Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    53.8 Acres with House and Barn Title is generated by Realmo AI

    432 Mulberry Road, Winder, GA 30680

    View on Map
    Claim this Listing
    For Sale
    $2,160,000

    Agricultural property featuring ponds, house, and barn for sale.

    Type:Land or Vacant Lot
    Lot size:
    53.80 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    254
    Last Refresh:
    May 10 at 10:26 pm

    Property Features for 432 Mulberry Road

    General Information

    Standard status
    Active
    Lot size
    53.80 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    David Steele

    Listing agent David Steele License #177159

    Listing office David Steele and Associates

    Listing date Sep 24, 2025

    Source Corcoran

    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 David Steele and Associates

    HighLights

    • 53.8 acres of land
    • Includes a house and a barn
    • Features 2 ponds
    • Sold as is
    • Buyer responsible for tax covenant penalty

    Overview

    This property features 53.8 acres of land with a house and a barn. The site includes two ponds. The property is being sold as is. The buyer will be responsible for paying the penalty for breaking the tax covenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Suggested Use

    Real Estate Agency Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Winder
    County
    Barrow
    State
    Georgia
    Longitude
    -83.7419
    Latitude
    34.0544

    Nearby Similar for Sale

    • $350,000
      1,619 SF

      Winder Office Building For Sale

      Well-maintained office building near hospital and downtown Winder.
      293 N Broad Street, Winder, GA 30680
      View Details
    • $850,000

      Winder Office Space For Sale

      Office space with private parking on a main street.
      315 N Broad Street, Winder, GA 30680
      View Details
    • $795,000

      29+ Acres in Winder, GA

      Versatile land with road frontage, convenient access to major highways.
      884 Jackson Trail Road, Winder, GA 30680
      View Details
    • $630,000
      5,800 SF

      Winder Commercial Property For Sale

      2.2 acre property with 5,800 sq ft building.
      621 Loganville Highway, Winder, GA 30680
      View Details
    • $1,850,000
      7,908 SF

      Winder Duplex Investment Opportunity

      Three duplexes built in 2023 on 4.56 acres.
      294 Cedar Creek Road, Winder, GA 30680
      View Details
    • $850,000
      1,500 SF

      Winder Office Space For Sale

      Office space with private parking in Winder, Georgia.
      315 N Broad Street, Winder, GA 30680
      View Details
    • $630,000

      Winder Commercial Property For Sale

      2.2 acre commercial property with 5,800 sq ft building.
      621 Loganville Highway, Winder, GA 30680
      View Details
    • $329,000
      1,529 SF

      Winder Office/Retail Building For Sale

      Office/Retail building on 1 acre with excellent advertising exposure.
      255 N Broad Street, Winder, GA 30680
      View Details
    • $920,847

      Turn-Key Car Wash Investment Opportunity

      Well-maintained car wash in growing Winder, GA with recent upgrades.
      78 W Athens Street, Winder, GA 30680
      View Details
    • $795,000

      Winder Land with Development Potential

      29+ acres with road frontage, development potential, and mobile home.
      884 Jackson Trail Road, Winder, GA 30680
      View Details
    • $2,500,000
      1,080 SF

      Prime Commercial Corner Opportunity

      4.07-acre commercial corner lot in high-growth area.
      966 Gainesville Highway, Winder, GA 30680
      View Details
    • $1,901,670

      Turn-Key Car Wash Investment

      Prime car wash opportunity in growing Winder and Monroe, GA.
      78 W Athens Street, Winder, GA 30680
      View Details

    FAQs

    What type of property is this?
    Agricultural property - Agricultural property featuring ponds, house, and barn for sale.
    Where is this agricultural property located?
    The property is located at 432 Mulberry Road Winder, GA.
    What is the asking price?
    The asking price for this property is $2,160,000.
    What are key features of this property?
    This property features: 53.8 acres of land; Includes a house and a barn; Features 2 ponds
    (770) 307-5759
    We can help!
    Listing Contact
    David Steele
    Real Estate License ID: 177159
    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
    432 Mulberry Road, Winder, GA 30680
    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!