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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Garden apartment buildings
231 Main St 15 Statesboro, GA 30458-0700
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2184453
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1950
Total area
7,688 SF
Lot
0.61 ac (26,572 SF)
Zoning code
HOC
APN
S19-018-000
UPID
US22-2184453
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
Current use
Occupant on record · Public records
-
Mighty Man Fresh Produce Food Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$515k
Owner & transaction history
231 S Main Street LLC · 5 yrs held
231 S Main Street LLC
since 2021
3 recorded transactions
Zoning & alternative use
HOC · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HOC highway oriented commercial district is for establishments offering accommodations, supplies, or services to motorists, and for certain specialized uses such as retail outlets, extensive commercial amusements, and service establishments which, although serving the entire community and its trading area, do not and should not be encouraged in other ret…
Zone name
Highway Oriented Commercial
General category
COMMERCIAL
Zone area
512.29 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$810,000
+73.6%
Office building
$810,000
+72.9%
Retail stores
$590,000
+26.7%
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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$470,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$810,000
Change: +73% · Conversion: Moderate
RETAIL STORES
$590,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$410,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$67 / 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
$8,979
Tax year 2023
Assessed value
$375,780
Assessed 2023
Previous assessed
$375,780
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$80,800
Assessed improvement
$294,980
Land market value
$202,000
Improvement market value
$737,449
Total market value
$939,449
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
1950
Heating
HEAT PUMP
Cooling
YES
Total area
7,688 SF
Lot
0.61 ac (26,572 SF)
Zoning code
HOC
APN
S19-018-000
UPID
US22-2184453
Jurisdiction
BULLOCH
Zoning & alternative use
HOC · Statesboro, GAZoning HOC · permitted uses
HOC · Statesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HOC highway oriented commercial district is for establishments offering accommodations, supplies, or services to motorists, and for certain specialized uses such as retail outlets, extensive commercial amusements, and service establishments which, although serving the entire community and its trading area, do not and should not be encouraged in other retail commercial or nonretail commercial districts
Zone name
Highway Oriented Commercial
General category
COMMERCIAL
Zone area
512.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$810,000
OFFICE BUILDING
Est. value
$810,000
RETAIL STORES
Est. value
$590,000
MEDICAL BUILDING
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$410,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1950
Heating
HEAT PUMP
Cooling
Yes
Lot
0.61 ac
Current owner
From public records · entity-resolved
231 S Main Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
107 N REINO RD #232, NEWBURY PARK, CA 91320-3710
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
—
231 S Main Street LLC
Beyond Jpr Properties LLC
Warranty Deed
—
Mar 10, 2020
$450,000
Beyond Jpr Properties LLC
English-double Rentals LLC
Grant Deed
—
—
—
English-double Rentals LLC
—
Loan Modification
related
$554,546 · Bank Of Newington
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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