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    2056 Pitts Chapel Rd Newborn, GA 30056

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    2056 Pitts Chapel Rd Newborn, GA 30056

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    • Commercial real estate
    • 37.50 lot acres
    Off-Market
    Property ID
    US22-1925132
    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

    • Commercial real estate

    Property Details for 2056 Pitts Chapel Rd

    Lot size
    37.50 lot acres
    Property type
    Commercial real estate
    APN
    005 125

    Description

    This exceptional 37.5-acre property in Newborn, Georgia, presents a unique opportunity for diverse uses. Located at 2056 Pitts Chapel Rd, Jasper County, this fee-simple land boasts a gentle topography and over 750 feet of road frontage. Zoned AG, it offers significant potential for agricultural pursuits, establishing a farm, or creating a recreational haven. Its convenient location, just 10 minutes from Mansfield and Newborn, provides easy access to local amenities while remaining secluded enough for a peaceful retreat. Outdoor enthusiasts will appreciate the proximity to the Charlie Elliot Wildlife Center, Newborn Park, Fox Vineyard & Winery, and Lake Margery, making it ideal for hunting and enjoying the natural beauty of the area. The property's ample acreage also allows for the development of multiple homesites, catering to those seeking a country estate or a private residential setting. The APN is 005 125, and the zip code is 30056. This land offers a blend of convenience and tranquility, making it an attractive investment for a variety of purposes. The property is approximately 20 minutes from I-20, providing convenient access to major transportation routes.

    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
    Newborn
    County
    Jasper
    State
    Georgia
    Longitude
    -83.679516
    Latitude
    33.469183

    Comparable in this City

    • $259,900
      0.27 Acres

      Residential Lot in Newborn, GA

      Level residential lot in the heart of Newborn, Georgia.
      101 Fulton St, Newborn, GA 30056
      View Details
    • $225,000
      11,000 SF

      Newborn, GA Commercial Property

      Historic Industrial Building, High Potential
      4181 Highway 142, Newborn, GA 30056
      View Details
    • $225,000
      11,000 SF

      Historic Industrial Buildings For Sale

      Two industrial buildings totaling 11,000 SF in Newborn, Georgia.
      4181 Highway 142, Newborn, GA 30056
      View Details
    • New
      $225,000
      Pending

      Historic Industrial Buildings in Newborn

      Two industrial buildings totaling 11,000 SF on 1.17 acres.
      4181 Highway 142, Newborn, GA 30056
      View Details
    • $225,000

      Industrial Buildings with Silo

      Two industrial buildings totaling 11,000 SF with silo.
      4181 Highway 142, Newborn, GA 30056
      View Details
    • $780,000
      2.00 Acres

      Newborn, GA Investment Opportunity

      Six income-producing units on one parcel in a rural setting.
      4434 Highway 142, Newborn, GA 30056
      View Details

    Similar Nearby for Sale

    • $259,900
      0.27 Acres

      Residential Lot in Newborn, GA

      Level residential lot in the heart of Newborn, Georgia.
      101 Fulton St, Newborn, GA 30056
      View Details
    • $225,000
      11,000 SF

      Newborn, GA Commercial Property

      Historic Industrial Building, High Potential
      4181 Highway 142, Newborn, GA 30056
      View Details
    • $225,000
      11,000 SF

      Historic Industrial Buildings For Sale

      Two industrial buildings totaling 11,000 SF in Newborn, Georgia.
      4181 Highway 142, Newborn, GA 30056
      View Details
    • New
      $225,000
      Pending

      Historic Industrial Buildings in Newborn

      Two industrial buildings totaling 11,000 SF on 1.17 acres.
      4181 Highway 142, Newborn, GA 30056
      View Details
    • $225,000

      Industrial Buildings with Silo

      Two industrial buildings totaling 11,000 SF with silo.
      4181 Highway 142, Newborn, GA 30056
      View Details
    • $780,000
      2.00 Acres

      Newborn, GA Investment Opportunity

      Six income-producing units on one parcel in a rural setting.
      4434 Highway 142, Newborn, GA 30056
      View Details
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    Newborn, GA 30056
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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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