Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land on Highway 84 Title is generated by Realmo AI

    501 W 3rd St, Donalsonville, GA 39845

    View on Map
    Claim this Listing
    For Sale
    $125,000

    COMMERCIAL - Donalsonville, GA

    Lot size:
    1.00 Acre
    Added:
    Sep 17, 2025
    Days on Market:
    248
    Last Refresh:
    May 22 at 1:06 am

    Property Features for 501 W 3rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Zane Whittaker

    Listing agent Zane Whittaker

    Listing office The Whittaker Agency P.O. Box 487 206 South Knox Avenue, Donalsonville, GA

    Listing date Sep 17, 2025

    MLS# 14280

    Copyright © 2026 Southwest Georgia Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highly visible commercial property with 150 feet of direct frontage on Highway 84.
    • Approximately 1 acre of land suitable for immediate use or future development.
    • Utilities readily available: city water, sewage, and electricity access.
    • Concrete lot with existing slab.
    • Back portion of the lot is already cleared, offering additional space.
    • Located in Donalsonville, GA, ideal for retail, office, or service‑based businesses.

    Overview

    This commercial property features approximately 1 acre of land with 150 feet of direct frontage on Highway 84. The property includes a concrete lot with an existing slab, suitable for immediate use or future development. City water, sewage, and electricity are available. The back portion of the lot is cleared, providing additional space for expansion, parking, or new construction. Located in Donalsonville, GA, this property offers high traffic exposure and development potential, making it suitable for retail, office, or service-based businesses seeking a strong presence with major highway frontage.
    Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Donalsonville
    County
    Seminole
    State
    Georgia
    Longitude
    -84.889219
    Latitude
    31.0422533

    Nearby Similar for Sale

    • $325,000
      15,000 SF

      Donalsonville Commercial Property For Sale

      Versatile commercial property with highway frontage and income-producing potential.
      412 W 3rd St, Donalsonville, GA 39845
      View Details
    • $1,100,000
      7,200 SF

      Established Assisted Living Facility

      Turnkey assisted living facility on 1.55 acres in Donalsonville, GA.
      1002 N Wiley Ave, Donalsonville, GA 39845
      View Details
    • $34,900

      Lake Seminole Buildable Land

      1.55-acre lakeview property near Lake Seminole with utilities available.
      91 Lake Carroll Drive, Donalsonville, GA 39845
      View Details
    • $290,000
      15,000 SF

      Versatile Commercial Property in Donalsonville

      Income-producing commercial property with restaurant and office rentals.
      604 W 3RD ST, Donalsonville, GA 39845
      View Details
    • $299,000

      Medical Office Building For Sale

      Turnkey medical office near hospital, suitable for various practices.
      800 N Tennille, Donalsonville, GA 39845
      View Details
    • $175,000

      Commercial Land on US Hwy 84

      2.26 acre commercial land with highway frontage in Donalsonville, GA.
      507 S Friendship Ave., Donalsonville, GA 39845
      View Details
    • $28,000

      Cleared Land in Donalsonville, GA

      1.5 acres of cleared land suitable for homesite or commercial.
      1309 S Morris Ave, Donalsonville, GA 39845
      View Details
    • $385,000

      Lake Seminole Campground Opportunity

      2.83-acre property on Lake Seminole, potential campground or venue.
      8044 County Road 374, Donalsonville, GA 39845
      View Details
    • $125,000

      Established Business in Seminole County

      Turn-key business opportunity with real estate and equipment included.
      306 Alexander Ave., Donalsonville, GA 39845
      View Details
    • $35,000

      Donalsonville, GA Wooded Lot

      Private 1.5 acre wooded lot with homesite potential.
      Cove Drive lot: #3, Donalsonville, GA 39845
      View Details
    • $74,900

      Lake Seminole Waterfront Residential Land

      3.5 acres of waterfront land on Lake Seminole.
      8191 Harvel Pond Road lot: 13, Donalsonville, GA 39845
      View Details
    • $180,000

      Waterfront Lot on Spring Creek

      Waterfront lot with renovated boat slip and utilities in place.
      7779 Spring Creek Drive lot: 9, Donalsonville, GA 39845
      View Details

    FAQs

    What type of property is this?
    Commercial land - One acre commercial property with highway frontage in Donalsonville, GA.
    Where is this commercial land located?
    The property is located at 501 W 3rd St Donalsonville, GA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Highly visible commercial property with 150 feet of direct frontage on Highway 84.; Approximately 1 acre of land suitable for immediate use or future development.; Utilities readily available: city water, sewage, and electricity access.
    (229) 254-7351
    We can help!
    Listing Contact
    Zane Whittaker
    Learn More
    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
    501 W 3rd St, Donalsonville, GA 39845
    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!