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    Property profile & analytics

    Raymonde Kelley Dr Macon, GA 31206

    • Schools
    • 62,151 SF
    • 2.23 lot acres
    OFF-MARKET
    Value Estimations
    $2,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2611593
    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

    • Schools

    Property Details for Raymonde Kelley Dr

    Year built
    2000
    Lot size
    2.23 lot acres
    Property size
    62,151 SF
    Zone code
    R-1A
    Property type
    Schools
    APN
    N091-0028
    APU
    N0910028

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $3,585,000
      Current use
      AUTO REPAIR, GARAGE
      $3,945,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $3,915,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $3,760,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $3,175,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6933
    Latitude
    32.8093
    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
    $0.00
    $226,086
    $2,156,403
    $2,382,489
    -
    $565,215
    $5,391,008
    $5,956,223

    Comparable in this City

    • Value Estimation by Request
      0.40 Acres

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      0.10 Acres

      1975 Broadway

      CHARITABLE ORGANIZATION • 0.10 Acres
      1975 Broadway, Macon, GA 31206-1370
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      4,138 SF

      5263 Bloomfield Rd

      DAY CARE, PRE-SCHOOL • 4,138 SF
      5263 Bloomfield Rd, Macon, GA 31206-4443
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      1,680 SF

      4401 Elkan Ave

      DAY CARE, PRE-SCHOOL • 1,680 SF
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      2,196 SF

      962 Burke St

      DAY CARE, PRE-SCHOOL • 2,196 SF
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    • Value Estimation by Request
      2,538 SF

      3182 Houston Ave

      DAY CARE, PRE-SCHOOL • 2,538 SF
      3182 Houston Ave, Macon, GA 31206-2324
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.52 Acres

      Residential Lot in Macon, Georgia

      Half-acre residential lot suitable for new construction in Macon, GA.
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    • $195,000
      0.25 Acres

      Income-Producing Multifamily Property

      Investment opportunity with strong rental potential in Macon, GA.
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    • $104,000
      0.22 Acres

      Macon Multifamily Investment Opportunity

      Occupied multifamily property with a 12% CAP rate.
      3403 Tamplin Ter, Macon, GA 31206
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    • Contact for pricing
      0.58 Acres

      Land For Sale, Macon, GA

      Commercial land available in Macon, GA.
      4054 Marion Ave, Macon, GA 31206
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    • $400,000
      1.32 Acres

      Macon Commercial Land: 1.32 Acres

      Prime Macon location, I-475 access.
      2259 Heath Rd, Macon, GA 31206
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    • $479,900
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      Six-Unit Multifamily Investment Property

      Fully renovated, fully rented six-unit multifamily property in Macon, GA.
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    Similar Nearby for Lease

    • Contact for pricing
      3,638 SF

      Industrial Space Available For Lease

      Industrial space available for lease with potential outdoor storage.
      2815 Pio Nono Ave, Macon, GA 31206
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    • Contact for pricing
      10,350 SF

      Retail Space Near Macon Mall

      Retail spaces available from 1,600 to 28,300 square feet.
      3755 Bloomfield Rd, Macon, GA 31206
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    • Contact for pricing

      Retail Space in Eisenhower Crossing

      Retail space for lease in a dominant regional power center.
      4628-4696 Presidential Pkwy, Macon, GA 31206
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    • $8 SF/Yr
      21,615 SF

      Macon Showroom/Warehouse Space

      High-traffic Macon location, 21,615 SF.
      3656 Eisenhower Pkwy, Macon, GA 31206
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    • Contact for pricing
      10,350 SF

      Restaurant Space in Summit Center

      Restaurant space available for lease in shopping center.
      3709 Bloomfield Dr, Macon, GA 31206
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    • $30 SF/Yr
      5,668 SF

      Macon Restaurant - Turnkey Opportunity

      Fully equipped, 5,668 sq ft restaurant.
      4640 Presidential Pkwy, Macon, GA 31206
      View Details
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    Raymonde Kelley Dr
    Macon, GA 31206
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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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