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

    1976 Greentree Pkwy Macon, GA 31220

    • Office buildings
    • 1,992 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    9.2%
    Office buildings
    Location Intelligence
    Property ID
    US22-2734336
    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 buildings

    Property Details for 1976 Greentree Pkwy

    Year built
    1953
    Lot size
    1.91 lot acres
    Property size
    1,992 SF
    Zone code
    R-1
    Property type
    Office buildings
    APN
    N072-0471
    APU
    N0720471

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $345,000
      6.5%
      $320,000
      7%
      $295,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $190,000
      RETAIL STORES
      $170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.68
    Latitude
    32.8509
    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
    $0.00
    $7,640
    $15,200
    $22,840
    -
    $19,100
    $38,000
    $57,100

    Comparable in this City

    • Value Estimation
      $215,000
      3,704 SF

      8097 Thomaston Rd, Unit LWR

      OFFICE BUILDING • 3,704 SF
      8097 Thomaston Rd, Macon, GA 31220-6019
      View Details
    • Value Estimation
      $175,000
      900 SF

      10089 Estes Rd

      OFFICE BUILDING • 900 SF
      10089 Estes Rd, Macon, GA 31220-5115
      View Details
    • Value Estimation
      $670,000
      80,558 SF

      4580 Cavalier Dr

      OFFICE BUILDING • 80,558 SF
      4580 Cavalier Dr, Macon, GA 31220-8350
      View Details
    • Value Estimation
      $195,000
      700 SF

      6950 Moseley Dixon Rd

      OFFICE BUILDING • 700 SF
      6950 Moseley Dixon Rd, Macon, GA 31220-8519
      View Details
    • Value Estimation
      $195,000
      4,800 SF

      4520 Knight Rd

      OFFICE BUILDING • 4,800 SF
      4520 Knight Rd, Macon, GA 31220-8116
      View Details
    • Value Estimation by Request
      2,028 SF

      6229 Thomaston Rd

      OFFICE (GENERAL) • 2,028 SF
      6229 Thomaston Rd, Macon, GA 31220-7715
      View Details

    Similar Nearby for Sale

    • $280,000
      5.85 Acres

      Prime Macon Agricultural Land

      5.85 Acres, $280,000
      5802 Moseley Dixon Rd, Macon, GA 31220
      View Details
    • $9,010,000
      360.40 Acres

      Macon, GA: 360-Acre Mixed-Use Tract

      Prime Macon land, residential potential. Utilities available.
      7633 Thomaston Rd, Macon, GA 31220
      View Details
    • $3,894,765

      Land Suitable for Development

      Land ideal for mixed-use residential or active adult resort.
      7359 Thomaston Rd, Macon, GA 31220
      View Details
    • $135,000
      1.23 Acres

      Waterfront Lot in Gated Community

      1.23 acre waterfront lot in gated Lake Tobesofkee community.
      511 Bluewater Bay Drive, Macon, GA 31220
      View Details
    • $3,974,250
      159.00 Acres

      Macon Land For Mixed-Use Development

      159 acre land parcel suitable for mixed-use residential development.
      Macon, GA 31220
      View Details
    • $70,000
      1.85 Acres

      Residential Lot in Gated Community

      1.85 acre residential building lot in Macon, Georgia.
      156 Peninsula Ave, Macon, GA 31220
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      20,900 SF

      Macon Retail Space: Zebulon Road

      High-traffic retail space, 3 suites available
      6443 Zebulon Rd, Macon, GA 31220
      View Details
    • $6 SF/Yr
      2,100 SF

      Macon Flex Space with Warehouse

      Flex space with warehouse and office available for rent.
      4528 Knight Rd, Macon, GA 31220
      View Details
    • Contact for pricing
      20,000 SF

      Macon, GA Industrial Warehouse Space

      20,000 SF Warehouse, Prime Macon Location
      4031 Cavalier Dr, Macon, GA 31220
      View Details
    • Contact for pricing
      66,000 SF

      Macon Retail Center Opportunity

      66,000 SF Retail Center, Macon, GA
      5581 Thomaston Rd, Macon, GA 31220
      View Details
    • Contact for pricing
      20,000 SF

      Commercial Development Site For Lease

      2± acre commercial site for lease, build to suit.
      4031-4035 Cavalier Dr, Macon, GA 31220
      View Details
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    1976 Greentree Pkwy
    Macon, GA 31220
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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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