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    2455 Pio Nono Ave Macon, GA 31206-2829
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    Property profile & analytics

    2455 Pio Nono Ave, Macon, GA 31206-2829

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    • Turn key restaurants
    • 5,642 SF
    • 1.27 lot acres
    Off-Market
    Last Sale Sep 8, 2020
    $265,000
    Property ID
    US22-4696531
    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

    • Overtyme Bar & Grill / Bar & Pub / Restaurant

    Property Details for 2455 Pio Nono Ave

    Year built
    1994
    Construction
    CONCRETE BLOCKS
    Lot size
    1.27 lot acres
    Zone code
    C-2
    Property type
    Turn key restaurants
    APN
    O084-0301
    APU
    O0840301

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 8, 2020 — 360 Automotive Group INC Resources Corp Psp Quit Claim Deed · related —
    May 14, 2018 — 360 Automotive Group INC — Trustees Deed · related $255k · Realty Rsrcs Corp Psp
    Dec 7, 2012 $265,000 360 Automotive Group INC Realty Resources Corp Psp Grant Deed $239k · Realty Resources Corp Psp
    Dec 4, 2012 $265,000 360 Automotive Grp INC Lipsitz,ronald Tr Grant Deed —
    Sep 12, 2012 $299,493 Ronald Lipsitz Realty Resouces Corp Psp Trustees Deed · related —
    Sep 4, 2012 $299,494 Lipsitz,ronald Tr Giannakouros,nikitas P Grant Deed —
    Dec 8, 2006 $440,000 Nikitas P Giannakourous Buckingham Resources Corp Warranty Deed $58k · Capital Mortgage Corp
    Dec 8, 2006 — Buckingham Resources Corp Macon Realty Warranty Deed · related —
    Dec 1, 2006 — Andreas Moshopoulos Giannakouros Nikitas Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6634
    Latitude
    32.8162
    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
    $5,784
    $116,257
    $79,006
    $195,263
    -
    $290,642
    $197,516
    $488,158

    Comparable in this City

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      $855,000
      1,705 SF

      4094 Pio Nono Ave

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      4094 Pio Nono Ave, Macon, GA 31206-3046
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    • Value Estimation
      $1,160,000
      10,715 SF

      5056 Eisenhower Pkwy

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      2,256 SF

      3947 Houston Ave

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      3947 Houston Ave, Macon, GA 31206-2515
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    • Value Estimation by Request
      3,324 SF

      3439 Pio Nono Ave

      RESTAURANT
      3439 Pio Nono Ave, Macon, GA 31206-3033
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    • Value Estimation by Request
      640 SF

      2148 Pio Nono Ave

      RESTAURANT
      2148 Pio Nono Ave, Macon, GA 31206
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    • Value Estimation by Request
      1,071 SF

      2196 Pio Nono Ave

      RESTAURANT
      2196 Pio Nono Ave, Macon, GA 31206-2802
      View Details

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      14,504 SF

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      Family Dollar Anchored Retail Site

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      Turnkey Auto Repair Business Opportunity

      Fully equipped auto repair business for sale on Houston Avenue.
      2644 Houston Ave, Macon, GA 31206
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    • New
      $485,000
      2,809 SF

      Turnkey Auto Repair Business Opportunity

      Fully equipped auto repair business for sale in Macon, GA.
      2644 Houston Ave, Macon, GA 31206
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    • $150,000
      Pending

      Commercial Property in Macon, Georgia

      Commercial property for sale in Macon, Georgia with parking lot.
      2290 Pio Nono Ave, Macon, GA 31206
      View Details
    • Contact for pricing
      74,596 SF

      Eisenhower Parkway Retail Opportunity

      Retail property available on Eisenhower Parkway in Macon, Georgia.
      1689 Eisenhower Pkwy, Macon, GA 31206
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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space Near Macon Mall

      10,350 SF restaurant space with high traffic count.
      3709 Bloomfield Rd, Macon, GA 31206
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    • Contact for pricing

      Pio Nono Avenue Commercial Space

      Commercial space available for lease on Pio Nono Avenue.
      3710 Pio Nono Ave, Macon, GA 31206
      View Details
    • Contact for pricing

      Commercial Land Near Interstate

      Commercial land available for rent with high traffic volume.
      4290 Pio Nono Ave, Macon, GA 31206
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    • Contact for pricing

      Turn Key Restaurant Available

      Fully equipped restaurant available for rent now.
      4640 Presidential Pkwy, Macon, GA 31206
      View Details
    • Contact for pricing
      1,200 SF

      Storefront Retail Space Available

      1,200 SF storefront retail space for lease.
      4406 Mercer University Dr, Macon, GA 31206
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Retail space available in a high-traffic Macon location.
      3355 Pio Nono Ave, Macon, GA 31206
      View Details
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    Macon, GA 31206-2829
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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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