Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,365,000
Hotels
401 Cotton Ave Macon, GA 31201-7344
Entity Owned
8-yr Hold
Free & Clear
Property ID
US22-2379562
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1941
Total area
69,260 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CBD-1
APN
Q074-0412
UPID
US22-2379562
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
-
Hightales Rooftop Bar Bar & Pub
-
Hightales Bar & Pub
-
Loom Restaurant
-
Reckon Coffee & Wine Bar Cafe & Coffee Shop
-
Hotel Forty Five, Macon, a Tribute Portfolio Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.75M
Comparable Approach
Comparable
$6.40M
Blend (final)
Blend
$6.37M
Owner & transaction history
Idp Cherry Holdings LP · 8 yrs held
Idp Cherry Holdings LP
since 2018
6 recorded transactions
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.9M
+60.7%
Neighborhood: shopping center
$5.8M
+4.7%
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%
$8,390,000
6.5%
$7,745,000
7%
$7,190,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,530,000
Current use
MEDICAL BUILDING
$8,885,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,790,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,255,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,245,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,840,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$4,465,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.37M
Range $5.73M – $7.00M · ±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
$92 / 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
$20,773
Tax year 2023
Assessed value
$4,259,405
Assessed 2023
Previous assessed
$4,259,405
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$178,190
Assessed improvement
$4,081,215
Land market value
$445,475
Improvement market value
$10,203,037
Total market value
$10,648,512
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1941
Heating
NONE
Stories
11
Total area
69,260 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CBD-1
APN
Q074-0412
UPID
US22-2379562
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
HOTEL/MOTEL Current
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.5M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1941
Heating
NONE
Stories
11
Lot
0.41 ac
Current owner
From public records · entity-resolved
Idp Cherry Holdings LP
Entity
Free & Clear · 8 yrs held
Mailing address
123 N PATTERSON ST APT B, VALDOSTA, GA 31601-5659
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
Macon Bibb County Urban Dev Authori
—
Deed
related
$21,770,000 · Idp Cherry Holdings LP
Sep 29, 2020
—
Idp Cherry Holdings LP
—
Deed
related
$3,500,000 · Newtown Loans LLC Newtown Loans LLC
Jan 11, 2019
—
Idp Cherry Holdings LP
—
Trustees Deed
related
$100,000 · Renasant Bk
Jun 8, 2018
$1,000,000
Idp Cherry Holdings LP
Macon-bibb Cnty Urban Dev Auth
Grant Deed
—
Aug 11, 2017
—
Macon-bibb Cnty Urban Dev Auth
Macon-bibb County
Quit Claim Deed
related
—
—
—
Idp Cherry Holdings LP
—
Deed Of Trust
related
$3,500,000 · Newtown Loans LLC Newtown Loans LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 401 Cotton Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
