Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Lot in Lincolnton, GA Title is generated by Realmo AI

    51 Shelter Cove Road, Lincolnton, GA 30817

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 51 Shelter Cove Road, Lincolnton, GA
    For Sale
    $49,900

    LAND - Lincolnton, GA

    Lot size:
    1.28 Acres
    Added:
    Oct 15, 2019
    Days on Market:
    2403
    Last Refresh:
    May 13 at 1:06 am

    Property Features for 51 Shelter Cove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.28 Acres

    Taxes and HOA fees

    Tax Year
    2018

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Greg Honeymichael
    Greg Honeymichael

    Listing agent Greg Honeymichael License #181019

    Listing office Meybohm Real Estate - Evans 7025 Evans Town Center Blvd., Evans, GA

    Listing date Oct 15, 2019

    MLS# 98212356 Listing URL

    Copyright © 2026 Hive 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

    • 1.28 acre lot
    • Build your dream home
    • At the lake location
    • Water Available
    • Location coordinates provided
    • Opportunity for custom build

    Overview

    This 1.28-acre lot is located in Lincolnton, Georgia. It is intended for residential use, offering an opportunity to build a custom home. The property is situated at 51 Shelter Cove Road, in Lincoln County, with convenient access to the lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lincolnton
    County
    Lincoln
    State
    Georgia
    Longitude
    -83.642702
    Latitude
    34.563093

    Nearby Similar for Sale

    • $795,000
      6,120 SF

      Historic Mixed-Use Building in Lincolnton

      Revitalized commercial building with four income-producing spaces in downtown Lincolnton.
      105 Washington Street, Lincolnton, GA 30817
      View Details
    • $700,000
      3,754 SF

      Prime Commercial Land with Office

      3.04 acres with 3754 sq ft office space.
      286 S Peachtree St, Lincolnton, GA 30817
      View Details
    • $150,000

      Lakefront Acreage in Providence Ferry

      Dockable 1.13-acre lot with lake access in Providence Ferry.
      Maiden Cane Way lot: 65, Lincolnton, GA 30817
      View Details
    • $120,000

      Lakefront Lot with Dock Ready

      0.80-acre waterfront lot with dock in Soap Creek.
      1035 Seminole Drive, Lincolnton, GA 30817
      View Details
    • $999,900

      Prime Commercial Opportunity in Lincolnton

      High-visibility commercial property in a growing recreational area.
      111 Main Street, Lincolnton, GA 30817
      View Details
    • $975,000
      1,400 SF

      Family Dollar Strip Center

      Retail strip center anchored by Family Dollar in Lincolnton, GA.
      117 May Ave, Lincolnton, GA 30817
      View Details
    • $130,000

      Clarks Hill Lake Waterfront Land

      0.99-acre lot with utilities on Clarks Hill Lake.
      1249 Lakeshore Estates Drive, Lincolnton, GA 30817
      View Details
    • $435,000

      Lincolnton Land with Updated Home

      14+ acres with updated home, rental income potential.
      4232 Double Branches Road, Lincolnton, GA 30817
      View Details
    • $140,000

      Lakefront Lot in Lincolnton, GA

      Exceptional 1.25-acre lakefront property with stunning views of Clarks Hill Lake.
      S Pointe Cove lot: 23, Lincolnton, GA 30817
      View Details
    • $960,444

      Expansive Land Parcel in Lincolnton

      73.88 acres in Lincolnton, GA, suitable for residential development.
      Crook Road, Lincolnton, GA 30817
      View Details
    • $92,400

      8.4 Acres Homesite in Lincolnton

      8.4 acres homesite with mature oaks in Lincolnton, GA.
      Mercier Road, Lincolnton, GA 30817
      View Details
    • $190,000

      Fenced Land with Utilities Available

      11.56 acres, fully fenced, gated, with utilities in Lincolnton.
      3776 Mt Zion Church Road, Lincolnton, GA 30817
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.28 acre lot to build your dream home.
    Where is this residential land & home lot located?
    The property is located at 51 Shelter Cove Road Lincolnton, GA.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: 1.28 acre lot; Build your dream home; At the lake location
    (706) 533-3015
    We can help!
    Listing Contact
    Greg Honeymichael
    Greg Honeymichael
    Real Estate License ID: 181019
    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
    51 Shelter Cove Road, Lincolnton, GA 30817
    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!