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    131 Bowden Rd Ellenwood, GA 30294
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    131 Bowden Rd Ellenwood, GA 30294

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    • Residential land & home lots
    • 2,100 SF
    For Sale
    $1,200,000
    View Listing →
    Ellenwood 23-Acre Estate Parcel For Sale
    $1,200,000
    2,275 SF

    Ellenwood 23-Acre Estate Parcel

    23 acres in developing area, ideal for multiple uses.

    131 Bowden Road, Ellenwood, GA 30294
    View Listing
    Property ID
    US22-4481240
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 131 Bowden Rd

    Year built
    1980
    Property size
    2,100 SF
    Property type
    Residential land & home lots
    Property subtype
    Nursing homes

    Description

    23 Acre Estate parcel in the heart of the quickly developing area of Ellenwood just off of exit 2 on I-675. It is currently zoned RA but is zoned Mixed Use on the Henry County Future Land Use Map. This 23 Acres currently touches a parcel with newly built apartments on one corner, a subdivision on the other corner and adjacent to Morrow High School. May be great space for townhomes or additional apartments. The wonderful family home on the property could be ideal for a care facility, nursing home, etc because of the enourmous amount of space that the family room, dining room, hallway and 2 bedrooms boast. All areas of the living space are handicap accessible. The 2 full bathrooms are attached to the bedrooms and have grab bars installed. Also on the property is a detached garage/flex space that would be ideal for many different uses. Views from the back of the property are picture perfect looking out over a 5+ acre lake on the neighboring property. Less than 1 mile to the E. Atlanta/Fairview Rd. intersection and less than 2 miles to the Panola Rd./Fairview Rd. intersection. This property is ideal for so many uses. Appointment only. Schedule your appointment to take a look.

    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
    Ellenwood
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.26072
    Latitude
    33.61637

    Comparable in this City

    • $1,200,000
      23.00 Acres

      Ellenwood 23-Acre Estate Parcel

      23 acres in developing area, ideal for multiple uses.
      131 Bowden Rd, Ellenwood, GA 30294
      View Details
    • $550,000
      1.43 Acres

      Prime Commercial Land in Ellenwood, GA

      1.43 acres of GB-zoned land with high visibility.
      2892 Rex Rd, Ellenwood, GA 30294
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    • $1,500,500
      2.50 Acres

      Ellenwood Mixed-Use Development Opportunity

      2.5-acre mixed-use property near retail and medical district.
      468 Fairview Rd, Ellenwood, GA 30294
      View Details
    • $294,999
      2,570 SF

      Commercial Property Near Interstate

      Mixed-use property suitable for investors or small business owners.
      5252 Bouldercrest Rd, Ellenwood, GA 30294
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    • $1,400,000
      1.30 Acres

      1.3 AC Land For Sale

      1.3 AC Land For Sale
      2762 River Road, Ellenwood, GA 30294
      View Details
    • $59,500
      0.71 Acres

      Residential Land in Ellenwood, GA

      Land with potential for residential development in Ellenwood, Georgia.
      3702 Upton Ct, Ellenwood, GA 30294
      View Details

    Similar Nearby for Sale

    • $1,200,000
      23.00 Acres

      Ellenwood 23-Acre Estate Parcel

      23 acres in developing area, ideal for multiple uses.
      131 Bowden Rd, Ellenwood, GA 30294
      View Details
    • $550,000
      1.43 Acres

      Prime Commercial Land in Ellenwood, GA

      1.43 acres of GB-zoned land with high visibility.
      2892 Rex Rd, Ellenwood, GA 30294
      View Details
    • $1,500,500
      2.50 Acres

      Ellenwood Mixed-Use Development Opportunity

      2.5-acre mixed-use property near retail and medical district.
      468 Fairview Rd, Ellenwood, GA 30294
      View Details
    • $294,999
      2,570 SF

      Commercial Property Near Interstate

      Mixed-use property suitable for investors or small business owners.
      5252 Bouldercrest Rd, Ellenwood, GA 30294
      View Details
    • $1,400,000
      1.30 Acres

      1.3 AC Land For Sale

      1.3 AC Land For Sale
      2762 River Road, Ellenwood, GA 30294
      View Details
    • $59,500
      0.71 Acres

      Residential Land in Ellenwood, GA

      Land with potential for residential development in Ellenwood, Georgia.
      3702 Upton Ct, Ellenwood, GA 30294
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      162,009 SF

      Ellenwood Warehouse Space Available

      162,009 square foot warehouse space for lease in Ellenwood.
      2063 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Anvilblock Road Retail Outparcel

      Retail outparcel near I-675 and major retailers.
      2900 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      571,517 SF

      Spacious Warehouse with Extensive Loading Docks

      Large warehouse featuring 103 loading docks and ample parking.
      2065 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Retail Center Near I-675

      Retail center in Ellenwood, GA, near I-675.
      3056 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Retail Spaces in Multifamily Development

      Two retail spaces for lease in a new development.
      4039 W Village Pkwy, Ellenwood, GA 30294
      View Details
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    Ellenwood, GA 30294
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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.

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    131 Bowden Rd, Ellenwood, GA, 30294
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