Add Listing
    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

    Frazier Drive lot 1 Riceboro, GA 31323

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Frazier Drive lot 1, Riceboro, GA
    Pending
    Contact for pricing

    LAND - Riceboro, GA

    Lot size:
    1.02 Acres
    Added:
    Sep 26, 2017
    Days on Market:
    3137
    Last Refresh:
    Apr 28 at 9:06 am

    Property Features for Frazier Drive lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR1
    Standard status
    Pending
    APN
    219C-018
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Year
    2016
    Tax Description
    1.02 AC LT 1 RICEBORO FARMS 15 GMD
    Tax Annual Amount
    147

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Lana Marie Nesmith

    Listing agent Lana Marie Nesmith License #176278

    Listing office Lana Nesmith Properties, Inc GA

    Listing date Sep 26, 2017

    MLS# SA179589 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riceboro, GA Land For Sale

    This property consists of land located in Riceboro, Georgia. The lot size is 1.02 acres. The zoning is AR1. According to the listing, the land is suitable for building a house or placing a mobile home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Riceboro
    County
    Liberty
    State
    Georgia
    Longitude
    -81.429198
    Latitude
    31.733899

    Nearby Similar for Sale

    • $250,000

      Waterfront Land with Highway Access

      23-acre waterfront property with highway access in rapidly growing area.
      S Coastal Highway, Riceboro, GA 31323
      View Details
    • $60,000

      Marsh View Land in Riceboro

      Almost 2-acre lot with marsh views in quiet neighborhood.
      3 & M3 Big Oak Road, Riceboro, GA 31323
      View Details
    • $1,500,000

      Riceboro, GA Development Opportunity

      18 acres ideal for residential development near Hinesville and Savannah.
      8434 EB Cooper Highway, Riceboro, GA 31323
      View Details
    • $1,824,000

      173 Acres of A1-Zoned Land

      Rare 173-acre tract near I-95 with development potential.
      --- Old Darien Highway, Riceboro, GA 31323
      View Details
    • $175,000

      29 Acres in Riceboro, GA

      Prime land off Highway 17, ideal for development.
      S Coastal Highway, Riceboro, GA 31323
      View Details
    • Contact for pricing

      Industrial Land Near I-95

      52.87 acres of industrial land, minutes from I-95.
      Riceboro, GA 31323
      View Details
    • $20,000

      Riceboro, GA Land For Sale

      Residential land suitable for building a home or mobile home.
      Frazier Drive lot: 2, Riceboro, GA 31323
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Riceboro, Georgia.
    Where is this residential land & home lot located?
    The property is located at Frazier Drive lot 1 Riceboro, GA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Opportunity to build a house or bring a mobile home.; Well water source.; Septic tank sewer system.
    (912) 728-5695
    We can help!
    Listing Contact
    Lana Marie Nesmith
    Real Estate License ID: 176278
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!