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    Property profile & analytics

    604 Richmond Hill Pkwy Byron, GA 31008

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0415472
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 604 Richmond Hill Pkwy

    Year built
    2002
    Property type
    Residential income homes
    APN
    0W0970 088000

    Description

    This exceptional investment opportunity presents four tenant-occupied single-family homes situated on permanent foundations in Byron, Georgia. Each of the four units, built in 2002, offers two parking spaces per unit. The property is zoned RMH and boasts a convenient location in Houston County, close to a neighborhood playground. Currently generating a monthly income ranging from $1,095 to $1,200 per unit, this portfolio offers a strong return on investment. The asking price for the entire portfolio is $480,000, representing a price per unit of $120,000. The property's convenient location near I-75 provides easy access to Warner Robins, Perry, Macon, and Atlanta. Showings are available during due diligence only. The property includes four separate buildings, each a single-story structure. The address for this portfolio is 604 Richmond Hill Pkwy, Byron, GA 31008, with additional properties located at 100, 109, and 110 Crestmont Court. The property's APN is 0W0970 088000. This is an excellent opportunity for investors seeking a stable income stream and potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Byron
    County
    Houston
    State
    Georgia
    Longitude
    -83.715551984812
    Latitude
    32.626431814332

    Comparable in this City

    • Contact for pricing

      Multifamily Woodberry Apartments

      34-unit multifamily property in Byron, Georgia.
      106 Frances Dr, Byron, GA 31008
      View Details
    • $3,915,000
      43.50 Acres

      Byron, GA: 43.5 Acres Commercial Land

      Prime Commercial/Multifamily Land - I-75 Frontage
      0 Housers Mill Rd, Byron, GA 31008
      View Details
    • $1,736,750
      69.47 Acres

      Byron, GA: 69-Acre Residential Tract

      Prime Byron development land, Hwy 42 access.
      350 Ga-42, Byron, GA 31008
      View Details
    • $168,000

      Remodeled Home on Corner Lot

      Remodeled home on a large corner lot with new AC.
      255 Bayberry Dr, Byron, GA 31008
      View Details
    • $462,000
      21.00 Acres

      Byron, GA Residential Land Tract

      21+ Acres, City Utilities, Great Potential
      0 Barker Rd, Byron, GA 31008
      View Details
    • $85,000
      1,848 SF

      Mobile Home in Byron, Georgia

      Mobile home requiring renovation, suitable for investors in Byron.
      101 Williamsburg Trl, Byron, GA 31008
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multifamily Woodberry Apartments

      34-unit multifamily property in Byron, Georgia.
      106 Frances Dr, Byron, GA 31008
      View Details
    • $3,915,000
      43.50 Acres

      Byron, GA: 43.5 Acres Commercial Land

      Prime Commercial/Multifamily Land - I-75 Frontage
      0 Housers Mill Rd, Byron, GA 31008
      View Details
    • $168,000

      Remodeled Home on Corner Lot

      Remodeled home on a large corner lot with new AC.
      255 Bayberry Dr, Byron, GA 31008
      View Details
    • $1,736,750
      69.47 Acres

      Byron, GA: 69-Acre Residential Tract

      Prime Byron development land, Hwy 42 access.
      350 Ga-42, Byron, GA 31008
      View Details
    • $85,000
      1,848 SF

      Mobile Home in Byron, Georgia

      Mobile home requiring renovation, suitable for investors in Byron.
      101 Williamsburg Trl, Byron, GA 31008
      View Details
    • $462,000
      21.00 Acres

      Byron, GA Residential Land Tract

      21+ Acres, City Utilities, Great Potential
      0 Barker Rd, Byron, GA 31008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,675 SF

      Publix-Anchored Retail Center

      Macon-Bidd retail space, high traffic.
      6015 Watson Blvd, Warner Robins, GA 31008
      View Details
    • $32 SF/Yr
      2,500 SF

      Byron Retail Opportunity

      Highway 49 Endcap with Drive-Thru
      507 Hwy 49, Byron, GA 31008
      View Details
    • $2,800 /Mo
      16,500 SF

      Move-In Ready Medical Suites

      Medical/Dental office space with exam rooms and custom cabinets.
      212 Suites 800 & 900, Byron, GA 31008
      View Details
    • $1,300 /Mo
      16,500 SF

      Retail Space in Peach Crossing

      1200 SF space in established shopping center for lease.
      212 Unit, Byron, GA 31008
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Warner Robins

      1,400 SF retail space in Publix-anchored shopping center.
      6015 Watson Blvd, Byron, GA 31008
      View Details
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    604 Richmond Hill Pkwy
    Byron, GA 31008
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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
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