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Property profile & analytics
OFF-MARKET
Garden apartment buildings
16 Mikell St 1 Statesboro, GA 30458-0769
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0736311
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
5,940 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R4
APN
S20-057-000
UPID
US22-0736311
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
Gerardo C Escutia · 5 yrs held
Gerardo C Escutia
since 2020
Last sale
$295,000
2 recorded transactions
Zoning & alternative use
R4 · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of establishing high density residential districts is to encourage the logical and timely development of land for apartment and other high density residential purposes
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
1,283.00 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
$3,479
Tax year 2023
Assessed value
$128,401
Assessed 2023
Previous assessed
$128,401
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$21,600
Assessed improvement
$106,801
Land market value
$54,000
Improvement market value
$267,003
Total market value
$321,003
Applied tax rate
8.0000
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
1970
Heating
YES
Cooling
YES
Total area
5,940 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R4
APN
S20-057-000
UPID
US22-0736311
Jurisdiction
BULLOCH
Zoning & alternative use
R4 · Statesboro, GAZoning R4 · permitted uses
R4 · 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 establishing high density residential districts is to encourage the logical and timely development of land for apartment and other high density residential purposes
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
1,283.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
YES
Cooling
Yes
Lot
0.33 ac
Current owner
From public records · entity-resolved
Gerardo C Escutia
Individual
Mailing address
109 BLACK OAK LN, PEMBROKE, GA 31321-6311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 2, 2020
$295,000
Gerardo C Escutia
Southgate Apartments LLC
Grant Deed
$265,500 · Morris Bk
Sep 11, 2009
—
Southgate Apartments LLC
Jimmy R Bragg
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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