Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    104 PENINSULA Avenue lot 49 Macon, GA 31220

    View on Map
    Picture of Land at 104 PENINSULA Avenue lot 49, Macon, GA
    For Sale
    $65,000

    LAND - Macon, GA

    Lot size:
    1.26 Acres
    Added:
    Sep 13, 2025
    Days on Market:
    203
    Last Refresh:
    Apr 3 at 11:06 pm

    Property Features for 104 PENINSULA Avenue lot 49

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    DE670254
    Lot size
    1.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    344

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Barbara Ledbetter

    Listing agent Barbara Ledbetter

    Listing office Southern Classic Realtors Po Box 6565, Monroe, GA

    Listing date Sep 13, 2025

    MLS# 10604041 Listing URL

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Gated Community

    This 1.26-acre building lot is located within the Peninsula at Eagles Pointe in Macon, GA. The property benefits from lake access and features some trees in the back. It is situated within a gated community, offering lake-oriented living. All covenants and restrictions are available for review.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.826567
    Latitude
    32.864645

    Nearby Similar for Sale

    • $505,000
      2,809 SF

      Turnkey Auto Repair Business

      Fully equipped auto repair business on Houston Avenue in Macon.
      2644 Houston Avenue, Macon, GA 31206
      View Details
    • $995,000
      7,480 SF

      Macon Commercial Building Opportunity

      7,480 SF building in a rapidly developing area.
      2080 Bowman Park, Macon, GA 31210
      View Details
    • $675,000

      Versatile Commercial Space in Macon

      Adaptable commercial property with high visibility and flexible layouts.
      3146 Vineville Avenue, Macon, GA 31204
      View Details
    • $675,000
      1,500 SF

      Versatile Commercial Opportunity in Macon

      4,200 sq. ft. commercial space with flexible layouts.
      3146 Vineville Avenue, Macon, GA 31204
      View Details
    • $599,800

      Macon Commercial Land Redevelopment Opportunity

      5.7-acre commercial land with approved multi-family development plans.
      4090 Napier Avenue, Macon, GA 31204
      View Details
    • $95,500
      2,934 SF

      Versatile Commercial Building Near Mercer

      Adaptable 2,934 SF building suitable for retail, warehouse, or housing.
      3017 Columbus Road, Macon, GA 31204
      View Details
    • $479,000

      Macon Commercial Redevelopment Opportunity

      5-acre commercial property with redevelopment potential in Macon, GA.
      3468 Napier Avenue, Macon, GA 31204
      View Details
    • $216,000
      3,313 SF

      Macon Place of Worship For Sale

      Place of worship with sanctuary, hall, and kitchen on 0.82 acres.
      3592 Log Cabin Drive, Macon, GA 31204
      View Details
    • $650,000
      6,250 SF

      Macon Multifamily Investment Opportunity

      Value-add 10-unit property near Mercer University.
      717 Poppy Avenue, Macon, GA 31204
      View Details
    • $599,800

      Macon Redevelopment Opportunity

      5.7-acre site with approved multifamily development for sale.
      4090 Napier Avenue, Macon, GA 31204
      View Details
    • $399,000
      700 SF

      Duplex Investment Opportunity in Macon

      Turn-key duplex with tenants in place, part of package deal.
      4409 Mikado Avenue, Macon, GA 31206
      View Details
    • $490,000

      Renovated Macon Duplexes For Sale

      Three renovated duplexes on one property, investment opportunity.
      1156 Triple Hill Drive, Macon, GA 31206
      View Details

    FAQs

    What type of property is this?
    Land - 1.26 acre building lot with lake access in Macon.
    Where is this land located?
    The property is located at 104 PENINSULA Avenue lot 49 Macon, GA.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Lake access for endless recreational opportunities.; Gated community providing security and peace of mind.; Building lot ready for your dream home.
    (478) 955-2176
    We can help!
    Listing Contact
    Barbara Ledbetter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!