Development Land With Existing
3880 Fern Springs Lane Douglasville, GA 30135
For Sale
$1,450,000
LAND - Douglasville, GA
Property Size3,905 SF
Lot Size56.88 Acres
Price / SF$371.32
Days on Market119
Property Features for 3880 Fern Springs Lane
General Information
Property type
Land
Property subtype
Other
Vegetation
Partially Wooded
Standard status
Active
APN
01010250052
Lot size
56.88 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
9706
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Well
Building Details
Additional Structures
Residence
Listing Agency:
Robert Goolsby Real Estate Group
(770) 462-1150
Listed By:
Robert E Goolsby
(770) 401-7661
Added: Apr 2
Changed: Jun 6
Last Checked: Jul 29 at 4:06PM
MLS# 10724088
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a 56.88-acre parcel of development land that includes an existing 3,905-square-foot home. The current residence has three fully finished levels and has been extensively updated and upgraded throughout. The property is being marketed as a flexible base for planning future residential development while retaining a central residence.
The address is 3880 Fern Springs Lane in Douglasville, Georgia, in Douglas County. Public remarks indicate the site is minutes to I-20 and close to Arbor Place Mall, a hospital, and nearby restaurants and retail. The home is also noted as being located in the Alexander High School district.
For buyers or developers looking for room to design a multi-lot residential project, the combination of acreage and an improved home can support different planning approaches, including maintaining a central residence while proceeding with subdivision concepts. The presence of a sizable, updated home may also appeal to those who want usable space on-site during early development planning. All details should be confirmed with the appropriate professionals for any desired subdivision layout and approvals.
The address is 3880 Fern Springs Lane in Douglasville, Georgia, in Douglas County. Public remarks indicate the site is minutes to I-20 and close to Arbor Place Mall, a hospital, and nearby restaurants and retail. The home is also noted as being located in the Alexander High School district.
For buyers or developers looking for room to design a multi-lot residential project, the combination of acreage and an improved home can support different planning approaches, including maintaining a central residence while proceeding with subdivision concepts. The presence of a sizable, updated home may also appeal to those who want usable space on-site during early development planning. All details should be confirmed with the appropriate professionals for any desired subdivision layout and approvals.
Key Highlights
- 56.88‑acre property at 3880 Fern Springs Lane in Douglasville, GA, with room for subdivision or multi‑lot residential development
- Includes an existing 3,905‑SF home with three fully finished levels
- Home has been extensively updated and upgraded throughout with high‑end finishes
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.7k | $26.04 |
| − Vacancy | −$6.3k | −$1.61 |
| EGI | $95.4k | $24.43 |
| − OpEx | −$42.9k | −$10.99 |
| NOI | $52.5k | $13.43 |
3,905 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$749.4K
$655.8K – $874.3K
NOI $52,460 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$955.2K – $1.27M
NOI $76,412 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 56.88 acres with a 3,905-square-foot home, offering flexible options for residential subdivision planning or multi-lot development.
Where is this residential land & home lot located?
The property is located at 3880 Fern Springs Lane Douglasville, GA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 56.88‑acre property at 3880 Fern Springs Lane in Douglasville, GA, with room for subdivision or multi‑lot residential development; Includes an existing 3,905‑SF home with three fully finished levels; Home has been extensively updated and upgraded throughout with high‑end finishes
