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    2020 Bowman Park Macon, GA 31210-5782
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    Property profile & analytics

    2020 Bowman Park, Macon, GA 31210-5782

    View on Map
    • Hotels
    • 27,423 SF
    • 1.37 lot acres
    Off-Market
    Last Sale Dec 21, 2021
    $3,800,000
    Property ID
    US22-2332103
    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
    $3,445,000
    Show details
    Cap Rate Potential
    6%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Microtel Inn & Suites by Wyndham Macon / Hotel & Motel

    Property Details for 2020 Bowman Park

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.37 lot acres
    Zone code
    PDE
    Property type
    Hotels
    APN
    K003-0524
    APU
    K0030524

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2021 — Bowman Hospitality LLC Nova Hospitality LLC Quit Claim Deed · related —
    Dec 21, 2021 $3,800,000 Bowman Hospitality LLC Nova Hospitality LLC Limited Warranty Deed $3.1M · American Pride Bank
    Mar 16, 2016 $1,713,923 Nova Hospitality LLC D & G Developers LLC Grant Deed $1.9M · Citizens Bk/cochran
    Jun 18, 2008 $500,000 D & G Developers LLC Bowman Rd LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,305,000
      ML approach
      $3,255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,320,000
      6.5%
      $3,065,000
      7%
      $2,845,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,190,000
      Current use
      RESTAURANT
      $4,400,000
      Change: +101% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,075,000
      Change: +86% Conversion: Difficult
      MEDICAL BUILDING
      $3,520,000
      Change: +61% Conversion: Difficult
      RETAIL STORES
      $2,420,000
      Change: +10% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,290,000
      Change: +5% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,080,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7271
    Latitude
    32.9251
    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
    $21,920
    $114,948
    $625,052
    $740,000
    -
    $287,370
    $1,562,630
    $1,850,000

    Comparable in this City

    • Value Estimation
      $6,125,000
      70,900 SF

      200 Macon St

      HOTEL
      200 Macon St, Macon, GA 31210-6558
      View Details
    • Value Estimation
      $4,435,000
      50,918 SF

      3954 Riv Pl Dr

      HOTEL
      3954 Riv Pl Dr, Macon, GA 31210-1724
      View Details
    • Value Estimation
      $5,195,000
      86,477 SF

      3944 Riv Pl Dr

      HOTEL
      3944 Riv Pl Dr, Macon, GA 31210-1724
      View Details
    • Value Estimation
      $7,625,000
      56,755 SF

      3990 Sheraton Dr

      HOTEL
      3990 Sheraton Dr, Macon, GA 31210-1721
      View Details
    • Value Estimation
      $1,275,000
      14,172 SF

      150 Plantation Inn Dr

      HOTEL
      150 Plantation Inn Dr, Macon, GA 31210-2075
      View Details
    • Value Estimation
      $2,675,000
      42,009 SF

      3969 Riv Pl Dr

      HOTEL
      3969 Riv Pl Dr, Macon, GA 31210
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land I-75 Visibility

      Land suitable for hotel, retail, or restaurant development.
      130 Starcadia Cir, Macon, GA 31210
      View Details
    • $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.
      660 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      0.44 acre commercial land with utilities and parking.
      6340 Peake Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      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

    • Contact for pricing
      4,800 SF

      Retail Space with High Visibility

      Retail space with ample parking and convenient highway access.
      156-254 Tom Hill Sr Blvd, Macon, GA 31210
      View Details
    • $13 SF/Yr
      4,232 SF

      Plantation Commons Office Suite

      Macon, GA Office Space Available
      125 Plantation Centre Dr, Macon, GA 31210
      View Details
    • $600 /Mo

      North Macon Office Suites

      Multi-tenant office park with suites available for lease.
      3902 Northside Dr, Macon, GA 31210
      View Details
    • Contact for pricing
      2,760 SF

      Retail Space in Macon, GA

      Retail space available for lease in Macon, Georgia.
      205 Charter Ln, Macon, GA 31210
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in North Macon Plaza

      Retail space available in a busy shopping center.
      1625 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing

      End-Cap Storefront Retail Space

      Highly visible 1,500 SF end-cap storefront retail space for lease.
      1687 Bass Rd, Macon, GA 31210
      View Details
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    Macon, GA 31210-5782
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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.

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