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

    3980 Elnora Dr Macon, GA 31210

    • Commercial real estate
    • 2.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2285745
    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

    • Commercial real estate

    Property Details for 3980 Elnora Dr

    Lot size
    2.30 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.3-acre property presents a unique development opportunity in Macon, Georgia. Located in North Macon, this land boasts convenient access to Interstate 75 via Exit 169, easily reached from Riverside Drive or Northside Drive. The lot features an approximate frontage of 178 feet and a depth ranging from 560 to 600 feet. The topography is characterized by road grade and wooded areas. All public utilities are readily available, making this site ideal for a variety of commercial or residential projects. Currently zoned for agricultural use, this versatile parcel offers significant potential for future development. The property's proximity to Interstate 75 provides excellent accessibility, placing it within a short distance of numerous amenities, including restaurants, hotels, shopping centers, and financial institutions. Downtown Macon is only six miles away. The 2023 property tax bill was $258.14. This is a rare opportunity to acquire a strategically located parcel in a thriving area of Macon.

    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
    -83.694448
    Latitude
    32.902592

    Comparable in this City

    • $566,400
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      Macon, GA Land: 9.44 Acres

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      4140 Arkwright Rd, Macon, GA 31210
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    • $4,278,000
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      106-Acre Macon Farm & Ranch

      Prime Macon farmland, lake house included.
      777 Bass Rd, Macon, GA 31210
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    • $50,000
      1.00 Acre

      Prime Macon Agricultural Land

      1-Acre Wooded Lot, $50,000
      3971 Northside Dr, Macon, GA 31210
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    • $1,850,000
      19.16 Acres

      Alhambra Warehouse: Prime Flex Space

      625 sq ft flex space, ideal for startups.
      5904 Zebulon Rd, Macon, GA 31210
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    • Contact for pricing
      64.00 Acres

      Macon, GA Development Land

      64 Acres, Prime Location, Divisible
      749 Lamar Rd, Macon, GA 31210
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    • $1,200,000
      7.46 Acres

      Macon, GA Commercial Land

      7.46 acres, prime North Macon location.
      4598 Arkwright Rd, Macon, GA 31210
      View Details

    Similar Nearby for Sale

    • $566,400
      9.44 Acres

      Macon, GA Land: 9.44 Acres

      Prime Macon development land, ideal for multifamily or office.
      4140 Arkwright Rd, Macon, GA 31210
      View Details
    • $4,278,000
      106.00 Acres

      106-Acre Macon Farm & Ranch

      Prime Macon farmland, lake house included.
      777 Bass Rd, Macon, GA 31210
      View Details
    • $50,000
      1.00 Acre

      Prime Macon Agricultural Land

      1-Acre Wooded Lot, $50,000
      3971 Northside Dr, Macon, GA 31210
      View Details
    • $1,850,000
      19.16 Acres

      Alhambra Warehouse: Prime Flex Space

      625 sq ft flex space, ideal for startups.
      5904 Zebulon Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      64.00 Acres

      Macon, GA Development Land

      64 Acres, Prime Location, Divisible
      749 Lamar Rd, Macon, GA 31210
      View Details
    • $1,200,000
      7.46 Acres

      Macon, GA Commercial Land

      7.46 acres, prime North Macon location.
      4598 Arkwright Rd, Macon, GA 31210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent in Macon

      Land available for rent at 4951 Riverside Dr, Macon, GA.
      4951 Riverside Dr, Macon, GA 31210
      View Details
    • $16 SF/Yr
      83,638 SF

      Riverside Drive Office Complex

      Macon, GA Office Space Available
      4885 Riverside Dr, Macon, GA 31210
      View Details
    • Contact for pricing
      3,000 SF

      Retail/Office Space Near I-75

      Retail/office space with ample parking near Arkwright & I-75.
      116 Riverside Pkwy, Macon, GA 31210
      View Details
    • Contact for pricing
      52,228 SF

      Plantation Village Retail Center

      Macon, GA Shopping Center Space Available
      6255 Zebulon Rd, Macon, GA 31210
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    • $11 SF/Yr
      4,096 SF

      Professional Office Building For Rent

      4,096 SF professional office building with multiple rooms.
      3160 Riverside Dr, Macon, GA 31210
      View Details
    • Contact for pricing
      18,836 SF

      Industrial Modular Building Space

      Multitenant industrial space ideal for warehousing and logistics operations.
      18 Carretera Panamericana, Macon, GA 31210
      View Details
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    3980 Elnora Dr
    Macon, GA 31210
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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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