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

    2351 Hubbard Rd Macon, GA 31217-5822

    • Office Properties & Spaces
    • 14,620 SF
    • 6.90 lot acres
    OFF-MARKET
    Last Sale
    Nov 30, 2022
    $3,300,000
    Value Estimations
    $2,620,000
    Show details
    Cap Rate Potential
    4.7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US22-2434274
    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

    • Equip Exports LLC / Recycling Center
    • Southern Logistics / Rental
    • Equip Recycling LLC | R2 V3 certified Recycling Company in Georgia / Recycling Center
    • MYRON WINERY / Winery
    • A.G. Pools & Spas / Swimming Pool Contractor

    Property Details for 2351 Hubbard Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    6.90 lot acres
    Property size
    14,620 SF
    Zone code
    M-2
    Property type
    Office Properties & Spaces
    APN
    V083-0012
    APU
    V0830012

    Description

    This 50,000-square-foot warehouse, measuring 250 feet by 200 feet, is located in Macon, Georgia, at 2351 Hubbard Rd, Bldg A, zip code 31217, in Bibb County. Built in 1998, the single-story building features durable pre-galvanized steel construction and a sprinkler system. The warehouse boasts a 24' to 30' ceiling height, with 80-foot by 30-foot column spacing, maximizing space efficiency. Three dock-high doors and one ground-level door ensure smooth loading and unloading. Inside, there's a 12' x 16' office with two restrooms. New warehouse lighting has been recently installed, and some existing racking is available. The property is zoned M-2. The owner is willing to build out the space to suit a qualified tenant's needs. The location offers easy access to I-16 and proximity to Ocmulgee East Industrial Park, as well as businesses such as YKK, GEICO, Herbert Smart Airport, Southeast Culvert, Blue Bird, and PODS Moving & Storage. Ample front and rear parking is available, accommodating trucks and trailers, with potential for additional parking. The lease type is NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,955,000
      ML approach
      $3,145,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,305,000
      6.5%
      $2,125,000
      7%
      $1,975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,359,000
      Market price range: $731k - $2.36M
      AI Estimate
      $2,416,000
      Market price range: $292k - $2.42M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,345,000
      MEDICAL BUILDING
      $1,875,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.5619
    Latitude
    32.8191
    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
    $39,100
    $69,720
    $1,311,747
    $1,381,467
    -
    $174,300
    $3,279,367
    $3,453,667

    Comparable in this City

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      View Details
    • Value Estimation
      $870,000
      360 SF

      859 Joe Tamplin Industrial Blvd

      OFFICE (GENERAL) • 360 SF
      859 Joe Tamplin Industrial Blvd, Macon, GA 31217-7616
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    • Value Estimation
      $255,000
      16,560 SF

      2201 Trade Dr

      OFFICE (GENERAL) • 16,560 SF
      2201 Trade Dr, Macon, GA 31217-4749
      View Details
    • Value Estimation
      $235,000
      11,000 SF

      1950 Emery Hwy

      OFFICE (GENERAL) • 11,000 SF
      1950 Emery Hwy, Macon, GA 31217-4726
      View Details
    • Value Estimation
      $320,000
      5,152 SF

      3552 Masseyville Rd

      OFFICE (GENERAL) • 5,152 SF
      3552 Masseyville Rd, Macon, GA 31217
      View Details
    • Value Estimation by Request
      1,250 SF

      180 Emery Hwy

      Office Properties & Spaces • 1,250 SF
      180 Emery Hwy, Macon, GA 31217
      View Details

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      0.13 Acres

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    Similar Nearby for Lease

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    • $750 /Mo
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      View Details
    • $8 SF/Yr
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      View Details
    • $6 SF/Yr
      5,000 SF

      Former Auto Repair Shop Available

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    • $4 SF/Yr
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      View Details
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    2351 Hubbard Rd
    Macon, GA 31217-5822
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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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