Brick Storefront with Parking
For Sale
$150,000
Pending
2290 Pio Nono Avenue, Macon, GA 31206
Commercial Sale, Macon, GA
Property Size969 SF
Lot Size0.10 Acres
Days on Market151
Property Features for 2290 Pio Nono Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Business Park
Directions
South: I-75 N to US-80 W/Eisenhower Pkwy. Take exit 162 for US 80 W. Turn left onto Eisenhower Pkwy. Turn right onto Pio Nono Ave, building on right. North: I-75 S to Mercer University Dr. Take exit 163. Turn right onto GA-74, 2nd cross street turn left
Standard status
Pending
APN
O0840474
Size
969 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
806
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Building materials
Brick
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Jessica Flournoy
(803) 378-2060
Added: Mar 26
Changed: Aug 19
Last Checked: Aug 23 at 7:06PM
MLS# 10718632
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 969-square-foot storefront at 2290 Pio Nono Avenue features brick construction, central heating, central air, and electric service for heating. Built in 1950, the property includes access to public water and public sewer, with water available at the site.
The sale also includes 2246 Pio Nono Avenue, identified as a parking lot across the street from the storefront. The combined offering provides a retail-oriented building and separate parking component on approximately 0.1 acres.
The sale also includes 2246 Pio Nono Avenue, identified as a parking lot across the street from the storefront. The combined offering provides a retail-oriented building and separate parking component on approximately 0.1 acres.
Key Highlights
- 969 square feet of storefront space
- Brick construction completed in 1950
- Central heating and central air
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
$9,221
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
6.15%
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%
$184,420
$184.4K
Cap Rate 7%
$131,729
$131.7K
Cap Rate 9%
$102,456
$102.5K
Market Conditions
NOI Build-Up for 969 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
$14.0K $14.40/SF
− Vacancy
−$781 −$0.81/SF
EGI
$13.2K $13.59/SF
− OpEx
−$4.0K −$4.08/SF
NOI
$9.2K $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%
$184,420
Cap Rate 7%
$131,729
Cap Rate 9%
$102,456
Alternative Uses
Best Use
Retail
$131.7K
$115.3K – $153.7K
NOI $9,221 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$185.4K
$162.2K – $216.3K
NOI $12,977 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 30%
Electronics 3%
Home Improvements & Furnishings 1%
McDonald's
Dining
23,832 visits/mo
0.3 miles
Wendy's
Dining
17,410 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,622 visits/mo
0.3 miles
Church's Chicken
Dining
8,002 visits/mo
0.1 miles
Captain D's
Dining
6,653 visits/mo
0.3 miles
Demographics for 31206, GA
26,519
Population
11,415
Households
2.3
Avg Household Size
33
Median Age
7%
College-Educated
79%
High-School Grad
26.6 sq mi
ZIP Area
997
Density / Sq Mi
$35,006
Median Household Income
$30,537
Median Earnings
$898
Median Rent
$84,700
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?
Storefront property - Brick storefront with central HVAC and an additional parking lot across the street.
Where is this storefront property located?
The property is located at 2290 Pio Nono Avenue Macon, GA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 969 square feet of storefront space; Brick construction completed in 1950; Central heating and central air
