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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4989 Mercer University Dr Macon, GA 31210-5681

    • Outlet malls
    • 13,750 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    Jan 02, 2020
    $600,000
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2339192
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Burgess Flooring & Design Center / Flooring Store / Carpet Store

    Property Details for 4989 Mercer University Dr

    Year built
    1989
    Lot size
    0.94 lot acres
    Property size
    13,750 SF
    Zone code
    PDE
    Property type
    Outlet malls
    APN
    L081-0102
    APU
    L0810102

    Description

    This exceptional 13,750 square foot storefront, situated on a 0.94-acre lot in Macon, Georgia, presents a compelling owner-user investment opportunity. Priced at $1,250,000 ($90.91 per square foot), this Class C retail property boasts a highly desirable location less than a mile from Interstate 475, ensuring excellent accessibility and visibility. Its strategic placement across from Capitol Cycle & Harley Davidson guarantees significant foot traffic and brand exposure. The functional layout includes three offices, two bathrooms, one interior roll-up door, and five exterior roll-up doors, catering to diverse operational needs. The property is zoned PDE and offers ample space for various retail or warehouse uses. This prime location at 4989 Mercer University Drive, Macon, GA 31210, near the signalized intersection of Mercer University Drive and Log Cabin Drive, promises substantial returns for a discerning investor seeking a high-traffic, easily accessible commercial property in a thriving area. The property's size and features make it ideal for business relocation or expansion. This is a rare opportunity to acquire a well-positioned, versatile commercial space in a dynamic market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $396,000
      Market price range: $269k - $1.01M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macon
    County
    Bibb
    State
    Georgia
    Longitude
    -83.7254
    Latitude
    32.8314
    CBSA code
    31420
    CBSA name
    MACON, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,245
    $104,728
    $274,912
    $379,640
    -
    $261,820
    $687,280
    $949,100

    Comparable in this City

    • Value Estimation by Request
      9,600 SF

      4280 Interstate Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 9,600 SF
      4280 Interstate Dr, Macon, GA 31210-6806
      View Details
    • Value Estimation
      $5,710,000
      88,509 SF

      6275 Zebulon Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 88,509 SF
      6275 Zebulon Rd, Macon, GA 31210-2066
      View Details
    • Value Estimation by Request
      11,500 SF

      119 Woodfield Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 11,500 SF
      119 Woodfield Dr, Macon, GA 31210-6206
      View Details
    • Value Estimation by Request
      12,600 SF

      129 Woodfield Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 12,600 SF
      129 Woodfield Dr, Macon, GA 31210-6201
      View Details
    • Value Estimation
      $620,000
      6,916 SF

      250 Tom Hl Sr Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,916 SF
      250 Tom Hl Sr Blvd, Macon, GA 31210-1815
      View Details
    • Value Estimation
      $7,300,000
      42,000 SF

      4858 Mercer University Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 42,000 SF
      4858 Mercer University Dr, Macon, GA 31210-5602
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7,163 SF

      Restaurant Building Near Interstate 75

      7,163 SF restaurant building located off I-75 in Macon, GA.
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    • $600,000
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      Retail Space Near I-75

      4,755 SF retail space for sale off I-75.
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    • $2,100,000
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      Macon Restaurant - $2.1M Asking

      Established Restaurant, High Traffic Area, I-75 Visibility
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    • $370,700
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      Macon, GA Development Land

      3.37 Acres, Prime Location
      4162 Sheraton Dr, Macon, GA 31210
      View Details
    • $75,000
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    Similar Nearby for Lease

    • Contact for pricing
      52,228 SF

      Plantation Village Retail Center

      Macon, GA Shopping Center Space Available
      6255 Zebulon Rd, Macon, GA 31210
      View Details
    • $32 SF/Yr
      14,000 SF

      Macon Retail Center - Bass Road

      14,000 SF Retail Space, Prime Location
      1448 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in North Macon Plaza

      Retail space available in a busy shopping center.
      1625 Bass Rd, Macon, GA 31210
      View Details
    • Contact for pricing
      4,061 SF

      Retail Space Available For Rent

      Retail space available for rent in Macon, Georgia.
      175-209 Tom Hill Sr Blvd, Macon, GA 31210
      View Details
    • Contact for pricing
      8,330 SF

      Retail Space Available For Lease

      Retail property available for lease in Macon, Georgia.
      169 Tom Hill Sr Blvd, Macon, GA 31210
      View Details
    • $12 SF/Yr
      1,200 SF

      Storefront Retail Space Available

      1,200 SF storefront retail space for lease.
      4406 Mercer University Dr, Macon, GA 31210
      View Details
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    Macon, GA 31210-5681
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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