Mixed-Use Three-Unit
565 Poplar Street Macon, GA 31201
565 Poplar Street, Macon, GA, 31201
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For Sale
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Three-unit property featuring a downstairs retail space and two renovated second-story apartments connected by an interior elevator.
Property Size8,322 SF
Price / SF$117.76
Days on Market147
Property Features for 565 Poplar Street
General Information
- Standard status
- Active
- Size
- 8,322 SF
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1900
Listing agency
Sheridan, Solomon & Associates
(478) 731-1302
Listed by
Joanna Jones · License #218598
Source
Crexi
Added: Feb 24 Updated: Jul 21 at 4:01AM Checked: Jul 21 at 4:01AM
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.
This three-unit property includes a downstairs commercial retail space and two second-story residential apartments. The retail area features high ceilings, hardwood floors, and large windows to the street. An interior elevator provides connection to the two second-story apartments, which have been renovated with hardwood floors and high ceilings.
Unit A is a 2-bedroom, 2-bath apartment. Unit B is a 3-bedroom, 3.5-bath apartment. Both apartments include tile in the baths and stainless-steel appliance packages, including a refrigerator/freezer, range, microwave, dishwasher, and washer/dryer. Additional in-unit finishes include custom cabinetry and granite countertops.
Overall, the building is configured as a mixed-use setup with retail frontage at street level and dedicated, renovated living units above, supported by internal vertical access via the elevator.
Unit A is a 2-bedroom, 2-bath apartment. Unit B is a 3-bedroom, 3.5-bath apartment. Both apartments include tile in the baths and stainless-steel appliance packages, including a refrigerator/freezer, range, microwave, dishwasher, and washer/dryer. Additional in-unit finishes include custom cabinetry and granite countertops.
Overall, the building is configured as a mixed-use setup with retail frontage at street level and dedicated, renovated living units above, supported by internal vertical access via the elevator.
Key Highlights
- Three‑unit building with a downstairs commercial retail space and two second‑story apartments.
- Downstairs retail features high ceilings, hardwood floors, large street‑facing windows, and ~4,250 SF.
- Interior elevator connects the retail level to two second‑story left apartments.
Local 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
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Three-unit property featuring a downstairs retail space and two renovated second-story apartments connected by an interior elevator.
Where is this retail space located?
The property is located at 565 Poplar Street 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 building with a downstairs commercial retail space and two second‑story apartments.; Downstairs retail features high ceilings, hardwood floors, large street‑facing windows, and ~4,250 SF.; Interior elevator connects the retail level to two second‑story left apartments.
