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    110 Merlin St Warner Robins, GA 31093
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    Property profile & analytics

    110 Merlin St, Warner Robins, GA 31093

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    • Residential income homes
    • 2,405 SF
    Off-Market
    Property ID
    US22-0830140
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 110 Merlin St

    Year built
    1965
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents two single-family rental homes in desirable Georgia locations: 110 Merlin St, Warner Robins (31093) and 4158 Log Cabin Dr, Macon (31204). Offered at a combined asking price of $220,000 ($110,000 per unit), this portfolio boasts a total of 2,405 square feet of rentable space, achieving a price per square foot of $91.48. Currently enjoying 100% occupancy, the properties generate a combined monthly rental income of $1775 ($925 and $850 respectively), offering immediate cash flow. Each home features three bedrooms, one and a half bathrooms, and a bonus room suitable for use as a fourth bedroom. Built in 1965 and 1959 respectively, these homes are zoned R-1A. This represents a strong value-add opportunity with potential for future rent increases. The properties are ideally suited for an investor seeking a stable, cash-flowing portfolio in a growing market. This is a turnkey investment ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.6450824
    Latitude
    32.6240905

    Comparable in this City

    • New
      $660,000
      0.80 Acres

      New Construction Quadplex

      To-be-built quadplex with three bedrooms and two full bathrooms per unit near Robins Air Force Base.
      212B Tabor Dr, Warner Robins, GA 31093
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    • $425,000
      900 SF

      Warner Robins Multiplex Investment Property

      Investment property featuring multiple units with rental income.
      400 Curtis St, Warner Robins, GA 31093
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    • New
      $500,000
      0.51 Acres

      To-Be-Built Triplex with 3-Bed Units

      New construction triplex with open-concept 3-bedroom, 2-bath layouts per unit near Robins Air Force Base.
      212A Tabor Dr, Warner Robins, GA 31093
      View Details
    • $165,000
      1,840 SF

      Warner Robins Commercial Opportunity

      Two rental units in one building near sports complex.
      748 N Houston Rd, Warner Robins, GA 31093
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    • $575,000
      7,000 SF

      Successful Storefront in Warner Robins

      Long-time, successful clothing/costume store in revitalizing area.
      1736 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Contact for pricing
      2,265 SF

      Former Restaurant on High-Traffic Corner

      Former Popeyes restaurant site on Watson Boulevard for sale.
      2220 Watson Blvd, Warner Robins, GA 31093
      View Details

    Similar Nearby for Sale

    • New
      $660,000
      0.80 Acres

      New Construction Quadplex

      To-be-built quadplex with three bedrooms and two full bathrooms per unit near Robins Air Force Base.
      212B Tabor Dr, Warner Robins, GA 31093
      View Details
    • $425,000
      900 SF

      Warner Robins Multiplex Investment Property

      Investment property featuring multiple units with rental income.
      400 Curtis St, Warner Robins, GA 31093
      View Details
    • New
      $500,000
      0.51 Acres

      To-Be-Built Triplex with 3-Bed Units

      New construction triplex with open-concept 3-bedroom, 2-bath layouts per unit near Robins Air Force Base.
      212A Tabor Dr, Warner Robins, GA 31093
      View Details
    • $165,000
      1,840 SF

      Warner Robins Commercial Opportunity

      Two rental units in one building near sports complex.
      748 N Houston Rd, Warner Robins, GA 31093
      View Details
    • $575,000
      7,000 SF

      Successful Storefront in Warner Robins

      Long-time, successful clothing/costume store in revitalizing area.
      1736 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Contact for pricing
      2,265 SF

      Former Restaurant on High-Traffic Corner

      Former Popeyes restaurant site on Watson Boulevard for sale.
      2220 Watson Blvd, Warner Robins, GA 31093
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,940 SF

      Medical Office Space Available

      17,820 SF three-story medical office building with ample parking.
      1707 Watson Blvd, Warner Robins, GA 31093
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    • Contact for pricing

      Retail Space in Thriving Market

      Retail space with ample parking and excellent access.
      813 N Houston Rd, Warner Robins, GA 31093
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Kroger

      Retail spaces available adjacent to Kroger in Warner Robins, GA.
      3094 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Contact for pricing
      7,165 SF

      Retail Space on Watson Boulevard

      Retail space in high-traffic area near Houston Medical Center.
      1815 Watson Blvd, Warner Robins, GA 31093
      View Details
    • Contact for pricing

      Magnolia Plaza Retail/Office Space

      Retail and office spaces available in Magnolia Plaza Shopping Center.
      3035 Watson Blvd, Warner Robins, GA 31093
      View Details
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    110 Merlin St
    Warner Robins, GA 31093
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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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    110 Merlin St, Warner Robins, GA, 31093
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