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

    4162 Sheraton Dr Macon, GA 31210

    • Commercial land
    • 3.37 lot acres
    For Sale
    View listing
    $370,700
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2343494
    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 land

    Property Details for 4162 Sheraton Dr

    Lot size
    3.37 lot acres
    Zone code
    R-3
    Property type
    Commercial land
    APN
    M030-0082
    APU
    M0300082

    Description

    This exceptional 3.37-acre development site in Macon, Georgia, presents a unique investment opportunity. Located on Sheraton Drive, this R-3 zoned property boasts 386 feet of frontage on Sheraton Drive and an impressive 498 feet of frontage on Interstate 75, ensuring high visibility and accessibility. Its strategic location is just one mile south of the Shoppes @ River Crossing, providing convenient access to retail and amenities. The property benefits from excellent traffic counts, with approximately 17,000 average daily vehicles on Arkwright Road and Riverside Drive, and a substantial 42,100 average daily vehicles on Interstate 75. The R-3 zoning permits the development of multi-family residential units or a professional office park, offering flexibility for various development plans. All utilities are available on-site. This prime location is further enhanced by its proximity to Interstate 75, situated between the Riverside Drive and Arkwright Road exits. The property's neighboring businesses include Pin Strikes Macon, Infinity of Macon, Groome Transportation, and a Courtyard by Marriott, indicating a thriving and established commercial area. The asking price for this exceptional property is $370,700. This is a rare opportunity to acquire a highly desirable development site in a rapidly growing area.

    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
    -83.6962
    Latitude
    32.9109
    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
    $5,086
    $171,698
    $0.00
    $171,698
    -
    $429,244
    $0.00
    $429,244

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      4490 Forsyth Rd

      VACANT COMMERCIAL LAND • 0.09 Acres
      4490 Forsyth Rd, Macon, GA 31210-4537
      View Details
    • Value Estimation by Request
      2.91 Acres

      4541 Arkwright Rd

      VACANT COMMERCIAL LAND • 2.91 Acres
      4541 Arkwright Rd, Macon, GA 31210-1301
      View Details
    • Value Estimation by Request
      0.88 Acres

      4023 Elnora Dr

      VACANT COMMERCIAL LAND • 0.88 Acres
      4023 Elnora Dr, Macon, GA 31210-1822
      View Details
    • Value Estimation by Request
      2.90 Acres

      450 Lamar N Rd

      VACANT COMMERCIAL LAND • 2.90 Acres
      450 Lamar N Rd, Macon, GA 31210-7110
      View Details
    • Value Estimation by Request
      2.50 Acres

      248 Mercer Jct

      VACANT COMMERCIAL LAND • 2.50 Acres
      248 Mercer Jct, Macon, GA 31210-4016
      View Details
    • Value Estimation by Request
      1.02 Acres

      123 Macon W Dr

      VACANT COMMERCIAL LAND • 1.02 Acres
      123 Macon W Dr, Macon, GA 31210-5652
      View Details

    Similar Nearby for Sale

    • $6,272,000
      64 SF

      0.64 Acre Development Site

      Development site suitable for commercial, residential, or mixed-use projects.
      749 Lamar Rd, Macon, GA 31210
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    • $75,000

      Commercial Lot for Development

      0.88-acre commercial lot suitable for office or medical development.
      4023 Elnora Dr, Macon, GA 31210
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    • $550,000
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      15 Acre Development Site

      15 acre commercial development site with utilities available.
      4090 Arkwright Rd, Macon, GA 31210
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    • $1,949,000

      Prime Commercial Land Available

      10.77 acres of commercial land with high traffic frontage.
      4318 Sheraton Dr, Macon, GA 31210
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    • $1,949,000
      10 SF

      10.77 Acre Commercial Land Available

      10.77 acres of commercial land with subdivision potential.
      4324 Sheraton Dr Macon, Macon, GA 31210
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    • $566,400
      9 SF

      9.44 Acre Development Site

      9.44 acre site suitable for multi-family or office development.
      4140 Arkwright Rd, Macon, GA 31210
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    Similar Nearby for Lease

    • $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

      Land for Rent in Macon

      Land available for rent at 4951 Riverside Dr, Macon, GA.
      4951 Riverside Dr, Macon, GA 31210
      View Details
    • $18 SF/Yr
      4,800 SF

      Retail Space with High Visibility

      Retail space with ample parking and convenient highway access.
      156-254 Tom Hill Sr Blvd, Macon, GA 31210
      View Details
    • $16 SF/Yr
      2,100 SF

      3991 Arkwright Rd

      Coworking space • 2,100 SF
      3991 Arkwright Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      4,061 SF

      Retail Space Available For Rent

      Retail space available for rent in Macon, Georgia.
      175-209 Tom Hill Sr Blvd, Macon, GA 31210
      View Details
    • Contact for pricing
      8,330 SF

      Retail Space Available For Lease

      Retail property available for lease in Macon, Georgia.
      169 Tom Hill Sr Blvd, Macon, GA 31210
      View Details
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    4162 Sheraton 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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