Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Corner Lot Investment Opportunity Title is generated by Realmo AI

    E Walker St, Douglas, GA 31533

    View on Map
    Claim this Listing
    New
    For Sale
    $160,000

    COMMERCIAL - Douglas, GA

    Lot size:
    0.93 Acres
    Added:
    May 12, 2026
    Days on Market:
    4
    Last Refresh:
    May 15 at 1:06 am

    Property Features for E Walker St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.93 Acres

    We can help!

    Listing Contact
    Kristin Johnson

    Listing agent Kristin Johnson

    Listing office Keller Williams Realty Georgia Communities 506 W Ward St, Macon, GA

    Listing date May 12, 2026

    MLS# 117774 Listing URL

    Copyright © 2026 Douglas Coffee County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Cleared 0.93 acre corner lot zoned commercial multifamily.
    • Prime investment opportunity with income‑producing potential.
    • Excellent visibility for commercial purposes.
    • Ready for development (apartments, duplexes, etc.).
    • Convenient location with easy access to local amenities and businesses.
    • Easy access to major roadways.

    Overview

    This is a 0.93-acre cleared corner lot, zoned for commercial multifamily use. It presents an investment opportunity with excellent visibility and development-ready space. The property is ideally suited for apartments, duplexes, or other income-producing projects. Conveniently located, it offers easy access to local amenities, businesses, and major roadways in Douglas, GA. This property is located in Coffee County, GA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Douglas
    County
    Coffee
    State
    Georgia
    Longitude
    -82.850028
    Latitude
    31.517053

    Nearby Similar for Sale

    • $379,000
      3,494 SF

      Move-in Ready Office Space

      Office space on a busy corner lot in Douglas, GA.
      718 Madison Ave N, Douglas, GA 31533
      View Details
    • $850,000
      6,500 SF

      Versatile Industrial Property in Douglas, GA

      Industrial-zoned property with two buildings, suitable for various commercial uses.
      1006 Hunter St, Douglas, GA 31533
      View Details
    • $222,500
      2,220 SF

      Douglas, GA Commercial Building

      2220 sq ft commercial building suitable for various applications.
      300 Cherry Street, Douglas, GA 31533
      View Details
    • $220,000
      1,200 SF

      Charming 2023 Building Near Lake

      New 1,200 SF building near a 300-acre lake.
      380 BROOKEWOOD, Douglas, GA 31535
      View Details
    • $1,695,000
      1,797 SF

      Former Drive-In Restaurant For Sale

      Former drive-in restaurant with ample parking and high traffic.
      55 Brantley Blvd, Douglas, GA 31533
      View Details
    • $295,000
      3,660 SF

      Downtown Douglas Commercial Opportunity

      Versatile 3,660 SF space in high-traffic downtown location.
      114 Peterson Avenue S, Douglas, GA 31533
      View Details
    • $295,000
      3,360 SF

      Downtown Douglas Commercial Opportunity

      Versatile 3,360 SF space in high-traffic downtown location.
      114 Peterson Avenue S, Douglas, GA 31533
      View Details
    • $437,000
      4,000 SF

      Commercial Property on Highway 441

      Commercial property with high visibility, ample parking, and fenced backyard.
      602 N. PETERSON AVE, Douglas, GA 31533
      View Details
    • $499,000

      Cleared Commercial Land on Highway

      5.57 acres of commercial land in high-traffic area.
      HWY 221 N, Douglas, GA 31533
      View Details
    • $47,000

      Commercial Land in Douglas, GA

      0.23 acre commercial land parcel, convenient location.
      812 Williams Street, Douglas, GA 31533
      View Details
    • $3,200,000
      6,000 SF

      Douglas, GA Commercial Opportunity

      Commercial building with warehouse and shop space on 8 acres.
      5568 Bowens Mill Rd, Douglas, GA 31533
      View Details
    • $2,900,000
      15,500 SF

      Pallet Manufacturing Business with Land

      Turnkey pallet manufacturing and logistics business with real estate included.
      3809 Hwy 32 West, Douglas, GA 31535
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.93 acre commercial lot, ready for development.
    Where is this commercial land located?
    The property is located at E Walker St Douglas, GA.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Cleared 0.93 acre corner lot zoned commercial multifamily.; Prime investment opportunity with income‑producing potential.; Excellent visibility for commercial purposes.
    (912) 292-3972
    We can help!
    Listing Contact
    Kristin Johnson
    Learn More
    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
    E Walker St, Douglas, GA 31533
    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!