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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Investment properties
400 Poplar St Macon, GA 31201-3336
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US22-2372337
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,969 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CBD-1
APN
R081-0027
UPID
US22-2372337
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
-
Tedra Thomas Pediatrician Physician
-
College Hill Community College
-
Used Cars Donation Warehouse & Office Charitable Organization
-
First Choice Primary Care Medical Clinic
-
Poplar Street Farmers Market Specialty Food Shop Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$3.45M
Owner & transaction history
First Choice Primary Care INC · 7 yrs held
First Choice Primary Care INC
since 2019
3 recorded transactions
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+111.7%
Medical building
$3.6M
+69.3%
Neighborhood: shopping center
$2.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,405,000
6.5%
$4,065,000
7%
$3,775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,120,000
Current use
RESTAURANT
$4,485,000
Change: +112% · Conversion: Difficult
MEDICAL BUILDING
$3,590,000
Change: +69% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,340,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,125,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±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
$123 / 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
Assessed value
$1,521,435
Assessed 2023
Previous assessed
$1,521,435
+0.0% YoY
Assessed land
$168,388
Assessed improvement
$1,353,047
Land market value
$420,970
Improvement market value
$3,382,618
Total market value
$3,803,588
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
3
Total area
27,969 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CBD-1
APN
R081-0027
UPID
US22-2372337
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
$2.1M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
First Choice Primary Care INC
Entity
Mailing address
PO BOX 4363, MACON, GA 31208-4363
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
First Choice Primary Care INC
—
Deed
related
$755,700 · Renasant Bank
Apr 4, 2019
—
First Choice Primary Care INC
Macon Bibb County Industrial Author
Limited Warranty Deed
$2,500,000 · Renasant Bank
Jul 25, 2007
—
Willie J Battle
Bibb County Georgia
Grant Deed
related
—
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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