Flexible Office
For Sale
Contact for pricing
6400 PEAKE RD, Macon, GA 31210
PDE-zoned office property with private offices, conference rooms, reception areas, and on-site parking.
Property Size11,410 SF
Price / SF$209.90
Days on Market133
Property Features for 6400 PEAKE RD
General Information
Standard status
Active
Size
11,410 SF
Class
A
Property subtype
Office
Zoning
PDE
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2002
Buildings
1
Stories
1
Units
32
Listing Agency:
W. Scott Wilson Properties LLC
(478) 951-9460
Listed By:
Scott Wilson · License #GA 140830
Source:
Crexi
Added: Apr 21
Changed: Aug 31
Last Checked: Aug 31 at 12:16AM
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 W. Scott Wilson Properties LLC
Investment Insights
Based on property information with market context.
The 11,410-square-foot office building, constructed in 2002, provides a professional configuration with private offices, conference rooms, and reception areas. A recently installed roof and several upgraded HVAC units support the property’s physical condition, while the floor plan can accommodate a range of office configurations and multi-tenant arrangements. The property is zoned PDE.
Located on Peake Road just off Zebulon Road in Macon, the building offers access to I-475 and surrounding business districts. On-site surface parking serves employees and visitors. Nearby dining, retail, and service providers add convenience for daily operations and client visits.
Located on Peake Road just off Zebulon Road in Macon, the building offers access to I-475 and surrounding business districts. On-site surface parking serves employees and visitors. Nearby dining, retail, and service providers add convenience for daily operations and client visits.
Key Highlights
- 11,410‑square‑foot office building constructed in 2002
- Flexible layout with private offices, conference rooms, and reception areas
- Recently installed new roof
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
$111,727
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
4.67%
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%
$2,234,540
$2.2M
Cap Rate 7%
$1,596,100
$1.6M
Cap Rate 9%
$1,241,411
$1.2M
Market Conditions
NOI Build-Up for 11,410 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
$219.1K $19.20/SF
− Vacancy
−$70.1K −$6.14/SF
EGI
$149.0K $13.06/SF
− OpEx
−$37.2K −$3.26/SF
NOI
$111.7K $9.79/SF
Area
Macon, GA
Vacancy
32.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,234,540
Cap Rate 7%
$1,596,100
Cap Rate 9%
$1,241,411
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,727 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.18M
$1.91M – $2.55M
NOI $152,803 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - PDE-zoned office property with private offices, conference rooms, reception areas, and on-site parking.
Where is this office building located?
The property is located at 6400 PEAKE RD Macon, GA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 11,410‑square‑foot office building constructed in 2002; Flexible layout with private offices, conference rooms, and reception areas; Recently installed new roof
