Development Land With Existing
For Sale
$1,450,000
3880 Fern Springs Lane, Douglasville, GA 30135
Land, Douglasville, GA
Property Size3,905 SF
Lot Size56.88 Acres
Price / SF$371.32
Days on Market211
Property Features for 3880 Fern Springs Lane
General Information
Property type
Land
Property subtype
Other
Vegetation
Partially Wooded
Lot features
Private
Elementary school
Mason Creek
Middle school
Mason Creek
High school
Alexander
Directions
GPS Friendly
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: Aug 19
Last Checked: Oct 29 at 8:06AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$52,460
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,200
$1.0M
Cap Rate 7%
$749,429
$749.4K
Cap Rate 9%
$582,889
$582.9K
Market Conditions
NOI Build-Up for 3,905 SF
Gross rent
$101.7K $26.04/SF
− Vacancy
−$6.3K −$1.61/SF
EGI
$95.4K $24.43/SF
− OpEx
−$42.9K −$10.99/SF
NOI
$52.5K $13.43/SF
Area
Douglas County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,200
Cap Rate 7%
$749,429
Cap Rate 9%
$582,889
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.
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Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 30135, GA
67,508
Population
23,823
Households
2.8
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
83.6 sq mi
ZIP Area
808
Density / Sq Mi
$92,991
Median Household Income
$48,265
Median Earnings
$1,550
Median Rent
$277,400
Median Home Value
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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
