150 Crest BlvdMacon, GA 31210

Property Details for 150 Crest Blvd

Year built

1995

Lot size

0.58 AC

Property size (Sq ft)

4,350 SF

Zone code

C-2

Property type

Office properties

APN

N041-0068

APU

N0410068

Description

This Macon, Georgia medical office building presents a compelling investment opportunity. The 5,600 square foot property is 100% occupied by BlueSprig Pediatrics, Inc., a leading ABA therapy provider with a corporate guarantee. The Net Lease structure features a 5-year lease commencing October 31, 2022, and expiring October 30, 2027, with two five-year renewal options. Rent bumps are structured at 1% in Option One and 5% in Option Two. The property boasts a strong 9.31% cap rate and a Net Operating Income (NOI) of $117,770. Built in 1995 and renovated in 2022, this single-tenant medical office is situated on a 0.58-acre lot at 150 N Crest Blvd, Macon, GA 31210. The property benefits from a strong demographic location within Macon, a city with a population exceeding 62,000 within a 10-mile radius. The area has experienced recent economic development, including housing growth and downtown revitalization. The tenant's strong financial backing and the rapidly growing ABA therapy industry contribute to the investment's stability and potential for long-term returns. The asking price is $1,265,000, translating to $225.89 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $553,294

  6.5%

  $510,733

  7%

  $474,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $848,511

  Geo Method

  $848,511

• Alternative Use

  Use

  Valuation

  Residential

  $633,309

  Hospitality

  $580,107

  Educational

  $482,643

  Medical

  $499,241

  Retail

  $750,777

Location Insight

City

Macon

County

Bibb

State

Georgia

Latitude

32.9036

Longitude

-83.6932

CBSA code

31420

CBSA name

MACON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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