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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Retail space
1194 Martin Luther King Jr Blvd Macon, GA 31201-3138
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-2594946
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
3,993 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-2
APN
Q082-0283
UPID
US22-2594946
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
-
Unbank Bitcoin ATM Atm
-
ABC Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Abc Wine & Spirits LLC · 3 yrs held
Abc Wine & Spirits LLC
since 2023
Last sale
$875,000
5 recorded transactions
Zoning & alternative use
C-2 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
hapter 8 - R-1AAA and R-1AAAA Single Family Chapter 9 - R-1AA, R-1A, and R-1 Single Family Chapter 10 - R-2A and R-2 Two-Family Chapter 11 - 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 - C-4…
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,879.27 ac
Source
Planning & Zoning Commission
Top alternative use upside
Medical building
$510,000
+99.0%
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
$765,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$510,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $875k (Feb 7 2023)
Last sale anchor
$875k
Feb 7 2023
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
$192 / 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
$1,893
Tax year 2023
Assessed value
$63,891
Assessed 2023
Previous assessed
$63,891
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$15,260
Assessed improvement
$48,631
Land market value
$38,151
Improvement market value
$121,578
Total market value
$159,729
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
YES
Stories
1
Total area
3,993 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C-2
APN
Q082-0283
UPID
US22-2594946
Jurisdiction
BIBB
Zoning & alternative use
C-2 · Macon, GAZoning C-2 · permitted uses
C-2 · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
hapter 8 - R-1AAA and R-1AAAA Single Family Chapter 9 - R-1AA, R-1A, and R-1 Single Family Chapter 10 - R-2A and R-2 Two-Family Chapter 11 - 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 - C-4 Highway Commercial District Chapter 15 - C-5 Neighborhood Convenience Center Distr
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,879.27 ac
Source
Planning & Zoning Commission
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$510,000
MEDICAL BUILDING
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
1962
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Abc Wine & Spirits LLC
Entity
Mailing address
1194 MARTIN LUTHER KING JR BLVD, MACON, GA 31201-3138
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
$875,000
Abc Wine & Spirits LLC
Hyun INC
Limited Warranty Deed
$1,082,000 · Metro City Bank
Aug 19, 2013
—
Hyun INC
Barks & Associates LLC
Quit Claim Deed
related
$176,000 · Wilshire State Bank
Aug 19, 2013
$215,000
Hyun INC
Barks & Associates LLC
Grant Deed
—
Aug 9, 2013
$215,000
Hyun INC
Barks & Associates LLC
Grant Deed
—
Aug 9, 2013
—
Hyun INC
Barks & Associates LLC
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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