Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    732 Riverside Drive Ln Macon, GA 31201
    Back to Search
    Property profile & analytics

    732 Riverside Drive Ln, Macon, GA 31201

    View on Map
    • Office Spaces
    • 7,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 732 Riverside Drive Ln

    Year built
    1983
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This Macon, Georgia property, located at 732 Riverside Drive, offers multiple office spaces for lease within a 7,500 square foot building situated in the heart of the Central Business District (CBD). The building, constructed in 1983, features one building with off-street parking and is zoned CBD-1. Two available spaces are highlighted: a 1,750 square foot unit with a reception/waiting area, two private offices, a large bullpen area, storage room, and one restroom, leasing for $1,458 per month gross

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6278
    Latitude
    32.8416

    Comparable in this City

    • Value Estimation by Request
      6,034 SF

      797 Poplar St

      Medical Office Space
      797 Poplar St, Macon, GA 31201
      View Details
    • Value Estimation by Request
      7,000 SF

      127 1St St

      Medical Office Space
      127 1St St, Macon, GA 31201
      View Details
    • Value Estimation by Request
      9,000 SF

      885 Walnut St

      Medical Office Space
      885 Walnut St, Macon, GA 31201
      View Details
    • Value Estimation by Request
      10,000 SF

      830 Mulberry Street Ln

      Land
      830 Mulberry Street Ln, Macon, GA 31201
      View Details
    • Value Estimation by Request
      6,034 SF

      797 Poplar Street Ln

      Land
      797 Poplar Street Ln, Macon, GA 31201
      View Details
    • Value Estimation by Request
      7,500 SF

      127 1St St

      Land
      127 1St St, Macon, GA 31201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,020 SF

      Office and Retail Space Available

      1,020 SqFt office and retail space for sale.
      551 Cherry St, Macon, GA 31201
      View Details
    • Contact for pricing

      3.02 Acres Land For Sale

      Two lots totaling 3.02 acres near Interstate 16.
      112 Lower Poplar St, Macon, GA 31201
      View Details
    • Contact for pricing
      3,000 SF

      Macon Office/Retail Building For Sale

      3,000 SF office/retail building on 0.53 acres for sale.
      1877 Houston Ave, Macon, GA 31201
      View Details
    • $539,000

      Storefront Retail/Office Building For Sale

      6,732± SF, three-story storefront retail/office building in Macon, GA.
      391 2Nd St, Macon, GA 31201
      View Details
    • Contact for pricing
      4,878 SF

      Two Office Buildings Near I-75

      Two office buildings totaling 4,878 SF on 0.97 acres.
      1365 Georgia Ave, Macon, GA 31201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Medical Office Space Available

      4,000 SF medical office space for lease.
      695 Orange St, Macon, GA 31201
      View Details
    • Contact for pricing
      1,150 SF

      Macon Medical Office Space Available

      Medical office suite for lease near Walnut and Spring intersection.
      885 Walnut St, Macon, GA 31201
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Macon, Georgia.
      1691 Forsyth St, Macon, GA 31201
      View Details
    • Contact for pricing

      Downtown Macon Commercial Space Available

      Versatile commercial property suitable for retail, wholesale, or office use.
      722 Martin Luther King Jr Blvd, Macon, GA 31201
      View Details
    • Contact for pricing

      Office Space with Parking Access

      Two-story office building with parking garage access available for rent.
      240 2Nd St, Macon, GA 31201
      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.
    732 Riverside Drive Ln
    Macon, GA 31201
    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

    Thank You for Inquiry
    732 Riverside Drive Ln, Macon, GA, 31201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!