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Property profile & analytics
OFF-MARKET
Commercial land
10796 Georgia Rd, Otto, NC 28763
Individually Owned
19-yr Hold
Free & Clear
Property ID
US53-1055094
Property summary
AI-generated overview
This is a 1.87+/- acre commercial land parcel located on Georgia Road in Otto, North Carolina, situated a short distance from the Georgia state line. The gently rolling lot features a billboard that has historically generated income. The property offers a commercial opportunity in a well-trafficked location.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1962
Total area
708 SF
Lot
1.87 ac (81,457 SF)
Zoning code
R
APN
6489827473
UPID
US53-1055094
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
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
Gerlad D Mellin · 19 yrs held
Gerlad D Mellin
since 2007
2 recorded transactions
Zoning & alternative use
R · Otto, NC
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 Otto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otto 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
$314
Tax year 2023
Assessed value
$92,670
Assessed 2023
Previous assessed
$85,150
+8.8% YoY
Effective rate
0.34%
On assessed value
Assessed land
$91,670
Assessed improvement
$1,000
Land market value
$91,670
Improvement market value
$1,000
Total market value
$92,670
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1962
Heating
YES
Rooms
4
Bathrooms
1
Total area
708 SF
Lot
1.87 ac (81,457 SF)
Zoning code
R
APN
6489827473
UPID
US53-1055094
Jurisdiction
MACON
Zoning & alternative use
R · Otto, NC
Zoning R · permitted uses
R · Otto, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Otto. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
YES
Rooms
4
Bathrooms
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Gerlad D Mellin
Individual
Free & Clear · 19 yrs held
Mailing address
10016 KINGFISHER RD E, BRADENTON, FL 34209-3104
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2007
$68,000
Gerlad D Mellin
Ralph M Pickens
Warranty Deed
—
Apr 4, 2007
—
Laureen E Greenwood
Jill Tate Keener
Warranty Deed
—
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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