Mercer University Drive Investment
4849 Mercer University Dr, Macon, GA 31210
For Sale
Contact for pricing
Stabilized investment with leaseback in high-traffic Macon corridor.
Property Size3,136 SF
Lot Size0.33 Acres
Price / SF$151.47
Days on Market267
Property Features for 4849 Mercer University Dr
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Lease Type
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
KW Commercial First Atlanta
Listed By:
Angie Ponsell · License GA #238030
(404) 226-2002
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 20 at 9:48AM
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 KW Commercial First Atlanta
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Investment Insights
Based on property information with market context.
The property at 4849 Mercer University Drive offers a stabilized investment opportunity in a high-traffic commercial area of Macon. The property includes approximately 3,150 square feet of space on a 0.33-acre lot. It benefits from frontage on Mercer University Drive, with approximately 21,700 vehicles passing daily, and offers good visibility. The building is currently configured as fully built-out salon suites, providing immediate income with an established tenant base. The sale includes a leaseback agreement, where the current owner will execute a five-year lease at $5,700 per month, plus utilities. This arrangement provides stable income and reduces transition risk for the new owner. Landlord expenses are limited, and utilities are passed through, offering a straightforward income stream in a high-exposure location. The property is located in a commercial area in North Macon, with surrounding retail, service, and office uses. It also features convenient access to major thoroughfares and on-site parking.
Key Highlights
- Sale with leaseback: Current owner will lease the property for five years at $5,700 per month plus utilities, providing immediate and stable income.
- High‑traffic location: Situated on Mercer University Drive with approximately 21,700 vehicles per day and excellent visibility.
- Fully built‑out salon suites: Currently operating as salon suites with an established tenant base, ensuring built‑in occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,841
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,820
$596.8K
Cap Rate 7%
$426,300
$426.3K
Cap Rate 9%
$331,567
$331.6K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$45.2K $14.40/SF
− Vacancy
−$2.5K −$0.81/SF
EGI
$42.6K $13.59/SF
− OpEx
−$12.8K −$4.08/SF
NOI
$29.8K $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%
$596,820
Cap Rate 7%
$426,300
Cap Rate 9%
$331,567
Alternative Uses
Best Use
Retail
$426.3K
$373.0K – $497.4K
NOI $29,841 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$600.0K
$525.0K – $700.0K
NOI $41,997 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 10%
Home Improvements & Furnishings 7%
QuikTrip
Shops & Services
33,393 visits/mo
0.5 miles
Waffle House
Dining
5,607 visits/mo
0.5 miles
Raceway
Shops & Services
4,883 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,106 visits/mo
0.4 miles
BP
Shops & Services
3,727 visits/mo
0.4 miles
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
$259,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Macon, GA
Properties on Market for Retail space in Macon
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Stabilized investment with leaseback in high-traffic Macon corridor.
Where is this retail space located?
The property is located at 4849 Mercer University Dr Macon, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Sale with leaseback: Current owner will lease the property for five years at $5,700 per month plus utilities, providing immediate and stable income.; High‑traffic location: Situated on Mercer University Drive with approximately 21,700 vehicles per day and excellent visibility.; Fully built‑out salon suites: Currently operating as salon suites with an established tenant base, ensuring built‑in occupancy.
