North Macon Commercial Building
For Sale
$995,000
2080 Bowman Park, Macon, GA 31210
7,480 SF building in a rapidly developing area.
Property Size7,480 SF
Price / SF$133.02
Days on Market158
Property Features for 2080 Bowman Park
General Information
Standard status
Active
Size
7,480 SF
Building Details
Year Built
2026
Listing Agency:
PrimePoint Ventures
(478) 394-4545
Listed By:
George Emami · License #216409
Source:
Harmonandharmon
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 29 at 12:23PM
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 PrimePoint Ventures
Investment Insights
Based on property information with market context.
This property in North Macon presents an opportunity in a rapidly developing area. The 7,480 square-foot building is offered as a fully enclosed, finished exterior with a core-and-shell, dried-in structure, and permanent power. A customized buildout is available. The location is suitable for retail, healthcare, or high-end service businesses. The property provides easy access to I-75 and proximity to conveniences, situated in a fast-growing corridor with commercial potential. It is suitable for retail or office space. The lot is also available pre-construction.
Key Highlights
- Prime location in a rapidly developing area of North Macon with strong commercial potential.
- Easy on/off access to I‑75 and close to all conveniences.
- 7,480 sq ft building with fully enclosed, finished exterior, dried‑in structure, and permanent power.**
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
$71,176
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
7.15%
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%
$1,423,520
$1.4M
Cap Rate 7%
$1,016,800
$1.0M
Cap Rate 9%
$790,844
$790.8K
Market Conditions
NOI Build-Up for 7,480 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
$107.7K $14.40/SF
− Vacancy
−$6.0K −$0.81/SF
EGI
$101.7K $13.59/SF
− OpEx
−$30.5K −$4.08/SF
NOI
$71.2K $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 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%
$1,423,520
Cap Rate 7%
$1,016,800
Cap Rate 9%
$790,844
Alternative Uses
Best Use
Retail
$1.02M
$889.7K – $1.19M
NOI $71,176 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.43M
$1.25M – $1.67M
NOI $100,172 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
259k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 38%
Apparel 9%
Beauty & Spa 2%
Circle K
Shops & Services
46,890 visits/mo
0.4 miles
McDonald's
Dining
32,493 visits/mo
0.5 miles
Michaels
Shops & Services
21,250 visits/mo
0.3 miles
7 Brew Coffee
Dining
21,209 visits/mo
0.4 miles
Burger King
Dining
18,566 visits/mo
0.5 miles
Demographics for 31210, GA
35,345
Population
15,768
Households
2.2
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
41.3 sq mi
ZIP Area
856
Density / Sq Mi
$82,158
Median Household Income
$44,231
Median Earnings
$1,260
Median Rent
$259,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 7,480 SF building in a rapidly developing area.
Where is this retail space located?
The property is located at 2080 Bowman Park Macon, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location in a rapidly developing area of North Macon with strong commercial potential.; Easy on/off access to I‑75 and close to all conveniences.; 7,480 sq ft building with fully enclosed, finished exterior, dried‑in structure, and permanent power.**
