Retail Property with Existing
For Sale
Contact for pricing
3057 Columbus Rd, Macon, GA 31204
Retail property with restaurant infrastructure near Columbus Road.
Property Size2,000 SF
Price / SF$125
Days on Market776
Property Features for 3057 Columbus Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Zoning
C-2
Building Details
Year Built
1948
Listing Agency:
A J J M D Realty Corp
Listed By:
Manny Salem · License #Not Available
Source:
Crexi
Added: Jul 9, 2024
Changed: Aug 13
Last Checked: Aug 21 at 5:39PM
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 A J J M D Realty Corp
Investment Insights
Based on property information with market context.
This 2,000-square-foot retail property, formerly a seafood market, is located just east of the Columbus Road and Mercer University Drive intersection. The location benefits from traffic counts of 9,770 vehicles per day on Columbus Road and 19,400 vehicles per day on Mercer University Drive. The property includes a two-compartment sink, a hand sink, a 14-foot hood with an Ansel system, two refrigerators, and a display cooler. A small utility house is located behind the building. The property is suitable for restaurant or retail use.
Key Highlights
- High traffic location: 9,770 VPD on Columbus Rd & 19,400 VPD on Mercer University Dr.
- Equipped for restaurant use: Includes 2‑compartment sink, hand sink, 14’ hood with ansel system, 2 refrigerators & display cooler.
- Previously used as a seafood market.
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
$22,090
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
8.84%
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%
$441,800
$441.8K
Cap Rate 7%
$315,571
$315.6K
Cap Rate 9%
$245,444
$245.4K
Market Conditions
NOI Build-Up for 2,000 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
$31.2K $15.60/SF
− Vacancy
−$1.7K −$0.87/SF
EGI
$29.5K $14.73/SF
− OpEx
−$7.4K −$3.68/SF
NOI
$22.1K $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%
$441,800
Cap Rate 7%
$315,571
Cap Rate 9%
$245,444
Alternative Uses
Best Use
Specialty Retail
$315.6K
$276.1K – $368.2K
NOI $22,090 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$382.6K
$334.8K – $446.4K
NOI $26,784 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Electronics 30%
Family Dollar
Shops & Services
7,699 visits/mo
0.2 miles
T-Mobile
Electronics
3,958 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
1,381 visits/mo
0.4 miles
Precision Tune Auto Care
Shops & Services
294 visits/mo
0.4 miles
Demographics for 31204, GA
30,512
Population
15,578
Households
2
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
14.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$38,478
Median Household Income
$32,586
Median Earnings
$917
Median Rent
$123,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- George Catering Services — 833 Woodard Ave, Macon, GA 31204, United States
Frequently Asked Questions
What type of property is this?
Restaurant - Retail property with restaurant infrastructure near Columbus Road.
Where is this restaurant located?
The property is located at 3057 Columbus Rd 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: High traffic location: 9,770 VPD on Columbus Rd & 19,400 VPD on Mercer University Dr.; Equipped for restaurant use: Includes 2‑compartment sink, hand sink, 14’ hood with ansel system, 2 refrigerators & display cooler.; Previously used as a seafood market.
