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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Office Spaces
2960 Riverside Dr Macon, GA 31204-1275
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-2355601
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1970
Construction
FRAME
Total area
40,680 SF
Lot
4.3 ac (187,308 SF)
Zoning code
C-4
APN
O051-0079
UPID
US22-2355601
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Payne & Powell Insurance Insurance Agency
-
Morgan & Morgan Law Firm
-
Kirby of Middle Georgia Home Appliance Store (Bike/Boat/Book/etc) Store
-
Schneider Electric Production Facility
-
Rachel Harbour-Jump, Realtor at Fickling & Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$3.76M
Owner & transaction history
Riverside Drive Enterprises LLC · 1 yrs held
Riverside Drive Enterprises LLC
since 2024
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
C-4 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+64.0%
Neighborhood: shopping center
$3.4M
+6.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Macon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,760,000
ML approach
$3,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,180,000
Current use
MEDICAL BUILDING
$5,220,000
Change: +64% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,400,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,085,000
Change: -3% · Conversion: Moderate
RETAIL STORES
$2,850,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,845,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±10% · vs last sale $3.76M (Oct 4 2024)
Last sale anchor
$3.76M
Oct 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,832
Tax year 2023
Assessed value
$1,459,441
Assessed 2023
Previous assessed
$1,459,441
+0.0% YoY
Effective rate
2.46%
On assessed value
Assessed land
$420,539
Assessed improvement
$1,038,902
Land market value
$1,051,347
Improvement market value
$2,597,255
Total market value
$3,648,602
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
40,680 SF
Lot
4.3 ac (187,308 SF)
Zoning code
C-4
APN
O051-0079
UPID
US22-2355601
Jurisdiction
BIBB
Zoning & alternative use
C-4 · Macon, GA
Zoning C-4 · permitted uses
C-4 · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Macon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
4.3 ac
Current owner
From public records · entity-resolved
Riverside Drive Enterprises LLC
Entity
Mailing address
1062 FORSYTH ST STE 1B, MACON, GA 31201-8638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$3,760,000
Riverside Drive Enterprises LLC
Rdp Macon Ga LLC
Limited Warranty Deed
$3,572,000 · Rdp Macon Ga LLC
Aug 13, 2021
—
Rdp Macon Ga LLC
Cityline Commercial Holdings LLC
Limited Warranty Deed
—
Aug 6, 2021
$1,100,000
Cityline Commercial Holdings LLC
Securian Life Insurance Company
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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