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    110 Holiday Dr Macon, GA 31210

    Sponsored
    For Sale
    $1,395,000

    High-yield Macon office building, 16,000 SF

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a two-building, 16,000 square foot executive office complex situated on a one-acre lot in Macon, Georgia's desirable Tom Hill retail corridor at 110 Holiday Drive N, zip code 31210. The property boasts a C-2 zoning designation and features two stories. Currently, the building enjoys 83% occupancy, with a significant portion leased to long-term tenants: the Georgia Public Library (24 years) and the State Board of Workers' Compensation (4 years). These stable tenants contribute to a strong net operating income (NOI) of $114,264, yielding an 8.19% cap rate. However, the property's true potential shines through its pro-forma NOI of $164,025, resulting in an attractive pro-forma cap rate of 11.76%. Two move-in ready vacant suites, totaling approximately 5,540 square feet, offer immediate upside potential for increased revenue. The asking price is $1,395,000, translating to a price per square foot of $73.64. This multi-tenant property represents a compelling investment opportunity with significant potential for growth and strong cash flow. The property's location within the thriving Tom Hill retail area ensures high visibility and accessibility.

    Property Features for 110 Holiday Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,000 SF
    Lot Size
    43,560 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • $1,395,000 asking price for a stabilized multi‑tenant office investment property.
    • 16,000 square feet across two, two‑story buildings on a one‑acre lot in Macon, GA.
    • 8.19% current cap rate, 11.76% pro‑forma cap rate.
    • $114,264 current NOI, $164,025 pro‑forma NOI.
    • 83% occupancy with potential for increased income from two vacant, move‑in ready suites.
    • Located in the Tom Hill retail corridor of Macon, GA, zoned C‑2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Reliance Resource Center Non-Profit Organization Riverside Branch Library Public Library Middle Georgia Consulting ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6868213
    Latitude
    32.8983524

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield Macon office building, 16,000 SF
    Where is this office property / space located?
    The property is located at 110 Holiday Dr Macon, GA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: $1,395,000 asking price for a stabilized multi-tenant office investment property.; 16,000 square feet across two, two-story buildings on a one-acre lot in Macon, GA.; 8.19% current cap rate, 11.76% pro-forma cap rate.
    (478) 951-9460
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    110 Holiday Dr Macon, GA 31210
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    Macon, GA 31210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Holiday Dr Macon, GA 31210
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