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

    177 Peninsula Ave Macon, GA 31220

    View on Map
    Sponsored
    For Sale
    $125,000

    LAND - Macon, GA

    Lot size:
    1.11 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 6 at 9:06 pm

    Property Features for 177 Peninsula Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    DE670295
    Lot size
    1.11 Acres

    Utilities

    Utilities
    Water Available
    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    M. Gaylyn Cole

    Fickling & Company Real Estate Services (478) 757-9600

    Listing agent M. Gaylyn Cole

    Listing date Mar 5, 2026

    MLS# 183404 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot in Gated Community

    This 1.1-acre lakefront lot is located in a gated community on Lake Tobesofkee. The property is cleared and features a gentle slope, suitable for construction and offering waterfront views. Residents have direct lake access and can enjoy community amenities such as a pavilion and playground. This property offers an opportunity to enjoy lakefront living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom Daycare Center Tech Support Center Plumbing Service Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.825395
    Latitude
    32.857363

    Nearby Similar for Sale

    • $510,000
      2,809 SF

      Turnkey Auto Repair Business Opportunity

      Fully equipped auto repair business for sale in Macon, GA.
      2644 Houston Ave, Macon, GA 31206
      View Details
    • New
      $550,000
      2.61 Acres

      Macon Commercial Opportunity

      Commercial building suitable for daycare, senior facility, school, or office.
      4433 Roundfield Rd, Macon, GA 31210
      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
    • New
      $158,000
      0.23 Acres

      Macon Commercial Opportunity For Sale

      Commercial property with high visibility and ample parking in Macon.
      3192 Vineville Ave, 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 Rd, 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 Dr, Macon, GA 31204
      View Details
    • $225,000
      0.21 Acres

      Renovated Home with Income Potential

      Renovated home with apartment in up-and-coming historic Macon neighborhood.
      2694 Cherokee Ave, Macon, GA 31204
      View Details
    • $250,000
      Pending

      Macon Commercial Building For Sale

      Move-in ready building with additional leased space and ample parking.
      2660 Montpelier Ave, Macon, GA 31204
      View Details
    • $125,000

      Multi-Use Building in Macon, GA

      Adaptable building suitable for church, salon, office, or retail.
      3272 Jeffersonville Rd, Macon, GA 31217
      View Details
    • $950,000
      Pending

      Sprawling Church Campus For Sale

      Large church campus with sanctuary, classrooms, gymnasium, and offices.
      2270 Shurling Dr, Macon, GA 31211
      View Details
    • $280,000
      3,792 SF

      Macon Church Property For Sale

      Spacious church property in Macon, GA, ideal for ministry.
      1159 Scotland Ave, Macon, GA 31204
      View Details
    • $280,000
      3,792 SF

      Macon Church Property For Sale

      Spacious church in Macon, GA with sanctuary, offices, classrooms.
      1159 Scotland Ave, Macon, GA 31204
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.1-acre lakefront lot in a gated community.
    Where is this waterfront land located?
    The property is located at 177 Peninsula Ave Macon, GA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - 1.1-acre lakefront lot on Lake Tobesofkee; - Located in a gated community; - Cleared lot with a gentle slope, ideal for building
    (478) 757-9600
    Request Owner's contact information
    177 Peninsula Ave Macon, GA 31220
    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.
    177 Peninsula Ave
    Macon, GA 31220
    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
    177 Peninsula Ave Macon, GA 31220
    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

    We can help!
    Listing Contact
    M. Gaylyn Cole
    Real Estate License ID: 323469
    (478) 757-9600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!