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Property profile & analytics
OFF-MARKET
Estimated value
$17,770,000
Investment properties
1345 Hardeman Ave Macon, GA 31201-1439
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2386339
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2014
Construction
CONCRETE BLOCKS
Total area
127,536 SF
Lot
3.56 ac (155,074 SF)
Zoning code
PDE
APN
Q073-0605
UPID
US22-2386339
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
-
Prism 23 Apartment Complex Apartment Building
-
Thomas Bowlin Land Services Construction Company
-
The Lofts at College Hill Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.54M
Comparable Approach
Comparable
$15.48M
Blend (final)
Blend
$17.77M
Owner & transaction history
Waypoint Mercer St Owner LLC · 4 yrs held
Waypoint Mercer St Owner LLC
since 2022
Last sale
$23.3M
7 recorded transactions
Zoning & alternative use
PDE · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.5M
+111.7%
Medical building
$16.4M
+69.3%
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
$20,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,085,000
6.5%
$18,540,000
7%
$17,215,000
Alternative Use
Use
Estimation
RESTAURANT
$20,455,000
Change: +112% · Conversion: Difficult
MEDICAL BUILDING
$16,360,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$17.77M
Range $15.99M – $19.55M · ±10% · vs last sale $23.29M (May 26 2022)
Last sale anchor
$23.29M
May 26 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
$139 / 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
$277,838
Tax year 2023
Assessed value
$9,379,761
Assessed 2023
Previous assessed
$9,379,761
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$744,355
Assessed improvement
$8,635,406
Land market value
$1,860,888
Improvement market value
$21,588,516
Total market value
$23,449,404
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2014
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Buildings
3
Stories
4
Total area
127,536 SF
Lot
3.56 ac (155,074 SF)
Zoning code
PDE
APN
Q073-0605
UPID
US22-2386339
Jurisdiction
BIBB
Zoning & alternative use
PDE · Macon, GA
Zoning PDE · permitted uses
PDE · 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
RESTAURANT
Est. value
$20.5M
MEDICAL BUILDING
Est. value
$16.4M
RESTAURANT
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
2014
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
4
Buildings
3
Lot
3.56 ac
Current owner
From public records · entity-resolved
Waypoint Mercer St Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
444 N MICHIGAN AVE STE #2600, CHICAGO, IL 60611-3998
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
Waypoint Mercer St Owner LLC
Wilmington Trust National Associati
Quit Claim Deed
related
—
May 26, 2022
$23,290,000
Sz Macon Apartments LLC
Waypoint Mercer St Owner LLC
Limited Warranty Deed
$232,800,000 · Goldman Sachs Bank USA
Feb 7, 2017
—
Mercer Lofts V LLC
—
Grant Deed
related
$22,500,000 · Miscellaneous Ins Co
Dec 19, 2016
—
Mercer Lofts IV LLC
—
Deed
related
$810,896 · Renasant Bank
Nov 10, 2015
—
Mercer Lofts V LLC
—
Grant Deed
related
$2,760,000 · State Bk&tr
Mar 10, 2014
$80,000
Mercer Lofts IV LLC
Midtowne Dev & Properties LLC
Warranty Deed
$640,000 · Heritagebank Of The South
Mar 7, 2014
$800,000
Mercer Lofts IV LLC
Midtowne Development & Properties LLC
Grant Deed
—
Sep 21, 2006
$600,000
Midtowne Dev & Properties LLC
Hanberry Real Est LLC
Warranty Deed
$606,469 · Suntrust Bank NA
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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