Multi-Tenant Shopping
For Sale
Contact for pricing
3200 Northside Drive, Macon, GA 31210
Established retail center with multiple retail tenants and an on-site ATM operator.
Property Size17,545 SF
Price / SF$142.49
Days on Market56
Property Features for 3200 Northside Drive
General Information
Standard status
Active
Size
17,545 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Gross
Investment Type
Net Lease
Net Operating Income
$191,324
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License #GA 311619
Source:
Crexi
Added: Jul 7
Changed: Aug 31
Last Checked: Aug 31 at 2:14AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
Northside Plaza is a 17,545-square-foot shopping center built in 1980. The property includes eight retail tenants along with an ATM operator, creating a multi-occupant retail configuration with a range of service-oriented and convenience-based uses.
The center is located at 3200 Northside Drive in Macon, Georgia. Its tenant composition combines retail occupancy with an on-site ATM operation, providing a straightforward format for evaluating a neighborhood shopping center with multiple commercial occupants.
The center is located at 3200 Northside Drive in Macon, Georgia. Its tenant composition combines retail occupancy with an on-site ATM operation, providing a straightforward format for evaluating a neighborhood shopping center with multiple commercial occupants.
Key Highlights
- 17,545 SF shopping center
- Eight retail tenants and an ATM operator
- Built in 1980
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
$166,950
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
6.68%
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%
$3,339,000
$3.3M
Cap Rate 7%
$2,385,000
$2.4M
Cap Rate 9%
$1,855,000
$1.9M
Market Conditions
NOI Build-Up for 17,545 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
$252.6K $14.40/SF
− Vacancy
−$14.1K −$0.81/SF
EGI
$238.5K $13.59/SF
− OpEx
−$71.5K −$4.08/SF
NOI
$166.9K $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%
$3,339,000
Cap Rate 7%
$2,385,000
Cap Rate 9%
$1,855,000
Alternative Uses
Best Use
Retail
$2.39M
$2.09M – $2.78M
NOI $166,950 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.36M
$2.94M – $3.92M
NOI $234,963 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 37%
Home Improvements & Furnishings 1%
LongHorn Steakhouse
Dining
18,583 visits/mo
0.1 miles
Dollar General
Shops & Services
8,622 visits/mo
0.0 miles
Arby's
Dining
7,976 visits/mo
0.2 miles
Truist
Shops & Services
6,707 visits/mo
0.4 miles
Truist
Shops & Services
533 visits/mo
0.1 miles
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
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
- Quick-Tag — Pet Supermarket, 265 Tom Hill Sr Blvd, Macon, GA 31210
- Rivergate Shopping Center — 121 Tom Hill Sr Blvd, Macon, GA 31210
- Georgia MV Express Tag Kiosk — 220 Tom Hill Sr Blvd, Macon, GA 31210
- Northpark Center — North Park, 156 Tom Hill Sr Blvd, Macon, GA 31210
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with multiple retail tenants and an on-site ATM operator.
Where is this shopping center located?
The property is located at 3200 Northside Drive Macon, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 17,545 SF shopping center; Eight retail tenants and an ATM operator; Built in 1980
