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

    1855 Felton Ave Macon, GA 31201-2879

    • Golf courses & driving ranges
    • 87,002 SF
    • 3.73 lot acres
    OFF-MARKET
    Value Estimations
    $13,680,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2463106
    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

    • Tindall Seniors Towers / Apartment Complex

    Property Details for 1855 Felton Ave

    Year built
    2017
    Lot size
    3.73 lot acres
    Property size
    87,002 SF
    Zone code
    PDR/R-3
    Property type
    Golf courses & driving ranges
    APN
    P082-0377
    APU
    P0820377

    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
    -83.6498
    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
    $76,079
    $225,880
    $2,342,544
    $2,568,424
    -
    $564,701
    $5,856,361
    $6,421,062

    Comparable in this City

    • Value Estimation
      $1,735,000
      4,966 SF

      1850 Tindall Ave

      COUNTRY CLUB • 4,966 SF
      1850 Tindall Ave, Macon, GA 31201-2300
      View Details
    • Value Estimation
      $9,120,000
      2,130 SF

      1760 Riverside Dr

      COUNTRY CLUB • 2,130 SF
      1760 Riverside Dr, Macon, GA 31201
      View Details
    • Value Estimation
      $2,020,000
      12,370 SF

      519 Plum St

      RECREATIONAL, ENTERTAINMENT • 12,370 SF
      519 Plum St, Macon, GA 31201
      View Details
    • Value Estimation
      $3,150,000
      19,866 SF

      745 Poplar St

      RECREATIONAL, ENTERTAINMENT • 19,866 SF
      745 Poplar St, Macon, GA 31201-2032
      View Details
    • Value Estimation by Request
      9,088 SF

      450 Martin Luther King Jr Blvd

      ARENA, CONVENTION CENTER • 9,088 SF
      450 Martin Luther King Jr Blvd, Macon, GA 31201-3370
      View Details
    • Value Estimation
      $1,705,000
      10,284 SF

      315 College St

      RECREATIONAL, ENTERTAINMENT • 10,284 SF
      315 College St, Macon, GA 31201-7231
      View Details

    Similar Nearby for Sale

    • $425,000
      0.27 Acres

      Macon Auto Shop - Prime Location

      Downtown Macon Retail/Warehouse Opportunity
      753 Martin Luther King Jr Blvd, Macon, GA 31201
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    • $35,000
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      Residential Lot in Bealls Hills

      Residential lot in Macon's historic Bealls Hills district.
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    • Contact for pricing

      Acre of Raw Land

      One acre of raw land in a rural location.
      9989 Old Gordon Rd, Macon, GA 31201
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    • Contact for pricing
      0.12 Acres

      Vacant Corner Lot Near Downtown

      Vacant corner lot near downtown Macon, close to amenities.
      553 Edgewood Ave, Macon, GA 31201
      View Details
    • $539,000
      0.05 Acres

      Downtown Macon Retail Opportunity

      Prime Macon location, 6,732 SF retail/office
      391 2Nd St, Macon, GA 31201
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    • $500,000
      3.02 Acres

      Macon Industrial Land: 3.02 Acres

      Prime Macon industrial land, ideal for development.
      112 Lower Poplar St, Macon, GA 31201
      View Details

    Similar Nearby for Lease

    • $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
    • $10 SF/Yr
      1,150 SF

      Macon Medical Office Space Available

      Medical office suite for lease near Walnut and Spring intersection.
      885 Walnut St, Macon, GA 31201
      View Details
    • $1,750 /Mo
      1,300 SF

      Storefront Retail / Office Space

      1,300± SF retail/office space with open layout in Macon, GA.
      811 Forsyth St, Macon, GA 31201
      View Details
    • $16 SF/Yr
      2,600 SF

      Restaurant Space with Mezzanine

      2,600± SF restaurant space with updated features for lease.
      428 2Nd St, Macon, GA 31201
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    • Contact for pricing
      67,580 SF

      Cherry Street Executive Suites

      Bibb County Office Space Available
      606 Cherry 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
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    1855 Felton Ave
    Macon, GA 31201-2879
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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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