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Property profile & analytics
OFF-MARKET
Estimated value
$14,285,000
Distribution centers
1035 Frank Amerson Pkwy Macon, GA 31216-4937
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3884526
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2016
Total area
248,000 SF
Lot
33 ac (1,437,480 SF)
Zoning code
M-1
APN
L130-0228
UPID
US22-3884526
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
FedEx Ground Trucking Company
-
FedEx Ship Center Courier Service Postal Service
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.73M
Blend (final)
Blend
$14.29M
Owner & transaction history
Jag Ga LLC · 6 yrs held
Jag Ga LLC
since 2020
Last sale
$42,500
1 recorded transaction
Zoning & alternative use
M-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al District Chapter 13A - CBD-1 Central Business District Chapter 13B - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chapter 15 - C-5 Neighborhood Convenience Center District Chapter 16 - M-1 Wholesale and Light Industrial District Chapter 17 - M-2 Heavy Industrial District Chapter 18 - M-3 Heavy Industrial District Chapter 19…
Zone name
Wholesale And Light Industrial District
General category
INDUSTRIAL
Zone area
1,224.51 ac
Source
Planning & Zoning Commission
Top alternative use upside
Retail stores
$21.9M
+131.9%
Neighborhood: shopping center
$20.7M
+119.7%
Industrial (general)
$18.8M
+99.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Macon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,435,000
Current use
RETAIL STORES
$21,875,000
Change: +132% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$20,730,000
Change: +120% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$18,820,000
Change: +100% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,335,000
Change: +84% · Conversion: Easy
Blend value · Realmo final
$14.29M
Range $12.86M – $15.71M · ±10% · vs last sale $43k (Apr 8 2020)
Last sale anchor
$43k
Apr 8 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$130,323
Tax year 2024
Assessed value
$5,131,452
Assessed 2024
Previous assessed
$5,131,452
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$261,000
Assessed improvement
$4,870,452
Land market value
$652,500
Improvement market value
$12,176,130
Total market value
$12,828,630
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
248,000 SF
Lot
33 ac (1,437,480 SF)
Zoning code
M-1
APN
L130-0228
UPID
US22-3884526
Jurisdiction
BIBB
Zoning & alternative use
M-1 · Macon, GAZoning M-1 · permitted uses
M-1 · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al District Chapter 13A - CBD-1 Central Business District Chapter 13B - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chapter 15 - C-5 Neighborhood Convenience Center District Chapter 16 - M-1 Wholesale and Light Industrial District Chapter 17 - M-2 Heavy Industrial District Chapter 18 - M-3 Heavy Industrial District Chapter 19 - PDS and PDM Planned Development Districts Chapter 20A - AH1 Airport Hazard Distr
Zone name
Wholesale And Light Industrial District
General category
INDUSTRIAL
Zone area
1,224.51 ac
Source
Planning & Zoning Commission
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.4M
RETAIL STORES
Est. value
$21.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.7M
INDUSTRIAL (GENERAL)
Est. value
$18.8M
AUTO REPAIR, GARAGE
Est. value
$17.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Stories
1
Lot
33 ac
Current owner
From public records · entity-resolved
Jag Ga LLC
Entity
Free & Clear · 6 yrs held
Mailing address
354 WALLER AVE STE #200, LEXINGTON, KY 40504-2929
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2020
—
Jag Ga LLC
Macon-bibb Cnty Indl Authorit
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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