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Property profile & analytics
FOR LEASE
Grocery and convenience stores
722 Martin Luther King Jr Blvd Macon, GA 31201
Individually Owned
5-yr Hold
Free & Clear
Property ID
US22-2327082
For Lease
1 / 11
$8 SF/Yr
722 Martin Luther King Jr Blvd, Macon, GA 31201
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Property summary
AI-generated overview
This 3,131 square foot retail property at 722 Martin Luther King Jr Boulevard in Macon, Georgia, presents a unique investment opportunity. Built in 1954 and renovated in 1970, the building currently features a former convenience store space, an attached approximately 1,700 square foot open-air garage, and a second-level office space. The property sits on a 0.23-acre lot and is zoned CBD-2, offering flexibility for various uses. Possible uses include a convenience store, wholesale distribution center, or showroom/storage. Its prime location in downtown Macon offers excellent visibility and accessibility, situated approximately one mile from Interstate 16 and 1.2 miles from Interstate 75. The area boasts strong surrounding businesses, including Atrium Health Navicent, Wilson Bryant Heating & Air, Broadway Lofts, and several government agencies. Signage opportunities are available. The asking price is $450,000 ($143.72/sq ft). The property is also available for lease.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1954
Total area
5,023 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CBD-2
APN
R081-0073
UPID
US22-2327082
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
-
Georgian Insurance Group Insurance Agency
-
Western Union Bank Credit Union
-
Amazon Hub Locker - Tirsa Courier Service Postal 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
Rodney Collier · 5 yrs held
Rodney Collier
since 2020
Last sale
$143,000
4 recorded transactions
Zoning & alternative use
CBD-2 · Macon, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,858
Tax year 2023
Assessed value
$111,444
Assessed 2023
Previous assessed
$111,444
+0.0% YoY
Effective rate
3.46%
On assessed value
Assessed land
$68,680
Assessed improvement
$42,764
Land market value
$171,700
Improvement market value
$106,910
Total market value
$278,610
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Lease
Year built
1954
Heating
NONE
Stories
1
Total area
5,023 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CBD-2
APN
R081-0073
UPID
US22-2327082
Jurisdiction
BIBB
Zoning & alternative use
CBD-2 · Macon, GA
Zoning CBD-2 · permitted uses
CBD-2 · 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.
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Rodney Collier
Individual
Free & Clear · 5 yrs held
Mailing address
722 MARTIN LUTHER KING JR BLVD, MACON, GA 31201-3208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2021
—
Rodney Dewayne Collier
—
Deed
related
$136,901 · Morris Bank
Nov 16, 2020
—
Rodney Collier
Rodney Collier
Quit Claim Deed
related
—
Aug 15, 2017
$143,000
Rodney Collier
Souther,d Lance
Grant Deed
$143,000 · D Lance Souther
—
—
Billie J Heath
—
Loan Modification
related
$2,023 · Magnet Bank Fsb
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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