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    2345 Eldora Rd Ellabell, GA 31308

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    2345 Eldora Rd Ellabell, GA 31308

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    • Commercial land
    For Sale
    $650,000
    View Listing →
    Land Parcel Zoned Residential For Sale
    $650,000

    Land Parcel Zoned Residential

    Residential zoned land suitable for commercial development.

    2345 Eldora Rd, Ellabell, GA 31308
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    Property ID
    US22-2337977
    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 land

    Property Details for 2345 Eldora Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    This parcel is currently zoned residential. According to Bryan County's land use plan, the area is designated for emerging suburban use, making it suitable for various land applications including Single-Family and Multi-Family Residential, Parks & Recreation, Neighborhood and Hwy Commercial, as well as Mixed-Use Commercial developments. The zoning districts most compatible with this property include Low-Density/Medium Density Residential, Neighborhood Commercial, General Commercial, Public/Institutional , Planned Development. This is a great site for future retail development, office space or possible flex space for the service industry. This site sits just 1/4 mile north and 1/4 mile east of industrial tracts containing over 3,700 acres of privately owned industrial land purchased for warehouse developments within 3 miles.

    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
    Ellabell
    County
    Bryan
    State
    Georgia
    Longitude
    -81.44778
    Latitude
    32.2293

    Comparable in this City

    • Contact for pricing

      Highway 280 Development Opportunity

      Prime land for development near Hyundai Metaplant and I-16.
      7309 Us Highway 280 E, Ellabell, GA 31308
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    • $250,000
      1,240 SF

      Ellabell Commercial Property For Sale

      Half-acre commercial property near Hyundai plant, zoned B-2.
      5155 Wilma Edwards Rd, Ellabell, GA 31308
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    • $18,000,000
      102.00 Acres

      102-Acre Parcel Near Hyundai Plant

      102-acre parcel near I-16, suitable for commercial or multi-family development.
      Us 80 Hwy, Ellabell, GA 31308
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    • $350,000
      0.80 Acres

      Commercial Land Near Hyundai Plant

      0.8-acre commercially zoned land near Hyundai plant entrance.
      Wilma Edwards Rd, Ellabell, GA 31308
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    • $1,000,000
      30.71 Acres

      Prime Land Near Hyundai Plant

      30.71 acres near Hyundai plant, suitable for development.
      1800 Olive Branch Rd, Ellabell, GA 31308
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    • $6,500,000
      170.81 Acres

      170 Acres Development Opportunity

      170-acre land tract ideal for commercial or light industrial development.
      641 Us Highway 80 E, Ellabell, GA 31308
      View Details

    Similar Nearby for Sale

    • $1,000,000
      30.71 Acres

      Prime Land Near Hyundai Plant

      30.71 acres near Hyundai plant, suitable for development.
      1800 Olive Branch Rd, Ellabell, GA 31308
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    • $6,500,000
      170.81 Acres

      170 Acres Development Opportunity

      170-acre land tract ideal for commercial or light industrial development.
      641 Us Highway 80 E, Ellabell, GA 31308
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    • Contact for pricing

      Highway Frontage Land Near Hyundai

      14.73 acres with highway frontage near Hyundai plant.
      12206-12288 Us Highway 280, Ellabell, GA 31308
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    • New
      $2,499,000
      17.10 Acres

      Highway Commercial Property on 17 Acres

      17 acres of highway commercial property with endless possibilities.
      348 Lennies Pond Rd, Ellabell, GA 31308
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    • $2,250,000

      Prime Commercial Land Opportunity

      4.76-acre commercial land with development potential near I-16 & Hwy 280.
      407 Deer Run Rd, Ellabell, GA 31308
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    • $6,500,000
      170.81 Acres

      170-Acre Development Opportunity Near I-16

      170-acre land tract ideal for commercial or light industrial development.
      641 Us Highway 80 E, Ellabell, GA 31308
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    Similar Nearby for Lease

    • Contact for pricing
      480,000 SF

      North Bryan County Build-to-Suit

      480,000 SF build-to-suit near Port of Savannah.
      Jernigan Rd, Ellabell, GA 31308
      View Details
    • Contact for pricing

      Interstate Access Near Hyundai Metaplant

      Located near Hyundai Metaplant with excellent interstate access.
      Logistics Dr, Ellabell, GA 31308
      View Details
    • Contact for pricing

      Available Industrial Space in Ellabell

      450,000 SF industrial space with excellent transportation connectivity.
      550 Westport Blvd, Ellabell, GA 31308
      View Details
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    2345 Eldora Rd
    Ellabell, GA 31308
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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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