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    102 Skye Dr Statesboro, GA 30458

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    102 Skye Dr Statesboro, GA 30458

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    • Commercial real estate
    • 1.62 lot acres
    Off-Market
    Property ID
    US22-2656954
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 102 Skye Dr

    Lot size
    1.62 lot acres
    Property type
    Commercial real estate
    APN
    MS03000001 000

    Description

    This exceptional 1.62-acre lot in Statesboro, Georgia, presents a prime opportunity for residential development. Located at 102 Skye Drive, this property boasts a convenient location, less than five minutes from the Forest Heights Country Club, offering residents proximity to recreational amenities. The land is zoned for residential use and is ready for immediate development, with utilities already in place. A pre-existing site plan envisions the construction of six luxurious two-bedroom townhomes, providing a blueprint for a high-end residential community. The APN is MS03000001 000. This parcel offers a unique chance to create a sophisticated residential development in a desirable location. The property's 1.62 acres provide ample space for the planned townhomes, ensuring privacy and comfortable living. The existing site plan streamlines the development process, minimizing delays and maximizing efficiency. The proximity to Forest Heights Country Club adds significant value, enhancing the appeal to potential buyers. This is an exceptional opportunity for developers seeking to create a premier residential destination in a thriving Georgia community. The asking price for this exceptional development opportunity is $395,000. The property is situated in Bulloch County, Georgia, with a zip code of 30458. The coordinates are 32.4398229 latitude and -81.84126 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.84126
    Latitude
    32.4398229

    Comparable in this City

    • Contact for pricing
      383,763 SF

      Prime Commercial Land Opportunity

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      Statesboro Commercial Land For Sale

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    • $3,000,000
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      New Townhomes in Statesboro, GA

      New construction townhomes near Georgia Southern University, ideal for investors.
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      $229,000
      Pending

      Statesboro Multifamily Duplex Investment Opportunity

      Well-maintained duplex with strong rental income potential in Statesboro.
      315 Brannen St, Statesboro, GA 30458
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    • $190,000
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      Statesboro Multi-Family Investment Opportunity

      Multi-family property with long rental history and current tenant.
      116 Gentilly Dr, Statesboro, GA 30458
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      Pending

      Market District Lot For Sale

      Undeveloped 1.06 acre lot in high-traffic Market District.
      Brampton Ave, Statesboro, GA 30458
      View Details

    Similar Nearby for Sale

    • New
      $1,500,000
      2.62 Acres

      Statesboro Commercial Land For Sale

      Two combined lots with frontage on Hwy 80.
      202 Lee St, Statesboro, GA 30458
      View Details
    • Contact for pricing
      383,763 SF

      Prime Commercial Land Opportunity

      8.81-acre commercial property with high visibility and accessibility.
      Briarwood Ln, Statesboro, GA 30458
      View Details
    • $190,000
      0.29 Acres

      Statesboro Multi-Family Investment Opportunity

      Multi-family property with long rental history and current tenant.
      116 Gentilly Dr, Statesboro, GA 30458
      View Details
    • $3,000,000
      17,288 SF

      New Townhomes in Statesboro, GA

      New construction townhomes near Georgia Southern University, ideal for investors.
      93 Briarwood Rd, Statesboro, GA 30458
      View Details
    • New
      $229,000
      Pending

      Statesboro Multifamily Duplex Investment Opportunity

      Well-maintained duplex with strong rental income potential in Statesboro.
      315 Brannen St, Statesboro, GA 30458
      View Details
    • Contact for pricing
      Pending

      Market District Lot For Sale

      Undeveloped 1.06 acre lot in high-traffic Market District.
      Brampton Ave, Statesboro, GA 30458
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on Highway 301

      Commercial land for rent with high traffic volume.
      12147 Us Highway 301, Statesboro, GA 30458
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      Commercial Land For Lease

      Strategically located land with high visibility and convenient access.
      95 Bel Air Dr, Statesboro, GA 30458
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      Commercial Land on Highway 301

      Commercial land available for ground lease with highway frontage.
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      Land Available for Lease

      Land available for lease at 12139 US-301, Statesboro, GA.
      12139 Us Highway 301, Statesboro, GA 30458
      View Details
    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available, approximately 1,250 square feet.
      1200 Brampton Ave, Statesboro, GA 30458
      View Details
    • $6,250 /Mo
      6,171 SF

      Statesboro Commercial Space For Lease

      Versatile 6,200 SF commercial space on Northside Drive.
      1196 Northside Dr E, Statesboro, GA 30458
      View Details
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    102 Skye Dr
    Statesboro, GA 30458
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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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