Warehouse with Metal
For Sale
$2,000,000
326 Corporate Parkway, Macon, GA 31210
Commercial Sale, Macon, GA
Property Size20,000 SF
Lot Size1.69 Acres
Price / SF$100
Days on Market140
Property Features for 326 Corporate Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M-1
Zoning description
Industrial
Lot features
Industrial Park
Standard status
Active
APN
L0020127
Lot size
1.69 Acres
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air, Heat Pump
Building Details
Year built
2004
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Fickling & Company, Inc.
(478) 757-9600
Listed By:
Billy Hester · License #61067
(478) 957-5844
Added: May 11
Changed: Sep 13
Last Checked: Sep 27 at 2:06AM
MLS# 184332
Copyright © 2026 Mid 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 warehouse property offers 20,000 square feet of industrial space on 1.69 acres. The building was constructed in 2004 and features a metal roof, concrete flooring, central heating, heat-pump heating, central air, and heat-pump cooling. M-1 zoning supports its industrial property classification.
The property is located across the street from the River Crossing shopping center, with access to I-75 and proximity to downtown Macon. Its established building systems and industrial zoning provide a straightforward warehouse configuration for commercial use.
The property is located across the street from the River Crossing shopping center, with access to I-75 and proximity to downtown Macon. Its established building systems and industrial zoning provide a straightforward warehouse configuration for commercial use.
Key Highlights
- 20,000 square foot warehouse on 1.69 acres
- M‑1 zoning
- Built in 2004
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
$147,945
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
7.40%
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%
$2,958,900
$3.0M
Cap Rate 7%
$2,113,500
$2.1M
Cap Rate 9%
$1,643,833
$1.6M
Market Conditions
NOI Build-Up for 20,000 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
$189.6K $9.48/SF
− Vacancy
−$15.5K −$0.78/SF
EGI
$174.1K $8.70/SF
− OpEx
−$26.1K −$1.31/SF
NOI
$147.9K $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%
$2,958,900
Cap Rate 7%
$2,113,500
Cap Rate 9%
$1,643,833
Alternative Uses
Best Use
Warehouse
$2.11M
$1.85M – $2.47M
NOI $147,945 @ 7.0% cap · market cap 7.40%
Second Best
Industrial
$1.80M
$1.58M – $2.11M
NOI $126,336 @ 7.0% cap · market cap 6.32%
Theoretical Best
Healthcare Medical
$3.83M
$3.35M – $4.46M
NOI $267,840 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Well-served
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - M-1-zoned warehouse with concrete flooring and central heating and cooling.
Where is this warehouse located?
The property is located at 326 Corporate Parkway Macon, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 20,000 square foot warehouse on 1.69 acres; M‑1 zoning; Built in 2004
