Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4908 Mercer University Dr Macon, GA 31210-6235

    • Warehouses
    • 12,500 SF
    • 1.47 lot acres
    OFF-MARKET
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2307461
    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

    • Mirror Image Autoparts / Auto Parts Store

    Property Details for 4908 Mercer University Dr

    Year built
    2008
    Construction
    CONCRETE BLOCKS
    Lot size
    1.47 lot acres
    Property size
    12,500 SF
    Zone code
    M-2
    Property type
    Warehouses
    APN
    L081-0154
    APU
    L0810154

    Description

    This 7,000 square foot industrial warehouse is ideally situated in West Macon, offering unparalleled access to major transportation arteries. Located less than half a mile from Interstate 475, four miles from Interstate 75, and seven miles from Interstate 16, this property boasts exceptional connectivity. The building benefits from high daily traffic counts of 19,200 vehicles. The property is zoned M2 and provides convenient access to a variety of amenities, including restaurants, shopping centers, and banks. The warehouse space itself comprises approximately 6,000 square feet and features two drive-in doors and two dock-high doors for efficient loading and unloading. The included office space totals approximately 1,000 square feet and includes a reception area, three private offices, two restrooms, and a dedicated mechanical room. This versatile space is perfect for a variety of businesses seeking a well-located and functional warehouse facility. The entire 7,000 square feet is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $622,000
      Market price range: $251k - $778k
      AI Estimate
      $678,000
      Market price range: $271k - $744k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $475,000
      Current use
      RETAIL STORES
      $1,105,000
      Change: +132% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,045,000
      Change: +120% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $950,000
      Change: +100% Conversion: Easy
      AUTO REPAIR, GARAGE
      $875,000
      Change: +84% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7242
    Latitude
    32.8288
    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
    2024
    $5,880
    $36,986
    $194,536
    $231,522
    -
    $92,465
    $486,339
    $578,804

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      189 Woodfield Dr

      WAREHOUSE, STORAGE • 4,800 SF
      189 Woodfield Dr, Macon, GA 31210-5680
      View Details
    • Value Estimation by Request
      9,896 SF

      4018 475 Industrial Blvd, Unit I

      WAREHOUSE, STORAGE • 9,896 SF
      4018 475 Industrial Blvd, Macon, GA 31210-8108
      View Details
    • Value Estimation by Request
      4,000 SF

      4370 Interstate Dr

      WAREHOUSE, STORAGE • 4,000 SF
      4370 Interstate Dr, Macon, GA 31210-6807
      View Details
    • Value Estimation
      $800,000
      11,000 SF

      240 Mercer Jct

      WAREHOUSE, STORAGE • 11,000 SF
      240 Mercer Jct, Macon, GA 31210-4016
      View Details
    • Value Estimation by Request
      1,944 SF

      Hwy 41

      MINI-WAREHOUSE, STORAGE • 1,944 SF
      Hwy 41, Macon, GA 31210
      View Details
    • Value Estimation by Request
      5,151 SF

      4306 Sheraton Dr

      WAREHOUSE, STORAGE • 5,151 SF
      4306 Sheraton Dr, Macon, GA 31210-1316
      View Details

    Similar Nearby for Sale

    • $449,000
      3.17 Acres

      Macon Industrial Land - $449K

      Prime 3.17-acre industrial site. High traffic area.
      5484 Riverside Dr, Macon, GA 31210
      View Details
    • $450,000
      2.00 Acres

      Macon Industrial Land - $450K

      2-Acre Industrial Development Site in Macon, GA
      4031 Cavalier Dr, Macon, GA 31210
      View Details
    • $1,250,000
      1.03 Acres

      Macon Industrial Land - $1.25M

      1.03-acre pad-ready industrial lot. High traffic, prime location.
      5781 Zebulon Rd, Macon, GA 31210
      View Details
    • $1,600,000

      Macon, GA Commercial Land - $1.6M

      80-acre development site near I-475. High visibility, C-4 zoning.
      4228 Tucker Valley Rd, Macon, GA 31210
      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

      Prime Macon Executive Office Space

      $75K, 2500 SF, Build-to-Suit Ready
      900 Northside Xing, Macon, GA 31210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,836 SF

      Industrial Modular Building Space

      Multitenant industrial space ideal for warehousing and logistics operations.
      18 Carretera Panamericana, Macon, GA 31210
      View Details
    • Contact for pricing
      14,000 SF

      330 Corporate Parkway: Flex Space Available

      14,000 SF Flex Space; Bibb County
      330 Corporate Pkwy, Macon, GA 31210
      View Details
    • $16 SF/Yr
      83,638 SF

      Riverside Drive Office Complex

      Macon, GA Office Space Available
      4885 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
    • Contact for pricing
      52,228 SF

      Plantation Village Retail Center

      Macon, GA Shopping Center Space Available
      6255 Zebulon Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      7,500 SF

      Forsyth Road Retail Space Available

      Macon, GA retail pad, ±7,500 SF
      4690 Forsyth Rd, Macon, GA 31210
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4908 Mercer University Dr
    Macon, GA 31210-6235
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.