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    Property profile & analytics

    6330 Corn Dr Cumming, GA 30040

    • Commercial real estate
    • 147.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1709679
    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

    • Commercial real estate

    Property Details for 6330 Corn Dr

    Lot size
    147.00 lot acres
    Property type
    Commercial real estate

    Description

    This expansive 147-acre land parcel presents a remarkable opportunity for investors and developers. Located in Cumming, Georgia, within Forsyth County, and boasting a desirable AG zoning designation, this property offers significant potential. The land is strategically positioned with frontage on three county roads, providing excellent accessibility and visibility. Its topography is described as good, suggesting relatively manageable terrain for development purposes. The asking price is $50,000 per acre, reflecting the high value of this large tract in an area experiencing strong development activity. The substantial size of this property makes it particularly suitable for a variety of residential development projects, catering to the growing demand for housing in this thriving region of Georgia. The 30040 zip code further underscores the property's location within a dynamic and desirable community. Detailed surveys and environmental assessments are recommended to fully understand the development potential of this exceptional land offering. This is a rare opportunity to acquire a significant land holding in a prime location with excellent access and growth potential. The property's size and location make it an attractive investment for large-scale residential development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1205033
    Latitude
    34.3160073

    Comparable in this City

    • $595,000
      1.00 Acre

      Prime Cumming Commercial Land

      1-Acre C-3 Zoned Lot, Ready to Build
      0 Lanier 400 Pkwy, Cumming, GA 30040
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    • $999,000
      3.29 Acres

      Cumming Commercial Land - $999K

      3.29 Acres, High-Growth Area, Office Zoning
      5364 Bethelview Rd, Cumming, GA 30040
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    • $2,925,000
      6.50 Acres

      Prime Cumming, GA Commercial Land

      6.5 acres, Hwy 20 & Evans Rd access.
      4175 Evans Rd, Cumming, GA 30040
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    • $529,000
      0.92 Acres

      Cumming Commercial Land - $529K

      Prime .92-acre corner lot, ready to build.
      0 Tribble Gap Rd, Cumming, GA 30040
      View Details
    • $150,000
      3.14 Acres

      Land in Growing Forsyth County

      3+ acre lot in Cumming near future walking park.
      Memphis St, Cumming, GA 30040
      View Details
    • $130,000
      1.04 Acres

      Residential Lot Near Lake Lanier

      Spacious 1.038 acre residential lot in Forsyth County.
      2960 Bailey Dr, Cumming, GA 30040
      View Details

    Similar Nearby for Sale

    • $529,000
      0.92 Acres

      Cumming Commercial Land - $529K

      Prime .92-acre corner lot, ready to build.
      0 Tribble Gap Rd, Cumming, GA 30040
      View Details
    • $2,925,000
      6.50 Acres

      Prime Cumming, GA Commercial Land

      6.5 acres, Hwy 20 & Evans Rd access.
      4175 Evans Rd, Cumming, GA 30040
      View Details
    • $999,000
      3.29 Acres

      Cumming Commercial Land - $999K

      3.29 Acres, High-Growth Area, Office Zoning
      5364 Bethelview Rd, Cumming, GA 30040
      View Details
    • $595,000
      1.00 Acre

      Prime Cumming Commercial Land

      1-Acre C-3 Zoned Lot, Ready to Build
      0 Lanier 400 Pkwy, Cumming, GA 30040
      View Details
    • $150,000
      3.14 Acres

      Land in Growing Forsyth County

      3+ acre lot in Cumming near future walking park.
      Memphis St, Cumming, GA 30040
      View Details
    • $130,000
      1.04 Acres

      Residential Lot Near Lake Lanier

      Spacious 1.038 acre residential lot in Forsyth County.
      2960 Bailey Dr, Cumming, GA 30040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Cumming, GA Retail Opportunity

      High-traffic retail land, Forsyth County.
      5470 Bethelview Rd, Cumming, GA 30040
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    • $168 SF/Yr
      1,200 SF

      Executive Office Suite in Cumming, GA

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    • $13 SF/Yr
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    • $14 SF/Yr
      1,249 SF

      Colony Park Office Suite for Lease

      1,249 sq ft Medical/Executive Office
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    • Contact for pricing
      6,600 SF

      Canton Hwy Retail Space

      High-traffic Cumming retail space available
      2330 Canton Hwy, Cumming, GA 30040
      View Details
    • Contact for pricing
      12,035 SF

      Prime Cumming Executive Suites

      Downtown Cumming Office Space Available
      210 Dahlonega St, Cumming, GA 30040
      View Details
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    6330 Corn Dr
    Cumming, GA 30040
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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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