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    4775 Riverside Dr Macon, GA 31210-1115
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    4775 Riverside Dr Macon, GA 31210-1115

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    • Automotive properties
    • 12,381 SF
    • 4.74 lot acres
    Off-Market
    Last Sale Apr 22, 2022
    Property ID
    US22-2237933
    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
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subaru of Macon Service Center / Auto Repair Shop
    • Subaru of Macon Parts Store / Auto Parts Store
    • Subaru of Macon / Car Dealership

    Property Details for 4775 Riverside Dr

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.74 lot acres
    Property size
    12,381 SF
    Zone code
    C-2
    Property type
    Automotive properties
    APN
    M030-0063
    APU
    M0300063

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $675,000
      Market price range: $253k - $732k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $865,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.709
    Latitude
    32.9218
    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
    $27,091
    $452,790
    $461,787
    $914,577
    -
    $1,131,975
    $1,154,468
    $2,286,443

    Comparable in this City

    • Value Estimation
      $1,265,000
      20,400 SF

      4821 Sheraton Dr

      VEHICLE SALES, RENTALS • 20,400 SF
      4821 Sheraton Dr, Macon, GA 31210-1331
      View Details
    • Value Estimation
      $685,000
      23,772 SF

      5000 Mercer University Dr

      VEHICLE SALES, RENTALS • 23,772 SF
      5000 Mercer University Dr, Macon, GA 31210-5677
      View Details
    • Value Estimation by Request
      7,917 SF

      3939 Riv Pl Dr

      VEHICLE SALES, RENTALS • 7,917 SF
      3939 Riv Pl Dr, Macon, GA 31210
      View Details
    • Value Estimation
      $5,600,000
      19,097 SF

      4680 Sheraton Dr

      VEHICLE SALES, RENTALS • 19,097 SF
      4680 Sheraton Dr, Macon, GA 31210-1322
      View Details
    • Value Estimation by Request
      9,365 SF

      3931 Riv Pl Dr

      VEHICLE SALES, RENTALS • 9,365 SF
      3931 Riv Pl Dr, Macon, GA 31210-1730
      View Details
    • Value Estimation
      $925,000
      14,662 SF

      4796 Riverside Dr

      VEHICLE SALES, RENTALS • 14,662 SF
      4796 Riverside Dr, Macon, GA 31210-1116
      View Details

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      Mercer University Drive Investment Opportunity

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      Prime Commercial Redevelopment Opportunity

      Commercial land with high visibility and redevelopment potential.
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      Prime Commercial Land I-75 Visibility

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    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Macon, Georgia.
      6255 Zebulon Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      3,000 SF

      Retail/Office Space Near I-75

      Retail/office space with ample parking near Arkwright & I-75.
      116 Riverside Pkwy, Macon, GA 31210
      View Details
    • Contact for pricing

      End-Cap Storefront Retail Space

      Highly visible 1,500 SF end-cap storefront retail space for lease.
      1687 Bass Rd, Macon, GA 31210
      View Details
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    Macon, GA 31210-1115
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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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