3931 Ridge Ave Macon, GA 31210
2,904 SF office building on 1.17 acre lot.
Property Features for 3931 Ridge Ave
General Information
- Standard status
- Active
- Size
- 2,904 SF
- Lot size
- 1.17 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1953
Listing office Coldwell Banker Commercial Eberhardt & Barry (478) 508-2652
Listing date Jan 14, 2020
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Eberhardt & Barry
Investment Insights
Based on property information with market context.
Key Highlights
- Currently Leased: Provides immediate income.
- 2,904± SF: Adaptable space for various uses.
- 1.17± Acre Corner Lot: Offers potential for expansion.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.8k | $19.20 |
| − Vacancy | −$17.8k | −$6.14 |
| EGI | $37.9k | $13.06 |
| − OpEx | −$9.5k | −$3.26 |
| NOI | $28.4k | $9.79 |
