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    1800 Wesleyan Dr Macon, GA 31210-1001
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    Property profile & analytics

    1800 Wesleyan Dr, Macon, GA 31210-1001

    View on Map
    • Golf courses & driving ranges
    • 3,902 SF
    • 53.40 lot acres
    Off-Market
    Last Sale Sep 20, 2021
    $23,000,000
    Property ID
    US22-2582651
    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
    $22,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Legacy at River Crossing / Apartment Complex / Apartment Building
    • Coco luxe bath & body bar / Cosmetic Store
    • Candy Paint Nailz / Nail Salon

    Property Details for 1800 Wesleyan Dr

    Year built
    1986
    Construction
    FRAME
    Lot size
    53.40 lot acres
    Zone code
    PDE
    Property type
    Golf courses & driving ranges
    APN
    L003-0095
    APU
    L0030095

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 23, 2022 — Cox Communications Georgia LLC Cmf Legacy At River Crossing LLC Agreement Of Sale —
    Sep 20, 2021 $23,000,000 Legacy At River Crossing Macon LLC Cmf Legacy At River Crossing LLC Limited Warranty Deed $18.3M · Berkadia Commercial Mortgage LLC
    Jul 22, 2019 $14,680,000 Cmf Legacy At River Crossing LLC River Crossing Associates LLC Limited Warranty Deed —
    Jan 4, 2016 $12,600,000 River Crossing Associates LLC Vr Legacy At Wesleyan LP Grant Deed $9.5M · Greystone Svcg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,000,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7204
    Latitude
    32.9263
    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
    $213,418
    $1,388,400
    $3,163,921
    $4,552,321
    -
    $3,471,000
    $7,909,803
    $11,380,803

    Comparable in this City

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      $10,065,000
      2,816 SF

      3896 Riverside Dr

      COUNTRY CLUB
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      3,860 SF

      4658 Mercer University Dr

      COUNTRY CLUB
      4658 Mercer University Dr, Macon, GA 31210-5600
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    • Value Estimation
      $1,425,000
      1,039 SF

      444 Frst Hl Rd

      COUNTRY CLUB
      444 Frst Hl Rd, Macon, GA 31210-4800
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      $21,600,000
      2,366 SF

      200 Charter Ln

      COUNTRY CLUB
      200 Charter Ln, Macon, GA 31210-4534
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    • Value Estimation
      $17,255,000
      1,452 SF

      3300 Ingle Pl

      COUNTRY CLUB
      3300 Ingle Pl, Macon, GA 31210-2558
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    • Value Estimation
      $8,015,000
      6,222 SF

      5235 Bowman Rd

      COUNTRY CLUB
      5235 Bowman Rd, Macon, GA 31210-1256
      View Details

    Similar Nearby for Sale

    • $2,200,000
      8.39 Acres

      Macon Commercial Land For Sale

      Commercial land with development potential near I-75 and Riverside Drive.
      2151 Wesleyan Dr, Macon, GA 31210
      View Details
    • $100,000
      1.46 Acres

      Residential Land in Macon, GA

      Building lot with slab, backs to Howard Oaks Subdivision.
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      Prime Commercial Land For Sale

      0.44 acre commercial land with utilities and parking.
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      2,904 SF

      Leased Office Building For Sale

      2,904 SF office building on 1.17 acre lot.
      3931 Ridge Ave, Macon, GA 31210
      View Details

    Similar Nearby for Lease

    • $600 /Mo

      North Macon Multi-Tenant Office Park

      Multi-tenant office park with suites ranging from 100-2,000 SF.
      3902 Northside Dr, Macon, GA 31210
      View Details
    • Contact for pricing

      Riverside North Office Park Suites

      Office suites available in a well-located office park.
      3040 Riverside Dr, Macon, GA 31210
      View Details
    • Contact for pricing

      Land for Rent in Macon

      Land available for rent at 4951 Riverside Dr, Macon, GA.
      4951 Riverside Dr, Macon, GA 31210
      View Details
    • Contact for pricing
      3,400 SF

      Freestanding Building on Riverside Drive

      3,400 SF retail building with convenient freeway access.
      3960 Riverside Dr, Macon, GA 31210
      View Details
    • Contact for pricing

      Professional Office Space Available

      Modern office suite available for lease in professional building.
      105 Preston Ct, Macon, GA 31210
      View Details
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    Macon, GA 31210-1001
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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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