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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Outlet malls
2929 Lanier Hts Rd Macon, GA 31217-5794
Entity Owned
18-yr Hold
Free & Clear
Property ID
US22-2328130
Property summary
AI-generated overview
This Macon, Georgia industrial property, located at 2929 Lanier Heights Rd, 31217, offers a versatile 5,000 square foot single-tenant warehouse space available January 2025. The building, constructed in 2003, features a 1-story design with an impressive 18-foot ceiling height. The warehouse area encompasses 2,244 square feet, complemented by a 1,156 square foot covered dock area. Loading is facilitated by one 10' x 14' dock-high door and two roll-up doors, including a 12' x 14' drive-in door. The property also includes a 1,600 square foot office space, complete with two two-fixture restrooms and HVAC. The office is constructed of concrete block with brick veneer, while the warehouse and dock are metal. The 1.41-acre lot provides ample space, with expansion potential up to 2.18 acres. The property boasts 400 AMP power and is zoned M2, Heavy Industrial. This property is ideal for a variety of industrial and commercial uses.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Total area
3,858 SF
Lot
1.41 ac (61,420 SF)
Zoning code
M-2
APN
V083-0025
UPID
US22-2328130
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
-
Airgas Healthcare Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$530k
Owner & transaction history
Jbh LLC · 18 yrs held
Jbh LLC
since 2008
2 recorded transactions
Zoning & alternative use
M-2 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$495,000
+45.4%
Commercial (general)
$370,000
+9.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
RETAIL STORES
$340,000
Current use
MEDICAL BUILDING
$495,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$370,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$320,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$137 / 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
$4,530
Tax year 2023
Assessed value
$152,927
Assessed 2023
Previous assessed
$152,927
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$56,400
Assessed improvement
$96,527
Land market value
$141,000
Improvement market value
$241,317
Total market value
$382,317
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
2002
Heating
NONE
Cooling
YES
Stories
1
Total area
3,858 SF
Lot
1.41 ac (61,420 SF)
Zoning code
M-2
APN
V083-0025
UPID
US22-2328130
Jurisdiction
BIBB
Zoning & alternative use
M-2 · Macon, GA
Zoning M-2 · permitted uses
M-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
RETAIL STORES Current
Est. value
$340,000
MEDICAL BUILDING
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$370,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$320,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Jbh LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 9219, MARIETTA, GA 30065-2219
Ownership since
2008
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
Jun 12, 2008
—
Jbh LLC
Barry,arthur P III
Quit Claim Deed
related
—
—
—
Jhb LLC
—
Deed Of Trust
related
$83,114 · State Bank & Trust
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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