Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4980 Hawaiian Village Dr Macon, GA 31206
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4980 Hawaiian Village Dr Macon, GA 31206

    View on Map
    • Commercial real estate
    For Sale
    $379,900
    View Listing →
    24.28 Acres Agricultural Land Available For Sale
    $379,900
    24.28 Acres

    24.28 Acres Agricultural Land Available

    24.28-acre lot suitable for agricultural use.

    4980 Hawaiian Village Dr, Macon, GA
    View Listing
    Property ID
    US22-2350215
    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

    • Commercial real estate

    Property Details for 4980 Hawaiian Village Dr

    Property type
    Commercial real estate

    Description

    This exceptional 24.28-acre property, located at 4980 Hawaiian Village Drive in Macon, Georgia (zip code 31206), presents a unique investment opportunity. Zoned for agricultural use, this land offers significant potential for commercial development. The property boasts convenient access to Interstate 475, specifically exit 3, ensuring high visibility and accessibility. Water and sewer services are readily available, simplifying development plans. The strategic location places the property in close proximity to a variety of established businesses and institutions, including Middle Georgia State College, Walmart, Chick-fil-A, Tractor Supply, Sam's Club, Burger King, Quality Inn, and America's Best Inn. This high-traffic area guarantees substantial exposure for any commercial venture. The asking price for this prime piece of land is $400,000. Given its size, location, and utilities, this property represents a compelling investment opportunity in a thriving Macon, Bibb County commercial corridor. The property's agricultural zoning provides flexibility for a range of development possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7243847
    Latitude
    32.7972904

    Comparable in this City

    • Contact for pricing
      0.23 Acres

      Residential Lot in Macon, GA

      Residential lot available in Macon, Georgia.
      2801 Deeb Ct, Macon, GA 31206
      View Details
    • Contact for pricing

      Three-Lot Parcel with Road Frontage

      Three lots with multiple road frontages near I-75.
      4306 Houston Ave, Macon, GA 31206
      View Details
    • $105,000

      Macon Development Site on Corner

      1.6 acre corner lot with highway access in Macon.
      5025 Columbus Rd, Macon, GA 31206
      View Details
    • Contact for pricing

      Three-Lot Parcel with Road Frontage

      Three-lot parcel with multiple road frontages, zoned C-1.
      4306 Houston Ave, Macon, GA 31206
      View Details
    • Contact for pricing

      Land Tracts Available for Sale

      Two land tracts available for sale, reduced price.
      3760 Fulton Mill Rd, Macon, GA 31206
      View Details
    • $699,900

      Land Conveniently Located Off Route

      Land with access to major interstates and highways.
      3221 Broadway, Macon, GA 31206
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      3.2 Acres on Richard Ivey

      Two lots totaling 3.2 acres on Richard Ivey Highway.
      213 Richard Ivey Pkwy, Macon, GA 31206
      View Details
    • $125,000

      Industrial Land with Concrete Slab

      0.74 acre industrial land with concrete slab foundation.
      1403 6Th St, Macon, GA 31206
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Lot in Macon, GA

      Residential lot available in Macon, Georgia.
      2801 Deeb Ct, Macon, GA 31206
      View Details
    • Contact for pricing

      Three-Lot Parcel with Road Frontage

      Three lots with multiple road frontages near I-75.
      4306 Houston Ave, Macon, GA 31206
      View Details
    • $105,000

      Macon Development Site on Corner

      1.6 acre corner lot with highway access in Macon.
      5025 Columbus Rd, Macon, GA 31206
      View Details
    • Contact for pricing

      Three-Lot Parcel with Road Frontage

      Three-lot parcel with multiple road frontages, zoned C-1.
      4306 Houston Ave, Macon, GA 31206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Macon Logistics Hub Parking

      Tractor trailer and fleet parking in Macon, Georgia.
      2525 Pio Nono Ave, Macon, GA 31206
      View Details
    • Contact for pricing

      Pio Nono Avenue Commercial Space

      Commercial space available for lease on Pio Nono Avenue.
      3710 Pio Nono Ave, Macon, GA 31206
      View Details
    • Contact for pricing

      Eisenhower Parkway Showroom/Warehouse For Lease

      21,615 SF showroom/warehouse space available for lease on Eisenhower Parkway.
      3656 Eisenhower Pkwy, Macon, GA 31206
      View Details
    • Contact for pricing

      Turn Key Restaurant Available

      Fully equipped restaurant available for rent now.
      4640 Presidential Pkwy, Macon, GA 31206
      View Details
    • $6 SF/Yr
      11,222 SF

      Cross Dock Trucking Facility

      11,222± SF cross-dock trucking facility on 3.44 acres.
      205 Raines Ave, Macon, GA 31206
      View Details
    View Listing
    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.
    4980 Hawaiian Village Dr
    Macon, GA 31206
    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.
    Sign Up Successful!
    You now have access to more from Realmo!