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Property profile & analytics
OFF-MARKET
Estimated value
$4,235,000
Investment properties
382 Cherry St Macon, GA 31201-3348
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-2332765
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1918
Total area
33,850 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CBD-1
APN
R073-0317
UPID
US22-2332765
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
-
Sterchi Lofts Apartment Building
-
Sade’s Natural Hair Studio Hair Salon
-
POWER 107.1 Radio Station Telecommunications Service
-
Bluxe Beauty Bar and Salon (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.87M
CAP Approach
CAP
$4.92M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$4.24M
Owner & transaction history
Church & Law Properties LLC · 2 yrs held
Church & Law Properties LLC
since 2023
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+111.7%
Medical building
$4.3M
+69.3%
Neighborhood: shopping center
$2.8M
+10.3%
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
$4,070,000
ML approach
$3,870,000
CAP Approach
CAP Return
Estimation
6%
$5,330,000
6.5%
$4,920,000
7%
$4,570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,565,000
Current use
RESTAURANT
$5,430,000
Change: +112% · Conversion: Difficult
MEDICAL BUILDING
$4,340,000
Change: +69% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,830,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,570,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$4.24M
Range $3.81M – $4.66M · ±10% · vs last sale $4.65M (Nov 27 2023)
Last sale anchor
$4.65M
Nov 27 2023
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
$125 / 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
$60,833
Tax year 2023
Assessed value
$1,215,447
Assessed 2023
Previous assessed
$1,215,447
+0.0% YoY
Effective rate
5.00%
On assessed value
Assessed land
$68,630
Assessed improvement
$1,146,817
Land market value
$171,575
Improvement market value
$2,867,042
Total market value
$3,038,617
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1918
Heating
NONE
Cooling
YES
Stories
5
Total area
33,850 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CBD-1
APN
R073-0317
UPID
US22-2332765
Jurisdiction
BIBB
Zoning & alternative use
CBD-1 · Macon, GA
Zoning CBD-1 · permitted uses
CBD-1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.6M
RESTAURANT
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1918
Heating
NONE
Cooling
Yes
Stories
5
Lot
0.16 ac
Current owner
From public records · entity-resolved
Church & Law Properties LLC
Entity
Mailing address
115 COLLEGE STE, MACON, GA 31201
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$4,650,000
Church & Law Properties LLC
Emh Properties LLC
Limited Warranty Deed
$3,150,000 · Pines Willows Health Care LLC
Dec 7, 2012
—
Pine Willows Health Care INC
—
Trustees Deed
related
$1,200,000 · State Bank & Trust
Oct 23, 2012
$550,000
Pine Willows Health Care INC
Conners,ronald B
Grant Deed
—
Oct 18, 2012
$475,000
Ronald B Conners
Mid-state Childrens Challenge
Grant Deed
—
Oct 9, 2012
$475,000
Ronald B Conners
Mid State Childrens Challenge Propjects INC
Grant Deed
—
Oct 9, 2012
$550,000
Pine Willows Health Care INC
Conners,ronald B
Grant Deed
—
—
—
Pine Willows Health Care INC
—
Loan Modification
related
$1,202,814 · State Bk&tr
—
—
Pine Willows Health Care INC
—
Loan Modification
related
$1,200,000 · State Bk&tr
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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