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    1456 Gray Hwy Macon, GA 31211

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    1456 Gray Hwy Macon, GA 31211

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    • Retail properties & Spaces
    • 36,674 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1456 Gray Hwy

    Year built
    2000
    Property size
    36,674 SF
    Property type
    Retail properties & Spaces

    Description

    Walnut Creek Plaza offers a prime retail opportunity in Macon, Georgia. This single-story, 36,674 square foot building, constructed in 2000, boasts a highly visible location on Gray Highway, a major retail corridor with a remarkable 92,000 vehicles passing daily. The property benefits from a Walmart shadow anchor, ensuring consistent high foot traffic. Currently, 3,200 square feet of retail space is immediately available, representing a minimum divisible unit. The maximum contiguous space available is also 3,200 square feet. The center is home to a strong mix of national tenants including Dollar Tree, GameStop, Rainbow, and CATO, further enhancing the property's appeal and drawing significant customer traffic. The building features a well-maintained stucco exterior. A dense population of approximately 15,000 residents within a two-mile radius provides a robust customer base. Attractive lease terms, including tenant improvement allowances and rent abatement, are available for qualified tenants. This is an exceptional opportunity to establish a thriving retail business in a high-traffic, established center. The property's address is 1456 Gray Hwy, Macon, GA 31211.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Monroe
    State
    Georgia
    Longitude
    -83.6101
    Latitude
    32.8653

    Comparable in this City

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      1374 Gray Hwy

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      640 North Ave

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      36,600 SF

      610 North Ave

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      2,400 SF

      2243 Shurling Dr

      CONVENIENCE STORE • 2,400 SF
      2243 Shurling Dr, Macon, GA 31211-2549
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      $990,000
      94,540 SF

      1307 Shurling Dr

      GYM, HEALTH SPA • 94,540 SF
      1307 Shurling Dr, Macon, GA 31211-2137
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    • Value Estimation by Request
      1,584 SF

      3175 Joycliff Rd

      AUTO REPAIR, GARAGE • 1,584 SF
      3175 Joycliff Rd, Macon, GA 31211-7527
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    Similar Nearby for Sale

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      11,288 SF

      Retail Property on Gray Highway

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      Macon Retail Center Investment

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      Retail Space For Sale

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      Truist Bank in Macon, GA

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      Restaurant/Retail Building with Drive-Thru

      2,413 SF restaurant/retail building with drive-thru and walk-in cooler.
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    Similar Nearby for Lease

    • $12 SF/Yr
      16,500 SF

      Retail Space on Gray Highway

      Retail property available for lease with 16,500 square feet.
      1034-1040 Gray Hwy, Macon, GA 31211
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      Retail/Flex Space with Dock

      Anchor retail or flex space featuring dock-high loading.
      1040 Gray Hwy, Macon, GA 31211
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      Retail Center Near Shurling Drive

      Multi-tenant retail center with suites for lease.
      1605 Shurling Dr, Macon, GA 31211
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      Retail or Office Space Available

      Retail or office space near Shurling Drive and Gray Highway.
      737 Shurling Dr, Macon, GA 31211
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      Industrial Land Parcel For Lease

      14.39 acre industrially zoned land parcel available for lease.
      Rd Lite-N-Tie, Macon, GA 31211
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    • $2 SF/Yr
      24,230 SF

      Macon Industrial Property For Lease

      24,230 SF industrial property on 4.92 acres for lease.
      2255 Gray Hwy, Macon, GA 31211
      View Details
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    1456 Gray Hwy
    Macon, GA 31211
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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