Sign Up Successful!
You now have access to more from Realmo!
    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

    37 Us Highway 80 Ellabell, GA 31308

    Sponsored
    For Sale
    $149,000

    Buildable residential lot near I-16.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This 1.1-acre lot, located in Ellabell, Georgia (zip code 31308), presents a unique opportunity for residential development. Situated on US Highway 80, it boasts convenient access to Interstate 16 via exit 137 and the Highway 119 ramp. The property's APN is 023004 and is located in Bryan County, near the Bulloch County line. A significant advantage is the presence of an existing private well on the site, eliminating the need for immediate well installation. The asking price for this strategically positioned land is $149,000. While currently zoned residential, the property holds potential for rezoning to Highway Commercial, offering increased development flexibility and potential for higher returns. Its proximity to the Hyundai Mega Plant Site further enhances its investment appeal. The address is listed as 37 US-80. This lot offers a compelling blend of accessibility, existing infrastructure, and future development potential.

    Property Features for 37 Us Highway 80

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    We can help!

    Listing Contact
    Jeff Raines
    Jeff Raines

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Electrical Service Convenience Store Garden Center Pet Store Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellabell
    County
    Bryan
    State
    Georgia
    Longitude
    -81.506
    Latitude
    32.222059

    Nearby Similar for Sale

    • $6,260,000
      10 SF

      NNN Pilot Ground Lease Opportunity

      NNN Pilot Ground Lease owned by Berkshire Hathaway.
      I-16 Hwy, Ellabell, GA 31308
      View Details
    • Contact for pricing
      1,004,340 SF

      Available Industrial Space in Ellabell

      450,000 SF industrial space with excellent transportation connectivity.
      550 Westport Blvd, Ellabell, GA 31308
      View Details
    • $353,500

      Bryan County Home Near Hyundai

      3-bedroom, 2-bathroom manufactured home on a spacious, private lot.
      2391 Homestead Dr, Ellabell, GA 31308
      View Details
    • $1,600,000
      8.00 Acres

      Prime Ellabell Industrial Land

      8 Acres Near Hyundai & Port of Savannah
      220 Us Hwy 80 Hwy, Ellabell, GA 31308
      View Details
    • $323,000
      1,240 SF

      Ellabell Commercial Property - B-2 Zoning

      Half-acre lot, 1240 sq ft building, prime location.
      5155 Wilma Edwards Rd, Ellabell, GA 31308
      View Details
    • $3,175,000
      14.73 Acres

      Prime Ellabell Commercial Land

      14.73 Acres Near Hyundai Plant
      12206 Us Highway 280, Ellabell, GA 31308
      View Details
    • $4,130,000
      59.00 Acres

      Prime Ellabell Development Land

      59 Acres Near Hyundai Plant
      00 Wilma Edwards Rd, Ellabell, GA 31308
      View Details
    • $7,000,000
      35.10 Acres

      Prime Ellabell Land Near Hyundai Plant

      Exceptional 35-acre development opportunity.
      9625 Hwy 280 Hwy, Ellabell, GA 31308
      View Details
    • $1,350,000
      6.29 Acres

      Prime Ellabell Commercial Land

      Highway 280 frontage, near Hyundai Plant
      12288 Us Highway 280, Ellabell, GA 31308
      View Details
    • $2,600,000
      10.66 Acres

      Prime Ellabell Commercial Land

      10.66 Acres Near Hyundai Plant
      12138 Us Highway 280, Ellabell, GA 31308
      View Details
    • $800,000
      3.58 Acres

      Ellabell, GA Commercial Land Opportunity

      3.58-acre corner lot, high-growth area.
      2345 Eldora Rd, Ellabell, GA 31308
      View Details
    • $4,327,200
      24.00 Acres

      Prime 24-Acre Hwy 80 Tract

      Development Land Near Hwy 280
      00 Us 80 Hwy, Ellabell, GA 31308
      View Details

    FAQs

    What type of property is this?
    Land - Buildable residential lot near I-16.
    Where is this land located?
    The property is located at 37 Us Highway 80 Ellabell, GA.
    What is the asking price?
    The asking price for this property is $149,000.
    Request Owner's contact information
    37 Us Highway 80 Ellabell, GA 31308
    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.
    37 Us Highway 80
    Ellabell, GA 31308
    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
    37 Us Highway 80 Ellabell, GA 31308
    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!
    Listing Contact
    Jeff Raines
    Jeff Raines
    Real Estate License ID: GA
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.