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    4650 Forsyth Rd Macon, GA 31210
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    Property profile & analytics

    4650 Forsyth Rd Macon, GA 31210

    View on Map
    • Strip malls
    • 16,153 SF
    • 9.52 lot acres
    For Lease
    $1,415,000
    View Listing →
    Grocery Anchored Shopping Center For Lease
    $1,415,000
    86,000 SF

    Grocery Anchored Shopping Center

    86,000+ SF shopping center on 9.6 acres for lease.

    4650 Forsyth Road, Macon, GA 31210
    View Listing
    Property ID
    US22-2309646
    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

    • i.d. SPOT / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Pet Supplies Plus Macon / (Bike/Boat/Book/etc) Store / Pet Store
    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Kroger / Grocery & Convenience Store / Food Market
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 4650 Forsyth Rd

    Year built
    1986
    Construction
    FRAME
    Lot size
    9.52 lot acres
    Property size
    16,153 SF
    Zone code
    C-1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    M053-0057
    APU
    M0530057

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,923,000
      Market price range: $596k - $1.92M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,350,000
      Current use
      MEDICAL BUILDING
      $2,070,000
      Change: +53% Conversion: Difficult
      RETAIL STORES
      $1,425,000
      Change: +6% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,225,000
      Change: -9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,130,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7096
    Latitude
    32.8732
    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
    $78,968
    $1,212,002
    $1,453,953
    $2,665,955
    -
    $3,030,006
    $3,634,883
    $6,664,889

    Comparable in this City

    • Value Estimation
      $1,690,000
      20,000 SF

      3780 Northside Dr

      SHOPPING CENTER, STRIP CENTER • 20,000 SF
      3780 Northside Dr, Macon, GA 31210-2431
      View Details
    • Value Estimation
      $695,000
      8,950 SF

      1550 Frst Hl Rd

      SHOPPING CENTER, STRIP CENTER • 8,950 SF
      1550 Frst Hl Rd, Macon, GA 31210
      View Details
    • Value Estimation
      $1,240,000
      10,105 SF

      4690 Forsyth Rd

      SHOPPING CENTER, STRIP CENTER • 10,105 SF
      4690 Forsyth Rd, Macon, GA 31210
      View Details
    • Value Estimation by Request
      5,278 SF

      5950 Zebulon Rd

      SHOPPING CENTER, STRIP CENTER • 5,278 SF
      5950 Zebulon Rd, Macon, GA 31210-2073
      View Details
    • Value Estimation
      $7,045,000
      83,990 SF

      4950 Riverside Dr

      SHOPPING CENTER, STRIP CENTER • 83,990 SF
      4950 Riverside Dr, Macon, GA 31210-1120
      View Details
    • Value Estimation
      $630,000
      76,406 SF

      4357 Forsyth Rd

      SHOPPING CENTER, STRIP CENTER • 76,406 SF
      4357 Forsyth Rd, Macon, GA 31210-4566
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Redevelopment Opportunity

      Commercial land with high visibility and redevelopment potential.
      150 Starcadia Cir, Macon, GA 31210
      View Details
    • $500,000
      4,755 SF

      Retail Space Near I-75

      4,755 SF retail space for sale off I-75.
      3964 River Place Dr, Macon, GA 31210
      View Details
    • $600,000

      Mercer University Drive Investment Opportunity

      Profitable salon suites with leaseback in high-traffic Macon corridor.
      4849 Mercer University Dr, Macon, GA 31210
      View Details
    • $995,000
      7,480 SF

      Macon Commercial Building Opportunity

      7,480 SF building in a rapidly developing area.
      2080 Bowman Park, Macon, GA 31210
      View Details
    • Contact for pricing

      Prime Commercial Land I-75 Visibility

      Land suitable for hotel, retail, or restaurant development.
      130 Starcadia Cir, Macon, GA 31210
      View Details
    • Contact for pricing
      7,163 SF

      Restaurant Building Near Interstate 75

      7,163 SF restaurant building located off I-75 in Macon, GA.
      3951 Arkwright Rd, Macon, GA 31210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Shopping Center on Bass Road

      Retail spaces available in a high-traffic shopping center location.
      1448 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in North Macon Plaza

      Retail space available in a busy shopping center.
      1625 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      86,000+ SF shopping center on 9.6 acres for lease.
      4650 Forsyth Rd, 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
    • $12 SF/Yr
      1,200 SF

      Storefront Retail Space Available

      1,200 SF storefront retail space for lease.
      4406 Mercer University Dr, Macon, GA 31210
      View Details
    • Contact for pricing

      Retail Space on Forsyth Road

      Retail space available in high-traffic location near Kroger.
      4690 Forsyth Rd, Macon, GA 31210
      View Details

    Property Visit Statistics

    • Visits by month
      82.0k
    • Visitors by month
      38.3k
    • Avg Time on site
      25 min
    View Listing
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    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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