Technical
Financial
Distress signals
Property profile

5566 Thomaston Rd Macon, GA 31220

OFF-MARKET
Medical Office Space
Property ID
US22-2088509
22,640 SF 3.57 ac lot Built 2017
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a ±30,475 square foot, single-story medical office building located at 5566 Thomaston Rd, Macon, GA 31220, in Bibb County. The property, built in 2018 and renovated in 2022, sits on a 3.57-acre lot and boasts 140 designated parking spaces. Currently operating at 100% occupancy, the building serves as a U.S. Department of Veterans Affairs Community Based Outpatient Clinic (CBOC), providing comprehensive healthcare services to approximately 6,300 veterans annually, with around 20,000 visits per year. The lease, with a firm term extending to August 10, 2032, demonstrates a strong commitment from the VA. A significant ±5,432 square foot expansion, completed in 2022, added a dedicated mental health wing. The property features specialized areas for audiology, cardiology, dermatology, optometry, primary care, specialty care, and mental health services. The asking price is $9,317,600, representing a 7.50% cap rate with a net operating income (NOI) of $699,000. The property is zoned C-4, allowing for potential future expansion behind the existing structure. The lease commenced on August 11, 2022. This is a rare opportunity to acquire a high-performing, mission-critical asset with a long-term, secure lease.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2017
Total area 22,640 SF
Lot 3.57 ac (155,509 SF)
Zoning code C-4
APN K008-0215
UPID US22-2088509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Physician

Location

5566 Thomaston Rd Macon, GA 31220-8118
Macon metro Census 13608 MACON, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.31M
CAP Approach CAP
$4.67M
Comparable Approach Comparable
$4.26M
Blend (final) Blend
$7.75M

Owner & transaction history

since 2023
Last sale
$8.9M
7 recorded transactions
2023
Price N/A
2022
$8.9M
2022
Price N/A
2021
$250,000
2021
Price N/A
2018
Price N/A
2017
Price N/A

Zoning & alternative use

C-4 · Macon, GA
Zoning description

1 - 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 -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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