Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Old Riv Rd Meldrim, GA 31302
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Old Riv Rd Meldrim, GA 31302

    View on Map
    • Land
    • 48.70 lot acres
    For Sale
    $5,200,000
    View Listing →
    Meldrim Industrial Land - 48 Acres For Sale
    $5,200,000

    Meldrim Industrial Land - 48 Acres

    Prime I-16 location, 48 acres, light industrial zoning.

    0 Old Riv Rd, Meldrim, GA 31302
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Old Riv Rd

    Lot size
    48.70 lot acres
    Property type
    Land

    Description

    This exceptional 48.7-acre parcel of land presents a remarkable opportunity for industrial development. Strategically located right off Interstate 16 and Old River Road in Bloomingdale, Georgia (zip code 31302), this property boasts convenient access to major transportation arteries. The land is zoned for Light Industrial use, offering versatility for a range of projects. A significant portion of the acreage, specifically 30.6 acres, consists of upland land, ideal for construction and development. The property's APN is 0305A-00000. This prime location makes it particularly suitable for industrial development, a truck terminal, or a truck stop, capitalizing on the high traffic volume and accessibility of the I-16 corridor. The asking price for this expansive property is $5,200,000. This represents a compelling investment opportunity in a rapidly growing area. Don't miss the chance to secure this exceptional piece of land for your next venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Meldrim
    County
    Effingham
    State
    Georgia
    Longitude
    -81.3862
    Latitude
    32.1266

    Comparable in this City

    • Value Estimation by Request
      76.02 Acres

      0/662 Godley Rd

      Land • 76.02 Acres
      0/662 Godley Rd, Bloomingdale, GA 31302
      View Details
    • Value Estimation by Request
      2.72 Acres

      2933 Little Neck Rd

      Land • 2.72 Acres
      2933 Little Neck Rd, Bloomingdale, GA 31302
      View Details
    • Value Estimation by Request
      1.53 Acres

      & I-16 Little Neck Rd

      Land • 1.53 Acres
      & I-16 Little Neck Rd, Savannah, GA 31302
      View Details
    • Value Estimation by Request

      2500 Fort Argyle Rd

      Land
      2500 Fort Argyle Rd, Bloomingdale, GA 31302
      View Details
    • Value Estimation by Request
      30.00 Acres

      3701 Highgate Blvd

      Land • 30.00 Acres
      3701 Highgate Blvd, Bloomingdale, GA 31302
      View Details
    • Value Estimation by Request
      20.12 Acres

      Old Riv Rd

      Land • 20.12 Acres
      0 Old Riv Rd, Meldrim, GA 31302
      View Details

    Similar Nearby for Sale

    • $5,200,000
      48.70 Acres

      Meldrim Industrial Land - 48 Acres

      Prime I-16 location, 48 acres, light industrial zoning.
      0 Old Riv Rd, Meldrim, GA 31302
      View Details
    • New
      $79,900
      1.17 Acres

      Bloomingdale Land Near I-95

      1.17-acre lot in Bloomingdale, GA, near I-95.
      145 Middle Landing Rd, Bloomingdale, GA 31302
      View Details
    • $6,500,000
      31.31 Acres

      Prime Highway 80 Commercial Land

      31 Acres, High Visibility, Rezoning Potential
      2565 Us 80 Hwy, Bloomingdale, GA 31302
      View Details
    • $1,750,000
      5.00 Acres

      Prime Bloomingdale Development Land

      10 Acres, US Hwy 80 Frontage
      Us 80 Hwy, Bloomingdale, GA 31302
      View Details
    • Contact for pricing

      Prime Commercial Land Near I-16

      20.12 acres of commercial land with development potential.
      Old River Rd, Bloomingdale, GA 31302
      View Details
    • $800,000
      2.48 Acres

      Bloomingdale Industrial Development Opportunity

      2.48 acres in Bloomingdale's expanding industrial corridor.
      1726 Pine Barren Rd, Bloomingdale, GA 31302
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,144 SF

      Bloomingdale Office Space For Rent

      Office space in a rapidly redeveloping area of Bloomingdale.
      1308 E Us Highway 80, Bloomingdale, GA 31302
      View Details
    • Contact for pricing

      Commercial Property in Bloomingdale, GA

      Commercial property available for rent in Bloomingdale, Georgia.
      1560 Pine Barren Rd, Bloomingdale, GA 31302
      View Details
    • Contact for pricing
      153,170 SF

      Bloomingdale Industrial Space Available

      153,170 SF industrial space with ample trailer parking.
      610 Bloomingdale Rd, Bloomingdale, GA 31302
      View Details
    • $23 SF/Yr
      2,276 SF

      Highway 80 Commercial Building

      Renovated commercial building on a corner lot with high visibility.
      406 E Us Highway 80, Bloomingdale, GA 31302
      View Details
    • Contact for pricing
      860,850 SF

      Jimmy Deloach Pkwy

      Flex space
      0 Jimmy Deloach Pkwy, Bloomingdale, GA 31302
      View Details
    • Contact for pricing

      New Class A Warehouse Space

      New warehouse with dual rail access and expansive trailer parking.
      1085 Old River Rd, Bloomingdale, GA 31302
      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.
    Old Riv Rd
    Meldrim, GA 31302
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!