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    4970 Harrison Rd Macon, GA 31206-4136
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    Property profile & analytics

    4970 Harrison Rd, Macon, GA 31206-4136

    View on Map
    • Hotels
    • 45,621 SF
    • 6.93 lot acres
    Off-Market
    Last Sale Apr 14, 2023
    $7,800,000
    Property ID
    US22-0573015
    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
    $6,820,000
    Show details
    Cap Rate Potential
    4.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Baja Cosmetics / Production Facility
    • Holiday Inn Express & Suites Macon - I-475, an IHG Hotel / Hotel & Motel

    Property Details for 4970 Harrison Rd

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    6.93 lot acres
    Zone code
    C-4
    Property type
    Hotels
    APN
    L091-0106
    APU
    L0910106

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 14, 2023 — Legacy Hotels Group LLC Synovus Bank Deed —
    Apr 14, 2023 $7,800,000 Avish Hospitality LLC Hamant B Patel Limited Warranty Deed $6.2M · American Pride Bank
    Nov 27, 2019 — Legacy Hotels Group LLC — Deed · related $4.3M · Synovus Bk
    Jul 3, 2019 — Legacy Hotels Group LLC — Deed · related $500k · Synovus Bk
    Aug 12, 2011 — Legacy Hotels Group LLC — Deed Of Trust · related $4.6M · Columbus Bank & Trust Co
    — — Legacy Hotels Group LLC — Deed Of Trust · related $500k · Synovus Bk
    — — Legacy Hotels Group LLC — Deed Of Trust · related $4.3M · Synovus Bk
    — — Legacy Hotels Group LLC — Loan Modification · related $4.4M · Columbus Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,825,000
      ML approach
      $6,570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,525,000
      6.5%
      $5,100,000
      7%
      $4,735,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,315,000
      MEDICAL BUILDING
      $5,850,000
      COMMERCIAL (GENERAL)
      $4,135,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.723
    Latitude
    32.814
    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
    $40,546
    $278,168
    $892,961
    $1,171,129
    -
    $695,421
    $2,232,403
    $2,927,824

    Comparable in this City

    • Value Estimation
      $2,195,000
      31,958 SF

      4717 Chambers Rd

      HOTEL
      4717 Chambers Rd, Macon, GA 31206-5364
      View Details
    • Value Estimation
      $635,000
      26,032 SF

      4971 Harrison Rd

      HOTEL
      4971 Harrison Rd, Macon, GA 31206
      View Details
    • Value Estimation
      $2,580,000
      45,246 SF

      5000 Harrison Rd

      HOTEL
      5000 Harrison Rd, Macon, GA 31206-4138
      View Details
    • Value Estimation
      $2,250,000
      40,560 SF

      1459 Eisenhower Pkwy

      HOTEL
      1459 Eisenhower Pkwy, Macon, GA 31206-3127
      View Details
    • Value Estimation by Request
      16,300 SF

      4604 Chambers Rd

      HOTEL
      4604 Chambers Rd, Macon, GA 31206-4736
      View Details
    • Value Estimation by Request
      3,950 SF

      4630 Chambers Rd

      HOTEL
      4630 Chambers Rd, Macon, GA 31206-4736
      View Details

    Similar Nearby for Sale

    • $3,200,000

      Economy Hotel Portfolio Central Georgia

      Two unencumbered, independently branded hotels with 144 rooms.
      4295 Pio Nono Ave, Macon, GA 31206
      View Details
    • Contact for pricing

      Land For Sale

      0.92 acres of land available for sale.
      4685 Houston Ave, Macon, GA 31206
      View Details
    • Contact for pricing
      14,504 SF

      Retail Space For Sale

      Retail space with 14.00% CAP rate, 14,504 SqFt.
      4305 Mercer University Dr, Macon, GA 31206
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    • $260,000

      Office Property on Pio Nono

      Office property suitable for investors or owner-users.
      3072 Pio Nono Ave, Macon, GA 31206
      View Details
    • $155,000
      0.18 Acres

      Renovated Duplex: Turnkey Investment

      Renovated duplex featuring two units, perfect for investors.
      4305 Marion Ave, Macon, GA 31206
      View Details
    • $195,000
      0.31 Acres

      Renovated Duplex with Paying Tenants

      Investment opportunity: renovated duplex with tenants and 12-month leases.
      925 Troupe St, Macon, GA 31206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Storefront Retail Space Available

      1,200 SF storefront retail space for lease.
      4406 Mercer University Dr, Macon, GA 31206
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Retail space available in a high-traffic Macon location.
      3355 Pio Nono Ave, Macon, GA 31206
      View Details
    • Contact for pricing

      Macon Warehouse with Office Option

      Warehouse space for rent with optional office in Macon.
      2525 Pio Nono Ave, Macon, GA 31206
      View Details
    • Contact for pricing
      5,700 SF

      Industrial Space with Showroom/Office

      5,700± SF industrial space with showroom/office for rent.
      190 Lower Bay St, Macon, GA 31206
      View Details
    • Contact for pricing

      Commercial Land Near Interstate

      Commercial land available for rent with high traffic volume.
      4290 Pio Nono Ave, Macon, GA 31206
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      2.1k
    • Avg Time on site
      516 min
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    Macon, GA 31206-4136
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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.

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