Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3980 Elnora Dr Macon, GA 31210
    Back to Search
    Property profile & analytics

    3980 Elnora Dr, Macon, GA 31210

    View on Map
    • Commercial real estate
    • 2.30 lot acres
    Off-Market
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.694448
    Latitude
    32.902592

    Comparable in this City

    • $189,000
      0.52 Acres

      Macon Multi-Family Ranch Home

      All brick, one-level, 3 bed, 2 bath ranch home.
      914 Glenbrook Rd, Macon, GA 31210
      View Details
    • $2,200,000
      8.39 Acres

      Macon Commercial Land For Sale

      Commercial land with development potential near I-75 and Riverside Drive.
      2151 Wesleyan Dr, Macon, GA 31210
      View Details
    • $100,000
      1.46 Acres

      Residential Land in Macon, GA

      Building lot with slab, backs to Howard Oaks Subdivision.
      660 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      0.44 acre commercial land with utilities and parking.
      6340 Peake Rd, Macon, GA 31210
      View Details
    • Contact for pricing

      Lakeside Commons Office Development Opportunity

      Premier land for medical/professional offices with lake view and prime location.
      6090 Lakeside Commons Dr, Macon, GA 31210
      View Details
    • $66,500
      0.46 Acres

      Land in Gated Macon Community

      Residential land in a gated community in North Macon.
      153 Camden Trce, Macon, GA 31210
      View Details

    Similar Nearby for Sale

    • $189,000
      0.52 Acres

      Macon Multi-Family Ranch Home

      All brick, one-level, 3 bed, 2 bath ranch home.
      914 Glenbrook Rd, Macon, GA 31210
      View Details
    • $2,200,000
      8.39 Acres

      Macon Commercial Land For Sale

      Commercial land with development potential near I-75 and Riverside Drive.
      2151 Wesleyan Dr, Macon, GA 31210
      View Details
    • $100,000
      1.46 Acres

      Residential Land in Macon, GA

      Building lot with slab, backs to Howard Oaks Subdivision.
      660 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      0.44 acre commercial land with utilities and parking.
      6340 Peake Rd, Macon, GA 31210
      View Details
    • Contact for pricing

      Lakeside Commons Office Development Opportunity

      Premier land for medical/professional offices with lake view and prime location.
      6090 Lakeside Commons Dr, Macon, GA 31210
      View Details
    • $66,500
      0.46 Acres

      Land in Gated Macon Community

      Residential land in a gated community in North Macon.
      153 Camden Trce, 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
    • $3,650 /Mo
      7,500 SF

      Riverside North Office Park For Lease

      Riverside North Office Park For Lease
      3040 Riverside Drive, Macon, GA 31210
      View Details
    • $600 /Mo

      North Macon Multi-Tenant Office Park

      Multi-tenant office park with suites ranging from 100-2,000 SF.
      3902 Northside Dr, Macon, GA 31210
      View Details
    • Contact for pricing

      Riverside North Office Park Suites

      Office suites available in a well-located office park.
      3040 Riverside Dr, Macon, GA 31210
      View Details
    • Contact for pricing
      3,400 SF

      Freestanding Building on Riverside Drive

      3,400 SF retail building with convenient freeway access.
      3960 Riverside Dr, Macon, GA 31210
      View Details
    • $13 SF/Yr
      4,232 SF

      Plantation Commons Office Suite

      Macon, GA Office Space Available
      125 Plantation Centre Dr, Macon, GA 31210
      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.
    3980 Elnora Dr
    Macon, GA 31210
    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
    3980 Elnora Dr, Macon, GA, 31210
    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!