Mixed-Use Retail and
565 Poplar St Macon, GA 31201
For Sale
$980,000
Three-unit property includes street-facing retail space and two renovated second-story apartments connected by an interior elevator.
Property Size8,322 SF
Price / SF$117.76
Days on Market150
Property Features for 565 Poplar St
General Information
- Standard status
- Active
- Size
- 8,322 SF
Listing Agency:
Sheridan, Solomon & Associates
(478) 731-1302
Listed By:
Joanna Jones · License #218598
(478) 731-1302
Source:
Exprealty
Added: Feb 24
Changed: Jul 22
Last Checked: Jul 23 at 4:25PM
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 Sheridan, Solomon & Associates
Investment Insights
Based on property information with market context.
The property consists of three units, with the downstairs configured as a commercial retail space featuring high ceilings, hardwood floors, and large street-facing windows. An interior elevator connects to two second-story left apartments, and both residential units have been renovated with hardwood floors and high ceilings.
Unit A is a 2-bedroom, 2-bath layout, and Unit B is a 3-bedroom, 3.5-bath home. Both units include tile baths and stainless steel appliance packages, including a refrigerator/freezer, range, microwave, dishwasher, and washer/dryer. Additional finishes include custom cabinets and granite countertops.
Overall, the building offers a mixed-use configuration with street exposure for the retail component and two separate, renovated apartment homes above, served by interior elevator access.
Unit A is a 2-bedroom, 2-bath layout, and Unit B is a 3-bedroom, 3.5-bath home. Both units include tile baths and stainless steel appliance packages, including a refrigerator/freezer, range, microwave, dishwasher, and washer/dryer. Additional finishes include custom cabinets and granite countertops.
Overall, the building offers a mixed-use configuration with street exposure for the retail component and two separate, renovated apartment homes above, served by interior elevator access.
Key Highlights
- Three‑unit property with street‑facing commercial retail space plus two second‑story apartments connected by an interior elevator
- Downstairs retail space has high ceilings, hardwood floors, large street‑facing windows, and approx. 4,250 SF
- Unit A is a renovated 2BR/2BA apartment with approx. 1,918 SF, hardwood floors, high ceilings, and tile baths
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.8k | $14.40 |
| − Vacancy | −$6.7k | −$0.81 |
| EGI | $113.1k | $13.59 |
| − OpEx | −$33.9k | −$4.08 |
| NOI | $79.2k | $9.52 |
8,322 SF · lease $14.40/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$989.9K – $1.32M
NOI $79,188 @ 7.0% cap · market cap 8.08%
Second Best
Multifamily LT 5
$1.07M
$940.0K – $1.25M
NOI $75,197 @ 7.0% cap · market cap 7.67%
Theoretical Best
Healthcare Medical
$1.59M
$1.39M – $1.86M
NOI $111,448 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ocmulgee Outfitters
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Three-unit property includes street-facing retail space and two renovated second-story apartments connected by an interior elevator.
Where is this duplex located?
The property is located at 565 Poplar St Macon, GA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Three‑unit property with street‑facing commercial retail space plus two second‑story apartments connected by an interior elevator; Downstairs retail space has high ceilings, hardwood floors, large street‑facing windows, and approx. 4,250 SF; Unit A is a renovated 2BR/2BA apartment with approx. 1,918 SF, hardwood floors, high ceilings, and tile baths
