Two Office Buildings Near
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1365 Georgia Ave, Macon, GA 31201
Two office buildings totaling 4,878 SF on 0.97 acres.
Property Size4,878 SF
Lot Size0.97 Acres
Price / SF$107.63
Days on Market168
Property Features for 1365 Georgia Ave
General Information
Standard status
Active
Size
4,878 SF
Class
B
Lot size
0.97 Acres
Property subtype
Office
Zoning
C-1 (Commercial)
Building Details
Buildings
2
Units
2
Listing Agency:
The Summit Group
Listed By:
Jim Rollins · License #GA 27458
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 10 at 12:08PM
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 The Summit Group
Investment Insights
Based on property information with market context.
Two office buildings at 1365 & 1371 Georgia Avenue offer a combined area of approximately 4,878 square feet on approximately 0.97 acres in Bibb County. The property is located 0.7 miles from Interstate 75 (Exit 164), providing regional connectivity and proximity to downtown Macon. The building at 1365 Georgia Avenue, with approximately 2,538 square feet, includes two offices, a conference room, two restrooms, a rear storage/work area, and the potential for a third office, suitable for professional or administrative use. The building at 1371 Georgia Avenue, with approximately 2,340 square feet, features 12-foot ceiling heights, two restrooms, an unloading lift at the rear, and open space previously used as a mail sorting facility, making it suitable for flex, service, or light distribution. The location benefits from traffic counts of approximately 4,380 vehicles per day on Georgia Avenue and 83,300 vehicles per day on I-75, according to 2024 GDOT data.
Key Highlights
- Excellent regional connectivity with convenient access to Interstate 75 (0.7 miles) and proximity to downtown Macon.
- Two buildings totaling ±4,878 SF on ±0.97 acre, offering versatile usage options.
- The ±2,340 SF building at 1371 Georgia Avenue is ideal for flex, service, or light distribution use with 12‑foot ceilings and an unloading lift.
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
$47,765
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
9.10%
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%
$955,300
$955.3K
Cap Rate 7%
$682,357
$682.4K
Cap Rate 9%
$530,722
$530.7K
Market Conditions
NOI Build-Up for 4,878 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
$93.7K $19.20/SF
− Vacancy
−$30.0K −$6.14/SF
EGI
$63.7K $13.06/SF
− OpEx
−$15.9K −$3.26/SF
NOI
$47.8K $9.79/SF
Area
Macon, GA
Vacancy
32.00%
Lease Rate
$19.20 /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%
$955,300
Cap Rate 7%
$682,357
Cap Rate 9%
$530,722
Alternative Uses
Best Use
Office B
$682.4K
$597.1K – $796.1K
NOI $47,765 @ 7.0% cap · market cap 9.10%
Second Best
Industrial
$440.2K
$385.2K – $513.6K
NOI $30,813 @ 7.0% cap · market cap 5.87%
Theoretical Best
Healthcare Medical
$933.2K
$816.6K – $1.09M
NOI $65,326 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 31201, GA
8,882
Population
4,916
Households
1.8
Avg Household Size
35
Median Age
29%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
945
Density / Sq Mi
$22,936
Median Household Income
$27,311
Median Earnings
$912
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two office buildings totaling 4,878 SF on 0.97 acres.
Where is this office building located?
The property is located at 1365 Georgia Ave Macon, GA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Excellent regional connectivity with convenient access to Interstate 75 (0.7 miles) and proximity to downtown Macon.; Two buildings totaling ±4,878 SF on ±0.97 acre, offering versatile usage options.; The ±2,340 SF building at 1371 Georgia Avenue is ideal for flex, service, or light distribution use with 12‑foot ceilings and an unloading lift.
