Office
New
For Sale
$189,000
215 Pierce Avenue, Macon, GA 31204
A compact professional property at 215 Pierce Avenue in Macon, Georgia.
Property Size1,482 SF
Price / SF$127.53
Days on Market5
Property Features for 215 Pierce Avenue
General Information
Standard status
Active
Size
1,482 SF
Property subtype
Office
Site & Location
Neighborhood
Vineville
Additional Details
Property Use
Office
Building Details
Building Size
1,482 SF
Listing Agency:
Coldwell Banker Commercial Eberhardt & Barry
Listed By:
Miki Folsom · License #131476
(478) 746-8171
Source:
Cbcworldwide
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 12:36PM
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 Coldwell Banker Commercial Eberhardt & Barry
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Investment Insights
Based on property information with market context.
This office building contains approximately 1,482 square feet. It is located at 215 Pierce Avenue in Macon, Georgia.
Key Highlights
- 1,482± SF office building
- Located at 215 Pierce Avenue in Macon, GA 31204
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,512
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,240
$290.2K
Cap Rate 7%
$207,314
$207.3K
Cap Rate 9%
$161,244
$161.2K
Market Conditions
NOI Build-Up for 1,482 SF
Gross rent
$28.5K $19.20/SF
− Vacancy
−$9.1K −$6.14/SF
EGI
$19.3K $13.06/SF
− OpEx
−$4.8K −$3.26/SF
NOI
$14.5K $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 Rate 5%
$290,240
Cap Rate 7%
$207,314
Cap Rate 9%
$161,244
Alternative Uses
Best Use
Office B
$207.3K
$181.4K – $241.9K
NOI $14,512 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 31204, GA
30,512
Population
15,578
Households
2
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
14.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$38,478
Median Household Income
$32,586
Median Earnings
$917
Median Rent
$123,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A compact professional property at 215 Pierce Avenue in Macon, Georgia.
Where is this office building located?
The property is located at 215 Pierce Avenue Macon, GA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,482± SF office building; Located at 215 Pierce Avenue in Macon, GA 31204
