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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Strip malls
1040 Gray Hwy Macon, GA 31211-1837
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-2418167
Property summary
AI-generated overview
This exceptional commercial property, located at 1040 Gray Hwy in Macon, Georgia, offers ±20,000 to ±24,000 square feet of flexible retail and office space. Situated on a 2.2-acre lot, this single-story building boasts a total of 27,500 square feet and was constructed in 1960. The property is zoned C-4, providing a wide range of potential uses. The address is 1040 Gray Hwy, Macon, GA 31211 (APN: R064-0251). Its convenient location in Jones County offers excellent visibility and accessibility. The property's single-tenant occupancy presents a unique opportunity for a business seeking a substantial space to expand or establish its presence in a thriving market. The building's layout is adaptable to various business needs, making it an ideal choice for a variety of retail or office configurations. This property presents a rare opportunity to acquire a significant commercial space in a desirable Macon location. The ample lot size offers potential for future expansion or development. Serious inquiries are encouraged to explore the possibilities this property offers.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
CONCRETE BLOCKS
Total area
27,630 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C-4
APN
R064-0251
UPID
US22-2418167
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
-
Cash America Pawn Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.87M
Owner & transaction history
1040 Gray Hwy LLC · 4 yrs held
1040 Gray Hwy LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
C-4 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+15.3%
Retail stores
$2.4M
+5.5%
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
$1,680,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,310,000
Current use
COMMERCIAL (GENERAL)
$2,660,000
Change: +15% · Conversion: Easy
RETAIL STORES
$2,435,000
Change: +6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,095,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,930,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10% · vs last sale $1.88M (Jun 6 2022)
Last sale anchor
$1.88M
Jun 6 2022
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
$67 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,297
Tax year 2023
Assessed value
$786,498
Assessed 2023
Previous assessed
$786,498
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$229,997
Assessed improvement
$556,501
Land market value
$574,992
Improvement market value
$1,391,252
Total market value
$1,966,244
Applied tax rate
9.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Total area
27,630 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C-4
APN
R064-0251
UPID
US22-2418167
Jurisdiction
BIBB
Zoning & alternative use
C-4 · Macon, GA
Zoning C-4 · permitted uses
C-4 · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Macon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1959
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
1040 Gray Hwy LLC
Entity
Mailing address
3154 LAWRENCEVILLE SUWANEE RD, SUWANEE, GA 30024-4472
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$1,875,000
1040 Gray Hwy LLC
Payne City Partners LLC
Quit Claim Deed
$1,312,500 · Planters First Bank
Dec 7, 2021
—
Payne City Partners LLC
Colaparchee Partners LLC
Limited Warranty Deed
—
Jun 15, 2016
—
D & D Middle Ga LLC
—
Deed
related
$1,243,101 · Sunmark Cmnty Bk
Sep 10, 2013
—
Owner Name Unavailable
Certusbank
Quit Claim Deed
related
—
May 21, 2010
$613,824
Bchi Investments LLC
Colaparchee Partners LLC
Warranty Deed
$491,000 · Branch Banking & Trust Co
May 20, 2010
$613,824
Bchi Investments LLC
Colaparchee Partners LLC
Grant Deed
—
Jun 10, 2008
$1,450,000
Colaparchee Partners LLC
Barnes A E III
Grant Deed
—
Jun 10, 2008
—
Colaparchee Partners LLC
—
Trustees Deed
related
$1,550,000 · Atlantic Southern Bank
—
—
Colaparchee Partners LLC
—
Loan Modification
related
$1,457,746 · Certusbank NA
—
—
D & D Middle Ga LLC
—
Loan Modification
related
$1,243,101 · Sunmark Cmnty Bk
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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