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$31,000
● Land - Off Market

Orchard Circle

Commerce, GA
bedrooms
Studio
bathrooms
0 Bath
$217
Est. Monthly

About This Property

Rare opportunity to build in a well established City of Commerce neighborhood! Tucked away on Orchard Circle, you'll find this great lot, ready for a new home. GREAT LOCATION! Walking distance to Veterans Memorial Park with pond, walking trail, playground, city pool, and athletic fields/courts. Just a 5 minute drive to I85 Access, city schools, and Downtown Commerce shopping, dining, and community events.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$35
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (GAMLS #10353547)

Price History

Date / Event Date Event Price
Dec 18, 2024 Sold
Premium
Sold
Nov 19, 2024 In contract -
In contract
Nov 4, 2024 Relisted $37,000
Relisted
Oct 22, 2024 In contract -
In contract
Oct 22, 2024 Price Decreased $37,000
↓ $6K (14%)
Price Decreased
Show More

Property Highlights

Financial Details
Parcel Number: C17 024B
Tax Year: 2023
Tax Annual Amount: $415
Utilities Details
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
Location Details
Elementary School: Commerce Primary/Elementary
Middle Or Junior School: Commerce
High School: Commerce
Other Details
Listing Contract Date: 2024-08-02
On Market Date: 2024-08-07

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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GAMLS

Listed by: Allison McClure, Keller Williams Realty Atl. Partners
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10353547
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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