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    The Largest CRE Database in the US with Over 1 Million Listings

    3312 Northside Dr Macon, GA 31210

    Sponsored
    For Lease
    $17 SF/Yr

    Versatile office suites, ±180-4,689 SF

    Lot size:
    47,492 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    Northside Square, located at 3312 Northside Dr, Macon, GA 31210, presents a prime opportunity for businesses seeking office space in Macon's Northside submarket. This multi-tenant office park offers flexible leasing options with suites ranging from approximately 180 square feet to 4,689 contiguous square feet. The property encompasses a total of 47,492 square feet across four single-story buildings situated on a 3.13-acre lot. Built in 1984, the property is classified as Class B and is zoned C-2. The property's location provides convenient access to various amenities and transportation routes within the Macon area. Ideal for businesses of all sizes, Northside Square offers a blend of traditional and executive office spaces, catering to diverse needs and preferences. The property's parcel number is N052-0109. This is a multi-tenant property with various suite sizes available. Contact us today to learn more about available spaces and leasing terms.

    Property Features for 3312 Northside Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,492 SF
    Class
    B
    Total Rate
    67280.33

    Building Details

    Year Built
    1984
    Buildings
    4
    Stories
    1

    Spaces For Lease

    at 3312 Northside Dr, Macon, GA 31210 Contact us
    Unit D-232

    $17 /Mo

    Size
    1,000 SF
    Contact us
    Unit C-161

    $17 /Mo

    Size
    2,000 SF
    Contact us
    Unit D-250 #3

    $23 /Mo

    Size
    315 SF
    Contact us
    Unit A-115 #2

    $33 /Mo

    Size
    180 SF
    Contact us
    Unit C-100

    $17 /Mo

    Size
    1,194 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Brice Burns
    Brice Burns

    Learn more

    Property Insight Report

    HighLights

    • 47,492 SF Macon, GA office complex.
    • 180‑4,689 SF of office space available for lease.
    • Lease rates from $500/month.
    • Convenient Riverside Drive location with nearby restaurants and shops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eastbank Textiles Corporate Office Angels of Mercy Private ... Home Health Care Service Bush H M ... Dental Office Medical Business Consultants Business Management Consultant Rowland Engineering, Inc. Engineer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.679379309003
    Latitude
    32.891024179673

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    FAQs

    What type of property is this?
    Office Property / Space - Versatile office suites, ±180-4,689 SF
    Where is this office property / space located?
    The property is located at 3312 Northside Dr Macon, GA.
    What is the lease rate?
    The lease rate is $17-$33 SF/Yr.
    What are key features of this property?
    This property features: 47,492 SF Macon, GA office complex.; 180-4,689 SF of office space available for lease.; Lease rates from $500/month.
    Request Owner's contact information
    3312 Northside Dr Macon, GA 31210
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    Macon, GA 31210
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    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
    3312 Northside Dr Macon, GA 31210
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    We can help!
    Listing Contact
    Brice Burns
    Brice Burns
    Real Estate License ID: 417450
    Learn more
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