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    183 Madden Rd Bowdon, GA 30108
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    183 Madden Rd Bowdon, GA 30108

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    • Recreation land
    Off-Market
    Property ID
    US22-1145144
    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

    • Recreation land

    Property Details for 183 Madden Rd

    Property type
    Recreation land
    Property subtype
    Waterfront Land

    Description

    This beautiful 164-acre estate has everything you could desire! The house boasts 5 bedrooms and 5.5 baths, with hardwood floors throughout. The main level features a master suite with a fireplace, while upstairs you'll find 4 additional bedrooms and a covered porch overlooking the lake. Enjoy your morning coffee on the screened-in porch. The large barn includes separate bathrooms, perfect for entertaining, a man cave, or workshop space. Outdoor enthusiasts will love the opportunities for fishing, skiing, and hunting right on the property. Step outside to discover over a mile of lake frontage with a private boat dock featuring three slips. Private ATV trails provide all-day entertainment, making this property a true paradise. And that's just the beginning of what this estate has to offer!

    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
    Bowdon
    County
    Carroll
    State
    Georgia
    Longitude
    -85.235061
    Latitude
    33.5764639

    Comparable in this City

    • $101,400
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      Bowdon, GA Wooded Lot

      8.45 acre wooded lot convenient to Bowdon and Alabama.
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    • New
      $105,000
      4.00 Acres

      Bowdon, GA - 4 Acre Tract

      4-acre tract ready for construction near W Highway 166.
      1820 Highway 166 W, Bowdon, GA 30108
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    • $115,000
      4.77 Acres

      Bowdon, GA Land Opportunity

      4.77 acres in Bowdon, ready for your dream home.
      380 Ayers Rd, Bowdon, GA 30108
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    • $1,188,000
      11.00 Acres

      Bowdon Commercial Property For Sale

      Two buildings on 11 acres with highway frontage.
      1385 Highway 166 East, Bowdon, GA 30108
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    • $83,000
      4.15 Acres

      Bowdon, GA Land For Sale

      4.15-acre lot with stream, pastureland, and hardwoods.
      Attaway Rd Tract 4.15 Acres, Bowdon, GA 30108
      View Details
    • New
      $115,000
      5.06 Acres

      Bowdon, GA - 5 Acre Tract

      5-acre tract ready for construction with water and power.
      1840 Highway 166 W, Bowdon, GA 30108
      View Details

    Similar Nearby for Sale

    • $101,400
      8.45 Acres

      Bowdon, GA Wooded Lot

      8.45 acre wooded lot convenient to Bowdon and Alabama.
      Sandy Flat Rd, Bowdon, GA 30108
      View Details
    • New
      $105,000
      4.00 Acres

      Bowdon, GA - 4 Acre Tract

      4-acre tract ready for construction near W Highway 166.
      1820 Highway 166 W, Bowdon, GA 30108
      View Details
    • $115,000
      4.77 Acres

      Bowdon, GA Land Opportunity

      4.77 acres in Bowdon, ready for your dream home.
      380 Ayers Rd, Bowdon, GA 30108
      View Details
    • Contact for pricing

      Acre Available in Downtown Bowdon

      One acre of commercial land for sale in Bowdon, GA.
      144 City Hall Ave, Bowdon, GA 30108
      View Details
    • $155,000

      Bowdon Industrial Land For Sale

      Industrial zoned land with all utilities in downtown Bowdon.
      144 City Hall Ave, Bowdon, GA 30108
      View Details
    • $155,000

      Bowdon Industrial Land For Sale

      Industrial land available in downtown Bowdon, Georgia.
      144 City Hall Ave, Bowdon, GA 30108
      View Details
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    183 Madden Rd
    Bowdon, GA 30108
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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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