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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Investment properties
440 Martin Luther King Jr Blvd Macon, GA 31201-7990
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-2376427
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1919
Total area
55,804 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD-1
APN
R073-0320
UPID
US22-2376427
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
-
Us Trustee Law Firm
-
1-800 Office Solutions Computer & Electronic Repair
-
Elite Environmental Services Commercial Cleaning Service Janitorial Service
-
Clark Nexsen Engineer Architect
-
Four Thirty Bar and Lounge Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.91M
Owner & transaction history
Ajmd Mlk LLC · 1 yrs held
Ajmd Mlk LLC
since 2025
6 recorded transactions
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.7M
+10.3%
Industrial (general)
$4.2M
+0.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,230,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,665,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,235,000
Change: +0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,900,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$3,595,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±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
$70 / 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
$51,048
Tax year 2023
Assessed value
$1,356,253
Assessed 2023
Previous assessed
$1,356,253
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$111,568
Assessed improvement
$1,244,685
Land market value
$278,920
Improvement market value
$3,111,712
Total market value
$3,390,632
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
1919
Heating
NONE
Cooling
YES
Stories
1
Total area
55,804 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD-1
APN
R073-0320
UPID
US22-2376427
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
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
1919
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Ajmd Mlk LLC
Entity
Mailing address
935 HUTCHINSON CT, BROOKLYN, NY 11223-3247
Ownership since
2025
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
Jan 29, 2025
—
Ajmd Mlk LLC
A J M D Macon LLC
Deed
$9,500,000 · Georgias Own Cu
Sep 4, 2020
—
Ajmd Macon LLC
—
Deed
related
$650,000 · Capital City Bank
Aug 31, 2018
—
A J M D Macon LLC
—
Deed
related
$50,000 · Capital City Bank
Dec 27, 2017
$3,600,000
A J M Macon LLC
Rcr Properties LLC
Warranty Deed
$2,880,000 · Capital City Bank
Dec 27, 2017
—
Macon-bibb Cnty Urban Dev Auth
Wells Fargo Bk NA
Quit Claim Deed
—
—
—
Technicon Properties LLC
—
Deed Of Trust
related
$2,695,898 · State Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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