Wooded Waterfront Recreational
For Sale
$1,195,000
481 Turner Road, Concord, GA 30206
Land, Concord, GA
Property Size2,800 SF
Lot Size136.00 Acres
Price / SF$426.79
Days on Market264
Property Features for 481 Turner Road
General Information
Property type
Land
Property subtype
Other
Vegetation
Wooded, Partially Wooded
Lot features
Private
View
Lake
Elementary school
Pike
Middle school
Pike
High school
Pike
Directions
GPS Friendly From Griffin, Hwy 362 west towards Hollonville. Turn Left onto Concord Rd, then Left on Turner Rd, property on Left. Look for sign.
Standard status
Active
APN
027 021
Lot size
136.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7366
Utilities
Utilities
Cable Available
Water source
Well, Private
Water front features
Lake, Pond
Water front
1
Building Details
Additional Structures
Guest House
Listing Agency:
RE/MAX SOUTHERN · RE/MAX International
(770) 227-5555
Listed By:
James Potts · License #355350
(706) 588-8850
Added: Dec 15, 2025
Changed: Sep 2
Last Checked: Sep 5 at 5:06PM
MLS# 10658194
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 consists of approximately 136 acres of fully wooded land in Pike County, Georgia, centered around a private lake of approximately 8 acres that is described as stocked. The property includes an approximately 2,800 square foot home and a detached 3-car garage. The home is described as having a wrap-around porch, and the property is presented as a place where updates and repairs could personalize the residence.
The land features mature timber and is described as supporting diverse wildlife, with opportunities for hunting, hiking, and ATV trail use. Exposed granite outcrops are also noted as adding character and scenic vistas across the acreage.
The property sits just outside of Concord and Hollonville, with a stated short drive to Atlanta. Access is provided via 481 Turner Road in Concord, GA 30206.
The land features mature timber and is described as supporting diverse wildlife, with opportunities for hunting, hiking, and ATV trail use. Exposed granite outcrops are also noted as adding character and scenic vistas across the acreage.
The property sits just outside of Concord and Hollonville, with a stated short drive to Atlanta. Access is provided via 481 Turner Road in Concord, GA 30206.
Key Highlights
- 136‑acre wooded property in Pike County, GA with Pond and Lake waterfront features
- Approximately 2,800 sq ft home with wrap‑around porch
- 8‑acre private lake stocked for fishing and suitable for kayaking; potential for dock
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,615
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,300
$752.3K
Cap Rate 7%
$537,357
$537.4K
Cap Rate 9%
$417,944
$417.9K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$72.9K $26.04/SF
− Vacancy
−$4.5K −$1.61/SF
EGI
$68.4K $24.43/SF
− OpEx
−$30.8K −$10.99/SF
NOI
$37.6K $13.43/SF
Area
Pike 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,300
Cap Rate 7%
$537,357
Cap Rate 9%
$417,944
Alternative Uses
Best Use
Apartment 5plus
$537.4K
$470.2K – $626.9K
NOI $37,615 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 30206, GA
3,086
Population
1,271
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
93%
High-School Grad
49.4 sq mi
ZIP Area
62
Density / Sq Mi
$77,500
Median Household Income
$40,517
Median Earnings
$1,115
Median Rent
$253,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hunting land - Fully wooded acreage with an approximately 8-acre stocked private lake for fishing, kayaking, and waterfront recreation.
Where is this hunting land located?
The property is located at 481 Turner Road Concord, GA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 136‑acre wooded property in Pike County, GA with Pond and Lake waterfront features; Approximately 2,800 sq ft home with wrap‑around porch; 8‑acre private lake stocked for fishing and suitable for kayaking; potential for dock
