Five-Bay Automotive Repair
For Sale
$485,000
2644 Houston Avenue, Macon, GA 31206
Commercial Sale, Macon, GA
Property Size2,809 SF
Lot Size0.37 Acres
Price / SF$172.66
Days on Market222
Property Features for 2644 Houston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Fencing
Chain Link
Lot features
Corner Lot
Directions
Please use GPS
Standard status
Active
APN
Q0910165
Size
2,809 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
1305
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
Prominent roadside signage
Building Details
Year built
1939
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Metal
Listing Agency:
Keller Williams Middle Georgia · Keller Williams Realty
(478) 333-5050
Listed By:
Ciara Hernandez · License #372311
(478) 250-2310
Added: Jan 22
Changed: Aug 31
Last Checked: Sep 1 at 2:06AM
MLS# 10678819
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.
Located at 2644 Houston Avenue in Macon, this 2809-square-foot automotive repair property occupies 0.37 acres and includes five (5) front-facing service bay doors. The building is constructed with block and brick, has concrete flooring, central air, a metal roof, and a parking lot. A chain-link fenced rear lot provides enclosed outdoor storage connected to the facility.
The sale includes an alignment machine, tire balancing machine, shop equipment, and tools. Public water and public sewer serve the property. Roadside signage is part of the site, supporting visibility along Houston Avenue. Built in 1939, the property is configured for automotive service operations with existing bay access and equipment in place.
The sale includes an alignment machine, tire balancing machine, shop equipment, and tools. Public water and public sewer serve the property. Roadside signage is part of the site, supporting visibility along Houston Avenue. Built in 1939, the property is configured for automotive service operations with existing bay access and equipment in place.
Key Highlights
- Five (5) front‑facing service bay doors
- 2809 square feet on 0.37 acres
- Alignment machine and tire balancing machine included
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
Lease Details
5
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Paved road access
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
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- 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 - Block-and-brick facility with fenced rear storage and included repair equipment.
Where is this auto shop located?
The property is located at 2644 Houston Avenue 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: Five (5) front‑facing service bay doors; 2809 square feet on 0.37 acres; Alignment machine and tire balancing machine included
