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    00 Wilma Edwards Rd Ellabell, GA 31308

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    00 Wilma Edwards Rd Ellabell, GA 31308

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    • Land
    • 59.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 00 Wilma Edwards Rd

    Lot size
    59.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 59-acre property in Bryan County, Georgia, presents a remarkable investment opportunity. Located near the Hyundai Meta Plant in Ellabell (zip code 31308), this land boasts a strategic location, offering easy access to Pembroke, Statesboro, and Savannah. Currently zoned AR-5, the property is ideally situated for a variety of development projects, as indicated by Bryan County's land use plan designating the area for emerging suburban use. Potential uses include single-family and multi-family residential, parks and recreation, neighborhood and highway commercial, and mixed-use commercial developments. The property's proximity to the Brewton Acres Subdivision, a county recreation center, and the Black Creek Golf Course further enhances its appeal. Detailed delineation is available. The asking price is $4,130,000. The property's APN is 019-061. Its location is just 2.3 miles from US Highway 280, making it easily accessible. While rezoning may be required to fully realize its potential, this land offers superior location and excellent potential for residential development, making it a compelling investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ellabell
    County
    Bryan
    State
    Georgia
    Longitude
    -81.5326
    Latitude
    32.1843

    Comparable in this City

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      50.00 Acres

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      24.00 Acres

      0000 Us-80

      Farms • 24.00 Acres
      0000 Us-80, Ellabell, GA 31308
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    • Value Estimation by Request
      50.22 Acres

      7309 Us-280

      Farms • 50.22 Acres
      7309 Us-280, Ellabell, GA 31308
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    • Value Estimation by Request
      171.00 Acres

      641 Us-80

      Farms • 171.00 Acres
      641 Us-80, Ellabell, GA 31308
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    • Value Estimation by Request
      102.30 Acres

      Us-80

      Land • 102.30 Acres
      0 Us-80, Ellabell, GA 31308
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    • Value Estimation by Request
      15.83 Acres

      4818 Us-80

      Multifamily properties • 15.83 Acres
      4818 Us-80, Ellabell, GA 31308
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    Similar Nearby for Sale

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      102.30 Acres

      102 Acres Near Hyundai Plant

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    • $1,145,000
      65.47 Acres

      Versatile Land with Residential Features

      65.47 acres in Ellabell, GA, with homes and amenities.
      614-670 Pleasant Church Hl Rd, Ellabell, GA 31308
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    • New
      $3,470,000
      1 SF

      Mobile Home Community Near Hyundai

      Fully occupied mobile home community near Hyundai EV plant.
      8466 Us Highway 280 E, Ellabell, GA 31308
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    • Contact for pricing

      Highway 280 Development Opportunity

      Prime land for development near Hyundai Metaplant and I-16.
      7309 Us Highway 280 E, Ellabell, GA 31308
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      Highway 280 Industrial Land Parcel

      Light industrial land near Hyundai plant with highway visibility.
      12288 Us Highway 280, Ellabell, GA 31308
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    • $250,000
      1,240 SF

      Ellabell Commercial Property For Sale

      Half-acre commercial property near Hyundai plant, zoned B-2.
      5155 Wilma Edwards Rd, Ellabell, GA 31308
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    Similar Nearby for Lease

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      480,000 SF

      North Bryan County Build-to-Suit

      480,000 SF build-to-suit near Port of Savannah.
      Jernigan Rd, Ellabell, GA 31308
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      Interstate Access Near Hyundai Metaplant

      Located near Hyundai Metaplant with excellent interstate access.
      Logistics Dr, Ellabell, GA 31308
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    • Contact for pricing

      Available Industrial Space in Ellabell

      450,000 SF industrial space with excellent transportation connectivity.
      550 Westport Blvd, Ellabell, GA 31308
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    Ellabell, GA 31308
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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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