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

    640 Nn Ave Macon, GA 31211-1455

    • Office Properties & Spaces
    • 24,000 SF
    • 2.65 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2021
    $2,300,000
    Value Estimations
    $2,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2141433
    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

    • Insurance Service GA / Insurance Agency
    • Macon Office Georgia Department Of Community Supervision / Probation Office
    • US Health & Human Services Department / Public Health Department
    • American Renal Associates - Macon Eastside Dialysis Center / Dialysis Center

    Property Details for 640 Nn Ave

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.65 lot acres
    Property size
    24,000 SF
    Zone code
    C-4
    Property type
    Office Properties & Spaces
    APN
    R071-0335
    APU
    R0710335

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,000,000
      ML approach
      $2,030,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,903,000
      Market price range: $742k - $3.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,315,000
      Current use
      MEDICAL BUILDING
      $3,080,000
      Change: +33% Conversion: Easy
      RETAIL STORES
      $2,115,000
      Change: -8% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,005,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6268
    Latitude
    32.8513
    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
    $26,552
    $204,120
    $692,262
    $896,382
    -
    $510,300
    $1,730,654
    $2,240,954

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      640 North Ave

      Office Properties & Spaces • 6,000 SF
      640 North Ave, Macon, GA 31211
      View Details
    • Value Estimation by Request
      8,588 SF

      717 Nn Ave

      OFFICE (GENERAL) • 8,588 SF
      717 Nn Ave, Macon, GA 31211-1418
      View Details
    • Value Estimation
      $1,015,000
      6,886 SF

      2255 Gray Hwy

      OFFICE (GENERAL) • 6,886 SF
      2255 Gray Hwy, Macon, GA 31211-1058
      View Details
    • Value Estimation by Request
      19,028 SF

      776 Baconsfield Dr

      OFFICE (GENERAL) • 19,028 SF
      776 Baconsfield Dr, Macon, GA 31211-1492
      View Details
    • Value Estimation by Request
      1,640 SF

      835 Clinton Rd

      OFFICE (GENERAL) • 1,640 SF
      835 Clinton Rd, Macon, GA 31211-1821
      View Details
    • Value Estimation by Request

      1374 Gray Hwy

      Office space
      1374 Gray Hwy, Macon, GA 31211
      View Details

    Similar Nearby for Sale

    • $6,300,000
      2 SF

      Multi-Tenant Retail/Office Investment Opportunity

      36,600± SF retail/office center with 99% occupancy and high traffic.
      610-630 North Ave, Macon, GA 31211
      View Details
    • $7,000,000
      36,600 SF

      Macon Retail Center Investment

      Prime Macon shopping center, 36,600 SF.
      610 North Ave, Macon, GA 31211
      View Details
    • Contact for pricing
      96.36 Acres

      Prime Macon Commercial Land

      96 Acres, High Visibility, C-2 Zoning
      0 Gray Hwy At Joycliff Rd, Macon, GA 31211
      View Details
    • $285,000

      Prime Commercial Land on Gray

      0.86 acre commercial land with high traffic and visibility.
      727 Gray Hwy, Macon, GA 31211
      View Details
    • $867,240
      96.36 Acres

      Gray Hwy Commercial Land, Macon, GA

      96 Acres, High Visibility, C-2 Zoning
      0 Gray Hwy, Macon, GA 31211
      View Details
    • $600,000
      836 SF

      Macon Mixed-Use Investment Opportunity

      Five buildings, strong rental income.
      765 Gray Hwy, Macon, GA 31211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      626,828 SF

      Macon Industrial Land For Lease

      5-Acre Industrial Lot, Excellent Location
      0 Rd, Macon, GA 31211
      View Details
    • $2 SF/Yr
      24,230 SF

      Macon Industrial Property For Lease

      24,230 SF industrial property on 4.92 acres for lease.
      2255 Gray Hwy, Macon, GA 31211
      View Details
    • $12 SF/Yr
      16,500 SF

      Retail Space on Gray Highway

      Retail property available for lease with 16,500 square feet.
      1034-1040 Gray Hwy, Macon, GA 31211
      View Details
    • $6 SF/Yr
      119,413 SF

      Shurlington Plaza: Macon Retail Center

      Prime Macon retail space available.
      1605 Shurling Dr, Macon, GA 31211
      View Details
    • $12 SF/Yr

      Retail Space on Gray Highway

      Retail space available for lease on a major retail corridor.
      1040 Gray Hwy, Macon, GA 31211
      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.
    640 Nn Ave
    Macon, GA 31211-1455
    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.