Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sr 96 Bonaire, GA 31005
    Back to Search
    Property profile & analytics

    Sr 96 Bonaire, GA 31005

    View on Map
    • Land
    • 5.58 lot acres
    For Sale
    View Listing →
    Bonaire Land: Highway 96 Acreage For Sale
    Contact for pricing

    Bonaire Land: Highway 96 Acreage

    5.58 Acres, Highway 96 Frontage

    0 Sr 96, Bonaire, GA 31005
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sr 96

    Lot size
    5.58 lot acres
    Property type
    Land

    Description

    This exceptional 5.58-acre parcel of residential land is ideally situated in Bonaire, Georgia, boasting 715 feet of frontage along Highway 96. The property is conveniently located between Peach Blossom Road and Bonanza Drive, offering easy access to a wealth of amenities. Residents will appreciate the proximity to popular restaurants, retail establishments, and grocery stores such as Kroger and Publix. Families will find the location particularly appealing, with Houston County High School and Rigby's nearby. The land presents a significant development opportunity given its size and prime location. The asking price is $250,000 per acre. The property's address is SR 96, Bonaire, GA 31005, within Houston County. Its GPS coordinates are latitude 32.555213 and longitude -83.646346. This is a rare opportunity to acquire a substantial tract of land in a thriving Georgia community. The property is zoned for residential use. Further details are available upon request. A marketing video is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonaire
    County
    Houston
    State
    Georgia
    Longitude
    -83.6463
    Latitude
    32.5552

    Comparable in this City

    • Value Estimation by Request
      37.59 Acres

      Azalea Ave & Davidson Rd

      Land • 37.59 Acres
      0 Azalea Ave & Davidson Rd, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      0.52 Acres

      416 Bonaire Ga Usa

      Land • 0.52 Acres
      416 Bonaire Ga Usa, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      1.00 Acre

      314 Ammons Rd

      Land • 1.00 Acre
      314 Ammons Rd, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      39.30 Acres

      247 Hwy

      Land • 39.30 Acres
      247 Hwy, Kathleen, GA 31005
      View Details
    • Value Estimation by Request
      23.80 Acres

      Robert Bryson Smith Pkwy

      Multifamily properties • 23.80 Acres
      0 Robert Bryson Smith Pkwy, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      3.70 Acres

      96 & Houston Lk Rd

      Land • 3.70 Acres
      96 & Houston Lk Rd, Bonaire, GA 31005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39.30 Acres

      Hwy 247 Commercial Land - Georgia

      39.3 Acres, High-Growth Area, Hwy 96 Access
      0 Hwy 247, Kathleen, GA 31005
      View Details
    • Contact for pricing
      5.58 Acres

      Bonaire Land: Highway 96 Acreage

      5.58 Acres, Highway 96 Frontage
      0 Sr 96, Bonaire, GA 31005
      View Details
    • $68,999

      Land for Sale in Bonaire

      Land lot available in Bonaire, Georgia.
      236 Tidwell Rd, Bonaire, GA 31005
      View Details
    • $83,999

      Land For Sale in Bonaire

      Land available in Bonaire, Georgia.
      202 Rustic Live Oak Trl, Bonaire, GA 31005
      View Details
    • Contact for pricing

      Land Tracts Near Highway

      Two land tracts totaling 37.59 acres near highway.
      Azalea Ave & Davidson Rd, Warner Robins, GA 31005
      View Details
    • Contact for pricing

      Warner Robins Land Parcel

      14.42 acre parcel in growing Warner Robins area.
      96/Peach Blossom Hwy, Warner Robins, GA 31005
      View Details
    View Listing
    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.
    Sr 96
    Bonaire, GA 31005
    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
    Sr 96, Bonaire, GA, 31005
    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!