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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Garden apartment buildings
300 Jones Ml Rd Statesboro, GA 30458-4743
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US22-0616258
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
CONCRETE
Total area
52,320 SF
Lot
7.36 ac (320,602 SF)
Zoning code
R4
APN
MS83 -051-000
UPID
US22-0616258
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
-
The Farms at Mill Run Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$4.40M
Owner & transaction history
Mill Run Statesboro Apts LLC · 5 yrs held
Mill Run Statesboro Apts LLC
since 2021
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
R4 · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of establishing high density residential districts is to encourage the logical and timely development of land for apartment and other high density residential purposes
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
1,283.00 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.2M
+94.2%
Auto repair, garage
$5.9M
+86.8%
Commercial (general)
$5.5M
+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
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,180,000
Current use
RESTAURANT
$6,175,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,940,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,525,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$5,500,000
Change: +73% · Conversion: Moderate
RETAIL STORES
$4,030,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$3,840,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,775,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Dec 30 2024)
Last sale anchor
$4.40M
Dec 30 2024
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
$84 / 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
$58,653
Tax year 2023
Assessed value
$1,624,647
Assessed 2023
Previous assessed
$1,624,647
+0.0% YoY
Effective rate
3.61%
On assessed value
Assessed land
$305,320
Assessed improvement
$1,319,327
Land market value
$763,300
Improvement market value
$3,298,317
Total market value
$4,061,617
Applied tax rate
1.0000
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
1985
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Total area
52,320 SF
Lot
7.36 ac (320,602 SF)
Zoning code
R4
APN
MS83 -051-000
UPID
US22-0616258
Jurisdiction
BULLOCH
Zoning & alternative use
R4 · Statesboro, GAZoning R4 · permitted uses
R4 · Statesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of establishing high density residential districts is to encourage the logical and timely development of land for apartment and other high density residential purposes
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
1,283.00 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1985
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Buildings
2
Lot
7.36 ac
Current owner
From public records · entity-resolved
Mill Run Statesboro Apts LLC
Entity
Mailing address
73 KING CHARLES CIR, SUMMERVILLE, SC 29485-3406
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
$2,800,000
Mill Run Statesboro Apts LLC
Mill Run Apts Of Statesboro INC
Dual Purpose Document
related
$2,774,250 · Servisfirst Bk
—
—
Mill Run Apartments Of Statesb
—
Deed Of Trust
related
$858,316 · Charles Finch
—
—
Mill Run Apartments Of Stateshoro
—
Deed Of Trust
related
$1,111,904 · Charles L Finch
—
—
Mill Run Apartments Of Statesboro
—
Deed Of Trust
related
$549,219 · Charles L Finch
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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