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    Old Rico Rd Palmetto, GA 30268

    For Sale
    Contact for pricing

    Fulton County commercial land, near Atlanta.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 121.8-acre commercial land parcel in Fulton County, Georgia, presents a unique investment opportunity. Located in Chattahoochee Hills, approximately 20 miles from Hartsfield-Jackson International Airport, this property boasts convenient access to downtown Atlanta via South Fulton Parkway. The land is comprised of two parcels bisected by Old Rico Road, offering the potential for development into three separate farmettes of approximately 3.4, 90.7, and 27.7 acres. With over 1,700 feet of road frontage along the gravel Old Rico Road, the property offers significant flexibility for various commercial ventures. The area is known for its commitment to preservation, with Chattahoochee Hills aiming to protect 70% of its land. The property's proximity to the renowned Serenbe community, an urban village with a similar preservation focus and high-end residential development (average new construction price of nearly $800,000 in 2022), adds to its appeal. Furthermore, the property is situated south of the expansive 800-acre Cochran Mill Park, featuring historic mill sites and over 18 miles of multi-use trails. The property is available for purchase as a whole or as individual farmettes, providing options for diverse investment strategies. This location offers a blend of natural beauty, accessibility, and proximity to a major metropolitan area, making it an attractive proposition for developers and investors alike.

    Property Features for 0 Old Rico Rd

    General Information

    Property type
    Land
    Lot Size
    5,305,608 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palmetto
    County
    Fulton
    State
    Georgia
    Longitude
    -84.731101
    Latitude
    33.5510244

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    FAQs

    What type of property is this?
    Land - Fulton County commercial land, near Atlanta.
    Where is this land located?
    The property is located at Old Rico Rd Palmetto, GA.
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    Realmo Value Estimation

    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.

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    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.

    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.

    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
    Old Rico Rd Palmetto, GA 30268
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