Turnkey Auto Repair Business
For Sale
$485,000
2644 Houston Ave, Macon, GA 31206
Fully equipped auto repair business for sale on Houston Avenue.
Property Size2,809 SF
Price / SF$172.66
Days on Market219
Property Features for 2644 Houston Ave
General Information
Standard status
Active
Size
2,809 SF
Taxes and HOA fees
Annual Taxes
$1,304
Listing Agency:
Keller Williams Realty Middle Georgia
(478) 250-2310
Listed By:
Ciara Hernandez · License #372311
(478) 250-2310
Source:
Exprealty
Added: Jan 23
Changed: Aug 25
Last Checked: Aug 29 at 3:21PM
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 Keller Williams Realty Middle Georgia
Investment Insights
Based on property information with market context.
This commercial property presents an opportunity to own a fully equipped, turnkey automotive repair business. The property is situated in a high-visibility location on Houston Avenue in Macon, GA. It is being sold with a full suite of equipment and tools, allowing for immediate operations. The building includes five front-facing service bay doors, designed to provide efficient workflow and capacity for multiple vehicles. A fenced-in rear lot offers secure storage. Roadside signage provides exposure to daily traffic. Major equipment included in the sale is an alignment machine, tire balancing machine, and an extensive collection of shop equipment and tools. This is an opportunity for an owner-operator or investor seeking a ready-to-run automotive business.
Key Highlights
- Turnkey automotive repair business ready for immediate operation.
- Includes a full suite of equipment and tools, featuring an alignment machine and tire balancing machine.
- High‑visibility location on Houston Avenue in Macon, GA.
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
$26,729
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
5.51%
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%
$534,580
$534.6K
Cap Rate 7%
$381,843
$381.8K
Cap Rate 9%
$296,989
$297.0K
Market Conditions
NOI Build-Up for 2,809 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
$40.4K $14.40/SF
− Vacancy
−$2.3K −$0.81/SF
EGI
$38.2K $13.59/SF
− OpEx
−$11.5K −$4.08/SF
NOI
$26.7K $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%
$534,580
Cap Rate 7%
$381,843
Cap Rate 9%
$296,989
Alternative Uses
Best Use
Retail
$381.8K
$334.1K – $445.5K
NOI $26,729 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$253.5K
$221.8K – $295.7K
NOI $17,744 @ 7.0% cap · market cap 3.66%
Theoretical Best
Healthcare Medical
$537.4K
$470.2K – $627.0K
NOI $37,618 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Home Improvements & Furnishings 6%
Family Dollar
Shops & Services
3,845 visits/mo
0.2 miles
Citgo
Shops & Services
3,262 visits/mo
0.2 miles
Nextran Truck Centers
Shops & Services
1,202 visits/mo
0.3 miles
Airgas
Home Improvements & Furnishings
550 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Grinstead Garage — 3121 Broadway, Macon, GA 31206
- Oliver's Auto & Truck Repair — 3089 Broadway, Macon, GA 31206
- Rush Truck Centers – Macon Mobile Service — 3069 Broadway, Macon, GA 31206
- Rush Truck Centers – Macon Service — 3069 Broadway, Macon, GA 31206
- RUSH TRUCK CENTER — 3065 Broadway, Macon, GA 31206
Frequently Asked Questions
What type of property is this?
Auto shop - Fully equipped auto repair business for sale on Houston Avenue.
Where is this auto shop located?
The property is located at 2644 Houston Ave Macon, GA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Turnkey automotive repair business ready for immediate operation.; Includes a full suite of equipment and tools, featuring an alignment machine and tire balancing machine.; High‑visibility location on Houston Avenue in Macon, GA.
