Storefront Retail
For Sale
$250,000
816 Hall Street, Macon, GA 31217
COMMERCIAL, Macon, GA
Property Size1,170 SF
Lot Size0.04 Acres
Price / SF$213.68
Days on Market140
Property Features for 816 Hall Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R2
Subdivision
Bibb County
Standard status
Active
Size
1,170 SF
Lot size
0.04 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Central Air, Electric
Listing Agency:
GOLDEN KEY REALTY
(478) 929-4444
Listed By:
Nicholas Horne · License #443164
(478) 230-3882
Added: May 1
Changed: Sep 16
Last Checked: Sep 17 at 6:06PM
MLS# 262651
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.
Located at 816 Hall Street in Macon, Georgia, this storefront property contains 1,170 square feet and is associated with retail and restaurant use. The space is presented as a locally oriented shop featuring handmade goods, locally sourced products, and distinctive merchandise, along with restaurant operations.
The property carries R2 zoning and includes central air and electric cooling, supported by a wall furnace for heat. Its storefront configuration provides a compact commercial setting for the existing retail and dining combination.
The property carries R2 zoning and includes central air and electric cooling, supported by a wall furnace for heat. Its storefront configuration provides a compact commercial setting for the existing retail and dining combination.
Key Highlights
- 1,170‑square‑foot storefront property
- Retail and restaurant use
- R2 zoning
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
$12,922
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
5.17%
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%
$258,440
$258.4K
Cap Rate 7%
$184,600
$184.6K
Cap Rate 9%
$143,578
$143.6K
Market Conditions
NOI Build-Up for 1,170 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
$18.3K $15.60/SF
− Vacancy
−$1.0K −$0.87/SF
EGI
$17.2K $14.73/SF
− OpEx
−$4.3K −$3.68/SF
NOI
$12.9K $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%
$258,440
Cap Rate 7%
$184,600
Cap Rate 9%
$143,578
Alternative Uses
Best Use
Specialty Retail
$184.6K
$161.5K – $215.4K
NOI $12,922 @ 7.0% cap · market cap 5.17%
Second Best
Retail
$159.0K
$139.2K – $185.6K
NOI $11,133 @ 7.0% cap · market cap 4.45%
Theoretical Best
Healthcare Medical
$223.8K
$195.9K – $261.2K
NOI $15,669 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 29%
Electronics 3%
Wendy's
Dining
20,675 visits/mo
0.5 miles
KFC
Dining
8,566 visits/mo
0.5 miles
Arby's
Dining
7,027 visits/mo
0.5 miles
Chevron
Shops & Services
3,878 visits/mo
0.5 miles
Chevron
Shops & Services
3,264 visits/mo
0.4 miles
Demographics for 31217, GA
17,808
Population
7,870
Households
2.3
Avg Household Size
40
Median Age
9%
College-Educated
84%
High-School Grad
107.8 sq mi
ZIP Area
165
Density / Sq Mi
$43,821
Median Household Income
$33,244
Median Earnings
$858
Median Rent
$95,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing retail and restaurant space with central air, electric cooling, and wall-furnace heat.
Where is this storefront property located?
The property is located at 816 Hall Street Macon, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,170‑square‑foot storefront property; Retail and restaurant use; R2 zoning
