Restaurant
For Sale
$1,600,000
3951 , Macon, GA 31210
Former restaurant property with an established operating history and a 2019 construction date.
Property Size2,019 SF
Price / SF$195.67
Days on Market56
Property Features for 3951
General Information
Standard status
Active
Size
2,019 SF
Property subtype
Commercial
Amenities
1.67 acres, Business Park
Public Sewer
Parcel Number: N0410053, Annual Amount: $22,693, Year: 2025
Vinyl
Central Air
Central
Listing ID: 10823381, Standard Status: Active, MLS Status: Active, On market as of 2026-08-10, 15 days on market, Special Conditions: Real Estate Owned
100 total parking spaces, Parking Lot
Built in 2019
County/Parish: Bibb
Resale, Other structures: Billboard
Water Source: Public
Fire Sprinkler System
Accessible Approach with Ramp
Building Details
Building Size
2,019 SF
Year Built
2019
Listing Agency:
Keller Williams Realty Consultants
(678) 287-4800
Listed By:
Jordan Jedneski · License #447384
(864) 920-0303
Source:
Blackstreaminternational
Added: Aug 10
Changed: Oct 3
Last Checked: Oct 2 at 11:13PM
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 Keller Williams Realty Consultants
Investment Insights
Based on property information with market context.
This restaurant property contains 8,177 square feet and was constructed in 2019. The building previously operated as a Glory Days restaurant for four years.
Located at 3951 Arkwright Road in Macon, GA 31210, the property is offered for sale as a conventional restaurant asset.
Located at 3951 Arkwright Road in Macon, GA 31210, the property is offered for sale as a conventional restaurant asset.
Key Highlights
- 8,177‑square‑foot restaurant property
- Built in 2019
- Previously operated as a Glory Days restaurant
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
$90,313
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
5.64%
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%
$1,806,260
$1.8M
Cap Rate 7%
$1,290,186
$1.3M
Cap Rate 9%
$1,003,478
$1.0M
Market Conditions
NOI Build-Up for 8,177 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
$127.6K $15.60/SF
− Vacancy
−$7.1K −$0.87/SF
EGI
$120.4K $14.73/SF
− OpEx
−$30.1K −$3.68/SF
NOI
$90.3K $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%
$1,806,260
Cap Rate 7%
$1,290,186
Cap Rate 9%
$1,003,478
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,313 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.56M
$1.37M – $1.83M
NOI $109,506 @ 7.0% cap · market cap 6.84%
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
8
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant property with an established operating history and a 2019 construction date.
Where is this conventional restaurant located?
The property is located at 3951 Macon, GA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8,177‑square‑foot restaurant property; Built in 2019; Previously operated as a Glory Days restaurant
