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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    116 Riverside Pkwy Macon, GA 31210

    • Office Properties & Spaces
    • 9,593 SF
    • 0.68 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Aug 18, 2023
    $805,000
    Value Estimations
    $740,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2494773
    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

    • 331Innovations.com- Monogramming Boutique, Vinyl Supply, Custom Apparel / Vinyl Sign Shop / Custom T-Shirt Store
    • Pulliam Law Firm / Attorney

    Property Details for 116 Riverside Pkwy

    Year built
    1996
    Lot size
    0.68 lot acres
    Property size
    9,593 SF
    Zone code
    C-2
    Property type
    Office Properties & Spaces
    APN
    N041-0047
    APU
    N0410047

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $705,000
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $675,000
      Market price range: $433k - $1.17M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6896
    Latitude
    32.901
    CBSA code
    31420
    CBSA name
    MACON, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,667
    $57,802
    $336,090
    $393,892
    -
    $144,504
    $840,226
    $984,730

    Comparable in this City

    • Value Estimation by Request
      1,512 SF

      4008 Vineville Ave

      OFFICE (GENERAL) • 1,512 SF
      4008 Vineville Ave, Macon, GA 31210-5038
      View Details
    • Value Estimation
      $1,495,000
      19,887 SF

      118 Preston Ct

      OFFICE (GENERAL) • 19,887 SF
      118 Preston Ct, Macon, GA 31210-5768
      View Details
    • Value Estimation
      $3,115,000
      15,280 SF

      3312 Northside Dr

      OFFICE (GENERAL) • 15,280 SF
      3312 Northside Dr, Macon, GA 31210-2500
      View Details
    • Value Estimation by Request
      5,338 SF

      152 Crst Blvd

      OFFICE (GENERAL) • 5,338 SF
      152 Crst Blvd, Macon, GA 31210-1846
      View Details
    • Value Estimation by Request
      4,480 SF

      135 Crst Blvd

      OFFICE (GENERAL) • 4,480 SF
      135 Crst Blvd, Macon, GA 31210-1845
      View Details
    • Value Estimation
      $5,700,000
      20,500 SF

      105 Gtwy Dr

      OFFICE (GENERAL) • 20,500 SF
      105 Gtwy Dr, Macon, GA 31210-1284
      View Details

    Similar Nearby for Sale

    • $1,395,000
      16,000 SF

      Macon Executive Office Complex

      High-yield Macon office building, 16,000 SF
      110 Holiday Dr, Macon, GA 31210
      View Details
    • $75,000
      2,500 SF

      Prime Macon Executive Office Space

      $75K, 2500 SF, Build-to-Suit Ready
      900 Northside Xing, Macon, GA 31210
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    • $589,000
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      Macon Office Building: Prime Location

      Two-suite office building, fully occupied.
      125 Plantation Centre Dr, Macon, GA 31210
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    • $325,000
      2,904 SF

      3931 Ridge Ave

      Coworking space • 2,904 SF
      3931 Ridge Ave, Macon, GA 31210
      View Details
    • $490,000
      2,100 SF

      Macon Office Building - $490K

      2,100 SF Office Building, Macon, GA
      3989 Arkwright Rd, Macon, GA 31210
      View Details
    • $566,400
      9.44 Acres

      Macon, GA Land: 9.44 Acres

      Prime Macon development land, ideal for multifamily or office.
      4140 Arkwright Rd, Macon, GA 31210
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      8,163 SF

      Riverside North Office Space Macon, GA

      Macon office space, flexible layouts.
      3040 Riverside Dr, Macon, GA 31210
      View Details
    • $13 SF/Yr
      4,232 SF

      Plantation Commons Office Suite

      Macon, GA Office Space Available
      125 Plantation Centre Dr, Macon, GA 31210
      View Details
    • $19 SF/Yr
      9,000 SF

      Pinnacle Point Macon Office Space

      Macon, GA office/retail space available.
      1687 Bass Rd, Macon, GA 31210
      View Details
    • $21 SF/Yr
      6,000 SF

      Macon Office Space: Bass Road

      Prime Macon office space, multiple suites available.
      1760 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      14,000 SF

      330 Corporate Parkway: Flex Space Available

      14,000 SF Flex Space; Bibb County
      330 Corporate Pkwy, Macon, GA 31210
      View Details
    • $10 SF/Yr
      10,000 SF

      Macon Office Space Available

      Prime Macon office space, 3,862 sq ft.
      3220 Riverside Dr, Macon, GA 31210
      View Details
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    116 Riverside Pkwy
    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
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