Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Garden apartment buildings
200 Caribe Ct Statesboro, GA 30458-3321
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0127640
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Construction
FRAME
Total area
22,740 SF
Lot
2.52 ac (109,771 SF)
Zoning code
R4
APN
MS52 -003-000
UPID
US22-0127640
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
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.13M
Owner & transaction history
Caribe Court Spe LLC · 3 yrs held
Caribe Court Spe LLC
since 2022
7 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
Top alternative use upside
Retail stores
$1.8M
+26.7%
Medical building
$1.7M
+20.7%
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
by Request
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,385,000
Current use
RETAIL STORES
$1,750,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$1,670,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,205,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10%
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
$50 / 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
$34,363
Tax year 2023
Assessed value
$913,640
Assessed 2023
Previous assessed
$1,200,000
-23.9% YoY
Effective rate
3.76%
On assessed value
Assessed land
$115,560
Assessed improvement
$798,080
Land market value
$288,900
Improvement market value
$1,995,201
Total market value
$2,284,101
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Total area
22,740 SF
Lot
2.52 ac (109,771 SF)
Zoning code
R4
APN
MS52 -003-000
UPID
US22-0127640
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2006
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Buildings
3
Lot
2.52 ac
Current owner
From public records · entity-resolved
Caribe Court Spe LLC
Entity
Mailing address
105 WHITEHEAD RD APT #15, ATHENS, GA 30606-1552
Ownership since
2022
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
Dec 20, 2022
—
Caribe Court Spe LLC
Better Life Real Estate LLC
Warranty Deed
—
Jun 29, 2022
$3,000,000
Better Life Real Estate LLC
Eco Partner Investments LLC
Warranty Deed
$1,850,000 · Coastal Equity Group
Jan 15, 2021
$2,350,000
Eco Partner Investments LLC
First & 10 Partnes LLC
Grant Deed
—
Mar 6, 2012
$1,629,000
First & 10 Partners LLC
Carolina Caribbean Inv Ptrs Ll
Grant Deed
related
$1,233,000 · United Community Bank
Dec 30, 2011
$1,629,000
First & 10 Partners LLC
Carolina Caribbean Investment Partners LLC
Grant Deed
related
$1,233,000 · United Community Bank
—
—
Carolina Caribbean Inv Ptrs Ll
—
Deed Of Trust
related
$1,120,000 · United Community Bank
—
—
First & 10 Partners LLC
—
Deed Of Trust
related
$1,081,929 · First Madison Bk&tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 200 Caribe Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
