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    Property profile & analytics

    4690 Forsyth Rd Macon, GA 31210

    • Strip malls
    • 10,105 SF
    • 0.77 lot acres
    For Lease
    View listing
    Last Sale
    Jul 31, 2023
    $1,375,000
    Value Estimations
    $1,250,000
    Cap Rate Potential
    9.3%
    Strip malls
    Location Intelligence
    Property ID
    US22-2566786
    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

    • Strip malls

    Property Details for 4690 Forsyth Rd

    Year built
    1994
    Construction
    CONCRETE BLOCKS
    Lot size
    0.77 lot acres
    Property size
    10,105 SF
    Zone code
    C-4
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    M053-0059
    APU
    M0530059

    Description

    This ±7,500 square foot retail space presents a fantastic opportunity for businesses seeking high visibility and foot traffic. Located at 4690 Forsyth Road in Macon, Georgia, within Bibb County, this single-tenant property boasts a prime location alongside established national retailers. Neighbors include Kroger, Pet Supplies Plus, Starbucks, and The Wax Strip & More, ensuring a consistent flow of potential customers. The property's classification as a retail pad within a retail strip provides excellent accessibility and ample parking for patrons. The building itself offers approximately 7,500 square feet of adaptable space, ideal for a variety of retail concepts. Its strategic placement on Forsyth Road guarantees significant exposure to a substantial daily traffic volume. This property is a turnkey solution for businesses looking to establish a strong presence in a thriving Macon commercial district. The address is 4690 Forsyth Road, Macon, GA 31210. This exceptional location, coupled with the substantial square footage, makes this retail space an attractive investment opportunity. Serious inquiries are encouraged to explore the potential of this high-traffic retail property. The property is categorized as a single-tenant retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,205,000
      ML approach
      $1,205,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,860,000
      6.5%
      $1,715,000
      7%
      $1,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,052,000
      Market price range: $373k - $1.20M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $845,000
      Current use
      RESTAURANT
      $1,620,000
      Change: +92% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,500,000
      Change: +78% Conversion: Easy
      MEDICAL BUILDING
      $1,295,000
      Change: +53% Conversion: Difficult
      RETAIL STORES
      $890,000
      Change: +6% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $765,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7104
    Latitude
    32.8745
    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
    $13,626
    $112,886
    $317,240
    $430,126
    -
    $282,215
    $793,101
    $1,075,316

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      4524 Forsyth Rd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      4524 Forsyth Rd, Macon, GA 31210-4545
      View Details
    • Value Estimation
      $485,000
      15,320 SF

      6255 Zebulon Rd

      SHOPPING CENTER, STRIP CENTER • 15,320 SF
      6255 Zebulon Rd, Macon, GA 31210-8068
      View Details
    • Value Estimation
      $615,000
      25,530 SF

      4010 Northside Dr

      SHOPPING CENTER, STRIP CENTER • 25,530 SF
      4010 Northside Dr, Macon, GA 31210-1693
      View Details
    • Value Estimation
      $585,000
      23,517 SF

      4123 Forsyth Rd

      SHOPPING CENTER, STRIP CENTER • 23,517 SF
      4123 Forsyth Rd, Macon, GA 31210-0544
      View Details
    • Value Estimation
      $1,325,000
      9,870 SF

      3955 Arkwright Rd

      SHOPPING CENTER, STRIP CENTER • 9,870 SF
      3955 Arkwright Rd, Macon, GA 31210-1719
      View Details
    • Value Estimation
      $560,000
      38,775 SF

      863 Wimbish Rd

      SHOPPING CENTER, STRIP CENTER • 38,775 SF
      863 Wimbish Rd, Macon, GA 31210
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7,163 SF

      Restaurant Building Near Interstate 75

      7,163 SF restaurant building located off I-75 in Macon, GA.
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    • $600,000
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      Retail Space Near I-75

      4,755 SF retail space for sale off I-75.
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    • $2,100,000
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      Macon Restaurant - $2.1M Asking

      Established Restaurant, High Traffic Area, I-75 Visibility
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      View Details
    • $370,700
      3.37 Acres

      Macon, GA Development Land

      3.37 Acres, Prime Location
      4162 Sheraton Dr, Macon, GA 31210
      View Details
    • $75,000
      2,500 SF

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      $75K, 2500 SF, Build-to-Suit Ready
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      View Details
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      High-yield Macon office building, 16,000 SF
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    Similar Nearby for Lease

    • $32 SF/Yr
      14,000 SF

      Macon Retail Center - Bass Road

      14,000 SF Retail Space, Prime Location
      1448 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      52,228 SF

      Plantation Village Retail Center

      Macon, GA Shopping Center Space Available
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      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
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    • 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
    • $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
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    4690 Forsyth Rd
    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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