Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5615 Houston Rd Macon, GA 31216

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Neighborhood retail center with anchor tenants in growing area.

    Property size:
    50,232 SF

    Property Features for 5615 Houston Rd

    General Information

    Size
    50,232 SF

    We can help!

    Listing Contact
    Louise Jennings-McCullar
    Source: Realestatesoutheast

    Listing Agent: Louise Jennings-McCullar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Center in High-Traffic Area

    This neighborhood retail center is situated in a high-growth, high-traffic area at the intersection of Houston Road and Hartley Bridge Road. Anchor tenants include Food Depot and Family Dollar. The location offers convenient access to I-75, I-475, and Highway 247. Neighboring businesses include CVS, Fincher’s BBQ, Pizza Hut, Texas Cattle Company, and Midsouth Community Federal Credit Union. The property features prominent pylon signage. It is conveniently located near Macon’s new Industrial Authority and offers easy access to I-75, I-475, & Hwy 247. The property size is 50232 square feet.
    Location Intelligence

    Current Use by Public Records

    Food Depot Grocery Store Allstate Insurance: Alex ... Insurance Agency Hair Trends Beauty Salon Family Dollar Dollar Store Houston Spirits & Tobacco Liquor Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6731594
    Latitude
    32.7476351

    Nearby Similar for Sale

    • $950,000
      Pending

      Sprawling Church Campus For Sale

      Large church campus with sanctuary, classrooms, gymnasium, and offices.
      2270 Shurling Dr, Macon, GA 31211
      View Details
    • New
      $775,000
      2.38 Acres

      Macon Multifamily Investment Opportunity

      Multifamily complex in East Macon with Jones County schools.
      240 Neptune Ct, Macon, GA 31211
      View Details
    • $259,000
      0.17 Acres

      Multifamily Investment Opportunity in Macon

      Multifamily parcel with two detached properties and covered carport.
      2696 Suwanee Ave, Macon, GA 31204
      View Details
    • $259,000
      0.17 Acres

      Multifamily Parcel in Macon, Georgia

      Multifamily parcel with two detached properties and shared carport.
      2696 Suwanee Ave, Macon, GA 31204
      View Details
    • New
      $285,000
      3,792 SF

      Macon Church Property For Sale

      Spacious church property in Macon, GA, ideal for ministry.
      1159 Scotland Ave, Macon, GA 31204
      View Details
    • $275,000

      Macon Church Property For Sale

      Spacious church in Macon, GA with sanctuary, offices, and classrooms.
      1159 Scotland Ave, Macon, GA 31204
      View Details
    • $599,000
      2.61 Acres

      Macon Commercial Opportunity

      Commercial building suitable for daycare, senior facility, school, or office.
      4433 Roundfield Rd, Macon, GA 31210
      View Details
    • $425,000
      700 SF

      Duplex Investment Opportunity in Macon

      Turn-key duplex with tenants in place, part of package deal.
      4409 Mikado Ave, Macon, GA 31206
      View Details
    • $425,000
      0.32 Acres

      Macon Multifamily Investment Opportunity

      Turn-key investment: duplex and single-family home package.
      912 Thomas St, Macon, GA 31206
      View Details
    • $425,000
      0.34 Acres

      Macon Multifamily Investment Opportunity

      Turn-key investment: three duplexes and one single-family home.
      4409 Mikado Ave, Macon, GA 31206
      View Details
    • $425,000
      700 SF

      Turn-Key Investment Property Package

      Package deal: duplexes and single-family home, tenants in place.
      912 Thomas St, Macon, GA 31206
      View Details
    • $159,000
      0.23 Acres

      Macon Commercial/Industrial Opportunity

      High visibility commercial property with ample parking in Macon, GA.
      3192 Vineville Ave, Macon, GA 31204
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood retail center with anchor tenants in growing area.
    Where is this shopping center located?
    The property is located at 5615 Houston Rd Macon, GA.
    What is the asking price?
    The asking price for this property is $28.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of Houston Road and Hartley Bridge Road in fast-growing Southern Bibb County.; - Anchor tenants include **Food Depot and Family Dollar, driving consistent customer traffic.**; - Easy access to I-75, I-475, and Highway 247, facilitating regional accessibility.
    (404) 606-3285
    Request Owner's contact information
    5615 Houston Rd Macon, GA 31216
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5615 Houston Rd
    Macon, GA 31216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5615 Houston Rd Macon, GA 31216
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Louise Jennings-McCullar
    Real Estate License ID: GA #166727
    (404) 606-3285
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.