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    3260 Mercer University Dr Macon, GA 31204
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    3260 Mercer University Dr, Macon, GA 31204

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    • Outlet malls
    • 27,744 SF
    • 3.99 lot acres
    For Sale
    $2,500,000
    View Listing →
    Mercer University Drive Retail/Warehouse For Sale
    $2,500,000
    25,300 SF

    Mercer University Drive Retail/Warehouse

    Retail and warehouse space with high visibility and expansion potential.

    3260 Mercer University Dr, Macon, GA 31204
    View Listing
    Property ID
    US22-2509798
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Knee Walker Rental Macon / Car Rental Facility

    Property Details for 3260 Mercer University Dr

    Year built
    2002
    Construction
    CONCRETE BLOCKS
    Lot size
    3.99 lot acres
    Zone code
    C-2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    N084-0101
    APU
    N0840101

    Description

    This exceptional 25,300-square-foot commercial property in Macon, Georgia, presents a unique investment opportunity. Located at 3260 Mercer University Drive, this single-tenant building boasts excellent visibility with a 325-foot frontage on a busy thoroughfare. The property features a spacious 14,370-square-foot retail/showroom area and a substantial 10,930-square-foot warehouse. The warehouse offers impressive features including 22-foot wall height, clear ceilings ranging from 18 feet 2 inches to 19 feet 2 inches, two leveling docks, and two docks with bumpers. Four 10' x 12' overhead doors (two motorized, two hand-cranked) provide convenient access. The building also includes a well-appointed office, break/dining room, and three bathrooms. Ample parking is provided with 65 spaces directly in front. The property sits on four acres, allowing for potential expansion. The building is equipped with 110-volt power, a 600-amp, 3-phase/4-wire panel, and fiber internet throughout. Convenient ingress/egress is facilitated by side streets on both sides of the building. The property is zoned C-2, General Commercial District, in Bibb County (APN: N084-0101) and was built in 2002. This is a Class C, single-story building. The property's previous use was as a Salvation Army building. This property offers significant potential for a variety of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $955,000
      ML approach
      $1,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,158,000
      Market price range: $903k - $3.10M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.6844
    Latitude
    32.8223
    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
    $0.00
    $172,048
    $240,103
    $412,151
    -
    $430,121
    $600,257
    $1,030,378

    Comparable in this City

    • Value Estimation
      $2,335,000
      84,218 SF

      400 Pio Nono Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      400 Pio Nono Ave, Macon, GA 31204-0941
      View Details
    • Value Estimation by Request
      2,620 SF

      3283 Vineville Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      3283 Vineville Ave, Macon, GA 31204-2343
      View Details
    • Value Estimation
      $1,670,000
      24,675 SF

      3337 Mercer University Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      3337 Mercer University Dr, Macon, GA 31204-5048
      View Details
    • Value Estimation
      $18,460,000
      132,423 SF

      4701 Log Cabin Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      4701 Log Cabin Dr, Macon, GA 31204-6318
      View Details
    • Value Estimation
      $795,000
      6,470 SF

      3220 Mercer University Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      3220 Mercer University Dr, Macon, GA 31204
      View Details
    • Value Estimation
      $1,355,000
      9,180 SF

      3616 Napier Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      3616 Napier Ave, Macon, GA 31204-2751
      View Details

    Similar Nearby for Sale

    • $175,000
      8,600 SF

      Macon Commercial Property with Bays

      Commercial property suitable for auto sales or repair shop.
      3106 Hillcrest Ave, Macon, GA 31204
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      3,573 SF

      Macon Commercial Property For Sale

      Versatile commercial property with high visibility and flexible business uses.
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      Prime Food and Beverage Building

      Exceptional opportunity for investors or owner-occupants in the hospitality industry.
      3189 Mercer University Dr, Macon, GA 31204
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      Makin Klean Car Wash Opportunity

      Express car wash with high traffic frontage on Riverside Drive.
      2946 Riverside Dr, Macon, GA 31204
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    • $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
    • $675,000
      1,500 SF

      Versatile Commercial Opportunity in Macon

      4,200 sq. ft. commercial space with flexible layouts.
      3146 Vineville Ave, Macon, GA 31204
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    Similar Nearby for Lease

    • Contact for pricing
      10,350 SF

      Retail Space Near Macon Mall

      Retail spaces available from 1,600 to 28,300 square feet.
      3755 Bloomfield Rd, Macon, GA 31204
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Retail Center with High Visibility

      Retail center with high traffic and great visibility.
      3249-3253 Mercer University Dr, Macon, GA 31204
      View Details
    • Contact for pricing

      Freestanding Office/Retail Building in Macon

      Freestanding ±1,200 SF building suitable for medical, professional, or retail.
      4693 Log Cabin Dr, Macon, GA 31204
      View Details
    • Contact for pricing
      2,050 SF

      Storefront Retail Space Available

      2,050 SF storefront retail space for lease.
      863 Wimbish Rd, Macon, GA 31204
      View Details
    • Contact for pricing

      Versatile Commercial Building in Macon

      Spacious commercial building in North Macon, suitable for various businesses.
      3282 Vineville Ave, Macon, GA 31204
      View Details
    View Listing
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    Macon, GA 31204
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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