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Property profile & analytics

3706 Mercer University Dr Macon, GA 31204-4860

  • Retail space
  • 794 SF
  • 0.02 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US22-2358149
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

  • Lee Valet / Clothing Alteration Service
  • GlassWood Pipes - CBD Hemp & Pipe Shoppe / Store
  • Beyond Xclusive Beauty Bar and Weave Express / Hair Salon
  • The Wax Muse / Waxing Hair Removal Service
  • Paper Doll Boutique And Beauty Bar / Fashion Accessories Store

Property Details for 3706 Mercer University Dr

Year built
1989
Lot size
0.02 lot acres
Property size
794 SF
Zone code
C-2
Property type
Retail space
APN
M084-0247
APU
M0840247

Description

Mission Square, a 24,200 square foot, two-story shopping center in Macon, Georgia, presents a compelling value-add investment opportunity. This Fee Simple property, built in 1989, boasts a diverse tenant mix within its 27 units, including a dental office, hair salons, a barber shop, and a tattoo studio. Currently operating at 64% occupancy, the property generates a Net Operating Income (NOI) of $149,351, representing a 6.49% cap rate based on the $2,300,000 asking price. However, a pro-forma analysis projects a significantly higher NOI of $225,588 and a 9.81% cap rate, indicating substantial upside potential through increased occupancy and lease optimization. The property is situated at 3706 Mercer University Dr, Macon, GA 31204, in Bibb County, benefiting from high traffic counts (24,675 vehicles per day) on Mercer University Drive and a strong demographic base of 53,004 people within a three-mile radius. The property is zoned for commercial use and offers a gross lease structure. This Class B shopping center represents a rare chance to acquire a well-located retail asset with significant potential for growth and enhanced profitability. The property's location near several universities ensures long-term stability and consistent demand.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Macon
County
Bibb
State
Georgia
Longitude
-83.6982
Latitude
32.8217
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
$646
$1,600
$20,202
$21,802
-
$4,000
$50,504
$54,504
More about this property
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