Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    229 Zetterower Ave Statesboro, GA 30458-4624

    • Outlet malls
    • 2,904 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Apr 08, 2021
    $70,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2152550
    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.

    Current Use by Public Records

    • White's Sheet Metal Co / Production Facility / Metal Fabrication Plant

    Property Details for 229 Zetterower Ave

    Year built
    1957
    Construction
    STEEL FRAME
    Lot size
    0.17 lot acres
    Property size
    2,904 SF
    Zone code
    LI
    Property type
    Outlet malls
    APN
    S38-012-000
    APU
    S38012000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.7774
    Latitude
    32.4569
    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
    $829
    $8,160
    $21,853
    $30,013
    -
    $20,400
    $54,633
    $75,033

    Comparable in this City

    • Value Estimation by Request
      5,040 SF

      29 Walnut St

      WHOLESALE OUTLET, DISCOUNT STORE • 5,040 SF
      29 Walnut St, Statesboro, GA 30458-5308
      View Details
    • Value Estimation by Request
      960 SF

      220 Davis St

      WHOLESALE OUTLET, DISCOUNT STORE • 960 SF
      220 Davis St, Statesboro, GA 30458-4625
      View Details
    • Value Estimation by Request
      4,644 SF

      450 Mathews Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 4,644 SF
      450 Mathews Rd, Statesboro, GA 30458-4145
      View Details
    • Value Estimation by Request
      1,021 SF

      1950 Hood Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,021 SF
      1950 Hood Rd, Statesboro, GA 30458
      View Details
    • Value Estimation by Request
      3,000 SF

      Zetterower Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 3,000 SF
      Zetterower Ave, Statesboro, GA 30458
      View Details
    • Value Estimation
      $910,000
      9,000 SF

      504 Northside E Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 9,000 SF
      504 Northside E Dr, Statesboro, GA 30458-2191
      View Details

    Similar Nearby for Sale

    • $4,000,000
      1.33 Acres

      Statesboro Hotel - Main Street Investment

      Profitable Hotel Near University, Recently Renovated
      316 Main St, Statesboro, GA 30458
      View Details
    • Contact for pricing
      8.81 Acres

      Statesboro Commercial Land - 8.81 Acres

      High-traffic, mixed-use development opportunity.
      0 Briarwood Ln, Statesboro, GA 30458
      View Details
    • $1,200,000
      12,000 SF

      Warehouse with Highway Commercial Zoning

      Warehouse with living suite on 5.38 acres for sale.
      9990 Highway 67, Statesboro, GA 30458
      View Details
    • $2,800,000
      13,000 SF

      Statesboro Retail Center - High Traffic Area

      Prime Retail Space, 13,000 SF, 4 Acres
      17067 Hwy 67 Hwy, Statesboro, GA 30458
      View Details
    • $1,945,000
      14,000 SF

      Statesboro Commercial Gem

      Downtown mixed-use investment opportunity
      4 Proctor St, Statesboro, GA 30458
      View Details
    • $275,000
      1,800 SF

      Statesboro Commercial Property - High Growth Area

      Prime Commercial Space, High-Traffic Location, Huge Potential.
      8090 Nevils Groveland Rd, Statesboro, GA 30458
      View Details

    Similar Nearby for Lease

    • $1.37 SF/Yr
      8,060 SF

      Retail Space in Eagle Point

      Retail space available in Eagle Point shopping center.
      1848 Northside Dr E, Statesboro, GA 30458
      View Details
    • Contact for pricing
      54,146 SF

      Statesboro Mall Retail Spaces Available

      Prime Retail Space, Multiple Sizes Available
      325 Northside Dr, Statesboro, GA 30458
      View Details
    • $2,650 /Mo
      1,200 SF

      Remodeled Downtown Statesboro Commercial Space

      Charming, updated space with energy-efficient features and private parking.
      28 S Zetterower Ave, Statesboro, GA 30458
      View Details
    • Contact for pricing
      37,464 SF

      University Station Retail Space

      Statesboro, GA: Prime Retail Opportunity
      221-309 Tormenta Way, Statesboro, GA 30458
      View Details
    • Contact for pricing
      78,408 SF

      Highway 80 Statesboro Commercial Land

      0.9-acre commercial lot, high traffic, ideal retail.
      31408 Us Highway 80, Portal, GA 30458
      View Details
    • $4,250 /Mo
      2,800 SF

      Statesboro Office Space For Rent

      Recently renovated office space on South Main Street.
      313 S Main 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.
    229 Zetterower Ave
    Statesboro, GA 30458-4624
    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

    Google sign-in failed. Please try again or use another login method.