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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5233 Riverside Dr Macon, GA 31210-1252

    • Office Properties & Spaces
    • 9,174 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2022
    $1,000,000
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    9.7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US22-2270534
    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

    • CareSouth Health System, Inc. / Home Health Care Service / Hospice
    • Edward Jones - Financial Advisor: Amy L Whaley / Financial Advisor
    • Edward Jones - Financial Advisor: Bobby E Whaley / Financial Advisor
    • Hawk Law Firm / Law Firm
    • Regency SouthernCare - Macon / Nursing Home

    Property Details for 5233 Riverside Dr

    Year built
    2010
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Property size
    9,174 SF
    Zone code
    R-3
    Property type
    Office Properties & Spaces
    APN
    L002-0132
    APU
    L0020132

    Description

    This exceptional 2,769 square foot coworking space, built in 2010, presents a fantastic opportunity for businesses seeking a vibrant and accessible location. Situated in Bibb County, this single-story building boasts a C-3 commercial zoning designation, ensuring flexibility for a wide range of uses. The interior layout is well-designed and includes four private offices, two restrooms, a spacious conference room, a dedicated break area, and ample storage. The property offers convenient parking, with a ratio of four spaces per 1,000 square feet. Landlord pays taxes and insurance, simplifying operational costs. Its strategic location immediately off Interstate 75 (Exit 171) provides unparalleled access to major transportation routes and a high volume of daily traffic. The surrounding area is thriving, with nearby businesses including The Shoppes At River Crossing, and a diverse mix of local and national retailers, restaurants, car dealerships, and other offices, creating a dynamic and convenient environment for employees and clients alike. This turnkey solution offers immediate occupancy and a strong foundation for business growth. The property's size and amenities make it ideal for a variety of businesses seeking a collaborative and productive workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000
      ML approach
      $915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $908,000
      Market price range: $414k - $1.12M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,365,000
      Current use
      RESTAURANT
      $1,470,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $1,175,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7142
    Latitude
    32.9321
    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
    $12,072
    $160,000
    $369,483
    $529,483
    -
    $400,000
    $923,708
    $1,323,708

    Comparable in this City

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      135 Crst Blvd

      OFFICE (GENERAL) • 4,480 SF
      135 Crst Blvd, Macon, GA 31210-1845
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    • Value Estimation
      $1,495,000
      19,887 SF

      118 Preston Ct

      OFFICE (GENERAL) • 19,887 SF
      118 Preston Ct, Macon, GA 31210-5768
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    • Value Estimation
      $5,700,000
      20,500 SF

      105 Gtwy Dr

      OFFICE (GENERAL) • 20,500 SF
      105 Gtwy Dr, Macon, GA 31210-1284
      View Details
    • Value Estimation by Request
      2,116 SF

      125 Plantation Ctr Dr S Ste, Unit 750

      OFFICE (GENERAL) • 2,116 SF
      125 Plantation Ctr Dr S Ste, Macon, GA 31210-2079
      View Details

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    • $566,400
      9.44 Acres

      Macon, GA Land: 9.44 Acres

      Prime Macon development land, ideal for multifamily or office.
      4140 Arkwright Rd, Macon, GA 31210
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    Similar Nearby for Lease

    • $10 SF/Yr
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      Macon office space, flexible layouts.
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    • Contact for pricing
      14,000 SF

      330 Corporate Parkway: Flex Space Available

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    • $10 SF/Yr
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      Macon Office Space Available

      Prime Macon office space, 3,862 sq ft.
      3220 Riverside Dr, Macon, GA 31210
      View Details
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    5233 Riverside Dr
    Macon, GA 31210-1252
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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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