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Property profile & analytics
OFF-MARKET
Retail space
242 Spg St 248 Macon, GA 31201-1920
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2223740
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
CONCRETE BLOCKS
Total area
6,804 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CBD-2
APN
Q074-0157
UPID
US22-2223740
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chenab Investments INC · 1 yrs held
Chenab Investments INC
since 2024
Last sale
$224,000
2 recorded transactions
Zoning & alternative use
CBD-2 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
hapter 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 Chapt…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
322.71 ac
Source
Planning & Zoning Commission
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,248
Tax year 2023
Assessed value
$151,588
Assessed 2023
Previous assessed
$151,588
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$77,850
Assessed improvement
$73,738
Land market value
$194,625
Improvement market value
$184,346
Total market value
$378,971
Applied tax rate
12.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Total area
6,804 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CBD-2
APN
Q074-0157
UPID
US22-2223740
Jurisdiction
BIBB
Zoning & alternative use
CBD-2 · Macon, GAZoning CBD-2 · permitted uses
CBD-2 · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
hapter 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 Industrial District Chapter 17 - M-2 Heavy Industrial
Zone name
Central Business District
General category
COMMERCIAL
Zone area
322.71 ac
Source
Planning & Zoning Commission
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Chenab Investments INC
Entity
Free & Clear · 1 yrs held
Mailing address
5687 SWEETBRIAR TRL, MACON, GA 31210-7502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
$224,000
Chenab Investments INC
Jcsa LLC
Warranty Deed
—
Jun 4, 2024
—
Jcsa LLC
Salter 242 Spring Lllp
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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