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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Motels
129 Water St Bainbridge, GA 39817-3661
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-3682792
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1938
Construction
TYPE NOT SPECIFIED
Total area
6,500 SF
Lot
0.14 ac (6,098 SF)
APN
B0250-061-003
UPID
US22-3682792
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
-
The Willis Park Hotel Hotel & Motel
-
Cafe Sinclair Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Serendipity 1023 LLC · 3 yrs held
Serendipity 1023 LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
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 Bainbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge 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
$1,415,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Change: 0% · Conversion: Difficult
RESTAURANT
$930,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±10% · vs last sale $1.40M (May 23 2023)
Last sale anchor
$1.40M
May 23 2023
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
$218 / 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
$4,757
Tax year 2023
Assessed value
$154,249
Assessed 2023
Previous assessed
$154,249
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$7,397
Assessed improvement
$146,852
Land market value
$18,493
Improvement market value
$367,131
Total market value
$385,624
Applied tax rate
2.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1938
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,500 SF
Lot
0.14 ac (6,098 SF)
APN
B0250-061-003
UPID
US22-3682792
Jurisdiction
DECATUR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$935,000
RESTAURANT
Est. value
$930,000
COMMERCIAL (GENERAL)
RESTAURANT
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
1938
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Serendipity 1023 LLC
Entity
Mailing address
117 LONGTAIL DR, SUFFOLK, VA 23435-4120
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Serendipity 1023 LLC
—
Deed
related
$344,000 · Dan Farms
Mar 25, 2024
—
Serendipity 1023 LLC
—
Deed
related
$1,070,000 · Family Bank
May 23, 2023
$1,400,000
Serendipity 1023 LLC
The Willis Park Hotel LLC
Warranty Deed
$1,417,000 · Quest Trust
Jul 28, 2021
—
The Willis Park Hotel LLC
—
Deed
related
$595,000 · First Port City Bank
Jul 6, 2020
—
The Willis Park Hotel LLC
—
Deed
related
$468,979 · First National Bank Of Decatur County
Jun 13, 2019
—
The Willis Park Hotel LLC
Tyler S Thomas
Warranty Deed
—
Jul 13, 2018
$35,000
Tyler S Thomas
Downtown Development Authority Of B
Warranty Deed
$35,000 · Family Bank
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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