Flex Space Assemblage with
New
For Sale
$245,000
315 Edgewood Lane, Macon, GA 31201
Five-lot commercial/residential assemblage combining warehouse improvements with additional land components.
Property Size1,995 SF
Lot Size0.75 Acres
Price / SF$98.83
Days on Market4
Property Features for 315 Edgewood Lane
General Information
Standard status
Active
Size
1,995 SF
Lot size
0.75 Acres
Property subtype
Other
Zoning
Commercial/Residential
Additional Details
Warehouse Space
2,479 SF
Amenities
0.75 acres, Corner Lot
Chain Link
Public Sewer
Annual Amount: $1,036, Year: 2025
Concrete
Electric
Cumulative Days on Market: 1, First day on market, On Market Date: 2026-09-08
Parking Total: 10, Parking Lot
Built in 1995, Stucco, Mixed Use, Warehouse, Industrial
County: Bibb
Resale
440 Volts, Natural Gas Available, Cable Available, Electricity Available, Phone Available, Sewer Available, Public
Close Of Escrow
Building Details
Building Size
1,995 SF
Year Built
1995
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Nicholas Stahl
(678) 346-0714
Source:
Blackstreaminternational
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 3:01PM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This flex space offering consists of a five-lot assemblage totaling approximately 0.75 acres, with approximately 2,479 square feet of warehouse improvements. The improved parcels include a 1,110-square-foot warehouse at 315 Edgewood Lane and a 1,369-square-foot warehouse at 325 Edgewood Lane. The property was built in 1995 and is zoned Commercial/Residential.
The sale also includes parcels at 310 Edgewood Avenue, 1545 Fifth Street, and 322 Edgewood Avenue. In total, the assemblage combines two warehouse structures with three additional lots across the listed addresses in Macon, Georgia.
The sale also includes parcels at 310 Edgewood Avenue, 1545 Fifth Street, and 322 Edgewood Avenue. In total, the assemblage combines two warehouse structures with three additional lots across the listed addresses in Macon, Georgia.
Key Highlights
- Five‑lot assemblage totaling approximately 0.75 acres
- Approximately 2,479 square feet of warehouse/flex improvements
- 1,110‑square‑foot warehouse at 315 Edgewood Lane
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
$18,338
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
7.48%
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%
$366,760
$366.8K
Cap Rate 7%
$261,971
$262.0K
Cap Rate 9%
$203,756
$203.8K
Market Conditions
NOI Build-Up for 2,479 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
$23.5K $9.48/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$21.6K $8.70/SF
− OpEx
−$3.2K −$1.31/SF
NOI
$18.3K $7.40/SF
Area
Macon, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$366,760
Cap Rate 7%
$261,971
Cap Rate 9%
$203,756
Alternative Uses
Best Use
Warehouse
$262.0K
$229.2K – $305.6K
NOI $18,338 @ 7.0% cap · market cap 7.48%
Second Best
Industrial
$223.7K
$195.7K – $261.0K
NOI $15,659 @ 7.0% cap · market cap 6.39%
Theoretical Best
Healthcare Medical
$474.3K
$415.0K – $553.3K
NOI $33,199 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31201, GA
8,882
Population
4,916
Households
1.8
Avg Household Size
35
Median Age
29%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
945
Density / Sq Mi
$22,936
Median Household Income
$27,311
Median Earnings
$912
Median Rent
$151,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Five-lot commercial/residential assemblage combining warehouse improvements with additional land components.
Where is this flex space located?
The property is located at 315 Edgewood Lane Macon, GA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Five‑lot assemblage totaling approximately 0.75 acres; Approximately 2,479 square feet of warehouse/flex improvements; 1,110‑square‑foot warehouse at 315 Edgewood Lane
