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

    1867 Forsyth Street Macon, GA 31201

    View on Map
    Picture of Other office properties at 1867 Forsyth Street, Macon, GA
    For Sale
    $495,000

    4,100 ± SF Professional / Medical Office Building For Sale

    Property size:
    4,100 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $120/SF
    Added:
    Apr 10, 2025
    Days on Market:
    386
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1867 Forsyth Street

    General Information

    Standard status
    Active
    Property type
    Other office properties, Medical Office Space, Office buildings, Office properties & Spaces
    Size
    4,100 SF
    Net Rentable
    4,100 SF
    Elevators
    N/A
    Lot size
    0.31 Acres

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Miriam Cheek

    Listing agent Miriam

    Listing office Coldwell Banker Commercial | Eberhardt & Barry

    Listing date Apr 10, 2025

    Overview

    Professional/Medical Office Building For Sale

    This 4,100 square foot professional or medical office building is available for sale. The floor plan includes a reception area, three waiting areas, seven private offices, four exam rooms, a break room/kitchen, and three restrooms. There are 20 asphalt parking spaces available. The property is accessible via two curb cuts on Forsyth Street and Hardeman Avenue. It is located in Downtown Macon and is visible from Interstate 75, Exit 164. The property is less than one-half mile from Atrium Health Medical Center and less than one mile from Piedmont Hospital. Mercer University, with over 9,000 students enrolled, is less than one mile away. The property is served by public transportation and is zoned C-2. The lot size is 0.31 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Map

    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.647751
    Latitude
    32.840957

    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
    • $179,000
      3,714 SF

      Warehouse and Office on Large Lot

      Commercial property with warehouse, office, and road frontage.
      3019 Riggins Mill Road, Macon, GA 31217
      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
    • $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
    • $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
    • $399,000
      700 SF

      Macon Duplex Investment Opportunity

      Value-add duplex package deal in Macon, Georgia.
      4409 Mikado Avenue, Macon, GA 31206
      View Details
    • $125,000

      Turnkey Duplex in Macon

      Cash-flowing duplex with long-term tenant and upside potential.
      2485 Beech Avenue, Macon, GA 31204
      View Details
    • $158,000

      Macon Commercial Opportunity For Sale

      Commercial property with high visibility and ample parking in Macon.
      3192 Vineville Avenue, Macon, GA 31204
      View Details
    • $600,000
      3,150 SF

      Mercer University Drive Investment Opportunity

      Profitable salon suites with leaseback in high-traffic Macon corridor.
      4849 Mercer University Drive, Macon, GA 31210
      View Details
    • $125,000

      Multi-Use Building in Macon, GA

      Adaptable building suitable for church, salon, office, or retail.
      3272 Jeffersonville Road, Macon, GA 31217
      View Details

    FAQs

    What type of property is this?
    Office property - 4,100 ± SF Professional / Medical Office Building For Sale
    Where is this office property located?
    The property is located at 1867 Forsyth Street Macon, GA.
    What is the asking price?
    The asking price for this property is $495,000.
    (478) 746-8171
    We can help!
    Listing Contact
    Miriam Cheek
    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!