Retail Building on Houston
For Sale
Contact for pricing
6109 Houston Rd, Macon, GA 31216
16,750 SF retail building on 2.38 acres for sale.
Property Size16,750 SF
Lot Size2.38 Acres
Price / SF$107.46
Days on Market2400
Property Features for 6109 Houston Rd
General Information
Standard status
Active
Size
16,750 SF
Lot size
2.38 Acres
Property subtype
Retail
Zoning
PDC
Building Details
Year Built
2008
Tenancy
Multi
Listing Agency:
Fickling & Company
Listed By:
Wendy H. Pierce · License #GA 161835
Source:
Crexi
Added: Feb 24, 2020
Changed: Sep 18
Last Checked: Sep 19 at 9:05AM
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 Fickling & Company
Investment Insights
Based on property information with market context.
A 16,750 SF standalone retail building is available for sale. The building, situated on 2.38 acres, includes a side drive-through/drop-off lane and ample paved parking. The property is currently occupied by Goodwill Industries, with the lease terminating upon sale, making it available for an end user. The property is located on Houston Road, near Ace Hardware, Fincher's BBQ, Texas Border Grill, Kumho Tires, CVS, Citgo, Exxon, Family Dollar, Food Depot, Subway, Pizza Hut, Amazon Fulfillment Center, and Kohl’s Distribution Center.
Key Highlights
- 16,750 SF standalone retail building on 2.38 Acres.
- Available for end user (lease terminates with sale).
- Ample paved parking on site.
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
$159,385
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
8.85%
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%
$3,187,700
$3.2M
Cap Rate 7%
$2,276,929
$2.3M
Cap Rate 9%
$1,770,944
$1.8M
Market Conditions
NOI Build-Up for 16,750 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
$241.2K $14.40/SF
− Vacancy
−$13.5K −$0.81/SF
EGI
$227.7K $13.59/SF
− OpEx
−$68.3K −$4.08/SF
NOI
$159.4K $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 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%
$3,187,700
Cap Rate 7%
$2,276,929
Cap Rate 9%
$1,770,944
Alternative Uses
Best Use
Retail
$2.28M
$1.99M – $2.66M
NOI $159,385 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.20M
$2.80M – $3.74M
NOI $224,316 @ 7.0% cap · market cap 12.46%
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
46
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 55%
Apparel 45%
Rutland Ace Hardware
Home Improvements & Furnishings
5,499 visits/mo
0.0 miles
Goodwill
Apparel
4,491 visits/mo
0.2 miles
Demographics for 31216, GA
16,379
Population
6,439
Households
2.5
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
57.4 sq mi
ZIP Area
285
Density / Sq Mi
$70,166
Median Household Income
$45,618
Median Earnings
$1,107
Median Rent
$192,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 16,750 SF retail building on 2.38 acres for sale.
Where is this retail space located?
The property is located at 6109 Houston Rd Macon, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 16,750 SF standalone retail building on 2.38 Acres.; Available for end user (lease terminates with sale).; Ample paved parking on site.
