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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Garden apartment buildings
215 College St 6 Statesboro, GA 30458-5250
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-2050820
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
STEEL FRAME
Total area
5,152 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CR
APN
S19-069-000
UPID
US22-2050820
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
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Tactical Investment Tenant Solution · 5 yrs held
Tactical Investment Tenant Solution
since 2021
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
CR · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$610,000
+94.2%
Auto repair, garage
$585,000
+86.8%
Commercial (general)
$545,000
+73.6%
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
$490,000
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$610,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$585,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$540,000
Change: +73% · Conversion: Moderate
RETAIL STORES
$395,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$380,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $610k (Feb 2 2025)
Last sale anchor
$610k
Feb 2 2025
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
$103 / 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
$4,133
Tax year 2023
Assessed value
$112,201
Assessed 2023
Previous assessed
$112,201
+0.0% YoY
Effective rate
3.68%
On assessed value
Assessed land
$23,400
Assessed improvement
$88,801
Land market value
$58,500
Improvement market value
$222,003
Total market value
$280,503
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
1960
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
5,152 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CR
APN
S19-069-000
UPID
US22-2050820
Jurisdiction
BULLOCH
Zoning & alternative use
CR · Statesboro, GA
Zoning CR · permitted uses
CR · Statesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Statesboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$545,000
OFFICE BUILDING
Est. value
$540,000
RETAIL STORES
Est. value
$395,000
MEDICAL BUILDING
Est. value
$380,000
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1960
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
0.26 ac
Current owner
From public records · entity-resolved
Tactical Investment Tenant Solution
Entity
Mailing address
312 CHASE LN, MARIETTA, GA 30068-3516
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
$285,000
Tactical Investment Tenant Solution
Robert Larry Allen
Warranty Deed
$277,720 · Morris Bank
Apr 24, 2009
$210,000
Robert Larry Allen
Ib Property Holdings LLC
Deed
$178,820 · Sea Island Bank
Dec 2, 2008
—
Robert Larry Allen
Not Provided
Deed
—
May 28, 2007
—
Robert Larry Allen
Not Provided
Deed
—
Nov 23, 2005
$210,000
Jimmy D Watts
Jeffrey C Couper
Deed
$221,250 · First National Bank
—
—
Robert L Allen
—
Deed Of Trust
related
$181,707 · Synovus Bk
—
—
Robert L Allen
—
Deed Of Trust
related
$200,000 · Branch Bk&tr
—
—
Robert L Allen
—
Deed Of Trust
related
$442,552 · Synovus Bk
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
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