Warehouse/Flex
New
For Sale
$245,000
315 Edgewood Lane, Macon, GA 31201
Commercial Sale, Macon, GA
Property Size2,479 SF
Lot Size0.75 Acres
Price / SF$98.83
Days on Market1
Property Features for 315 Edgewood Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Parking features
Parking Lot
Fencing
Chain Link
Lot features
Corner Lot
Directions
Use GPS
Standard status
Active
APN
Q0840127
Size
2,479 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1036
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1995
Flooring type
Concrete
Building materials
Stucco
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Nicholas Stahl
(678) 346-0714
Added: Sep 8
Last Checked: Sep 8 at 7:06PM
MLS# 10841698
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space offering combines five parcels with approximately 0.75 acres of land and approximately 2,479 square feet of warehouse improvements. The improvements include a 1,110-square-foot warehouse at 315 Edgewood Lane and a 1,369-square-foot warehouse at 325 Edgewood Lane. The remaining parcels are located at 310 Edgewood Avenue, 1545 Fifth Street, and 322 Edgewood Avenue.
Built in 1995, the improvements feature stucco construction, concrete flooring, electric heating and cooling, and a parking lot. The property includes chain-link fencing, cable availability, public water, and public sewer. Commercial/Residential zoning applies to the assemblage.
Built in 1995, the improvements feature stucco construction, concrete flooring, electric heating and cooling, and a parking lot. The property includes chain-link fencing, cable availability, public water, and public sewer. Commercial/Residential zoning applies to the assemblage.
Key Highlights
- Five‑lot assemblage totaling approximately 0.75 acres
- Approximately 2,479 square feet of warehouse/flex improvements
- 1,110‑square‑foot warehouse at 315 Edgewood Lane
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,760
$366.8K
Cap Rate 7%
$261,971
$262.0K
Cap Rate 9%
$203,756
$203.8K
Market Conditions
NOI Build-Up for 2,479 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.5K $9.48/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$21.6K $8.70/SF
− OpEx
−$3.2K −$1.31/SF
NOI
$18.3K $7.40/SF
Area
Macon, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,760
Cap Rate 7%
$261,971
Cap Rate 9%
$203,756
Alternative Uses
Best Use
Warehouse
$262.0K
$229.2K – $305.6K
NOI $18,338 @ 7.0% cap · market cap 7.48%
Second Best
Industrial
$223.7K
$195.7K – $261.0K
NOI $15,659 @ 7.0% cap · market cap 6.39%
Theoretical Best
Healthcare Medical
$474.3K
$415.0K – $553.3K
NOI $33,199 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31201, GA
8,882
Population
4,916
Households
1.8
Avg Household Size
35
Median Age
29%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
945
Density / Sq Mi
$22,936
Median Household Income
$27,311
Median Earnings
$912
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial/Residential zoning accompanies warehouse and flex improvements across a multi-parcel offering.
Where is this flex space located?
The property is located at 315 Edgewood Lane Macon, GA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Five‑lot assemblage totaling approximately 0.75 acres; Approximately 2,479 square feet of warehouse/flex improvements; 1,110‑square‑foot warehouse at 315 Edgewood Lane
