Property Location

234 Oakman Road NE, Oakman GA 30734

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List Price $249,900
Units 1
Est. Cap Rate 2.4%
Est. Cash-on-Cash -14.4%
Price / Unit $249,900
Est. Year 1 Cash Flow $-8,978 after debt service
234 Oakman Road NE Oakman, GA 30734
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
Own a Piece of Oakman History on Two Parcels of Land with this Versatile, Multi-Structural Property with Frontage on Two Roads and Visibility from Highway 411! This rare opportunity combines immediate RESIDENTIAL LIVING, HEAVY DUTY WORKSHOP UTILITY, and the OLD OAKMAN POST OFFICE/GROCERY STORE as its’ HISTORIC PRESERVATION PROJECT. THE RESIDENCE was originally constructed circa 1958. It is spacious in size, boasting 2 bedrooms, 2 full baths, office, and flex room. The interior is still adorned with some of its vintage finishes, including brilliant knotty pine paneled walls in the kitchen and living room. A side porch is in place, reminiscent of simpler times, and overlooking the grounds. THE WORKSHOP is a 50x35 +/- building with canopy overhang, parking pad, electricity, 3 roll-up doors, and service door, perfect for big trucks and any automotive tinkering. THE 2-STORY HISTORICAL LOCAL LANDMARK that once served as the Oakman Post Office and Wilson Grocery dates back to the early 1900’s back when the L&N Railroad served as a mail vessel. Per county records, O114A-021 has a current zoning of A-1, and O114A-018 has a current zoning of C-G. Now is your chance to own a little slice of Georgia’s history overflowing with old-world character and boundless potential for residential, income, and commercial endeavors. Priced for a combined, as-is sale TENS OF THOUSANDS BELOW 2020 APPRAISALS to allow future buyer to restore/renovate as desired!
Investment Notes — Oakman
  • Located in the Oakman, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $249,900 Verified
Est. Cap Rate 2.40% Modeled
Est. Cash-on-Cash -14.37% Modeled
Est. Gross Income $13,603 Modeled
Est. NOI $5,985 Modeled
Est. Year 1 Cash Flow $-8,978 after debt service (25% down / 7% / 30-yr) Modeled
Price per Sq Ft $75 Verified
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

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Modeled Estimate

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51%
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30 yrs
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Effective Gross Income
Operating Expenses
Net Operating Income (NOI)
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Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap2.4%
Est. CoC-14.4%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7810116 · Listing courtesy of Samantha Lusk & Associates Realty, Inc., Samantha Lusk · 770-547-1441

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily