Retail Store and
For Sale
$250,000
816 Hall St, Macon, GA 31217
For sale retail store and restaurant includes a 0.38-acre parcel and storefront displays for handmade goods and local products.
Property Size1,170 SF
Lot Size0.38 Acres
Price / SF$213.68
Days on Market128
Property Features for 816 Hall St
General Information
Standard status
Active
Size
1,170 SF
Lot size
0.38 Acres
Additional Details
Business Included
Yes
Listing Agency:
GOLDEN KEY REALTY
Listed By:
Nicholas Horne · License #443164
(478) 230-3882
Source:
Exprealty
Added: May 1
Changed: Sep 3
Last Checked: Sep 4 at 1:04PM
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 GOLDEN KEY REALTY
Investment Insights
Based on property information with market context.
This for-sale property combines a small retail store and a restaurant in a compact, character-focused setup. The storefront welcomes visitors with merchandising displays centered on handmade goods, locally sourced products, and unique finds.
The property is offered with a 0.38-acre parcel and is sized at 1,170 square feet.
Ideal for an owner-operator or buyer looking to continue operating a combined retail and restaurant use, the layout supports customer-facing activity from the front storefront through the foodservice portion of the space.
The property is offered with a 0.38-acre parcel and is sized at 1,170 square feet.
Ideal for an owner-operator or buyer looking to continue operating a combined retail and restaurant use, the layout supports customer-facing activity from the front storefront through the foodservice portion of the space.
Key Highlights
- For sale retail store and restaurant includes a 0.38‑acre parcel
- Storefront offers displays for handmade goods and locally sourced products
- Retail offering includes unique finds and locally sourced items
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
$12,922
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
5.17%
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%
$258,440
$258.4K
Cap Rate 7%
$184,600
$184.6K
Cap Rate 9%
$143,578
$143.6K
Market Conditions
NOI Build-Up for 1,170 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
$18.3K $15.60/SF
− Vacancy
−$1.0K −$0.87/SF
EGI
$17.2K $14.73/SF
− OpEx
−$4.3K −$3.68/SF
NOI
$12.9K $11.04/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$15.60 /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%
$258,440
Cap Rate 7%
$184,600
Cap Rate 9%
$143,578
Alternative Uses
Best Use
Specialty Retail
$184.6K
$161.5K – $215.4K
NOI $12,922 @ 7.0% cap · market cap 5.17%
Second Best
Retail
$159.0K
$139.2K – $185.6K
NOI $11,133 @ 7.0% cap · market cap 4.45%
Theoretical Best
Healthcare Medical
$223.8K
$195.9K – $261.2K
NOI $15,669 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 29%
Electronics 3%
Wendy's
Dining
20,675 visits/mo
0.5 miles
KFC
Dining
8,566 visits/mo
0.5 miles
Arby's
Dining
7,027 visits/mo
0.5 miles
Chevron
Shops & Services
3,878 visits/mo
0.5 miles
Chevron
Shops & Services
3,264 visits/mo
0.4 miles
Demographics for 31217, GA
17,808
Population
7,870
Households
2.3
Avg Household Size
40
Median Age
9%
College-Educated
84%
High-School Grad
107.8 sq mi
ZIP Area
165
Density / Sq Mi
$43,821
Median Household Income
$33,244
Median Earnings
$858
Median Rent
$95,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail store and restaurant includes a 0.38-acre parcel and storefront displays for handmade goods and local products.
Where is this retail space located?
The property is located at 816 Hall St Macon, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: For sale retail store and restaurant includes a 0.38‑acre parcel; Storefront offers displays for handmade goods and locally sourced products; Retail offering includes unique finds and locally sourced items
