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    3980 Shearwater Dr Macon, GA 31206

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    3980 Shearwater Dr Macon, GA 31206

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    • Commercial real estate
    • 44.34 lot acres
    Off-Market
    Property ID
    US22-2149087
    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 Shearwater Dr

    Lot size
    44.34 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 44.34-acre commercial land parcel presents a unique investment opportunity in Macon, Georgia. Strategically located near Interstate 75 (Exit 160) and Pio Nono Avenue, this property offers unparalleled accessibility and visibility. The land is zoned R-1A, providing flexibility for a variety of commercial development projects. With a total asking price of $886,800, the price per acre is $20,000, representing a compelling value for this prime location. The property's substantial size and convenient access to major transportation arteries make it ideal for a wide range of commercial ventures. Its proximity to I-75 ensures easy access for employees, customers, and suppliers, while the location near Pio Nono Avenue provides excellent visibility and exposure to a high volume of traffic. Detailed zoning information and development possibilities are available upon request. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Macon, offering substantial potential for future appreciation and development. The property's address is 3980 Shearwater Drive, Macon, GA 31206, within Bibb County.

    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
    -83.68218
    Latitude
    32.791794

    Comparable in this City

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      Corner Lot Near University

      Three-acre corner lot near university and interstate.
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      Land Tract for Sale

      Two land tracts available for sale.
      3821 Fulton Mill Rd, Macon, GA 31206
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      Macon Commercial Development Site

      1.32 acre commercial site near I-475 and Lake Tobesofkee.
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      0.23 Acres

      Land in Vinson Village

      0.23-acre land lot in Macon, GA for new build.
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      Land Available in Macon, Georgia

      3.62 acres of land for sale in Macon.
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    Similar Nearby for Sale

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      Land For Sale

      0.92 acres of land available for sale.
      4685 Houston Ave, Macon, GA 31206
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      Corner Lot Near University

      Three-acre corner lot near university and interstate.
      5701 Columbus Rd, Macon, GA 31206
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    • Contact for pricing

      Land Tract for Sale

      Two land tracts available for sale.
      3821 Fulton Mill Rd, Macon, GA 31206
      View Details
    • $395,000

      Macon Commercial Development Site

      1.32 acre commercial site near I-475 and Lake Tobesofkee.
      2259-2273 Heath Rd, Macon, GA 31206
      View Details
    • Contact for pricing
      0.23 Acres

      Land in Vinson Village

      0.23-acre land lot in Macon, GA for new build.
      2801 Deeb Dr, Macon, GA 31206
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    • Contact for pricing
      0.23 Acres

      Residential Lot in Macon, GA

      Residential lot available in Macon, Georgia.
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    Similar Nearby for Lease

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      Macon Logistics Hub Parking

      Tractor trailer and fleet parking in Macon, Georgia.
      2525 Pio Nono Ave, Macon, GA 31206
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      Pio Nono Avenue Commercial Space

      Commercial space available for lease on Pio Nono Avenue.
      3710 Pio Nono Ave, Macon, GA 31206
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    • Contact for pricing

      Eisenhower Parkway Showroom/Warehouse For Lease

      21,615 SF showroom/warehouse space available for lease on Eisenhower Parkway.
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      Turn Key Restaurant Available

      Fully equipped restaurant available for rent now.
      4640 Presidential Pkwy, Macon, GA 31206
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    • $6 SF/Yr
      11,222 SF

      Cross Dock Trucking Facility

      11,222± SF cross-dock trucking facility on 3.44 acres.
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    3980 Shearwater Dr
    Macon, GA 31206
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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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