Convenience Store with Real
For Sale
$229,000
3219 Houston Avenue, Macon, GA 31206
COMMERCIAL, Macon, GA
Property Size1,620 SF
Lot Size0.20 Acres
Price / SF$141.36
Days on Market46
Property Features for 3219 Houston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c-1
Subdivision
Bibb County
Standard status
Active
Size
1,620 SF
Lot size
0.20 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
U-Haul dealership
Georgia Lottery COAM
ATM
Bitcoin Depot kiosk
Listing Agency:
KELLER WILLIAMS REALTY MIDDLE GEORGIA
(478) 333-5050
Listed By:
Jerrod Otting · License #65847
(727) 631-1938
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# 264255
Copyright © 2026 Central Georgia MLS. 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.
This established convenience store includes the underlying commercial real estate, giving the offering both an operating retail business and its physical premises. The building contains 1,620 square feet on a 0.2-acre parcel and is zoned C-1. Core merchandise categories include food, beverages, and tobacco products.
Additional on-site services include a U-Haul dealership, Georgia Lottery COAM machines, an ATM, and a Bitcoin Depot kiosk. The property is located at 3219 Houston Avenue in Macon, Georgia, within Bibb County. Building systems include central and electric heating along with central air and electric cooling.
Additional on-site services include a U-Haul dealership, Georgia Lottery COAM machines, an ATM, and a Bitcoin Depot kiosk. The property is located at 3219 Houston Avenue in Macon, Georgia, within Bibb County. Building systems include central and electric heating along with central air and electric cooling.
Key Highlights
- 1,620‑square‑foot convenience store on a 0.2‑acre parcel
- Building and land included with the operating business
- C‑1 zoning in Macon, Georgia
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
$17,893
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
7.81%
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%
$357,860
$357.9K
Cap Rate 7%
$255,614
$255.6K
Cap Rate 9%
$198,811
$198.8K
Market Conditions
NOI Build-Up for 1,620 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
$25.3K $15.60/SF
− Vacancy
−$1.4K −$0.87/SF
EGI
$23.9K $14.73/SF
− OpEx
−$6.0K −$3.68/SF
NOI
$17.9K $11.04/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$357,860
Cap Rate 7%
$255,614
Cap Rate 9%
$198,811
Alternative Uses
Best Use
Specialty Retail
$255.6K
$223.7K – $298.2K
NOI $17,893 @ 7.0% cap · market cap 7.81%
Second Best
Retail
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 6.73%
Theoretical Best
Healthcare Medical
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
- Family Supermarket — 2965 Houston Ave, Macon, GA 31206
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail operation with on-site service offerings and ownership of the building and land.
Where is this grocery and convenience store located?
The property is located at 3219 Houston Avenue Macon, GA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,620‑square‑foot convenience store on a 0.2‑acre parcel; Building and land included with the operating business; C‑1 zoning in Macon, Georgia
