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Property profile & analytics
OFF-MARKET
Banks
494 Monroe St Macon, GA 31201-6557
Entity Owned
12-yr Hold
Free & Clear
Property ID
US22-2433881
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
CONCRETE BLOCKS
Total area
600 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C-1
APN
Q073-0653
UPID
US22-2433881
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
-
HeritageBank of the South Bank Loan Service
-
Renasant Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
494 Monroe Street LLC · 12 yrs held
494 Monroe Street LLC
since 2014
5 recorded transactions
Zoning & alternative use
C-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District Chapter 7 - Rural Residential District Chapter 8 - R-1AAA and R-1AAAA Single Family Chapter 9 - R-1AA, R-1A, and R-1 Single Family Chapter 10 - R-2A and R-2 Two-Family Chapter 11 - R-3 Multifamily Chapter 12 - C-1 Neighborhood Commercial District Chapter 13 - C-2 General Commercial District Chapter 13A - CBD-1 Central Business District Chapter 13B -…
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
364.62 ac
Source
Planning & Zoning Commission
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,375
Tax year 2023
Assessed value
$147,693
Assessed 2023
Previous assessed
$147,693
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$73,181
Assessed improvement
$74,512
Land market value
$182,952
Improvement market value
$186,280
Total market value
$369,232
Applied tax rate
11.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Total area
600 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C-1
APN
Q073-0653
UPID
US22-2433881
Jurisdiction
BIBB
Zoning & alternative use
C-1 · Macon, GAZoning C-1 · permitted uses
C-1 · Macon, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District Chapter 7 - Rural Residential District Chapter 8 - R-1AAA and R-1AAAA Single Family Chapter 9 - R-1AA, R-1A, and R-1 Single Family Chapter 10 - R-2A and R-2 Two-Family Chapter 11 - R-3 Multifamily Chapter 12 - C-1 Neighborhood Commercial District Chapter 13 - C-2 General Commercial District Chapter 13A - CBD-1 Central Business District Chapter 13B - CBD-2 Central Business District Chapter 14 - C-4 Highway Commercial District Chap
Zone name
Neighborhood Commercial District
General category
COMMERCIAL
Zone area
364.62 ac
Source
Planning & Zoning Commission
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
494 Monroe Street LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1500 HILLCREST RD, NORCROSS, GA 30093-2617
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2014
—
494 Monroe Street LLC
Geeslin-wrigley Invs Lllp
Grant Deed
—
Jan 17, 2014
—
494 Monroe Street LLC
Geeslin Wrigley Investments Lllp
Grant Deed
related
—
Jun 27, 2012
$89,900
Geeslin-wrigley Invs Lllp
Atlantic Sthrn Bk
Grant Deed
—
Jun 26, 2012
$89,900
Wrigle Investments Lll Geeslin
Federal Deposit Insurance Corp
Grant Deed
—
Jun 26, 2012
$100
Wrigle Investments Lll Geeslin
Federal Deposit Insurance Corp
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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