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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Banks
187 3rd St Macon, GA 31201
Individually Owned
10-yr Hold
Free & Clear
Property ID
US22-2349819
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Total area
10,622 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CBD-1
APN
R073-0438
UPID
US22-2349819
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$575k
Owner & transaction history
Community & Sthrn Bk · 10 yrs held
Community & Sthrn Bk
since 2015
3 recorded transactions
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
apter 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…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
277.27 ac
Source
Planning & Zoning Commission
Top alternative use upside
Restaurant
$935,000
+43.2%
Retail stores
$765,000
+17.2%
Warehouse, storage
$710,000
+9.0%
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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$650,000
Current use
RESTAURANT
$935,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$765,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$54 / 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
$38,869
Tax year 2023
Assessed value
$1,122,705
Assessed 2023
Previous assessed
$1,122,705
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$265,912
Assessed improvement
$856,793
Land market value
$664,780
Improvement market value
$2,141,983
Total market value
$2,806,763
Applied tax rate
19.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
YES
Stories
2
Total area
10,622 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CBD-1
APN
R073-0438
UPID
US22-2349819
Jurisdiction
BIBB
Zoning & alternative use
CBD-1 · Macon, GAZoning CBD-1 · permitted uses
CBD-1 · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
apter 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 District Chapter 16 - M-1 Wholesale and Light Industr
Zone name
Central Business District
General category
COMMERCIAL
Zone area
277.27 ac
Source
Planning & Zoning Commission
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$650,000
RESTAURANT
Est. value
$935,000
RETAIL STORES
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$620,000
OFFICE BUILDING
Est. value
$545,000
FINANCIAL BUILDING Current
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
1988
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
Community & Sthrn Bk
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 8811, LITTLE ROCK, AR 72231-8811
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2015
—
Community & Sthrn Bk
Certusbank NA
Quit Claim Deed
related
—
Sep 23, 2011
$1,319,500
Certusbank NA
Barrs Land Investments LLC
Grant Deed
—
Mar 24, 2011
$750,000
Barrs Land Investments LLC
Colb-macon LLC
Grant Deed
—
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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