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Property profile & analytics
FOR SALE
Office buildings
1213 Merchant Way Statesboro, GA 30458
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-3932881
No photos on file
For Sale
Contact for pricing
1213 Merchant Way, Statesboro, GA 30458
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
CONCRETE
Total area
9,216 SF
Lot
0.13 ac (5,663 SF)
Zoning code
PUD/CR
APN
MS74 -198A-10G
UPID
US22-3932881
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
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$965k
Owner & transaction history
D Clifton Remer · 19 yrs held
D Clifton Remer
since 2007
Last sale
$875,000
1 recorded transaction
Zoning & alternative use
PUD/CR · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
City of Statesboro
Top alternative use upside
Restaurant
$1.5M
+27.2%
Commercial (general)
$1.2M
+3.0%
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
Method
Estimation
Statistic approach
$960,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Current use
RESTAURANT
$1,485,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,205,000
Change: +3% · Conversion: Easy
RETAIL STORES
$1,035,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $875k (Jan 31 2020)
Last sale anchor
$875k
Jan 31 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
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
$9,750
Tax year 2023
Assessed value
$359,940
Assessed 2023
Previous assessed
$359,940
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$113,240
Assessed improvement
$246,700
Land market value
$283,100
Improvement market value
$616,751
Total market value
$899,851
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2007
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Total area
9,216 SF
Lot
0.13 ac (5,663 SF)
Zoning code
PUD/CR
APN
MS74 -198A-10G
UPID
US22-3932881
Jurisdiction
BULLOCH
Zoning & alternative use
PUD/CR · Statesboro, GAZoning PUD/CR · permitted uses
PUD/CR · Statesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
City of Statesboro
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Lot
0.13 ac
Current owner
From public records · entity-resolved
D Clifton Remer
Individual
Free & Clear · 19 yrs held
Mailing address
1819 WESTSIDE RD, STATESBORO, GA 30458-8634
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2007
—
D Clifton Remer
Not Provided
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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