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

    3989 Arkwright Rd Macon, GA 31210

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two office suites totaling ±2,100 SF with easy highway access.

    Type:Office
    Property size:
    2,100 SF
    Price / SF:
    $233/SF
    Added:
    Oct 15, 2024
    Days on Market:
    555
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 3989 Arkwright Rd

    General Information

    Standard status
    Active
    Size
    2,100 SF
    Property subtype
    Office

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Bo Elliott

    Listing agent Bo Elliott License #GA 412808

    Listing office The Summit Group

    Listing date Oct 15, 2024

    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 The Summit Group

    Overview

    Office Suites Near I-75

    This property features two suites totaling approximately 2,100 square feet. The location provides convenient access to I-75 via Exit 169, and is near The Shoppes at River Crossing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6878064
    Latitude
    32.9089316

    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
    • $490,000

      Renovated Macon Duplexes For Sale

      Three renovated duplexes on one property, investment opportunity.
      1156 Triple Hill Drive, Macon, GA 31206
      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
    • $490,000

      Renovated Duplexes in Macon, Georgia

      Three renovated duplexes on one property, investment opportunity.
      1156 Triple Hill Drive, Macon, GA 31206
      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 units - Two office suites totaling ±2,100 SF with easy highway access.
    Where is this office units located?
    The property is located at 3989 Arkwright Rd Macon, GA.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: Two suites totaling ±2,100 SF; Located off I‑75 (Exit 169); Easy access to The Shoppes at River Crossing
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bo Elliott
    Real Estate License ID: GA 412808
    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!