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Property profile & analytics
OFF-MARKET
Office buildings
3006 Heritage NE Rd, Milledgeville, GA 31061-9819
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-2451966
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
WOOD
Total area
909 SF
Lot
0.03 ac (1,198 SF)
Zoning code
RESIDENTIAL
APN
M71 052C
UPID
US22-2451966
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
-
Merritt Massey - State Farm Insurance Agent Insurance Agency
-
Quay Fuller REALTOR Real Estate Agency
-
Kristin Villarreal, Fickling Lake Country Real Estate Agency
-
Dustin Faulkner: Allstate Insurance Insurance Agency
-
Karmyn Fuller, REALTOR® Real Estate Agency
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
Merritt & Jan Massey Family LLC · 3 yrs held
Merritt & Jan Massey Family LLC
since 2023
2 recorded transactions
Zoning & alternative use
RESIDENTIAL · Milledgeville, 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 Milledgeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milledgeville 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
$1,442
Tax year 2023
Assessed value
$40,480
Assessed 2023
Previous assessed
$40,480
+0.0% YoY
Effective rate
3.56%
On assessed value
Assessed land
$9,600
Assessed improvement
$30,880
Land market value
$24,000
Improvement market value
$77,200
Total market value
$101,200
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
909 SF
Lot
0.03 ac (1,198 SF)
Zoning code
RESIDENTIAL
APN
M71 052C
UPID
US22-2451966
Jurisdiction
BALDWIN
Zoning & alternative use
RESIDENTIAL · Milledgeville, GA
Zoning RESIDENTIAL · permitted uses
RESIDENTIAL · Milledgeville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milledgeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Merritt & Jan Massey Family LLC
Entity
Mailing address
3006 HERITAGE RD NE, MILLEDGEVILLE, GA 31061-9819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
—
Merritt & Jan Massey Family LLC
Victoria E Black
Warranty Deed
$75,000 · Exchange Bank
May 31, 2005
$75,000
Thomas M Hodell JR
Thomas M Hodell SR.
Deed
related
—
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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