Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3198 Mercer University Dr Macon, GA 31204-5166

    • Grocery and convenience stores
    • 1,914 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $930,000
    Last Sale
    Jul 09, 2021
    $1,025,000
    Location Intelligence
    Property ID
    US22-2407091
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sprint Food Stores / Convenience Store / Gas Station

    Property Details for 3198 Mercer University Dr

    Year built
    1966
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    1,914 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    N084-0204
    APU
    N0840204

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,150,000
      6.5%
      $1,030,000
      7%
      $1,150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $980,000
      Geo Method
      $1,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,025,000
      Retail
      $1,030,000
      Mixed-Use
      $950,000
      Hospitality
      $1,120,000
      Educational
      $1,140,000
      Residential Income
      $1,115,000
      Energy
      $865,000
      Income-Based Land
      $1,175,000
      Food Service
      $935,000

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6812
    Latitude
    32.8238
    CBSA code
    31420
    CBSA name
    MACON, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,725
    $35,126
    $37,603
    $72,729
    -
    $87,816
    $94,008
    $181,824

    Comparable in this City

    • Value Estimation
      $975,000
      2,269 SF

      2650 Riverside Dr

      CONVENIENCE STORE • 2,269 SF
      2650 Riverside Dr, Macon, GA 31204-1436
      View Details
    • Value Estimation
      $525,000
      2,640 SF

      2580 Riverside Dr

      CONVENIENCE STORE • 2,640 SF
      2580 Riverside Dr, Macon, GA 31204-1546
      View Details
    • Value Estimation
      $285,000
      2,088 SF

      3889 Vineville Ave

      CONVENIENCE STORE • 2,088 SF
      3889 Vineville Ave, Macon, GA 31204-1864
      View Details
    • Value Estimation
      $190,000
      3,074 SF

      2679 Montpelier Ave

      CONVENIENCE STORE • 3,074 SF
      2679 Montpelier Ave, Macon, GA 31204
      View Details
    • Value Estimation
      $220,000
      1,296 SF

      2353 Ingleside Ave

      CONVENIENCE STORE • 1,296 SF
      2353 Ingleside Ave, Macon, GA 31204-2033
      View Details
    • Value Estimation
      $245,000
      2,560 SF

      3786 Log Cabin Dr

      CONVENIENCE STORE • 2,560 SF
      3786 Log Cabin Dr, Macon, GA 31204-3754
      View Details

    Similar Nearby for Sale

    • $95,000
      2,934 SF

      Macon Commercial Building For Sale

      Approximately 3,000 SF building suitable for multiple uses.
      3017 Columbus Rd, Macon, GA 31204
      View Details
    • $325,000
      4,800 SF

      Ingleside Village Antique Centre

      Retail property with recent renovations in Ingleside Village.
      2340 Ingleside Ave, Macon, GA 31204
      View Details
    • $159,000
      0.23 Acres

      Macon Commercial/Industrial Opportunity

      High visibility commercial property with ample parking in Macon, GA.
      3192 Vineville Ave, Macon, GA 31204
      View Details
    • $899,000
      8,692 SF

      Freestanding Retail Building on Mercer

      8,692 SF retail building on 0.78 acre lot.
      3627 Mercer University Dr, Macon, GA 31204
      View Details
    • $120,000
      Pending

      Retail Property Near Downtown Macon

      Retail property with high traffic and easy interstate access.
      1871 Pio Nono Ave, Macon, GA 31204
      View Details
    • $250,000
      0.55 Acres

      Macon Commercial Building For Sale

      Move-in ready building with additional leased space and ample parking.
      2660 Montpelier Ave, Macon, GA 31204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Retail Space in Self-Storage Facility

      15,000 SF retail space for lease near Pio Nono.
      400 Pio Nono Ave, Macon, GA 31204
      View Details
    • $1,600 /Mo
      600 SF

      Retail or Office Space Available

      600 SF retail or office space for lease.
      871-881 Lee Rd, Macon, GA 31204
      View Details
    • $16 SF/Yr
      1,150 SF

      Retail Space in Ingleside Village

      Retail space for lease in a lively, community-focused environment.
      2308 Ingleside Ave, Macon, GA 31204
      View Details
    • $900 /Mo
      9,583 SF

      Renovated Retail Space Available

      900 SF renovated retail space in Macon, GA for lease.
      3108 Vineville Ave, Macon, GA 31204
      View Details
    • $8 SF/Yr
      25,300 SF

      High Traffic Macon Retail Space

      25,300 SF Retail/Warehouse, Macon, GA
      3260 Mercer University Dr, Macon, GA 31204
      View Details
    • $16 SF/Yr
      21,450 SF

      Macon Retail Center Opportunity

      High-traffic Macon retail space available.
      2980 Riverside Dr, Macon, GA 31204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3198 Mercer University Dr
    Macon, GA 31204-5166
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.