58-Room Remodeled
For Sale
$1,750,000
6009 Harrison Road, Macon, GA 31206
Commercial Sale, Macon, GA
Property Size14,604 SF
Lot Size1.50 Acres
Price / SF$119.83
Days on Market51
Property Features for 6009 Harrison Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Semi Turning Available
Directions
South of Atlanta on the Macon 475 bypass. Exit on GA-22E/US-80 E. Turn right onto Harrison Rd.
Standard status
Active
APN
L0910092
Size
14,604 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
18795
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Wall Unit(s)
Water source
Public
Amenities
jacuzzi rooms
kitchenette rooms
suites
4 bedroom apartment with separate entrance
Building Details
Year built
1990
Building materials
Concrete
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Jessica Amor
(954) 560-0384
Added: Jul 17
Changed: Sep 2
Last Checked: Sep 5 at 3:06PM
MLS# 10809691
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 58-room hotel includes 14,604 square feet of improvements on 1.5 acres. The property was recently remodeled and offers a mix of standard guest rooms, jacuzzi rooms, kitchenette rooms, and suites. A four-bedroom apartment with its own entrance adds a distinct residential component. Concrete construction, electric heating, wall-unit and central air conditioning, public water, and public sewer serve the property.
The hotel is positioned just off the interstate and approximately one-half mile from the University of Middle Georgia. Several national and local restaurants are nearby, while a regional shopping mall is approximately one mile away. On-site parking includes space for trucks, and cable service is available.
The hotel is positioned just off the interstate and approximately one-half mile from the University of Middle Georgia. Several national and local restaurants are nearby, while a regional shopping mall is approximately one mile away. On-site parking includes space for trucks, and cable service is available.
Key Highlights
- 58‑room hotel with 14,604 square feet of improvements
- Recently remodeled property on 1.5 acres
- Jacuzzi rooms, kitchenette rooms, and suites
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
$106,135
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
6.06%
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%
$2,122,700
$2.1M
Cap Rate 7%
$1,516,214
$1.5M
Cap Rate 9%
$1,179,278
$1.2M
Market Conditions
NOI Build-Up for 14,604 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
$262.9K $18.00/SF
− Vacancy
−$39.4K −$2.70/SF
EGI
$223.4K $15.30/SF
− OpEx
−$117.3K −$8.03/SF
NOI
$106.1K $7.27/SF
Area
Macon, GA
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$2,122,700
Cap Rate 7%
$1,516,214
Cap Rate 9%
$1,179,278
Alternative Uses
Best Use
Hotel Hospitality
$1.52M
$1.33M – $1.77M
NOI $106,135 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.79M
$2.44M – $3.26M
NOI $195,577 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Updated hospitality property with suites, kitchenette accommodations, and a separate-entry apartment.
Where is this hotel located?
The property is located at 6009 Harrison Road Macon, GA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 58‑room hotel with 14,604 square feet of improvements; Recently remodeled property on 1.5 acres; Jacuzzi rooms, kitchenette rooms, and suites
