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    235 Northwest Industrial Blvd Macon, GA 31216
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    235 Northwest Industrial Blvd Macon, GA 31216

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    • Refrigerated & Cold Storage
    • 113,895 SF
    • 10.00 lot acres
    For Lease
    $6,430,000
    View Listing →
    Refrigerated Warehouse Space Available For Lease
    $6,430,000
    135,102 SF

    Refrigerated Warehouse Space Available

    135,102 SF refrigerated warehouse with freezer space for rent.

    235 Northwest Industrial Boulevard, Macon, GA 31216
    View Listing
    Property ID
    US22-2035939
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lineage / Storage Facility / Warehouse & Storage

    Property Details for 235 Northwest Industrial Blvd

    Year built
    1999
    Lot size
    10.00 lot acres
    Property size
    113,895 SF
    Zone code
    M-1
    Property type
    Refrigerated & Cold Storage
    APN
    P150-0015
    APU
    P1500015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,947,000
      Market price range: $2.29M - $7.09M
      AI Estimate
      $7,103,000
      Market price range: $1.94M - $10.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,335,000
      Current use
      RETAIL STORES
      $10,045,000
      Change: +132% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $9,520,000
      Change: +120% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $8,645,000
      Change: +100% Conversion: Easy
      AUTO REPAIR, GARAGE
      $7,960,000
      Change: +84% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6604
    Latitude
    32.698
    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
    2024
    $54,959
    $51,817
    $2,112,188
    $2,164,005
    -
    $129,542
    $5,280,471
    $5,410,013

    Comparable in this City

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      4295 Fulton Ml Rd

      WAREHOUSE, STORAGE • 2,800 SF
      4295 Fulton Ml Rd, Macon, GA 31216
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      923 SF

      6301 Hawkinsville Rd

      WAREHOUSE, STORAGE • 923 SF
      6301 Hawkinsville Rd, Macon, GA 31216-5851
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    • Value Estimation by Request
      4,500 SF

      5314 Bankston Lk Rd

      WAREHOUSE, STORAGE • 4,500 SF
      5314 Bankston Lk Rd, Macon, GA 31216
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    • Value Estimation
      $8,845,000
      100,000 SF

      3275 Avondale Ml Rd

      WAREHOUSE, STORAGE • 100,000 SF
      3275 Avondale Ml Rd, Macon, GA 31216
      View Details
    • Value Estimation
      $600,000
      10,000 SF

      2241 Barnes Rd

      WAREHOUSE, STORAGE • 10,000 SF
      2241 Barnes Rd, Macon, GA 31216-5001
      View Details

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      29-acre industrial site with warehouse near major transportation routes.
      220 Cargill Rd, Macon, GA 31216
      View Details
    • $1,178,500
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      162.21 acres with lake, creek, and income potential.
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      Residential lot with waterfront view in a golf course community.
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      1.70 acre commercial land with convenient highway access.
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      Land Near Middle Georgia Airport

      Approximately 3 acres of land near regional airport.
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      Commercial Land Near Amazon Center

      1.33 acre commercial land near Houston Road and Amazon.
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    Similar Nearby for Lease

    • Contact for pricing
      135,102 SF

      Refrigerated Warehouse Space Available

      135,102 SF refrigerated warehouse with freezer space for rent.
      235 Northwest Industrial Blvd, Macon, GA 31216
      View Details
    • Contact for pricing
      45,709 SF

      Macon Warehouse Space Available

      Industrial warehouse space available for lease in Macon, Georgia.
      7595 Industrial Hwy, Macon, GA 31216
      View Details
    • Contact for pricing

      One Acre Gravel Lot

      One-acre gravel lot suitable for various business uses.
      5300 Hawkinsville Rd, Macon, GA 31216
      View Details
    • Contact for pricing

      Commercial Land Parcels Available

      Multiple commercial land outparcels available for lease.
      5250 Sardis Church Rd, Macon, GA 31216
      View Details
    • Contact for pricing

      Commercial Development Site For Lease

      4.09 acre commercial development site with high visibility.
      4199 Hartley Bridge Rd, Macon, GA 31216
      View Details
    View Listing
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    235 Northwest Industrial Blvd
    Macon, GA 31216
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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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