Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Heavily Wooded Lot Near Lake Title is generated by Realmo AI

    LT.516 OVERLAND TRL., Sparta, GA 31087

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Sparta, GA

    Lot size:
    0.60 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    89
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for LT.516 OVERLAND TRL.

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.60 Acres

    We can help!

    Listing Contact
    Myron Miller

    Listing agent Myron Miller License #315917

    Listing office Re/Max Eagle Creek - Sparta 6831 Carrs Station Rd, Statesboro, GA

    Listing date Mar 9, 2026

    MLS# 56502 Listing URL

    Copyright © 2026 Milledgeville 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

    • Great lot to build your dream home.
    • Heavily wooded lot offering privacy.
    • Lake Sinclair access nearby.
    • Boat ramp access nearby for easy lake enjoyment.
    • Off water lot.
    • Save big on this opportunity.

    Overview

    This 0.6-acre lot is heavily wooded and located near Lake Sinclair. A boat ramp provides lake access. The property is located in Sparta, Georgia.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Sparta
    County
    Hancock
    State
    Georgia
    Longitude
    -83.252518
    Latitude
    33.2092832

    Nearby Similar for Sale

    • $700,000

      Sparta Motel on Augusta Highway

      Family-run motel with renovated rooms and expansion potential.
      12730 Augusta Highway, Sparta, GA 31087
      View Details
    • $700,000

      Renovated Motel on Augusta Highway

      Family-run motel with renovated rooms and expansion potential.
      12730 Augusta Highway, Sparta, GA 31087
      View Details
    • $350,000
      2,000 SF

      Agricultural Land with Metal Building

      22.46 acres in Sparta, GA with metal building.
      1339 Jones Chapel Road, Sparta, GA 31087
      View Details
    • $350,000
      2,000 SF

      Agricultural Land with Metal Building

      22.46 acres in Sparta, GA with utilities in place.
      1339 Jones Chapel Road, Sparta, GA 31087
      View Details
    • $244,000

      Lake Sinclair Waterfront Land

      Lakefront lot with seawall, utilities, and potential for boathouse.
      201 Chickasaw Trl., Sparta, GA 31087
      View Details
    • $449,000

      Lake Sinclair Waterfront Land

      Lakefront lot with deep water access and community amenities.
      116 S Emerald Way, Sparta, GA 31087
      View Details
    • $145,000

      Lake Sinclair Waterfront Lot

      1.67-acre waterfront lot in Holiday Shores community, Sparta, GA.
      0 WOODLAND WAY, Sparta, GA 31087
      View Details
    • $145,000

      Waterfront Lot in Holiday Shores

      1.67 acre waterfront lot with gentle slope in Sparta.
      Woodland Way, Sparta, GA 31087
      View Details
    • $285,000

      Lake Sinclair Waterfront Land

      Lakefront lot with over 200 feet of water frontage.
      Sugar Bear Rd lot: 4, Sparta, GA 31087
      View Details
    • $600,100

      Hancock County Hunting and Recreational Land

      137.99 acres of prime hunting and recreational land.
      E Broad Street, Sparta, GA 31087
      View Details
    • $8,500

      Lake Access Vacant Lot Opportunity

      Build-ready vacant land in a lake-access community with deeded boat ramp access and waterfront-oriented amenities.
      Jamesway Drive lot: 162, Sparta, GA 31087
      View Details
    • $15,000

      Wooded Acreage Near Lake Sinclair

      1.02 acre lot with community amenities near Lake Sinclair.
      0 LOT 204 Jamesway Drive, Sparta, GA 31087
      View Details

    FAQs

    What type of property is this?
    Land - 0.6 acre wooded lot with lake access near Sparta.
    Where is this land located?
    The property is located at LT.516 OVERLAND TRL. Sparta, 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: Great lot to build your dream home.; Heavily wooded lot offering privacy.; Lake Sinclair access nearby.
    (478) 451-9999
    We can help!
    Listing Contact
    Myron Miller
    Real Estate License ID: 315917
    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
    LT.516 OVERLAND TRL., Sparta, GA 31087
    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!