Class A Medical Office
New
For Sale
Contact for pricing
265 Sheraton Boulevard, Macon, GA 31210
Flexible configuration supports either a single occupant or multiple medical and professional office users.
Property Size17,737 SF
Lot Size3.03 Acres
Price / SF$169.08
Days on Market6
Property Features for 265 Sheraton Boulevard
General Information
Standard status
Active
Size
17,737 SF
Class
Class A
Total Parking Spaces
102
Lot size
3.03 Acres
Property subtype
Office
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$2,999,000
Amenities
building signage opportunities
Building Details
Year Built
2006
Listing Agency:
The Summit Group
Listed By:
King Kemper · License #GA 172834
(478) 750-7507
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 13 at 8:06AM
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 The Summit Group
Investment Insights
Based on property information with market context.
Constructed in 2006, this Class A medical office property includes approximately 17,737 SF on approximately 3.03 acres. The interior can serve one user or be configured for multiple occupants, offering practical flexibility for medical practices and professional office operations. C-2 Commercial zoning supports the property’s office-oriented use profile.
The site includes 102 parking spaces, with three ADA-designated spaces, and offers prominent building signage opportunities. Located at 265 Sheraton Boulevard in Macon, the property provides access to Sheraton Boulevard, Northside Drive, and Interstate 75, connecting the site with Macon and the surrounding market.
The site includes 102 parking spaces, with three ADA-designated spaces, and offers prominent building signage opportunities. Located at 265 Sheraton Boulevard in Macon, the property provides access to Sheraton Boulevard, Northside Drive, and Interstate 75, connecting the site with Macon and the surrounding market.
Key Highlights
- Approximately 17,737 SF medical office building on approximately 3.03 acres
- Class A property constructed in 2006
- Flexible layout for a single user or multiple occupants
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
$237,534
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
7.92%
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%
$4,750,680
$4.8M
Cap Rate 7%
$3,393,343
$3.4M
Cap Rate 9%
$2,639,267
$2.6M
Market Conditions
NOI Build-Up for 17,737 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
$425.7K $24.00/SF
− Vacancy
−$29.8K −$1.68/SF
EGI
$395.9K $22.32/SF
− OpEx
−$158.4K −$8.93/SF
NOI
$237.5K $13.39/SF
Area
Macon, GA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$4,750,680
Cap Rate 7%
$3,393,343
Cap Rate 9%
$2,639,267
Alternative Uses
Best Use
Healthcare Medical
$3.39M
$2.97M – $3.96M
NOI $237,534 @ 7.0% cap · market cap 7.92%
Second Best
Office B
$2.48M
$2.17M – $2.89M
NOI $173,681 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible configuration supports either a single occupant or multiple medical and professional office users.
Where is this medical office space located?
The property is located at 265 Sheraton Boulevard Macon, GA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Approximately 17,737 SF medical office building on approximately 3.03 acres; Class A property constructed in 2006; Flexible layout for a single user or multiple occupants
