7108 GA 247 Highway Macon, GA 31216
COMMERCIAL - Macon, GA
- Added:
- Mar 20, 2024
- Days on Market:
- 844
- Last Refresh:
- Jul 10 at 11:06 pm
Property Features for 7108 GA 247 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C
- Standard status
- Active
- Size
- 2,842 SF
- Lot size
- 0.92 Acres
Listing agent Bill Waldorf License #182018 (478) 954-5665
Listing office RPI REAL ESTATE SERVICES P O Box 7386, Warner Robins, GA (478) 954-5665
Listing date Mar 20, 2024
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Investment Insights
Based on property information with market context.
The site is located at 7108 GA 247 Highway in Macon, GA 31216, in Bibb County. The offering highlights a very high traffic count and notes proximity to the airport and Smiley’s Flea Market.
The property includes a 0.9183-acre lot and approximately 2,842 square feet of building area, providing scale for a compact retail operation or reuse within a convenient, drive-by-oriented setting along GA 247 Highway.
Key Highlights
- Former autoparts store operating for many years
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 | $40.9k | $14.40 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $38.6k | $13.59 |
| − OpEx | −$11.6k | −$4.08 |
| NOI | $27.0k | $9.52 |
