Property profile

3905 Ga-138 Covington, GA 30014

OFF-MARKET
Land
73.97 ac lot
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Property summary

AI-generated overview

This exceptional 73.97-acre property in Walton County, Georgia, presents a unique investment opportunity. Located on GA Highway 138, near Walnut Grove, it boasts 955 linear feet of road frontage and a 1-lane gravel driveway. Zoned A-1, Rural Estate, this diverse tract offers a blend of open and heavily wooded areas, including a perennial creek. Previous use as an organic farm leaves behind existing infrastructure such as irrigation wells, greenhouse framing, storage sheds, and a 960-square-foot wood frame structure (shell only). The rolling terrain supports various uses, including residential development (single-family homes or estates), agriculture, and recreation. Subject to rezoning, commercial development is also possible. The property's location offers easy access to major roadways like GA Highway 81 and US Highway 78, connecting to shopping and employment centers. It's situated within the Walnut Grove school district, approximately 11 miles northeast of Covington and 32 miles east of downtown Atlanta. The property is shown by appointment only

Property profile

Verified
Property type Land
Lot 73.97 ac (3,222,133 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3905 Ga-138 Covington, GA 30014
Covington metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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