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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1311 Cherry St Jesup, GA 31545-0614

    • Assisted living facilities
    • 17,195 SF
    • 4.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3296306
    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.

    Current Use by Public Records

    • Altamaha Healthcare Center / Nursing Home / Medical Center

    Property Details for 1311 Cherry St

    Year built
    1972
    Lot size
    4.19 lot acres
    Property size
    17,195 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    99B-24
    APU
    99B24

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jesup
    County
    Wayne
    State
    Georgia
    Longitude
    -81.8988
    Latitude
    31.6173
    CBSA code
    27700
    CBSA name
    JESUP, GA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,146
    $41,900
    $442,795
    $484,695
    -
    $104,750
    $1,106,987
    $1,211,737

    Comparable in this City

    • Value Estimation by Request
      11,624 SF

      3100 Savannah Hwy

      HOMES (RETIRED, NURSING) • 11,624 SF
      3100 Savannah Hwy, Jesup, GA 31545-5514
      View Details
    • Value Estimation
      $850,000
      33,040 SF

      150 Hinson Mosley Rd

      HOMES (RETIRED, NURSING) • 33,040 SF
      150 Hinson Mosley Rd, Jesup, GA 31545-6941
      View Details
    • Value Estimation
      $1,675,000
      420 SF

      331 Peachtree St

      MEDICAL BUILDING • 420 SF
      331 Peachtree St, Jesup, GA 31545-0245
      View Details
    • Value Estimation by Request
      2,560 SF

      391 1st St

      MEDICAL BUILDING • 2,560 SF
      391 1st St, Jesup, GA 31545-1132
      View Details
    • Value Estimation by Request
      3,383 SF

      117 Drennon Dr

      MEDICAL BUILDING • 3,383 SF
      117 Drennon Dr, Jesup, GA 31545-0011
      View Details
    • Value Estimation by Request
      3,998 SF

      370 Peachtree St

      MEDICAL BUILDING • 3,998 SF
      370 Peachtree St, Jesup, GA 31545-0244
      View Details

    Similar Nearby for Sale

    • $21,500,000
      33,500 SF

      Senior Living Facility in Jesup

      Senior living facility built in 2021 with expansion potential.
      150 Hinson Mosely Rd, Jesup, GA 31545
      View Details
    • $195,000
      20.10 Acres

      20 Acres of Unrestricted Land

      20.10 acres of raw, wooded land in Wayne County, Georgia.
      10235 Lanes Bridge Rd, Jesup, GA 31545
      View Details
    • $60,000
      0.86 Acres

      Riverfront Acreage in Jesup, Georgia

      0.86-acre riverfront property in Jesup, GA, ideal for building.
      2 Altamaha Rd, Jesup, GA 31545
      View Details
    • $592,345
      91.13 Acres

      91 Acres of Versatile Land

      91 acres of land planted in thriving loblolly pines.
      Oglethorpe Rd, Jesup, GA 31545
      View Details
    • Contact for pricing
      1.38 Acres

      Approved Mobile Home Lot

      1.38-acre lot approved for mobile home construction near Jesup.
      Killingsworth Rd, Jesup, GA 31545
      View Details
    • $50,000
      0.75 Acres

      Residential Lot Overlooking 55-Acre Lake

      0.75-acre residential lot in The Bluffs subdivision, Jesup, GA.
      200 Northshore Ave, Jesup, GA 31545
      View Details
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    1311 Cherry St
    Jesup, GA 31545-0614
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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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