Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Undeveloped Land Near Little Rock Title is generated by Realmo AI

    Garrison Road East, Hawkinsville, GA 72223

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Undeveloped land suitable for development or residential construction.

    Type:Land
    Added:
    Sep 6, 2024
    Days on Market:
    639
    Last Refresh:
    May 13 at 8:18 pm

    Property Features for Garrison Road East

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Cole Westbrook
    Cole Westbrook

    Listing agent Cole Westbrook License #1234

    Listing office Davis DuBose Knight Forestry & Real Estate

    Listing date Sep 6, 2024

    Source Crexi

    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 Davis DuBose Knight Forestry & Real Estate

    HighLights

    • Undeveloped land - build your dream home or develop.
    • Convenient location just west of Little Rock, only a few miles from town.
    • Wooded property with pines and natural hardwoods providing privacy.
    • Rare opportunity for land near Little Rock.
    • Over 1/4 mile of paved road frontage if combined with adjacent property.
    • Garrison Road location.

    Overview

    This property presents a rare opportunity for undeveloped land near Little Rock. Located just west of Little Rock, the Garrison Road property is suitable for development or for building a private residence outside of town. The wooded land features pines and natural hardwoods, providing privacy while remaining a few miles from town. Combining both the Garrison East and Garrison West properties provides over 1/4 mile of paved road frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Hawkinsville
    County
    Pulaski
    State
    Georgia
    Longitude
    -92.5396
    Latitude
    34.7873

    Nearby Similar for Sale

    • $325,000
      1,830 SF

      Versatile Commercial Lot in Hawkinsville

      5-acre corner lot with residential, commercial, and storage spaces.
      51 Louie Blount Rd, Hawkinsville, GA 31036
      View Details
    • $150,000

      Residential Lot with Runway Access

      0.76-acre residential lot with direct airplane runway access.
      LOT# 21 Airport Subdivision Road, Hawkinsville, GA 31036
      View Details
    • $150,000

      Residential Lot with Runway Access

      0.70-acre residential lot with direct airplane runway access.
      LOT# 16 Airport Subdivision Road, Hawkinsville, GA 31036
      View Details
    • $325,000
      1,830 SF

      Versatile 5-Acre Corner Lot

      Mixed-use property with residential, commercial, and storage space.
      51 Louie Blount Road, Hawkinsville, GA 31036
      View Details
    • $37,500

      Residential Lot in Sandy Springs

      0.72-acre residential lot in established Hawkinsville subdivision.
      34 Sandy Springs Circle, Hawkinsville, GA 31036
      View Details
    • $1,200,000
      7,500 SF

      Dollar General NNN Investment Opportunity

      Single-tenant Dollar General in Hawkinsville, GA with corporate guarantee.
      2925 US-341, Hawkinsville, GA 31036
      View Details
    • $300,000

      3-Acre Commercial Parcel on Highway

      3-acre commercial lot on Eastman Highway in Hawkinsville, GA.
      0 Eastman Highway, Hawkinsville, GA 31036
      View Details
    • $300,000

      3-Acre Commercial Parcel on Highway

      3-acre commercial parcel on Eastman Highway in Hawkinsville, Georgia.
      Eastman Highway, Hawkinsville, GA 31036
      View Details
    • $37,500

      Hawkinsville, GA Corner Lot

      1.12-acre corner lot ready for your ideal home.
      47 Craft Way Drive, Hawkinsville, GA 31036
      View Details
    • $3,259,200
      14,820 SF

      Prime Retail Location on Broad

      High-visibility retail space in Hawkinsville's commercial corridor.
      126 Broad St, Hawkinsville, GA 31036
      View Details
    • $43,000

      Golf Course Residential Lot

      Spacious lot in Southern Hills, Hawkinsville, GA.
      0 Crabapple Drive, Hawkinsville, GA 31036
      View Details
    • $325,000
      2 SF

      Restaurant Building with Commissary Potential

      Commercial building with kitchen and additional metal building for sale.
      109 Broad Street Hawkinsville, GA 31036, GA 31036
      View Details

    FAQs

    What type of property is this?
    Land - Undeveloped land suitable for development or residential construction.
    Where is this land located?
    The property is located at Garrison Road East Hawkinsville, GA.
    What is the asking price?
    The asking price for this property is $174,425.
    What are key features of this property?
    This property features: Undeveloped land - build your dream home or develop.; Convenient location just west of Little Rock, only a few miles from town.; Wooded property with pines and natural hardwoods providing privacy.
    (501) 231-8778 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cole Westbrook
    Cole Westbrook
    Real Estate License ID: 1234
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Garrison Road East, Hawkinsville, GA 72223
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!