Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2946 Riverside Dr Macon, GA 31204
    Back to Search
    Property profile & analytics

    2946 Riverside Dr, Macon, GA 31204

    View on Map
    • Car washes
    • 3,614 SF
    • 0.98 lot acres
    For Sale
    $1,600,000
    View Listing →
    Makin Klean Car Wash Opportunity For Sale
    $1,600,000

    Makin Klean Car Wash Opportunity

    Express car wash with high traffic frontage on Riverside Drive.

    2946 Riverside Dr, Macon, GA 31204
    View Listing
    Property ID
    US22-2319715
    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

    • Mako Bay of Riverside / Car Wash
    • SpeedWash Car Wash / Car Wash

    Property Details for 2946 Riverside Dr

    Year built
    2005
    Lot size
    0.98 lot acres
    Zone code
    C-4
    Property type
    Car washes
    APN
    O051-0232
    APU
    O0510232

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2024 — Wateroak Village Apartments INC — Deed · related $1.2M · Cadence Bank NA
    Apr 20, 2012 — Village Apartments In Wateroak — Trustees Deed · related $583k · State Bank & Trust
    — — Village Apartments In Wateroak — Loan Modification · related $156k · Magnet Bank Fsb
    — — Village Apartments In Wateroak — Deed Of Trust · related $601k · Ga Resource Capital
    — — Village Apartments In Wateroak — Deed Of Trust · related $596k · State Bank & Trust

    Description

    This exceptional car wash facility in Macon, Georgia, presents a lucrative investment opportunity. The 3,614 square foot property, built in 2005 and situated on a one-acre lot in a high-traffic area (24,500+ VPD in 2022), boasts a 1,995 square foot automatic car wash featuring recently updated equipment (June/July 2021). This includes a new 115-foot conveyor, tunnel controller, pay station, and pay hut from ICS, a leading provider of car wash technology. The facility also includes a 1,008 square foot self-service vacuum area with 15 high-powered Vacutech vacuums and a new canopy (June/July 2021). A 611 square foot office space was freshly painted in April 2023. The property features a large electric pylon sign for excellent visibility. Water reclaim tanks were pumped out in April 2023. The property is zoned C-4 and has a 2023 property tax bill of $11,253.72. This turnkey operation offers significant potential for continued growth and profitability. The asking price is $1,800,000, with a price per square foot of $498.06.

    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
    -83.6714
    Latitude
    32.8831
    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
    $13,125
    $187,744
    $141,415
    $329,159
    -
    $469,359
    $353,537
    $822,896

    Comparable in this City

    • Value Estimation by Request
      3,544 SF

      4332 Log Cabin Dr

      CAR WASH - AUTOMATED
      4332 Log Cabin Dr, Macon, GA 31204-5604
      View Details
    • Value Estimation by Request
      2,644 SF

      590 Pio Nono Ave

      CAR WASH - AUTOMATED
      590 Pio Nono Ave, Macon, GA 31204-3530
      View Details
    • Value Estimation by Request
      3,249 SF

      3479 Mercer University Dr

      CAR WASH - AUTOMATED
      3479 Mercer University Dr, Macon, GA 31204-4901
      View Details
    • Value Estimation by Request
      2,914 SF

      1847 Pio Nono Ave

      CAR WASH - AUTOMATED
      1847 Pio Nono Ave, Macon, GA 31204-6142
      View Details
    • Value Estimation by Request
      5,274 SF

      2772 Riverside Dr

      CAR WASH - AUTOMATED
      2772 Riverside Dr, Macon, GA 31204-1458
      View Details
    • Value Estimation by Request
      2,964 SF

      2480 Riverside Dr

      CAR WASH - AUTOMATED
      2480 Riverside Dr, Macon, GA 31204-1750
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Makin Klean Car Wash Opportunity

      Express car wash with high traffic frontage on Riverside Drive.
      2946 Riverside Dr, Macon, GA 31204
      View Details
    • $175,000
      8,600 SF

      Macon Commercial Property with Bays

      Commercial property suitable for auto sales or repair shop.
      3106 Hillcrest Ave, Macon, GA 31204
      View Details
    • Contact for pricing
      3,573 SF

      Macon Commercial Property For Sale

      Versatile commercial property with high visibility and flexible business uses.
      3737 Napier Ave, Macon, GA 31204
      View Details
    • $695,000
      6,218 SF

      Macon Automotive Sales/Service Property

      Commercial property suitable for automotive sales and service in Macon.
      1711 Key St, Macon, GA 31204
      View Details
    • Contact for pricing

      Prime Food and Beverage Building

      Exceptional opportunity for investors or owner-occupants in the hospitality industry.
      3189 Mercer University Dr, Macon, GA 31204
      View Details
    • $120,000
      Pending

      Retail Property Near Downtown Macon

      Retail property with high traffic and easy interstate access.
      1871 Pio Nono Ave, Macon, GA 31204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail or Office Space Available

      600 SF retail or office space for lease.
      871-881 Lee Rd, Macon, GA 31204
      View Details
    • Contact for pricing
      1,150 SF

      Retail Space in Ingleside Village

      Retail space for lease in a lively, community-focused environment.
      2308 Ingleside Ave, Macon, GA 31204
      View Details
    • Contact for pricing

      Retail Center with High Visibility

      Retail center with high traffic and great visibility.
      3249-3253 Mercer University Dr, Macon, GA 31204
      View Details
    • Contact for pricing

      Freestanding Office/Retail Building in Macon

      Freestanding ±1,200 SF building suitable for medical, professional, or retail.
      4693 Log Cabin Dr, Macon, GA 31204
      View Details
    • Contact for pricing
      2,050 SF

      Storefront Retail Space Available

      2,050 SF storefront retail space for lease.
      863 Wimbish Rd, Macon, GA 31204
      View Details
    • Contact for pricing
      10,350 SF

      Retail Space Near Macon Mall

      Retail spaces available from 1,600 to 28,300 square feet.
      3755 Bloomfield Rd, Macon, GA 31204
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2946 Riverside Dr
    Macon, GA 31204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2946 Riverside Dr, Macon, GA, 31204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!