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Property profile & analytics
OFF-MARKET
Estimated value
$7,740,000
Garden apartment buildings
201 Kroger Dr Richmond Hill, GA 31324-6578
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US22-3203953
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Total area
94,446 SF
Lot
9.77 ac (425,581 SF)
Zoning code
CITY
APN
053 004
UPID
US22-3203953
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
$7.74M
Owner & transaction history
Ways Station Apartments LP · 8 yrs held
Ways Station Apartments LP
since 2017
1 recorded transaction
Zoning & alternative use
CITY · Richmond Hill, GA
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 Richmond Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond Hill 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,430,000
Change: 0% · Conversion: Moderate
RESTAURANT
$11,730,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,790,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$9,460,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,565,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,400,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$7.74M
Range $6.97M – $8.51M · ±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
$82 / 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
$61,706
Tax year 2023
Assessed value
$2,594,280
Assessed 2023
Previous assessed
$2,594,280
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$421,840
Assessed improvement
$2,172,440
Land market value
$1,054,600
Improvement market value
$5,431,100
Total market value
$6,485,700
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
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
2018
Heating
NONE
Total area
94,446 SF
Lot
9.77 ac (425,581 SF)
Zoning code
CITY
APN
053 004
UPID
US22-3203953
Jurisdiction
BRYAN
Zoning & alternative use
CITY · Richmond Hill, GAZoning CITY · permitted uses
CITY · Richmond Hill, GA
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
$12.4M
RESTAURANT
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$9.8M
RETAIL STORES
Est. value
$9.5M
WAREHOUSE, STORAGE
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
NONE
Lot
9.77 ac
Current owner
From public records · entity-resolved
Ways Station Apartments LP
Entity
Mailing address
920 FLORENCE BLVD, FLORENCE, AL 35630-3731
Ownership since
2017
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
Nov 9, 2017
$998,000
Ways Station Apartments LP
Deagal LLC
Warranty Deed
$9,650,000 · Housing Authority Of Savannah Georgia
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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