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    Property profile & analytics

    223 Main St Madison, GA 30650-1351

    • Medical offices
    • 2,045 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US22-3570453
    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

    • Advanced Family Eye Care / Optometrist
    • Kenneth R. Tennant, OD / Optometrist
    • Ellerman Angela OD / Optometrist

    Property Details for 223 Main St

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    2,045 SF
    Zone code
    P2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    M09 067
    APU
    M09067

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $350,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $425,000
      Mixed-Use
      $380,000
      Hospitality
      $320,000
      Educational
      $340,000
      Residential Income
      $410,000
      Energy
      $435,000
      Income-Based Land
      $420,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morgan
    State
    Georgia
    Longitude
    -83.4693
    Latitude
    33.5949
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    $3,125
    $32,172
    $72,237
    $104,409
    -
    $80,430
    $180,593
    $261,023

    Comparable in this City

    • Value Estimation
      $585,000
      9,828 SF

      1880 Bethany Rd

      MEDICAL BUILDING • 9,828 SF
      1880 Bethany Rd, Madison, GA 30650-4702
      View Details
    • Value Estimation
      $300,000
      3,605 SF

      1820 Bethany Rd

      MEDICAL BUILDING • 3,605 SF
      1820 Bethany Rd, Madison, GA 30650-4701
      View Details
    • Value Estimation
      $205,000
      3,763 SF

      1075 Cornwall Dr

      MEDICAL BUILDING • 3,763 SF
      1075 Cornwall Dr, Madison, GA 30650
      View Details
    • Value Estimation
      $315,000
      7,800 SF

      1550 Eatonton Rd

      MEDICAL BUILDING • 7,800 SF
      1550 Eatonton Rd, Madison, GA 30650-4627
      View Details
    • Value Estimation
      $410,000
      1,480 SF

      480 Hancock St

      MEDICAL BUILDING • 1,480 SF
      480 Hancock St, Madison, GA 30650-1343
      View Details
    • Value Estimation
      $385,000
      1,468 SF

      1030 Barclay Dr

      MEDICAL BUILDING • 1,468 SF
      1030 Barclay Dr, Madison, GA 30650-4621
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

    • $750 /Mo
      1,198,336 SF

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      Cost-effective office solutions for professionals and small businesses.
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      Madison Office Suite For Rent

      Office suite near I-20 with flexible layout.
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    • $1,985 /Mo
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      Office space available for rent in Madison, Georgia.
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    • $13 SF/Yr
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      Madison GA Warehouse For Lease

      New 6,000 SF Warehouse, Climate Controlled
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    • $7 SF/Yr
      13,813 SF

      Former Retail Building Near I-20

      Former Rite Aid building near Chick-Fil-A, Walmart, and I-20.
      1770 Eatonton Rd, Madison, GA 30650
      View Details
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    223 Main St
    Madison, GA 30650-1351
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    Realmo Value Estimation

    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.

    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.

    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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