Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    228 Lanier Dr, Unit 20 Statesboro, GA 30458
    Back to Search
    Property profile & analytics

    228 Lanier Dr, Unit 20, Statesboro, GA 30458

    View on Map
    • Garden apartment buildings
    • 10,360 SF
    • 0.66 lot acres
    Off-Market
    Property ID
    US22-2805138
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 228 Lanier Dr

    Year built
    1993
    Construction
    FRAME
    Lot size
    0.66 lot acres
    Zone code
    R4
    Property type
    Garden apartment buildings
    APN
    MS63 -014A-000
    APU
    MS63014A000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 7, 2016 — Asia World Co INC — Trustees Deed · related $2.3M · Farmers & Merchants Nat'l Bk
    Jan 7, 2005 $1,305,000 Asia World Co INC Inland Enterprises INC Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.7811
    Latitude
    32.4059
    CBSA code
    44340
    CBSA name
    STATESBORO, 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
    $3,673
    $36,480
    $198,010
    $234,490
    -
    $91,200
    $495,025
    $586,225

    Comparable in this City

    • Value Estimation by Request
      2,857 SF

      403 Knight Dr

      GARDEN APT, COURT APT (5+ UNITS)
      403 Knight Dr, Statesboro, GA 30458
      View Details
    • Value Estimation by Request
      3,240 SF

      119 Kent St, Unit 6

      GARDEN APT, COURT APT (5+ UNITS)
      119 Kent St, Statesboro, GA 30458-7609
      View Details
    • Value Estimation
      $530,000
      1,668 SF

      100 Bermuda Run

      GARDEN APT, COURT APT (5+ UNITS)
      100 Bermuda Run, Statesboro, GA 30458-6064
      View Details
    • Value Estimation by Request
      8,000 SF

      222 Lanier Dr

      GARDEN APT, COURT APT (5+ UNITS)
      222 Lanier Dr, Statesboro, GA 30458-3710
      View Details
    • Value Estimation
      $7,190,000
      6,912 SF

      210 Lanier Dr

      GARDEN APT, COURT APT (5+ UNITS)
      210 Lanier Dr, Statesboro, GA 30458-3750
      View Details
    • Value Estimation
      $945,000
      20,160 SF

      435 Main St

      GARDEN APT, COURT APT (5+ UNITS)
      435 Main St, Statesboro, GA 30458-5554
      View Details

    Similar Nearby for Sale

    • $3,000,000
      17,288 SF

      Statesboro Multifamily Investment Opportunity

      Newer 16-unit multifamily property near Georgia Southern University.
      93 Briarwood Rd, Statesboro, GA 30458
      View Details
    • New
      $3,000,000
      1.40 Acres

      Statesboro Multifamily Investment Opportunity

      Newer 16-unit multifamily property near Georgia Southern University.
      93 Briarwood Rd, Statesboro, GA 30458
      View Details
    • $1,499,900
      9,000 SF

      Mixed-Use Investment in Statesboro, GA

      Mixed-use property with commercial and residential units in high-demand area.
      1213 Merchant Way, Statesboro, GA 30458
      View Details
    • $229,000
      Pending

      Statesboro Multifamily Duplex Investment Opportunity

      Well-maintained duplex with strong rental income potential in Statesboro.
      315 Brannen St, Statesboro, GA 30458
      View Details
    • Contact for pricing
      9,000 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in high-demand area.
      1213 Merchant Way, Statesboro, GA 30458
      View Details
    • New
      $275,000
      0.37 Acres

      Statesboro Multi-Family Brick Home

      Built in 2021, leased, brick home near amenities.
      201 Zetterower Rd, Statesboro, GA 30458
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available, approximately 1,250 square feet.
      1200 Brampton Ave, Statesboro, GA 30458
      View Details
    • $2,300 /Mo
      2,100 SF

      Statesboro Office Space Available

      2,100 SF office space in Statesboro's Market District.
      112 Hill Pond Ln, Statesboro, GA 30458
      View Details
    • Contact for pricing

      Turn-Key Restaurant Opportunity in Statesboro

      Fully equipped restaurant for lease in the Blue Mile District.
      434 S Main St, Statesboro, GA 30458
      View Details
    • New
      $2,500 /Mo
      6,250 SF

      Prime Commercial Space on Northside Drive

      Versatile commercial units available for lease with high visibility.
      1196 Northside Dr E, Statesboro, GA 30458
      View Details
    • New
      $6,250 /Mo
      6,171 SF

      Statesboro Commercial Space For Rent

      Rare commercial opportunity on Northside Drive with high visibility.
      1196 Northside Dr E, Statesboro, GA 30458
      View Details
    • Contact for pricing
      36,000 SF

      Statesboro Warehouse Opportunity

      36,000 SF warehouse available for lease in Statesboro, Georgia.
      40 W Cherry St, Statesboro, GA 30458
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    228 Lanier Dr, Unit 20
    Statesboro, GA 30458
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    228 Lanier Dr, Statesboro, GA, 30458
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!