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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Banks
4077 Forsyth Rd Macon, GA 31210-4569
Individually Owned
10-yr Hold
Free & Clear
Property ID
US22-0271059
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2002
Construction
FRAME
Total area
12,620 SF
Lot
1.48 ac (64,469 SF)
Zoning code
PDE
APN
N061-0186
UPID
US22-0271059
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
-
Community & Southern Bank Bank Loan Service
-
Bank OZK Bank Loan Service
-
Bullard Wangerin & Corbett, LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$615k
Owner & transaction history
Community & Sthrn Bk · 10 yrs held
Community & Sthrn Bk
since 2015
4 recorded transactions
Zoning & alternative use
PDE · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning & Zoning Commission
Top alternative use upside
Commercial (general)
$995,000
+28.6%
Office building
$795,000
+2.8%
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
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$775,000
Current use
COMMERCIAL (GENERAL)
$995,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$49 / 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
$36,356
Tax year 2023
Assessed value
$1,227,384
Assessed 2023
Previous assessed
$1,227,384
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$192,071
Assessed improvement
$1,035,313
Land market value
$480,177
Improvement market value
$2,588,283
Total market value
$3,068,460
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
12,620 SF
Lot
1.48 ac (64,469 SF)
Zoning code
PDE
APN
N061-0186
UPID
US22-0271059
Jurisdiction
BIBB
Zoning & alternative use
PDE · Macon, GAZoning PDE · permitted uses
PDE · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning & Zoning Commission
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$995,000
OFFICE BUILDING
Est. value
$795,000
MEDICAL BUILDING
Est. value
$740,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
2002
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.48 ac
Current owner
From public records · entity-resolved
Community & Sthrn Bk
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 8811, LITTLE ROCK, AR 72231-8811
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2015
—
Community & Sthrn Bk
Certusbank NA
Quit Claim Deed
related
—
Oct 12, 2015
$1,862,563
Community & Sthrn Bk
Certusbank NA
Grant Deed
related
—
Sep 4, 2012
—
Certusbank NA
Atlantic Sthrn Bk
Grant Deed
related
—
May 20, 2011
—
NA Certusbank
Federal Deposit Insurance Corp
Grant Deed
related
—
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.
Try Rey
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