest Albany with ample parking.
      3005 Old Dawson Road, Albany, GA 31721
      View Details
    • $699,999
      1,942 SF

      Restaurant Opportunity on Oglethorpe Boulevard

      Restaurant with drive-thru, equipment, and parking on busy highway.
      1716 E Oglethorpe blvd, Albany, GA 31705
      View Details
    • $1,200,000
      10,428 SF

      Albany Commercial Strip For Sale

      Prime commercial strip with leasing opportunities and high traffic exposure.
      2820 Meredyth Dr, Albany, GA 31707
      View Details
    • $3,000,000
      6,384 SF

      Hospitality Asset with Expansion Potential

      Operating motel with development-ready land in a desirable commercial corridor.
      1201 Schley Avenue, Albany, GA 31707
      View Details
    • $325,000
      2,822 SF

      Restored Albany Commercial Building

      Two-story brick building suitable for office, medical, or professional use.
      410 Society Avenue W, Albany, GA 31701
      View Details
    • $169,900
      1,962 SF

      Versatile Commercial Property in Albany

      Well-suited commercial property with recent updates and flexible layout.
      700 Slappey Blvd N, Albany, GA 31707
      View Details
    • $99,000

      Albany Commercial Land For Sale

      2.57 acre commercial land with high visibility and accessibility.
      1434 South Mock Road, Albany, GA 31708
      View Details
    • $599,900
      1,390 SF

      Prime Albany Commercial Corner Lot

      Established auto dealership, ideal for redevelopment or continued use.
      1307 Slappey Blvd N, Albany, GA 31707
      View Details
    • $325,000
      4,478 SF

      Albany Office/Meeting Space For Sale

      4,478 SF mixed-use commercial space in growing historical district.
      310 Tift Avenue, Albany, GA 31701
      View Details
    • $205,000
      2,041 SF

      Turn-Key Day Care Center

      Profitable day care center ready for its next owner.
      1002 Tenth Ave, Albany, GA 31701
      View Details
    • $1,495,000
      8,050 SF

      Remodeled Commercial Building, High Visibility

      Remodeled 8,300 SF commercial building on high-traffic corner.
      1600 E Oglethorpe Blvd, Albany, GA 31705
      View Details
    • $149,900

      Prime Commercial Acreage For Sale

      6.85-acre commercial site with frontage and income potential.
      S Mock Road, Albany, GA 31705
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Two adjoining parcels totaling 58.09 acres near Albany, GA.
    Where is this agricultural land / farmland located?
    The property is located at 3431 Gladys Court Albany, GA.
    What is the asking price?
    The asking price for this property is $464,720.
    What are key features of this property?
    This property features: 58.09 acres of land in Dougherty County, GA, minutes from Albany; Two adjoining parcels offered together (46.85 acres and 11.24 acres); Currently zoned R‑2 with potential for rezoning or residential development
    (334) 797-8338
    We can help!
    Listing Contact
    Melissa Roberts
    Real Estate License ID: 425771
    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
    3431 Gladys Court, Albany, GA 31705
    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!