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

    1877 Houston Ave Macon, GA 31201-2949

    • Office Properties & Spaces
    • 3,000 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    May 14, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2315970
    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

    • Office Properties & Spaces

    Property Details for 1877 Houston Ave

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    3,000 SF
    Zone code
    C-2
    Property type
    Office Properties & Spaces
    APN
    Q083-0440
    APU
    Q0830440

    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
    -83.6404
    Latitude
    32.8193
    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
    $1,148
    $7,536
    $31,208
    $38,744
    -
    $18,840
    $78,019
    $96,859

    Comparable in this City

    • Value Estimation by Request

      1090 Washington Ave

      Office Properties & Spaces
      1090 Washington Ave, Macon, GA 31201
      View Details
    • Value Estimation by Request

      200 Cherry St

      Coworking space
      200 Cherry St, Macon, GA 31201
      View Details
    • Value Estimation by Request
      1,344 SF

      1083 Washington Ave

      OFFICE (GENERAL) • 1,344 SF
      1083 Washington Ave, Macon, GA 31201-6722
      View Details
    • Value Estimation by Request
      38,951 SF

      187 Lowr Poplar St

      OFFICE (GENERAL) • 38,951 SF
      187 Lowr Poplar St, Macon, GA 31201
      View Details
    • Value Estimation by Request
      7,172 SF

      544 Mulberry St

      OFFICE (GENERAL) • 7,172 SF
      544 Mulberry St, Macon, GA 31201-2770
      View Details
    • Value Estimation by Request
      7,718 SF

      740 Mulberry St

      OFFICE (GENERAL) • 7,718 SF
      740 Mulberry St, Macon, GA 31201-2602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,320 SF

      Macon Executive Office Building

      12,320 SF Office, Ample Parking, High Visibility
      1691 Forsyth St, Macon, GA 31201
      View Details
    • $495,000
      4,100 SF

      4,100 ± SF Professional / Medical Office Building For Sale

      4,100 ± SF Professional / Medical Office Building For Sale
      1867 Forsyth Street, Macon, GA 31201
      View Details
    • $539,000
      6 SF

      Storefront Retail/Office Building For Sale

      6,732± SF, three-story storefront retail/office building in Macon, GA.
      391 2Nd 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
    • $35,000
      0.15 Acres

      Residential Lot in Bealls Hills

      Residential lot in Macon's historic Bealls Hills district.
      980 Highland Ter, Macon, GA 31201
      View Details
    • Contact for pricing

      Acre of Raw Land

      One acre of raw land in a rural location.
      9989 Old Gordon Rd, Macon, GA 31201
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      120,000 SF

      Gateway Plaza: Macon Office Space

      Class A Macon office suites, 2,000-5,087 sq ft.
      300 Mulberry St, 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
    • $15 SF/Yr
      847 SF

      Macon Office Suites: Prime Downtown Location

      Three modern offices, walk to courthouses.
      544 Mulberry St, Macon, GA 31201
      View Details
    • $198 SF/Yr
      2,050 SF

      Downtown Macon Office Space

      Prime location, flexible suites available.
      1090 Washington Ave, Macon, GA 31201
      View Details
    • Contact for pricing
      12,320 SF

      Forsyth Street Executive Office Space

      Macon, GA Executive Office Building For Lease
      1691 Forsyth St, Macon, GA 31201
      View Details
    • $198 SF/Yr
      2,550 SF

      Macon Office Space: 2550 sq ft

      Prime Macon office space available.
      1090 Washington Ave, 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.
    1877 Houston Ave
    Macon, GA 31201-2949
    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.