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Property profile & analytics
FOR LEASE
Office Spaces
577 Mulberry St Macon, GA 31201
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-2374001
For Lease
1 / 43
$18 SF/Yr
577 Mulberry St, Macon, GA 31201
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Property summary
AI-generated overview
The Fickling Building, a Class A, 15-story office building totaling 165,000 square feet, offers exceptional office space in Macon's vibrant Central Business District. Located at 577 Mulberry Street, at the intersection of Mulberry and Second Streets, this prime location provides convenient access to the Bibb County Courthouse, Bibb County Tag Office, the Federal Courthouse, the Grand Opera House, and numerous banks, credit unions, and restaurants. The building boasts 466 parking spaces and elevators for easy accessibility. Multiple tenancy options are available, with spaces ranging from a minimum of 582 square feet to a maximum contiguous space of 13,086 square feet. Currently, 51,665 square feet of space is vacant, presenting a unique opportunity for businesses seeking flexible and modern office solutions. Built in 1969, this iconic building offers both executive and creative office sub-types, catering to a diverse range of professional needs. Its central location in Downtown Macon ensures high visibility and easy access to a variety of amenities. The building's strategic position within the city's core makes it an ideal location for businesses seeking a prestigious and convenient address. Nine spaces are currently available.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1968
Total area
246,724 SF
Lot
0.75 ac (32,670 SF)
Zoning code
CBD-1
APN
R073-0184
UPID
US22-2374001
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
-
J. Ellsworth Hall, IV Law Firm
-
Senior Wyze Senior Care & Assisted Living Macon GA Nursing Home Retirement Community
-
House Jr Mitchel P Law Firm
-
ICB Construction Group General Contractor
-
Stifel Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.51M
Blend (final)
Blend
$15.90M
Owner & transaction history
Ajs Farms LLC · 2 yrs held
Ajs Farms LLC
since 2023
7 recorded transactions
Zoning & alternative use
CBD-1 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$20.6M
+10.3%
Industrial (general)
$18.7M
+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)
$18,690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$20,620,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,725,000
Change: +0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,245,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$15,905,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$15.90M
Range $14.31M – $17.49M · ±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
$64 / 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
$135,392
Tax year 2023
Assessed value
$5,414,920
Assessed 2023
Previous assessed
$5,414,920
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$210,200
Assessed improvement
$5,204,720
Land market value
$525,500
Improvement market value
$13,011,800
Total market value
$13,537,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1968
Heating
NONE
Buildings
2
Stories
1
Total area
246,724 SF
Lot
0.75 ac (32,670 SF)
Zoning code
CBD-1
APN
R073-0184
UPID
US22-2374001
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
$18.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
INDUSTRIAL (GENERAL)
Est. value
$18.7M
AUTO REPAIR, GARAGE
Est. value
$17.2M
RETAIL STORES
Est. value
$15.9M
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
1968
Heating
NONE
Stories
1
Buildings
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Ajs Farms LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5638TH FULTON ML RD, LIZELLA, GA 31052-5110
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
$5,912
Ajs Farms LLC
Estate Of Ray E Long
Quit Claim Deed
related
—
Sep 1, 2016
—
577 Mulberry Street LLC
—
Deed
related
$6,400,000 · Miscellaneous Ins Co
Jul 27, 2016
—
577 Mulberry Street LLC
Suntrust Equipment Fin & Leasi
Quit Claim Deed
related
—
Jul 22, 2016
—
577 Mulberry Street LLC
Level 3 Communications LLC
Quit Claim Deed
related
—
Aug 15, 2007
—
577 Mulberry Street LLC
Suntrust Bank Middle Ga NA
Quit Claim Deed
related
—
—
—
577 Mulberry Street LLC
—
Deed Of Trust
related
$7,250,000 · * Other Institutional Lenders
—
—
577 Mulberry Street LLC
—
Deed Of Trust
related
$6,400,000 · Miscellaneous Ins Co
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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