Technical
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Distress signals
Property profile

1122 Gray Hwy Macon, GA 31211

FOR SALE
Medical Office Space
Property ID
US22-2178817
15,616 SF 0.59 ac lot Built 1962
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a 15,616 square foot office building situated on a 0.59-acre lot at 1122 Gray Highway in Macon, Georgia, 31201. Currently operating as the Middle Georgia Medical Complex, this property offers significant potential for repurposing. Built in 1962, the building boasts 100% occupancy and is priced at $800,000, or $51.23 per square foot. The property benefits from high visibility on I-11, experiencing over 42,000 vehicles per day, and serves a robust population exceeding 158,000 within a 10-mile radius. The site includes 67 parking spaces. Permitted uses are diverse and include, but are not limited to, professional office buildings, automobile service stations, car washes, museums, and hotels (minimum 40,000 sq ft lot). This below-replacement-cost investment presents a strong return potential. Seller financing is available. The property's location within Macon, GA, places it near key economic drivers such as aerospace, advanced manufacturing, food processing, healthcare, professional services, and warehouse/distribution. This is a prime opportunity for investors seeking a high-impact redevelopment project in a thriving market.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,616 SF
Lot 0.59 ac (25,700 SF)
Zoning code C-4
APN R064-0244
UPID US22-2178817

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician Medical Clinic
  • Medical Clinic
  • Home Health Care Service
  • Medical Clinic

Location

1122 Gray Hwy Macon, GA 31211
Macon metro Census 11001 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$240k

Owner & transaction history

since 2023
2 recorded transactions
2023
$490,000
2022
$205,000

Zoning & alternative use

C-4 · Macon, GA
Zoning description

1 - R-3 Multifamily Chapter 12 - C-1 Neighborhood Commercial District Chapter 13 - C-2 General Commercial District Chapter 13A - CBD-1 Central Business District Chapter 13B - CBD-2 Central Business District Chapter 14 -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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