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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Outlet malls
1444 Martin Luther King Jr Blvd Macon, GA 31201-3027
Entity Owned
9-yr Hold
Free & Clear
Property ID
US22-2084067
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2016
Total area
9,301 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
Q084-0095
UPID
US22-2084067
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
-
Macon Discount Building Materials Big Box & Wholesale Store Building Supply
-
Western Union Bank Credit Union
-
Dollar General Discount Store
-
Dollar General 16428 - (GA) Electronics Vending Machine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$1.06M
Owner & transaction history
Welco Properties · 9 yrs held
Welco Properties
since 2016
4 recorded transactions
Zoning & alternative use
C-2 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+148.8%
Medical building
$1.2M
+99.0%
Neighborhood: shopping center
$775,000
+29.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Alternative Use
Use
Estimation
RESTAURANT
$1,490,000
Change: +149% · Conversion: Easy
MEDICAL BUILDING
$1,195,000
Change: +99% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +30% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$705,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$650,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
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
$114 / 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
$9,152
Tax year 2023
Assessed value
$308,959
Assessed 2023
Previous assessed
$308,959
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$35,011
Assessed improvement
$273,948
Land market value
$87,528
Improvement market value
$684,870
Total market value
$772,398
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2016
Heating
NONE
Cooling
YES
Stories
1
Total area
9,301 SF
Lot
1.48 ac (64,469 SF)
Zoning code
C-2
APN
Q084-0095
UPID
US22-2084067
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
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
INDUSTRIAL (GENERAL)
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (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
2016
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Welco Properties
Entity
Free & Clear · 9 yrs held
Mailing address
6065 ROSWELL RD STE #980, ATLANTA, GA 30328-4064
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2016
$1,348,910
Welco Properties
Sw East Macon LLC
Grant Deed
—
Oct 2, 2015
$205,000
Sw East Macon LLC
Smith Family Investments LLC
Grant Deed
—
Oct 2, 2015
—
Sw East Macon LLC
Smith Family Investments LLC
Quit Claim Deed
related
—
—
—
Smith Family Investments LLC
—
Deed Of Trust
related
$150,000 · Corinne Kin
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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