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Property profile & analytics
OFF-MARKET
Garden apartment buildings
106 Savannah Ave Statesboro, GA 30458-2982
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US22-0446113
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2004
Construction
STEEL FRAME
Total area
4,318 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CBD
APN
S28-077-000
UPID
US22-0446113
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
-
Sugar Magnolia Bistro & Bar Restaurant
-
Eagle Creek Brewing Company Production Facility Brewery & Distillery
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
Gas Light Crossing LLC · 13 yrs held
Gas Light Crossing LLC
since 2013
4 recorded transactions
Zoning & alternative use
CBD · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the CBD district is to provide for the orderly development of a major business and commerce area of the city in accordance with the objectives, policies, and proposals of the comprehensive plan
Zone name
Central Business District
General category
COMMERCIAL
Zone area
98.66 ac
Source
Realmo
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 Statesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Statesboro 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
$10,188
Tax year 2023
Assessed value
$356,853
Assessed 2023
Previous assessed
$356,853
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$42,600
Assessed improvement
$314,253
Land market value
$106,500
Improvement market value
$785,633
Total market value
$892,133
Applied tax rate
1.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Total area
4,318 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CBD
APN
S28-077-000
UPID
US22-0446113
Jurisdiction
BULLOCH
Zoning & alternative use
CBD · Statesboro, GAZoning CBD · permitted uses
CBD · Statesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the CBD district is to provide for the orderly development of a major business and commerce area of the city in accordance with the objectives, policies, and proposals of the comprehensive plan
Zone name
Central Business District
General category
COMMERCIAL
Zone area
98.66 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Buildings
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Gas Light Crossing LLC
Entity
Mailing address
913 MONARCH CIR, STATESBORO, GA 30458-9197
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jan 22, 2013
$625,000
Gas Light Crossing LLC
Farmers & Merchants Bk
Grant Deed
$511,190 · Colony Bank
Jan 18, 2013
$625,000
Gas Light Crossing LLC
Farmers And Merchants Bank
Grant Deed
$511,191 · Colony Bank
May 11, 2011
$831,000
Farmers Bk
Pe Investments LLC
Trustees Deed
related
—
May 3, 2011
$831,000
Farmers And Merchants Bank
P E Investments LLC
Grant Deed
related
—
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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