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    Creek Frontage Mountain View Land Title is generated by Realmo AI

    940 Fir Lane #3588 3589, Ellijay, GA 30540

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    For Sale
    $145,000

    Nearly 4 acres with 315 feet of Mountaintown Creek frontage.

    Type:Land or Vacant Lot
    Lot size:
    2.96 Acres
    Added:
    Jul 19, 2025
    Days on Market:
    312
    Last Refresh:
    May 11 at 12:36 am

    Property Features for 940 Fir Lane #3588 3589

    General Information

    Standard status
    Active
    Lot size
    2.96 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    Julia Krusac
    Julia Krusac

    Listing agent Julia Krusac License #411837

    Listing office RE/MAX Town & Country

    Listing date Jul 19, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Town & Country

    HighLights

    • Trophy trout stream frontage: 315 feet on Mountaintown Creek.
    • Enjoy close‑range mountain views from the elevated homesite.
    • Nearly 4 acres of land including an additional lot.
    • Creek features a deep pool for swimming and rapids for relaxing sounds.
    • Community amenities include riverfront parks, pools, and recreation center.
    • Short‑term rentals allowed, offering investment potential.

    Overview

    This property offers 315 feet of frontage along Mountaintown Creek, a waterway known for its trout population. The lot encompasses 2.96 acres, with an optional adjoining 0.95-acre parcel. The property is situated on a curve of the creek, featuring a deep, calm pool and a lively rapid. The primary homesite is located on an upper ridge, positioned to capture mountain views and vistas of the creek below. A path or staircase can be added to access the lower flat area along the water, where a natural firepit setting is in place. The adjoining parcel was originally envisioned for a garage or toy barn with a one-bedroom, one-bath apartment. Modern conveniences available include public water, high-speed internet, and cable TV. Short-term rentals are allowed. Community amenities include 5 riverfront parks with RV hookups, tent camping, dog runs, a stocked fishing pond, the Coosawattee River for tubing, kayaking and fishing, an events center with mountain views, 3 pools (2 outdoor + 1 indoor heated, year-round), and a recreation center with arcade, fitness room, mini-golf, and pickleball.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.4462
    Latitude
    34.6692

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    FAQs

    What type of property is this?
    Recreation land - Nearly 4 acres with 315 feet of Mountaintown Creek frontage.
    Where is this recreation land located?
    The property is located at 940 Fir Lane #3588 3589 Ellijay, GA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Trophy trout stream frontage: 315 feet on Mountaintown Creek.; Enjoy close‑range mountain views from the elevated homesite.; Nearly 4 acres of land including an additional lot.
    (770) 596-6599
    We can help!
    Listing Contact
    Julia Krusac
    Julia Krusac
    Real Estate License ID: 411837
    Learn More
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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.

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