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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    421 Mac Thompson Rd Cochran, GA 31014

    • Golf courses & driving ranges
    • 912 SF
    • 269.72 lot acres
    For Sale
    View listing
    $12,500
    Last Sale
    Jan 24, 2025
    $70,200
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3685853
    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.

    Current Use by Public Records

    • Golf courses & driving ranges

    Property Details for 421 Mac Thompson Rd

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    269.72 lot acres
    Property size
    912 SF
    Zone code
    RESIDENTIAL
    Property type
    Golf courses & driving ranges
    APN
    B37 068
    APU
    B37068

    Description

    Invest in 34 residential lots nestled within the Woodlands Golf Course Estates Subdivision in Cochran, Georgia, Bleckley County. These lots offer a unique opportunity for developers or individual buyers seeking to build their dream homes in a serene setting. Each lot boasts approximately one acre or more of land, providing ample space for construction and landscaping. The subdivision is zoned for residential use, ensuring compliance with local regulations. Pricing varies, with some lots available at $12,500, while others are priced at $18,500. Specific lot pricing is detailed in attached plats, which are available upon request. The lots are subject to existing covenants and restrictions, ensuring the maintenance of the subdivision's aesthetic appeal and property values. This is an exceptional opportunity to acquire land in a desirable location, offering a blend of tranquility and convenience. The property's location in Cochran, Georgia, provides access to local amenities while maintaining a peaceful atmosphere. Don't miss this chance to secure your piece of this attractive development. Detailed lot maps are available for review. Contact us today to learn more and begin the process of securing your ideal lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $60,000
      ML approach
      $100,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $95,000
      AUTO REPAIR, GARAGE
      $90,000
      WAREHOUSE, STORAGE
      $85,000
      RETAIL STORES
      $60,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cochran
    County
    Bleckley
    State
    Georgia
    Longitude
    -83.3345
    Latitude
    32.3592

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,938
    $58,698
    $299,426
    $358,124
    -
    $146,745
    $748,564
    $895,309

    Comparable in this City

    • Value Estimation by Request
      4,600 SF

      196 Thompson Rd

      Churches & religious facilities • 4,600 SF
      196 Thompson Rd, Cochran, GA 31014
      View Details
    • Value Estimation by Request
      0.50 Acres

      Wood Oak Cir

      Land • 0.50 Acres
      0 Wood Oak Cir, Cochran, GA 31014
      View Details
    • Value Estimation by Request
      1.55 Acres

      26 @ Hwy 87 Byp

      Land • 1.55 Acres
      26 @ Hwy 87 Byp, Cochran, GA 31014
      View Details
    • Value Estimation
      $95,000
      0.70 Acres

      Cochran, GA 31014

      COMMERCIAL (GENERAL) • 0.70 Acres
      Cochran, GA 31014
      View Details
    • Value Estimation
      $280,000
      0.53 Acres

      Cochran, GA 31014

      COMMERCIAL (GENERAL) • 0.53 Acres
      Cochran, GA 31014
      View Details
    • Value Estimation
      $265,000
      4,384 SF

      123 2nd St

      STORE/OFFICE (MIXED USE) • 4,384 SF
      123 2nd St, Cochran, GA 31014-6326
      View Details

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      Prime Cochran, GA Commercial Land

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    421 Mac Thompson Rd
    Cochran, GA 31014
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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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