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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
496 2nd St Macon, GA 31201-2734
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-3965625
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Total area
5,052 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD-1
APN
Q074-0418
UPID
US22-3965625
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
-
Oliver's Corner Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$515k
Owner & transaction history
Poplar Corner LLC · 4 yrs held
Poplar Corner LLC
since 2021
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$810,000
+111.7%
Medical building
$650,000
+69.3%
Neighborhood: shopping center
$420,000
+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
$455,000
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$385,000
Current use
RESTAURANT
$810,000
Change: +112% · Conversion: Difficult
MEDICAL BUILDING
$650,000
Change: +69% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$420,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$385,000
Change: +0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$355,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$325,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $525k (Nov 22 2021)
Last sale anchor
$525k
Nov 22 2021
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
$102 / 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
$7,002
Tax year 2023
Assessed value
$1,065,017
Assessed 2023
Previous assessed
$1,065,017
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$21,120
Assessed improvement
$1,043,897
Land market value
$52,800
Improvement market value
$2,609,743
Total market value
$2,662,543
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
Heating
NONE
Stories
1
Total area
5,052 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD-1
APN
Q074-0418
UPID
US22-3965625
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
$385,000
RESTAURANT
Est. value
$810,000
MEDICAL BUILDING
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$420,000
INDUSTRIAL (GENERAL)
Est. value
$385,000
AUTO REPAIR, GARAGE
Est. value
$355,000
RETAIL STORES
Est. value
$325,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1920
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Poplar Corner LLC
Entity
Mailing address
496 2ND ST, MACON, GA 31201-2734
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$525,000
Poplar Corner LLC
496 Second LLC
Limited Warranty Deed
$431,327 · Cadence Bank NA
Jun 3, 2019
—
496 Second LLC
—
Deed
related
$132,515 · Cadence Bk NA
Nov 4, 2011
$182,000
496 Second LLC
New Cherry Dev Assocs LLC
Warranty Deed
$265,000 · State Bank & Trust
Nov 3, 2011
$182,000
496 Second LLC
New Cherry Development Associates LLC
Grant Deed
—
Feb 8, 2011
$55,000
G & A Central Georgia Props LLC
State Bk & Trust Co
Grant Deed
$46,096 · Capital City Bank
Mar 6, 2007
$175,000
New Cherry Dev Assocs LLC
Southern Land & Lumber Co
Warranty Deed
$148,000 · Atlantic Southern Bank
—
—
496 Second LLC
—
Loan Modification
related
$132,515 · Cadence Bk NA
—
—
496 Second LLC
—
Deed Of Trust
related
$100,000 · Middle Georgia Regional Commis
—
—
496 Second LLC
—
Loan Modification
related
$265,000 · State Bank & Trust
—
—
496 Second LLC
—
Loan Modification
related
$265,000 · State Bank & Trust
—
—
496 Second LLC
—
Loan Modification
related
$165,000 · State Bank & Trust
—
—
496 Second LLC
—
Loan Modification
related
$265,000 · State Bank & Trust
—
—
496 Second LLC
—
Loan Modification
related
$150,504 · 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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