Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    354 Pierce Ave Macon, GA 31204-2422

    • Assisted living facilities
    • 6,582 SF
    • 22.81 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2644549
    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

    • Assisted living facilities

    Property Details for 354 Pierce Ave

    Year built
    1995
    Construction
    FRAME
    Lot size
    22.81 lot acres
    Property size
    6,582 SF
    Zone code
    PDR
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    O072-0077
    APU
    O0720077

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6642
    Latitude
    32.8515
    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
    $0.00
    $185,832
    $2,180,643
    $2,366,475
    -
    $464,580
    $5,451,607
    $5,916,187

    Comparable in this City

    • Value Estimation
      $1,220,000
      48,312 SF

      2009 Vineville Ave

      HOMES (RETIRED, NURSING) • 48,312 SF
      2009 Vineville Ave, Macon, GA 31204-3134
      View Details
    • Value Estimation by Request
      25,368 SF

      194 Pierce Ave

      HOMES (RETIRED, NURSING) • 25,368 SF
      194 Pierce Ave, Macon, GA 31204-0611
      View Details
    • Value Estimation by Request
      5,332 SF

      395 Edward Ave

      HOMES (RETIRED, NURSING) • 5,332 SF
      395 Edward Ave, Macon, GA 31204
      View Details
    • Value Estimation
      $800,000
      26,865 SF

      478 Monroe Hl

      HOMES (RETIRED, NURSING) • 26,865 SF
      478 Monroe Hl, Macon, GA 31204-6506
      View Details
    • Value Estimation
      $850,000
      27,995 SF

      3769 Rdg Ave

      HOMES (RETIRED, NURSING) • 27,995 SF
      3769 Rdg Ave, Macon, GA 31204-1358
      View Details
    • Value Estimation
      $960,000
      53,433 SF

      2255 Anthony Rd

      HOMES (RETIRED, NURSING) • 53,433 SF
      2255 Anthony Rd, Macon, GA 31204-5823
      View Details

    Similar Nearby for Sale

    • $499,000

      Macon Commercial Property For Sale

      Two commercial spaces at a high-traffic location, priced below tax value.
      3468 Napier Ave, Macon, GA 31204
      View Details
    • $325,000
      4,500 SF

      4,500± SF Medical Office Building For Sale

      4,500± SF Medical Office Building For Sale
      376 Rogers Avenue , GA, Macon, GA 31204
      View Details
    • $85,000
      1.39 Acres

      Macon Commercial Land - $85k

      1.39 Acres, Prime Macon Location
      2149 Old Holton Rd, Macon, GA 31204
      View Details
    • $285,000
      0.55 Acres

      Macon Medical Building Investment

      Prime Medical Building w/ Shoe Repair Shop
      2660 Montpelier Ave, Macon, GA 31204
      View Details
    • Contact for pricing
      0.06 Acres

      Macon Land with Development Potential

      Vacant lot zoned residential, potential for commercial use.
      2089 Walnut Street Ln, Macon, GA 31204
      View Details
    • New
      $155,000
      0.17 Acres

      Macon Duplex: Investor Opportunity

      Turnkey duplex in Macon, GA, with immediate cash flow.
      3069 Montpelier Pl, Macon, GA 31204
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,500 SF

      Modern Medical Office Building

      4,500 SF medical office near hospitals and I-75.
      376 Rogers Ave, Macon, GA 31204
      View Details
    • $36 SF/Yr
      429 SF

      Offices on Ingleside Avenue

      Multiple office suites available for rent on Ingleside Avenue.
      2484 Ingleside Ave, Macon, GA 31204
      View Details
    • $1,600 /Mo
      600 SF

      Retail or Office Space Available

      600 SF retail or office space for lease.
      871-881 Lee Rd, Macon, GA 31204
      View Details
    • $5 SF/Yr
      12,400 SF

      Free Span Warehouse with Office

      12,400 SF warehouse with office space for lease.
      1955 Dove St, Macon, GA 31204
      View Details
    • $10 SF/Yr
      1,477 SF

      Professional Office Building For Rent

      Well-maintained office building with reception, offices, and conference room.
      2278 Ingleside Ave, Macon, GA 31204
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Self-Storage Facility

      15,000 SF retail space for lease near Pio Nono.
      400 Pio Nono Ave, Macon, GA 31204
      View Details
    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.
    354 Pierce Ave
    Macon, GA 31204-2422
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.