Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Lot in Monroe County Title is generated by Realmo AI

    Rivers Edge Drive lot 40, Forsyth, GA 31029

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Forsyth, GA

    Lot size:
    2.03 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    146
    Last Refresh:
    May 31 at 6:06 pm

    Property Features for Rivers Edge Drive lot 40

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    038A040
    Lot size
    2.03 Acres

    We can help!

    Listing Contact
    Matt Gilbert
    Matt Gilbert

    Listing agent Matt Gilbert License #343016

    Listing office New Atlantic Realty Group Inc. 2918 Riverside Drive, Macon, GA

    Listing date Jan 5, 2026

    MLS# 182623 Listing URL

    Copyright © 2026 Mid Georgia 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

    • Large 2‑acre wooded lot in a private cul‑de‑sac.
    • Approved for a conventional septic system by Monroe County Health Department.
    • Ready to build; soil map available.
    • Suitable for a basement home due to the sloped lot.
    • Overlooks a small creek.
    • Located in a covenant subdivision with nice homes.

    Overview

    This is a 2.03-acre wooded building lot located in Monroe County. Situated on a private cul-de-sac, the sloped lot overlooks a small creek, making it suitable for a basement home. The property features large oak trees and a mountain-like setting. It is located in a covenant subdivision with established homes. A soil map is available, and the property is approved for a conventional septic system per the Monroe County Health Department.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Forsyth
    County
    Monroe
    State
    Georgia
    Longitude
    -83.957226
    Latitude
    33.118997

    Nearby Similar for Sale

    • $675,000
      3,000 SF

      Forsyth Commercial Property For Sale

      Versatile commercial property in Forsyth with high visibility and parking.
      102 E Johnston Street, Forsyth, GA 31029
      View Details
    • $475,000

      Forsyth, GA Development Lot

      3.57 acre commercial/multi-family development lot with utilities available.
      Patrol Road, Forsyth, GA 31029
      View Details
    • $290,000

      Forsyth, GA Land Opportunity

      4.05 acre homesite in gated community with river frontage.
      River Overlook, Forsyth, GA 31029
      View Details
    • $59,000

      Forsyth, GA Building Lot

      1.33 acre building lot in gated community.
      120 Heights Avenue, Forsyth, GA 31029
      View Details
    • $69,000

      Residential Lot in Gated Community

      1.27 acre building lot in River Forest, Forsyth, GA.
      111 Gardens Drive, Forsyth, GA 31029
      View Details
    • $175,000

      Land in Gated Monroe County

      7.34 acre gated property with creek near Forsyth, GA.
      537 Zellner Road, Forsyth, GA 31029
      View Details
    • $595,000

      Forsyth Commercial Lot For Sale

      1.79-acre commercial lot with high visibility and versatile use.
      Benson Ham Road, Forsyth, GA 31029
      View Details
    • $525,000

      Commercial Lot Near I-75

      2.33-acre commercial lot in high-traffic area near I-75.
      Benson Ham Road, Forsyth, GA 31029
      View Details
    • $78,500

      Forsyth, GA Building Lot

      2.93 acre building lot in gated community.
      114 Gardens Drive, Forsyth, GA 31029
      View Details
    • $67,500

      Residential Lot in Gated Community

      1.54 acre building lot in River Forest, Forsyth, GA.
      102 Gardens Drive, Forsyth, GA 31029
      View Details
    • $1,900,000

      Forsyth, GA Land Opportunity

      380+ acre property with trails, fencing, timber, and pasture.
      449 McMullen Road, Forsyth, GA 31029
      View Details
    • $10,935,000

      Prime Commercial Land in Forsyth

      14.58 acres on GA Hwy 41 S, Forsyth, GA
      Highway 41, Forsyth, GA 31029
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private 2-acre wooded lot ready for building.
    Where is this residential land & home lot located?
    The property is located at Rivers Edge Drive lot 40 Forsyth, 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: Large 2‑acre wooded lot in a private cul‑de‑sac.; Approved for a conventional septic system by Monroe County Health Department.; Ready to build; soil map available.
    (478) 808-5733
    We can help!
    Listing Contact
    Matt Gilbert
    Matt Gilbert
    Real Estate License ID: 343016
    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
    Rivers Edge Drive lot: 40, Forsyth, GA 31029
    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!