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    37 Acres of Country Living Title is generated by Realmo AI

    Old Salem Rd, Watkinsville, GA 30677

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    Claim this Listing
    For Sale
    $899,000

    LAND - Watkinsville, GA

    Lot size:
    37.05 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    128
    Last Refresh:
    Jun 1 at 12:06 pm

    Property Features for Old Salem Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AG
    Vegetation
    Partially Wooded
    Standard status
    Active
    APN
    A 10 021B, A 10 021C,A 10 021D
    Lot size
    37.05 Acres

    Taxes and HOA fees

    Tax Description
    A 10 021B,A 10 021C, A 10 021D

    We can help!

    Listing Contact
    Eleshea Borders

    Listing agent Eleshea Borders License #392769

    Listing office Classic Team Realty 1351 Jennings Mill Rd., Ste. B2, Watkinsville, GA

    Listing date Jan 24, 2026

    MLS# CL346246 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.

    HighLights

    • 37 Acres of Land: Ample space for your dream home and more.
    • Multiple Homesites: Choose the perfect spot to build.
    • Mature Hardwood Trees and Rolling Hills: Enjoy the scenic beauty.
    • Excellent Hunting Opportunities and Abundant Wildlife: Ideal for outdoor adventures.
    • Located in Oconee County's Number 1 School District: Great for families.
    • Quiet Surroundings and Peaceful Country Living: Escape to tranquility.

    Overview

    This large tract of land, totaling 37.05 acres, offers a blend of natural beauty and peaceful country living. The property features mature hardwood trees and gently rolling hills, providing multiple homesites suitable for building a dream home, a private retreat, or multi-generational living. The surroundings are quiet, with abundant wildlife and excellent hunting opportunities, making it ideal for outdoor enthusiasts. This land provides space and serenity, embracing the best of rural living. There are several home sites to choose from. The property is located in the Oconee County School District. Soil survey and recent survey are on file. The listing is for Tracts 2, 3, and 4 combined. The tax IDs are A 10 021B, A 10 021C, and A 10 021D.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.4064209
    Latitude
    33.7339142

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Large tract of land with mature trees and rolling hills.
    Where is this agricultural land / farmland located?
    The property is located at Old Salem Rd Watkinsville, GA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 37 Acres of Land: Ample space for your dream home and more.; Multiple Homesites: Choose the perfect spot to build.; Mature Hardwood Trees and Rolling Hills: Enjoy the scenic beauty.
    (706) 215-5479
    We can help!
    Listing Contact
    Eleshea Borders
    Real Estate License ID: 392769
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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.

    More about this property
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