Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17997 Ga Hwy 129 Macon, GA 31217-8451
    Back to Search
    Property profile & analytics

    17997 Ga Hwy 129, Macon, GA 31217-8451

    View on Map
    • Commercial real estate
    • 1,280 SF
    • 4.00 lot acres
    Off-Market
    Property ID
    US22-3361293
    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

    • Commercial real estate

    Property Details for 17997 Ga Hwy 129

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.00 lot acres
    Zone code
    C-1
    Property type
    Commercial real estate
    APN
    T008B 141
    APU
    T008B141

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 19, 2019 — Rose Sangster Thompson Shayne P Thompson Quit Claim Deed · related —

    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
    Macon
    County
    Twiggs
    State
    Georgia
    Longitude
    -83.5574
    Latitude
    32.7215
    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
    $508
    $6,400
    $7,754
    $14,154
    -
    $16,000
    $19,384
    $35,384

    Comparable in this City

    • Value Estimation by Request

      17885 Ga Hwy 129

      COMMERCIAL (GENERAL)
      17885 Ga Hwy 129, Macon, GA 31217-8572
      View Details
    • Value Estimation by Request
      0.29 Acres

      889 Cowan St

      COMMERCIAL (GENERAL)
      889 Cowan St, Macon, GA 31217-4073
      View Details
    • Value Estimation by Request
      2.74 Acres

      2320 Jeffersonville Rd

      COMMERCIAL (GENERAL)
      2320 Jeffersonville Rd, Macon, GA 31217-4623
      View Details
    • Value Estimation by Request
      440 SF

      3350 Jeffersonville Rd

      COMMERCIAL (GENERAL)
      3350 Jeffersonville Rd, Macon, GA 31217-5145
      View Details
    • Value Estimation by Request
      159.61 Acres

      947 Bellhouse Rd

      Land
      947 Bellhouse Rd, Macon, GA 31217
      View Details
    • Value Estimation by Request
      1.20 Acres

      4816 Ocmulgee East Blvd

      Land
      4816 Ocmulgee East Blvd, Macon, GA 31217
      View Details

    Similar Nearby for Sale

    • $1,200,000
      2,136 SF

      Macon Highway Commercial Land Opportunity

      High-traffic location, endless potential.
      2787 Emery Hwy, Macon, GA 31217
      View Details
    • $195,900
      1,376 SF

      Macon Commercial Property: Huge Potential

      Versatile building, ample parking, great location.
      3272 Jeffersonville Rd, Macon, GA 31217
      View Details
    • Contact for pricing

      Industrial Site Near I-75 & I-16

      5+/- acre industrial site near major interstates.
      4290 Lakeside Rd, Macon, GA 31217
      View Details
    • Contact for pricing
      0.36 Acres

      Macon, GA Land Lot

      Land lot available in Macon, Georgia.
      2776 Stanley Dr, Macon, GA 31217
      View Details
    • Contact for pricing
      1.60 Acres

      Residential Land in East Macon

      1.6 acre residential lot, ready for new construction.
      3009 Millerfield Rd, Macon, GA 31217
      View Details
    • $36,240
      4.53 Acres

      Residential Land in Macon, GA

      4.53-acre wooded lot, ideal for custom home.
      120 Oneal Dr, Macon, GA 31217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      780,000 SF

      Spacious Industrial Campus for Lease

      Large fenced industrial campus with 24-hour security.
      2600 Weaver Rd, Macon, GA 31217
      View Details
    • Contact for pricing
      29,550 SF

      Macon Warehouse with Dock Doors

      29,550 SF warehouse on 4.67 acres with dock doors.
      2225 Ronald Ave, Macon, GA 31217
      View Details
    • Contact for pricing

      Flexible Commercial Property in Macon

      Multi-suite commercial property with medical and retail spaces for lease.
      180 Emery Hwy, Macon, GA 31217
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      50,000 SF warehouse with office space for lease.
      4114 Riggins Mill Rd, Macon, GA 31217
      View Details
    • $4 SF/Yr

      Industrial Space Available For Lease

      33,000 SF industrial space available for lease in Macon, GA.
      580 Joe Tamplin Industrial Blvd, Macon, GA 31217
      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.
    17997 Ga Hwy 129
    Macon, GA 31217-8451
    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
    17997 Ga Hwy 129, Macon, GA, 31217
    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!