Macon Commercial Property For
For Sale
Contact for pricing
3737 Napier Ave, Macon, GA 31204
Versatile commercial property with high visibility and flexible business uses.
Property Size3,573 SF
Lot Size1.39 Acres
Price / SF$97.68
Days on Market190
Property Features for 3737 Napier Ave
General Information
Standard status
Active
Size
3,573 SF
Lot size
1.39 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
C2
Building Details
Year Built
1967
Listing Agency:
Coldwell Banker Commercial Eberhardt & Barry
(478) 746-8171
Listed By:
Clay Moore · License #450569
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 10 at 2:38PM
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 Coldwell Banker Commercial Eberhardt & Barry
Investment Insights
Based on property information with market context.
This versatile commercial property is move-in-ready and offers exceptional visibility and flexibility for a variety of business uses, including automotive sales or service, a retail showroom, a repair shop, or professional offices. The property is located along a high-traffic corridor and combines strong curb appeal, security storage, and modern infrastructure. The building has a total size of 3,573 square feet. The main level has 2,000 square feet and features an open retail or showroom area with service counter potential, two restrooms, acoustical drop ceilings, VCT tile flooring, painted drywall, and LED lighting-ready fixtures. Large windows provide abundant natural light. The lower level contains two 10-foot by 15-foot storage rooms accessed via an internal stairwell. There are two roll-up or drive-in service bays for easy vehicle access. Recent upgrades include a newly sealed roof, new AC and heat units, and LED-capable lighting. The ceiling height is 9 feet. The property has 3-phase, 400 amp power and an alarm system. Outbuildings include a 16-foot by 16-foot concrete block building, ideal for secure storage or workshop use, and a 30-foot by 30-foot metal pole barn, excellent for equipment or vehicle storage. The lot size is 1.39 acres, the majority of which is secured behind a 6-foot Rio Grande fence. There are 10 paved asphalt parking spaces and 20 gravel spaces. The zoning is C-2 General Commercial. The property is located along one of West Macon's most active commercial corridors, serving as a key connector between downtown Macon, Eisenhower Parkway, and I-475. It benefits from consistent 12,400 average daily vehicle counts. The immediate area features a balanced mix of retail, automotive, service, and residential uses. The 2025 property taxes are $1,409.51.
Key Highlights
- High‑visibility location on Napier Avenue with 12,400 average daily vehicle count.
- Versatile 3,573 SF commercial building suitable for automotive, retail, repair, or office use.
- Secure 1.39‑acre lot with 6' Rio Grande fence, providing ample parking and secure storage/workspace with two outbuildings.
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
$22,570
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
6.47%
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%
$451,400
$451.4K
Cap Rate 7%
$322,429
$322.4K
Cap Rate 9%
$250,778
$250.8K
Market Conditions
NOI Build-Up for 3,573 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
$34.3K $9.60/SF
− Vacancy
−$2.1K −$0.58/SF
EGI
$32.2K $9.02/SF
− OpEx
−$9.7K −$2.71/SF
NOI
$22.6K $6.32/SF
Area
Macon, GA
Vacancy
6.00%
Lease Rate
$9.60 /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%
$451,400
Cap Rate 7%
$322,429
Cap Rate 9%
$250,778
Alternative Uses
Best Use
Retail
$485.7K
$425.0K – $566.7K
NOI $33,999 @ 7.0% cap · market cap 9.74%
Second Best
Industrial
$322.4K
$282.1K – $376.2K
NOI $22,570 @ 7.0% cap · market cap 6.47%
Theoretical Best
Healthcare Medical
$683.6K
$598.1K – $797.5K
NOI $47,850 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Circle K
Shops & Services
12,775 visits/mo
0.4 miles
Waffle House
Dining
8,103 visits/mo
0.4 miles
Firehouse Subs
Dining
5,545 visits/mo
0.4 miles
Cadence Bank
Shops & Services
2,365 visits/mo
0.4 miles
Bank OZK
Shops & Services
1,517 visits/mo
0.4 miles
Demographics for 31204, GA
30,512
Population
15,578
Households
2
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
14.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$38,478
Median Household Income
$32,586
Median Earnings
$917
Median Rent
$123,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Versatile commercial property with high visibility and flexible business uses.
Where is this automotive property located?
The property is located at 3737 Napier Ave Macon, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: High‑visibility location on Napier Avenue with 12,400 average daily vehicle count.; Versatile 3,573 SF commercial building suitable for automotive, retail, repair, or office use.; Secure 1.39‑acre lot with 6' Rio Grande fence, providing ample parking and secure storage/workspace with two outbuildings.
