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Property profile & analytics
OFF-MARKET
Commercial land
241 Martin Luther King Jr Dr Statesboro, GA 30458-5397
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-2089200
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Construction
STEEL FRAME
Total area
6,320 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CR
APN
S18-174-000
UPID
US22-2089200
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
by Request
Owner & transaction history
202 West Main Street LLC · 2 yrs held
202 West Main Street LLC
since 2024
Last sale
$310,000
7 recorded transactions
Zoning & alternative use
CR · Statesboro, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$808
Tax year 2023
Assessed value
$28,200
Assessed 2023
Previous assessed
$28,200
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$28,200
Land market value
$70,500
Total market value
$70,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
NONE
Total area
6,320 SF
Lot
0.47 ac (20,473 SF)
Zoning code
CR
APN
S18-174-000
UPID
US22-2089200
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.
Building & site characteristics
From public records
Year built
1950
Construction
STEEL FRAME
Heating
NONE
Lot
0.47 ac
Current owner
From public records · entity-resolved
202 West Main Street LLC
Entity
Mailing address
202 W MAIN ST, STATESBORO, GA 30458-5317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Whitfield Signs Holdings LLC
—
Deed
related
$370,000 · Morris Bank
Jul 16, 2024
$310,000
202 West Main Street LLC
Steven C Mascarello
Warranty Deed
$355,543 · Morris Bank
Feb 21, 2024
—
Whitfield Signs Holdings LLC
Open Hearts Community Mission INC
Warranty Deed
$260,000 · Morris Bank
Jul 30, 2021
—
Open Hearts Community Mission INC
Steven C Mascarello
Warranty Deed
—
Mar 1, 2019
$68,000
Open Hearts Cmnty Mission Inco
Mascarello,steven C & Brenda J
Warranty Deed
—
Aug 11, 2008
—
Steven C Mascarello
Not Provided
Deed
—
May 28, 2008
—
Steven C Mascarello
Not Provided
Deed
—
Jul 11, 2007
—
Steven C Mascarello
Not Provided
Deed
—
Mar 21, 2007
$130,000
Steven C Mascarello
Not Provided
Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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