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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Strip malls
1401 Gray Hwy Macon, GA 31211-1905
Entity Owned
4-yr Hold
Free & Clear
Property ID
US22-2060591
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
FRAME
Total area
36,640 SF
Lot
18.52 ac (806,731 SF)
Zoning code
PDE
APN
S061-0128
UPID
US22-2060591
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
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Christyn Hicks Pharmacy
-
Chandani Patel Pharmacy
-
Walmart Pet Services Kennel & Boarding Facility
-
Walmart Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.93M
CAP Approach
CAP
$6.23M
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$4.59M
Owner & transaction history
Pop Walnut 1 LLC · 4 yrs held
Pop Walnut 1 LLC
since 2021
Last sale
$5.1M
5 recorded transactions
Zoning & alternative use
PDE · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+91.9%
Medical building
$4.7M
+53.5%
Commercial (general)
$3.5M
+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
$4,435,000
ML approach
$3,930,000
CAP Approach
CAP Return
Estimation
6%
$6,745,000
6.5%
$6,225,000
7%
$5,780,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,060,000
Current use
RESTAURANT
$5,875,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$4,700,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,530,000
Change: +15% · Conversion: Easy
RETAIL STORES
$3,230,000
Change: +6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,780,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±10% · vs last sale $5.10M (Nov 12 2021)
Last sale anchor
$5.10M
Nov 12 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
$125 / 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
$55,054
Tax year 2023
Assessed value
$2,338,418
Assessed 2023
Previous assessed
$2,338,418
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$968,077
Assessed improvement
$1,370,341
Land market value
$2,420,193
Improvement market value
$3,425,853
Total market value
$5,846,046
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
2000
Construction
FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
36,640 SF
Lot
18.52 ac (806,731 SF)
Zoning code
PDE
APN
S061-0128
UPID
US22-2060591
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.1M
RESTAURANT
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2000
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
18.52 ac
Current owner
From public records · entity-resolved
Pop Walnut 1 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1829 E FRANKLIN ST STE 800F, CHAPEL HILL, NC 27514-5867
Ownership since
2021
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
Nov 12, 2021
—
Pop Walnut 1 LLC
Rcc Walnut Creek Plaza LLC
Quit Claim Deed
related
—
Nov 12, 2021
$5,100,000
Pgp Walnut 1 LLC
Rcc Walnut Creek Plaza LLC
Special Warranty Deed
$3,315,000 · Bsprt Cmbs Finance LLC
Jul 19, 2016
$4,900,000
Rcc Walnut Creek Plaza LLC
Yale Macon LLC
Grant Deed
$2,850,000 · Miscellaneous Ins Co
Feb 22, 2013
$3,250,000
Yale Macon LLC
Macon Wms LLC
Grant Deed
related
$2,125,000 · Auto-owners Life Insurance Co
Feb 14, 2013
$3,250,000
Yale Macon LLC
Macon Walnut Creek Wms 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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