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Property profile & analytics
OFF-MARKET
Estimated value
$6,475,000
Strip malls
1336 Gray Hwy Macon, GA 31211-1949
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2305755
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Total area
61,722 SF
Lot
11.85 ac (516,186 SF)
Zoning code
C-2
APN
R064-0395
UPID
US22-2305755
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.67M
Blend (final)
Blend
$6.48M
Owner & transaction history
Three Oaks Const & Dev INC · 3 yrs held
Three Oaks Const & Dev INC
since 2022
Last sale
$7.1M
5 recorded transactions
Zoning & alternative use
C-2 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.9M
+91.9%
Medical building
$7.9M
+53.5%
Commercial (general)
$6.0M
+15.3%
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
$6,140,000
ML approach
$6,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,160,000
Current use
RESTAURANT
$9,900,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$7,920,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,950,000
Change: +15% · Conversion: Easy
RETAIL STORES
$5,445,000
Change: +6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,685,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,315,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.48M
Range $5.83M – $7.12M · ±10% · vs last sale $7.06M (Dec 2 2021)
Last sale anchor
$7.06M
Dec 2 2021
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
$105 / 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
$63,255
Tax year 2023
Assessed value
$2,135,471
Assessed 2023
Previous assessed
$2,135,471
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$832,081
Assessed improvement
$1,303,390
Land market value
$2,080,202
Improvement market value
$3,258,474
Total market value
$5,338,676
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
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
1982
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
61,722 SF
Lot
11.85 ac (516,186 SF)
Zoning code
C-2
APN
R064-0395
UPID
US22-2305755
Jurisdiction
BIBB
Zoning & alternative use
C-2 · Macon, GA
Zoning 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
Macon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.2M
RESTAURANT
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$6.0M
RETAIL STORES
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
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
1982
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
11.85 ac
Current owner
From public records · entity-resolved
Three Oaks Const & Dev INC
Entity
Free & Clear · 3 yrs held
Mailing address
5658 LEGENDS CLB CIR, BRASELTON, GA 30517-6029
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
—
Three Oaks Const & Dev INC
Payne City Partners LLC
Quitclaim Deed
related
—
Jan 7, 2022
—
Payne City Paetners LLC
Gray Highway Holdings LLC
Quit Claim Deed
related
—
Dec 2, 2021
$7,062,000
Y & H Property INC
Gray Highway Holdings LLC
Limited Warranty Deed
$4,580,000 · Bbcn Bank
Jul 14, 2008
$505,000
Murphy Oil USA INC
Ruby Truesday INC
Grant Deed
—
—
—
Gray Highway Holdings LLC
—
Deed Of Trust
related
$4,637,952 · Robins Financial Cu
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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