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    140 Antioch Church Rd Eastman, GA 31023

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    For Sale
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    379 Acres, Irrigated Georgia Farm

    Property Features for 140 Antioch Church Rd

    General Information

    Property type
    Farms
    Lot Size
    16,530,149 SF

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    Listing Contact
    Benjamin Crosby
    Benjamin Crosby

    Listing Agency: Crosby & Associates Inc Corporate Listing Agent: Benjamin Crosby

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

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    Overview

    This exceptional 379.48-acre agricultural property in Dodge County, Georgia, presents a unique investment opportunity. Located at 140 Antioch Church Rd, Eastman, GA 31023, this high-quality farm is ideally suited for peanut, cotton, and corn cultivation. The land boasts an advanced irrigation system, including five 2014 Reinke pivots and two 2014 standing gun sprinklers, drawing water from a 12-inch well (directly supplying the pivots) and a 6-inch well (feeding a northern pond). Four pivots utilize electric power, while one runs on diesel. The property features three interconnected southern ponds, providing backup irrigation for the southern fields. The primary soils consist of Tifton and Dothan loamy sands, along with Kinston-Bibb, Cowarts, and Nankin loamy sands. Access is convenient via two paved roads (Log Cabin Rd and Antioch Church Rd) and one clay road (Razor-Goolsby Rd). Beyond its agricultural potential, the farm offers excellent hunting and fishing opportunities, enhanced by the presence of four ponds, and several potential sites for cabin or home construction. The entire property is fully fenced, ensuring security and efficient land management. This turnkey operation is priced at $2,300,000 and is zoned for agricultural use. The property's combination of productive farmland, recreational amenities, and strategic location makes it an attractive investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Big Box & Wholesale Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastman
    County
    Dodge
    State
    Georgia
    Longitude
    -83.2368396
    Latitude
    32.22553396

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    FAQs

    What type of property is this?
    Farm - 379 Acres, Irrigated Georgia Farm
    Where is this farm located?
    The property is located at 140 Antioch Church Rd Eastman, GA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for 379.48 acres of agricultural land.; Located at 140 Antioch Church Rd, Eastman, GA 31023.; Irrigated farm currently used for peanut, cotton, and corn production; features seven irrigation pivots and two wells.
    (863) 293-5600 Call to check price and availability
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    140 Antioch Church Rd Eastman, GA 31023
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    Eastman, GA 31023
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    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
    140 Antioch Church Rd Eastman, GA 31023
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    Contact for Pricing
    Please call us for current price
    and status of this listing Benjamin Crosby
    Benjamin Crosby
    (863) 293-5600 (863) 412-8977
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