Convenience Store with U-Haul
For Sale
$229,000
3219 Houston Avenue, Macon, GA 31206
COMMERCIAL - Macon, GA
Property Size1,620 SF
Lot Size0.20 Acres
Price / SF$141.36
Days on Market28
Property Features for 3219 Houston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c-1
Subdivision
Bibb County
Standard status
Active
Size
1,620 SF
Lot size
0.20 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Listing Agency:
KELLER WILLIAMS REALTY MIDDLE GEORGIA
(478) 333-5050
Listed By:
Jerrod Otting · License #65847
(727) 631-1938
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 264255
Copyright © 2026 Central Georgia MLS. 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 convenience store property includes both the building and land, with an active on-site U-Haul dealership and multiple operating components. In-store retail is described as including food, beverage, and tobacco sales. Additional revenue streams noted include Georgia Lottery COAM (Coin Operated Amusement Machines), an ATM, and a Bitcoin Depot kiosk.
The property sits on a 0.2-acre lot and is sized at 1,620 SF. Zoning is listed as C-1. The building is equipped with central air and electric heating and cooling.
3219 Houston Avenue, Macon, GA 31206 is offered for sale as a turnkey convenience store setup with the underlying real estate included.
The property sits on a 0.2-acre lot and is sized at 1,620 SF. Zoning is listed as C-1. The building is equipped with central air and electric heating and cooling.
3219 Houston Avenue, Macon, GA 31206 is offered for sale as a turnkey convenience store setup with the underlying real estate included.
Key Highlights
- 0.2‑acre lot with 1,620 SF convenience store building
- C‑1 zoning
- Active on‑site U‑Haul dealership
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
$17,893
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
7.81%
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%
$357,860
$357.9K
Cap Rate 7%
$255,614
$255.6K
Cap Rate 9%
$198,811
$198.8K
Market Conditions
NOI Build-Up for 1,620 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
$25.3K $15.60/SF
− Vacancy
−$1.4K −$0.87/SF
EGI
$23.9K $14.73/SF
− OpEx
−$6.0K −$3.68/SF
NOI
$17.9K $11.04/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$357,860
Cap Rate 7%
$255,614
Cap Rate 9%
$198,811
Alternative Uses
Best Use
Specialty Retail
$255.6K
$223.7K – $298.2K
NOI $17,893 @ 7.0% cap · market cap 7.81%
Second Best
Retail
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 6.73%
Theoretical Best
Healthcare Medical
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 46%
Flash Foods
Groceries
10,108 visits/mo
0.5 miles
Circle K
Shops & Services
8,704 visits/mo
0.5 miles
Chevron
Shops & Services
2,981 visits/mo
0.2 miles
Demographics for 31206, GA
26,519
Population
11,415
Households
2.3
Avg Household Size
33
Median Age
7%
College-Educated
79%
High-School Grad
26.6 sq mi
ZIP Area
997
Density / Sq Mi
$35,006
Median Household Income
$30,537
Median Earnings
$898
Median Rent
$84,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Family Supermarket — 2965 Houston Ave, Macon, GA 31206
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - C-1 zoned convenience store with central air and electric HVAC, plus an on-site U-Haul dealership and lottery/ATM offerings.
Where is this grocery and convenience store located?
The property is located at 3219 Houston Avenue Macon, GA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 0.2‑acre lot with 1,620 SF convenience store building; C‑1 zoning; Active on‑site U‑Haul dealership
