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    Property profile & analytics

    505 2nd St, Unit 201 Macon, GA 31201-2783

    • Industrial properties
    • 2,808 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Sep 07, 2021
    $395,000
    Location Intelligence
    Property ID
    US22-2132683
    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

    • Saturna & Company, PC / Payroll Service / Tax Preparation

    Property Details for 505 2nd St

    Year built
    1910
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.27 lot acres
    Property size
    2,808 SF
    Zone code
    CBD-1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    Q074-0698
    APU
    Q0740698

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $480,000
      6.5%
      $410,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $475,000
      Mixed-Use
      $455,000
      Hospitality
      $505,000
      Educational
      $455,000
      Residential Income
      $520,000
      Energy
      $495,000
      Income-Based Land
      $420,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6311
    Latitude
    32.8352
    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
    $4,058
    $0.00
    $52,566
    $52,566
    -
    $0.00
    $131,414
    $131,414

    Comparable in this City

    • Value Estimation by Request
      174,764 SF

      1300 Mercer University Dr

      INDUSTRIAL LOFT BUILDING • 174,764 SF
      1300 Mercer University Dr, Macon, GA 31201-1549
      View Details
    • Value Estimation
      $235,000
      900 SF

      522 Cherry St, Unit 101

      INDUSTRIAL LOFT BUILDING • 900 SF
      522 Cherry St, Macon, GA 31201-6330
      View Details
    • Value Estimation
      $525,000
      2,650 SF

      505 2nd St, Unit 302

      INDUSTRIAL LOFT BUILDING • 2,650 SF
      505 2nd St, Macon, GA 31201-2784
      View Details
    • Value Estimation
      $630,000
      4,075 SF

      530 Cherry St, Unit 201

      INDUSTRIAL LOFT BUILDING • 4,075 SF
      530 Cherry St, Macon, GA 31201-2711
      View Details
    • Value Estimation
      $505,000
      36,192 SF

      1675 Montpelier Ave

      INDUSTRIAL LOFT BUILDING • 36,192 SF
      1675 Montpelier Ave, Macon, GA 31201-6615
      View Details
    • Value Estimation
      $160,000
      1,020 SF

      522 Cherry St

      INDUSTRIAL LOFT BUILDING • 1,020 SF
      522 Cherry St, Macon, GA 31201-2884
      View Details

    Similar Nearby for Sale

    • $299,000
      0.95 Acres

      Macon, GA Commercial Land

      0.95-acre C2 zoned development site
      1220 Martin Luther King Jr Blvd, Macon, GA 31201
      View Details
    • $500,000
      3.02 Acres

      Macon Industrial Land: 3.02 Acres

      Prime Macon industrial land, ideal for development.
      112 Lower Poplar St, Macon, GA 31201
      View Details
    • $1,970,000
      26,216 SF

      Macon Mixed-Use Investment Opportunity

      Prime Macon location, 26,216 sq ft, high ROI.
      1680 Broadway, Macon, GA 31201
      View Details
    • $375,000
      4,948 SF

      Macon Mixed-Use Commercial Building

      Downtown Macon investment opportunity. High-visibility location.
      442 2Nd St, Macon, GA 31201
      View Details
    • $1,850,000
      13 SF

      Mixed-Use Building with Retail

      Two-story mixed-use building featuring retail and loft units.
      362-378 2Nd St, Macon, GA 31201
      View Details
    • $630,000
      2,583 SF

      Downtown Loft Building with Open Layout

      Unique downtown loft with renovated interior and gated parking.
      534 2Nd St, Macon, GA 31201
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      750 SF

      Loft Retail Space Available

      750± SF loft with one bedroom and bath for rent.
      361 2Nd St, Macon, GA 31201
      View Details
    • $16 SF/Yr
      2,600 SF

      Restaurant Space with Mezzanine

      2,600± SF restaurant space with updated features for lease.
      428 2Nd St, Macon, GA 31201
      View Details
    • $1,750 /Mo
      1,300 SF

      Storefront Retail / Office Space

      1,300± SF retail/office space with open layout in Macon, GA.
      811 Forsyth St, Macon, GA 31201
      View Details
    • $17 SF/Yr
      5,600 SF

      Medical Office Building For Rent

      5,600 SF medical office building built in 2016.
      1625 Hardeman Ave, Macon, GA 31201
      View Details
    • $10 SF/Yr
      1,150 SF

      Macon Medical Office Space Available

      Medical office suite for lease near Walnut and Spring intersection.
      885 Walnut St, Macon, GA 31201
      View Details
    • Contact for pricing
      67,580 SF

      Cherry Street Executive Suites

      Bibb County Office Space Available
      606 Cherry St, Macon, GA 31201
      View Details
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    Macon, GA 31201-2783
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    Realmo Value Estimation

    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.

    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.

    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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