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    981 Bells Ferry Rd Lumber City, GA 31549

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    981 Bells Ferry Rd Lumber City, GA 31549

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    • Commercial real estate
    • 75.42 lot acres
    Off-Market
    Property ID
    US22-3013105
    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 981 Bells Ferry Rd

    Lot size
    75.42 lot acres
    Property type
    Commercial real estate
    APN
    0029 007

    Description

    This exceptional 75.42-acre property in Wheeler County, Georgia, presents a unique blend of history and modern convenience. Located at 981 Bells Ferry Rd, Lumber City, GA 31549 (APN: 0029 007), this land boasts a rich heritage, dating back to 1845 when it served as the site of the historic Bells Ferry crossing the Oconee River. The property includes a charming home, lovingly restored with original antique floors and recently updated with high-speed internet access. This thoughtful blend of old-world charm and modern amenities creates a peaceful yet connected living experience. The land itself is ideal for hunting enthusiasts, situated in prime deer country and a short drive from the Oconee River boat landing, perfect for fishing and other outdoor activities. Mature and young pines provide a lush landscape, while a spacious shelter offers ample parking. This property, situated in the historic Forks of the River area, offers a rare opportunity to own a piece of Georgia's past, combining country living with deep-rooted history. The asking price is $591,900. Don't miss this chance to own a truly unique and remarkable property.

    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
    Lumber City
    County
    Wheeler
    State
    Georgia
    Longitude
    -82.5785
    Latitude
    31.9733

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      Wooded Land Near Ocmulgee River

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      Expansive Georgia Ranch with Creek

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      21.49 Acres Open Farmland

      21.49 acres of open farmland in Telfair County, GA.
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      Lumber City Open Land Farm

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      Land Available in Lumber City

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    Similar Nearby for Sale

    • $114,950
      Pending

      22.99 Acres of Open Land

      Open land farm in Telfair County, Georgia for sale.
      08600022T3 Red Bird Rd, Lumber City, GA 31549
      View Details
    • $36,900
      Pending

      Wooded Land Near Ocmulgee River

      7.54 acres of wooded land near Ocmulgee River.
      08600008T6 Hayride Rd, Lumber City, GA 31549
      View Details
    • Contact for pricing

      Expansive Georgia Ranch with Creek

      2122-acre property with farmland, timber, warehouses, and creek frontage.
      E Golden Isles Hwy, Lumber City, GA 31549
      View Details
    • $107,450
      Pending

      21.49 Acres Open Farmland

      21.49 acres of open farmland in Telfair County, GA.
      08600022T5 Red Bird Rd, Lumber City, GA 31549
      View Details
    • $247,300
      Pending

      Lumber City Open Land Farm

      49.46 acre working farm in Telfair County, Georgia.
      08600022T1 Red Bird Rd, Lumber City, GA 31549
      View Details
    • $91,100

      Land Available in Lumber City

      Land on Ed Varnadoe Road in Lumber City, Georgia.
      00 Ed Varnadoe Rd, Lumber City, GA 31549
      View Details
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    Lumber City, GA 31549
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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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