Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    129 31.9 Hwy Statenville, GA 31636
    Property profile & analytics

    129 31.9 Hwy, Statenville, GA 31636

    View on Map
    • Land
    • 31.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 129 31.9 Hwy

    Lot size
    31.90 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 31.9-acre property, located at 31.9 S Hwy 129 in Lake Park, Georgia (zip code 31636), presents a unique opportunity. Situated in Lowndes County, this agricultural land boasts 660 feet of paved state highway frontage, offering excellent accessibility. The property features a spacious front field of approximately 22 acres, perfect for building a home or placing a mobile home, with an additional 9.9 acres of planted slash pine behind it. Electricity is available via Slash Pine EMC. The land is fenced, providing security and defining boundaries. The property's eastern exposure maximizes sunlight. With a depth of 2800 feet, this parcel offers ample space for various uses, including outdoor recreation. The convenient location near the Echols County School system adds to its appeal. Priced at $229,900, this is an excellent investment opportunity for those seeking a tranquil rural setting with easy access to essential amenities. The land is classified as a farm/plantation acreage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Statenville
    County
    Lowndes
    State
    Georgia
    Longitude
    -83.1005
    Latitude
    30.7355

    Comparable in this City

    • Value Estimation by Request
      9.00 Acres

      41 Highway Ln

      Farms
      41 Highway Ln, Valdosta, GA 31636
      View Details
    • Value Estimation by Request
      10.09 Acres

      10.089 Indian Cp Rd

      Farms
      0 10.089 Indian Cp Rd, Statenville, GA 31636
      View Details
    • Value Estimation by Request
      2.72 Acres

      Pikes Pond Rd

      Land
      0 Pikes Pond Rd, Lake Park, GA 31636
      View Details
    • Value Estimation by Request
      13.41 Acres

      Hidden Oaks Blvd

      Land
      0 Hidden Oaks Blvd, Lake Park, GA 31636
      View Details
    • Value Estimation by Request
      0.50 Acres

      14 Cypress Lake Dr

      Land
      14 Cypress Lake Dr, Lake Park, GA 31636
      View Details
    • Value Estimation by Request
      738.65 Acres

      1800 Ga-135

      Agricultural land / Farmland
      1800 Ga-135, Lake Park, GA 31636
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Wooded Acre in Lake Park

      One-acre wooded lot zoned E-A in South Lowndes County.
      3869 Shelton Rd, Lake Park, GA 31636
      View Details
    • $2,150,000
      2.02 Acres

      Lake Park Commercial Land Available

      Commercial land near I-75 with existing utilities and signage.
      1088 Lakes Blvd, Lake Park, GA 31636
      View Details
    • New
      $899,000
      0.47 Acres

      Waterfront Lot on Long Pond

      Waterfront lot with 198 feet of frontage on Long Pond.
      Marion Ave, Lake Park, GA 31636
      View Details
    • $45,000
      0.41 Acres

      Waterfront Wooded Land in Lake Park

      0.41-acre waterfront property offering privacy and natural beauty.
      5003 Oak Hill Dr, Lake Park, GA 31636
      View Details
    • $150,000
      1.57 Acres

      Lakefront Buildable Lot

      Lakefront lot in Southern Lowndes County with water rights.
      5535 Timberwind Cir, Lake Park, GA 31636
      View Details
    • Contact for pricing

      Land Near I-75 For Sale

      Commercial land with billboards and three-phase power near I-75.
      1088 Lakes Blvd, Lake Park, GA 31636
      View Details
    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.
    129 31.9 Hwy
    Statenville, GA 31636
    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
    129 31.9 Hwy, Statenville, GA, 31636
    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!