Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    421 Mac Thompson Rd Cochran, GA 31014

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    34 prime residential lots, 1+ acres each.

    Property Features for 421 Mac Thompson Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    We can help!

    Listing Contact
    Joe Meadows
    Joe Meadows

    Listing Agency: Coldwell Banker Commercial | The Free Group Listing Agent: Joe Meadows

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Invest in 34 residential lots nestled within the Woodlands Golf Course Estates Subdivision in Cochran, Georgia, Bleckley County. These lots offer a unique opportunity for developers or individual buyers seeking to build their dream homes in a serene setting. Each lot boasts approximately one acre or more of land, providing ample space for construction and landscaping. The subdivision is zoned for residential use, ensuring compliance with local regulations. Pricing varies, with some lots available at $12,500, while others are priced at $18,500. Specific lot pricing is detailed in attached plats, which are available upon request. The lots are subject to existing covenants and restrictions, ensuring the maintenance of the subdivision's aesthetic appeal and property values. This is an exceptional opportunity to acquire land in a desirable location, offering a blend of tranquility and convenience. The property's location in Cochran, Georgia, provides access to local amenities while maintaining a peaceful atmosphere. Don't miss this chance to secure your piece of this attractive development. Detailed lot maps are available for review. Contact us today to learn more and begin the process of securing your ideal lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cochran
    County
    Bleckley
    State
    Georgia
    Longitude
    -83.341720073624
    Latitude
    32.356189600788

    Nearby Similar for Sale

    • New
      $750,000
      800 SF

      Cochran Multifamily Investment Opportunity

      Six villas and a vacant lot for additional income.
      Mac Thompson Rd, Cochran, GA 31014
      View Details
    • $439,900

      Spacious Church with Development Potential

      Well-maintained property suitable for offices, community center, daycare, or events.
      1123 N 5Th St, Cochran, GA 31014
      View Details
    • $1,200,000
      9,504 SF

      Exceptional Cochran Commercial Property

      Daycare Facility, 9,504 sq ft, 1.93 acres
      287 Dykes St, Cochran, GA 31014
      View Details
    • $150,000
      7,512 SF

      Prime Cochran Commercial Property

      High-potential corner lot, 7512 sq ft.
      342 2Nd St, Cochran, GA 31014
      View Details
    • $68,000
      1,800 SF

      Cochran Commercial Building - Great Location

      Spacious warehouse, 6 roll-up doors, .47-acre lot.
      262 Ash Street Ln, Cochran, GA 31014
      View Details
    • $599,000
      8,495 SF

      Prime Cochran Commercial Space

      Spacious 8,495 sq ft building on 1.06 acres
      140 Peacock St, Cochran, GA 31014
      View Details
    • $399,900
      706,543 SF

      Highway 87 Byp, Cochran, GA 31014

      Commercial real estate • 706,543 SF
      Highway 87 Byp, Cochran, GA 31014
      View Details

    FAQs

    What type of property is this?
    Land - 34 prime residential lots, 1+ acres each.
    Where is this land located?
    The property is located at 421 Mac Thompson Rd Cochran, GA.
    What is the asking price?
    The asking price for this property is $12,500.
    What are key features of this property?
    This property features: $12,500 asking price for select lots.; 1-acre residential lots.; Located in Cochran, GA, Bleckley County.
    (478) 218-2600 Call to check price and availability
    Request Owner's contact information
    421 Mac Thompson Rd Cochran, GA 31014
    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.
    421 Mac Thompson Rd
    Cochran, GA 31014
    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
    421 Mac Thompson Rd Cochran, GA 31014
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Meadows
    Joe Meadows
    Real Estate License ID: 254304
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!