Retail Space For
For Sale
Contact for pricing
4305 Mercer University Drive, Macon, GA 31206
Retail space with 14.00% CAP rate, 14,504 SqFt.
Property Size14,504 SF
Price / SF$162.02
Days on Market208
Property Features for 4305 Mercer University Drive
General Information
Standard status
Active
Size
14,504 SF
Total Parking Spaces
61
Property subtype
Retail
Zoning
C-1 (Neighborhood Commercial District)
Lease Type
Absolute Net
Net Operating Income
$376,740
Building Details
Year Built
2013
Stories
1
Units
1
Listing Agency:
Pharma Property Group
Listed By:
Jason Pongsrikul · License #CA 01918332
(619) 297-0055
Source:
Crexi
Added: Mar 27
Changed: Oct 16
Last Checked: Oct 19 at 4:43AM
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 Pharma Property Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space, encompassing 14,504 square feet, is available for sale. The property is located at 4305 Mercer University Dr, Macon, GA 31206 and features a 14.00% CAP rate.
Key Highlights
- 14.00% CAP Rate
- 14,504 SqFt Retail Space**
- Built in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,013
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,760,260
$2.8M
Cap Rate 7%
$1,971,614
$2.0M
Cap Rate 9%
$1,533,478
$1.5M
Market Conditions
NOI Build-Up for 14,504 SF
Gross rent
$208.9K $14.40/SF
− Vacancy
−$11.7K −$0.81/SF
EGI
$197.2K $13.59/SF
− OpEx
−$59.1K −$4.08/SF
NOI
$138.0K $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 Rate 5%
$2,760,260
Cap Rate 7%
$1,971,614
Cap Rate 9%
$1,533,478
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,013 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.77M
$2.43M – $3.24M
NOI $194,238 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Home Improvements & Furnishings 27%
Groceries 15%
Dining 9%
The Home Depot
Home Improvements & Furnishings
31,401 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
17,946 visits/mo
0.4 miles
Aldi
Groceries
17,491 visits/mo
0.4 miles
BP
Shops & Services
6,472 visits/mo
0.1 miles
McAlister's Deli
Dining
6,084 visits/mo
0.5 miles
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
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
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with 14.00% CAP rate, 14,504 SqFt.
Where is this retail space located?
The property is located at 4305 Mercer University Drive Macon, GA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 14.00% CAP Rate; 14,504 SqFt Retail Space**; Built in 2013
