Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Airport Dr Macon, GA 31216

    • Land
    • 3.22 lot acres
    For Sale
    View listing
    $600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Airport Dr

    Lot size
    3.22 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 3.224-acre industrial land parcel in Macon, Georgia, presents a compelling investment opportunity. Located on Airport Drive, this property boasts convenient access to Middle Georgia Regional Airport, situated approximately nine miles from I-75 and readily accessible via Hawkinsville Road (Highway 247), a major thoroughfare connecting Macon and Warner Robins. The site benefits from an M-1 Light Industrial zoning designation, allowing for a wide range of industrial uses. The land is level and features readily available utilities. The property's strategic location places it within a thriving industrial area, surrounded by established businesses including Central Georgia Technical College Aviation Lab, Kumho Tires, Bibb Distributing Company, Cox Communications, Pactiv Corporation, Kohl's Distribution Center, ABC Supply Co. Inc, Economy Tire, Macon Metal Roofing, and Westwood Heat Treated Lumber Corporation. High traffic counts are observed on both Industrial Park Drive (1,490 vehicles per day) and Hawkinsville Road (20,400 vehicles per day), ensuring excellent visibility and accessibility. The seller is willing to construct a building to suit the needs of a qualified buyer, making this a truly customizable opportunity. The property's APN is P140-0209. This is a rare chance to acquire a well-positioned industrial land parcel in a rapidly growing area. The asking price is $600,000, and the seller will consider dividing the property.

    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
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6499
    Latitude
    32.7036

    Comparable in this City

    • Value Estimation by Request

      5250 Sardis Church Rd

      Land
      5250 Sardis Church Rd, Macon, GA 31216
      View Details
    • Value Estimation by Request
      1.27 Acres

      8320-8330 Grace Rd

      Land • 1.27 Acres
      8320-8330 Grace Rd, Macon, GA 31216
      View Details
    • Value Estimation by Request
      29.85 Acres

      2126 Barnes Ferry Rd

      Land • 29.85 Acres
      2126 Barnes Ferry Rd, Macon, GA 31216
      View Details
    • Value Estimation by Request
      20.52 Acres

      7231 Nowell Rd

      Land • 20.52 Acres
      7231 Nowell Rd, Macon, GA 31216
      View Details
    • Value Estimation by Request
      1.35 Acres

      3040 Avon Rd

      INDUSTRIAL (GENERAL) • 1.35 Acres
      3040 Avon Rd, Macon, GA 31216-5858
      View Details
    • Value Estimation by Request
      2.50 Acres

      7610 Hawkinsville Rd

      INDUSTRIAL (GENERAL) • 2.50 Acres
      7610 Hawkinsville Rd, Macon, GA 31216-6916
      View Details

    Similar Nearby for Sale

    • $315,000
      1.27 Acres

      Macon Industrial Land - $95k-$125k

      Prime Macon industrial land, owner financing available.
      8320-8330 Grace Rd, Macon, GA 31216
      View Details
    • $600,000
      3.22 Acres

      Macon Industrial Land - $600K

      3.224 Acres, M-1 Zoning, Build-to-Suit
      0 Airport Dr, Macon, GA 31216
      View Details
    • $199,999
      31.00 Acres

      Macon Industrial Land - 31 Acres

      Prime Macon industrial land, 31 acres, M-1 zoning.
      4980 Houston Rd, Macon, GA 31216
      View Details
    • $222,700
      2.62 Acres

      Prime Macon Agricultural Land

      2.62 Acres, I-75 Access, High Traffic
      4720 Bennett Rd, Macon, GA 31216
      View Details
    • $290,000
      3.23 Acres

      Macon Agricultural Land - $290K

      3.23 Acres, I-75 Access, High Traffic
      7091 Houston Rd, Macon, GA 31216
      View Details
    • $149,000
      2.30 Acres

      Macon Commercial Land: 2.3 Acres

      Prime Macon commercial land, ideal for development.
      4280 Sardis Church Rd, Macon, GA 31216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sardis Church Rd Commercial Land

      16 Acres, High-Traffic Location, Development Opportunity
      5250 Sardis Church Rd, Macon, GA 31216
      View Details
    • Contact for pricing
      43,560 SF

      Ground Lease: 1-Acre Industrial Lot

      Highway 247 Industrial Land Lease
      5300 Hawkinsville Rd, Macon, GA 31216
      View Details
    • Contact for pricing
      135,102 SF

      Macon Warehouse Space Available

      135,102 sq ft warehouse space for lease.
      235 Northwest Industrial Blvd, Macon, GA 31216
      View Details
    • $7 SF/Yr
      7,200 SF

      Macon Warehouse: 7,200 SF

      High-traffic Macon warehouse, office space available.
      7441 Hawkinsville Rd, Macon, GA 31216
      View Details
    • Contact for pricing
      45,709 SF

      Macon Warehouse Space Available

      Industrial warehouse space available for lease in Macon, Georgia.
      7595 Industrial Hwy, Macon, GA 31216
      View Details
    • Contact for pricing

      Commercial Development Site For Lease

      4.09 acre commercial development site with high visibility.
      4199 Hartley Bridge Rd, Macon, GA 31216
      View Details
    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.
    Airport Dr
    Macon, GA 31216
    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!