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    Property profile & analytics

    1190 Frank Amerson Pkwy Macon, GA 31216-4941

    • Grocery and convenience stores
    • 11,864 SF
    • 16.72 lot acres
    OFF-MARKET
    Value Estimations
    $2,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3918657
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CAT Scale / Truck Stop
    • Godfather's Pizza Express / Pizza Restaurant
    • Subway / Caterer / Sandwich Shop
    • Love's Travel Stop / Truck Stop / Convenience Store
    • Speedco Truck Lube and Tires / Truck Stop / Truck Repair Shop

    Property Details for 1190 Frank Amerson Pkwy

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    16.72 lot acres
    Property size
    11,864 SF
    Zone code
    M-1
    Property type
    Grocery and convenience stores
    APN
    K014-0179
    APU
    K0140179

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,185,000
      6.5%
      $2,015,000
      7%
      $1,870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,150,000
      Market price range: $934k - $2.15M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,905,000
      MEDICAL BUILDING
      $1,520,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7323
    Latitude
    32.7175
    CBSA code
    31420
    CBSA name
    MACON, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $62,968
    $886,000
    $1,239,796
    $2,125,796
    -
    $2,215,000
    $3,099,491
    $5,314,491

    Comparable in this City

    • Value Estimation
      $1,140,000
      6,469 SF

      4700 Hartley Brg Rd

      CONVENIENCE STORE • 6,469 SF
      4700 Hartley Brg Rd, Macon, GA 31216-5902
      View Details
    • Value Estimation
      $610,000
      3,600 SF

      4017 Hartley Brg Rd

      CONVENIENCE STORE • 3,600 SF
      4017 Hartley Brg Rd, Macon, GA 31216-5635
      View Details
    • Value Estimation
      $1,610,000
      8,378 SF

      4934 Sardis Church Rd

      CONVENIENCE STORE • 8,378 SF
      4934 Sardis Church Rd, Macon, GA 31216-7235
      View Details
    • Value Estimation
      $3,795,000
      48,108 SF

      5615 Houston Rd

      GROCERY, SUPERMARKET • 48,108 SF
      5615 Houston Rd, Macon, GA 31216-5747
      View Details
    • Value Estimation
      $1,140,000
      4,706 SF

      4737 Houston Rd

      CONVENIENCE STORE • 4,706 SF
      4737 Houston Rd, Macon, GA 31216-5015
      View Details
    • Value Estimation by Request
      1,800 SF

      7104 Houston Rd

      CONVENIENCE STORE • 1,800 SF
      7104 Houston Rd, Macon, GA 31216-7334
      View Details

    Similar Nearby for Sale

    • $349,900
      2,842 SF

      Macon Commercial Property For Sale

      Commercial property in Macon, GA, with high traffic count.
      7108 Ga 247 Hwy, Macon, GA 31216
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    • $1,800,000
      16,750 SF

      Macon Retail Building - $1.8M

      16,750 SF Retail Building, High Visibility
      6109 Houston Rd, Macon, GA 31216
      View Details
    • Contact for pricing
      50,232 SF

      Retail Center in High-Traffic Area

      Neighborhood retail center with anchor tenants in growing area.
      5615 Houston Rd, Macon, GA 31216
      View Details
    • $399,000
      4.06 Acres

      Prime Macon Agricultural Land

      4.06 Acres, I-75 Access, $399,000
      7055 Houston Rd, Macon, GA 31216
      View Details
    • $250,000
      2.72 Acres

      Macon Agricultural Land - 2.72 Acres

      Prime Macon farmland, ideal for investors.
      7717 Hawkinsville Rd, Macon, GA 31216
      View Details
    • $250,000

      Industrial Space on Hawkinsville Road

      1,500 SF warehouse/storage building on 0.63 acres for sale.
      5607 Hawkinsville Rd, Macon, GA 31216
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      682 SF

      Retail Space in High-Traffic Location

      Retail space available in a high-traffic shopping center.
      5615 Houston Rd, Macon, GA 31216
      View Details
    • Contact for pricing

      Sardis Church Rd Commercial Land

      16 Acres, High-Traffic Location, Development Opportunity
      5250 Sardis Church Rd, Macon, GA 31216
      View Details
    • Contact for pricing
      135,102 SF

      Macon Warehouse Space Available

      135,102 sq ft warehouse space for lease.
      235 Northwest Industrial Blvd, Macon, GA 31216
      View Details
    • $7 SF/Yr
      7,200 SF

      Macon Warehouse: 7,200 SF

      High-traffic Macon warehouse, office space available.
      7441 Hawkinsville Rd, Macon, GA 31216
      View Details
    • Contact for pricing

      Commercial Development Site For Lease

      4.09 acre commercial development site with high visibility.
      4199 Hartley Bridge Rd, Macon, GA 31216
      View Details
    • Contact for pricing
      45,709 SF

      Macon Warehouse Space Available

      Industrial warehouse space available for lease in Macon, Georgia.
      7595 Industrial Hwy, Macon, GA 31216
      View Details
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    1190 Frank Amerson Pkwy
    Macon, GA 31216-4941
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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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