Retail Space For
1280 Gray Hwy, Macon, GA 31211
For Sale
Contact for pricing
Retail space available with a 14.00% CAP rate.
Property Size14,828 SF
Price / SF$151.74
Days on Market247
Property Features for 1280 Gray Hwy
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Pharma Property Group
Listed By:
Jason Pongsrikul · License CA #01918332
(619) 297-0055
Source:
Crexi
Added: Mar 10
Changed: Nov 6
Last Checked: Nov 10 at 8:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space offers 14,828 square feet of area. The property is being offered for sale and features a 14.00% CAP rate.
Key Highlights
- 14.00% CAP Rate
- 14,828 SqFt Retail Space
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,096
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,920
$2.8M
Cap Rate 7%
$2,015,657
$2.0M
Cap Rate 9%
$1,567,733
$1.6M
Market Conditions
NOI Build-Up for 14,828 SF
Gross rent
$213.5K $14.40/SF
− Vacancy
−$12.0K −$0.81/SF
EGI
$201.6K $13.59/SF
− OpEx
−$60.5K −$4.08/SF
NOI
$141.1K $9.52/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,920
Cap Rate 7%
$2,015,657
Cap Rate 9%
$1,567,733
Alternative Uses
Best Use
Retail
$2.02M
$1.76M – $2.35M
NOI $141,096 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.84M
$2.48M – $3.31M
NOI $198,577 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
264k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 32%
Superstores 28%
Groceries 3%
Walmart
Superstores
72,650 visits/mo
0.4 miles
Murphy USA
Shops & Services
26,448 visits/mo
0.3 miles
Burger King
Dining
20,891 visits/mo
0.3 miles
Wendy's
Dining
20,675 visits/mo
0.4 miles
Roses Discount Store
Shops & Services
14,835 visits/mo
0.3 miles
Demographics for 31211, GA
15,867
Population
7,736
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
88%
High-School Grad
44.3 sq mi
ZIP Area
358
Density / Sq Mi
$51,595
Median Household Income
$35,525
Median Earnings
$918
Median Rent
$159,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Macon, GA
Properties on Market for Retail space in Macon
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available with a 14.00% CAP rate.
Where is this retail space located?
The property is located at 1280 Gray Hwy Macon, GA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 14.00% CAP Rate; 14,828 SqFt Retail Space; Built in 2002
