Sign Up Successful!
You now have access to more from Realmo!
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

    1220 Martin Luther King Jr Blvd Macon, GA 31201

    • Commercial land
    • 0.17 lot acres
    For Sale
    View listing
    $299,000
    Last Sale
    Dec 07, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2350341
    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

    • Commercial land

    Property Details for 1220 Martin Luther King Jr Blvd

    Lot size
    0.17 lot acres
    Zone code
    C-2
    Property type
    Commercial land
    APN
    Q082-0392
    APU
    Q0820392

    Description

    This exceptional 0.95-acre commercial and industrial land parcel presents a unique development opportunity in Macon, Georgia. Located at the signalized intersection of Martin Luther King Jr. Boulevard and Hazel Street, this corner lot boasts significant road frontage, ensuring high visibility and accessibility. The property is zoned C2, offering a range of potential uses. With an average daily traffic count of 16,300 vehicles, this site benefits from substantial traffic exposure. Its strategic location provides convenient access to Interstates 75 and 16, enhancing its appeal to businesses and investors. Furthermore, the property is served by the Macon Transit Authority, adding to its accessibility. The 2022 tax bill was $1,461. This prime location, coupled with its favorable zoning and high traffic volume, makes this a compelling investment opportunity for developers seeking a high-impact site in a thriving area. The property's address is 1220 Martin Luther King Jr Blvd, Macon, GA 31201, Bibb County. The asking price is $299,000.

    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
    -83.6337
    Latitude
    32.8251
    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
    $158
    $5,338
    $0.00
    $5,338
    -
    $13,345
    $0.00
    $13,345

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      1975 Gustin Pl

      VACANT COMMERCIAL LAND • 0.04 Acres
      1975 Gustin Pl, Macon, GA 31201-1251
      View Details
    • Value Estimation by Request
      0.32 Acres

      633 Monroe St

      VACANT COMMERCIAL LAND • 0.32 Acres
      633 Monroe St, Macon, GA 31201-1421
      View Details
    • Value Estimation by Request
      0.05 Acres

      555 Poplar St

      VACANT COMMERCIAL LAND • 0.05 Acres
      555 Poplar St, Macon, GA 31201-2753
      View Details
    • Value Estimation by Request
      0.06 Acres

      509 Dt Walton Sr Way

      VACANT COMMERCIAL LAND • 0.06 Acres
      509 Dt Walton Sr Way, Macon, GA 31201-2152
      View Details
    • Value Estimation by Request
      0.42 Acres

      448 Edgewood Ave

      VACANT COMMERCIAL LAND • 0.42 Acres
      448 Edgewood Ave, Macon, GA 31201-3007
      View Details
    • Value Estimation by Request
      0.34 Acres

      333 Edgewood Ave

      VACANT COMMERCIAL LAND • 0.34 Acres
      333 Edgewood Ave, Macon, GA 31201-3036
      View Details

    Similar Nearby for Sale

    • $299,000

      Corner Development Site For Sale

      Corner development site with road frontage on Martin Luther King Jr.
      1220 Martin Luther King Jr Blvd, Macon, GA 31201
      View Details
    • $35,000
      0.05 Acres

      Land Near Downtown Macon

      Level lot close to downtown, ideal for quick construction.
      254 Forest Avenue Pl, Macon, GA 31201
      View Details
    • $299,000

      Corner Development Site Available

      Corner lot suitable for development with C2 zoning.
      1220 Hazel St, Macon, GA 31201
      View Details
    • $650,000
      0.62 Acres

      Downtown Macon Corner Commercial Lot

      High-visibility corner lot in Downtown Macon with development potential.
      836 Hazel St, Macon, GA 31201
      View Details
    • $425,000
      0.56 Acres

      Macon Commercial Land: Prime Location

      0.56-acre lot, CBD-2 zoning, high visibility.
      440 Hemlock St, Macon, GA 31201
      View Details
    • $425,000
      0.27 Acres

      Macon Auto Shop - Prime Location

      Downtown Macon Retail/Warehouse Opportunity
      753 Martin Luther King Jr Blvd, Macon, GA 31201
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,660 SF

      Macon CBD Retail Space For Sale

      Prime Macon location, 1660 sq ft retail space.
      371 3Rd St, Macon, GA 31201
      View Details
    • Contact for pricing
      6,362 SF

      Downtown Macon Retail Space

      High-traffic retail space, 1,100 sq ft available
      195 Spring St, Macon, GA 31201
      View Details
    • $2,000 /Mo
      10,000 SF

      Robert E Lee Building - Suite 201 - $2,000 Per Month

      Robert E Lee Building - Suite 201 - $2,000 Per Month
      830 Mulberry Street, Macon, GA 31201
      View Details
    • Contact for pricing
      67,580 SF

      Cherry Street Executive Suites

      Bibb County Office Space Available
      606 Cherry St, Macon, GA 31201
      View Details
    • $14 SF/Yr
      2,500 SF

      Lower Level Sports Bar Venue

      Lower level sports bar with dance floor and stage.
      476 2Nd St, Macon, GA 31201
      View Details
    • $14 SF/Yr
      1,300 SF

      Storefront Retail / Office Space

      1,300 SF storefront retail/office space available for rent.
      452 1St 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.
    1220 Martin Luther King Jr Blvd
    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

    Google sign-in failed. Please try again or use another login method.