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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
35 Main St Statesboro, GA 30458-1374
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US22-2123177
Property summary
AI-generated overview
This exceptional single-tenant office space, located at 35-1 East Main Street in the heart of Downtown Statesboro, is now available for lease, starting December 15th, 2024. Unit #1 offers 200-400 square feet of beautifully updated space, perfect for a small business or individual professional. Recent renovations include fresh paint and new flooring, creating a modern and inviting atmosphere. Enjoy the benefits of a private entry and exit, along with abundant natural light from a large window. The monthly rent of $750 includes electricity and water, providing significant cost savings. Shared amenities include a restroom, kitchenette, and a dedicated reception area. Ample parking is available for your convenience. This prime location places you within walking distance of numerous local coffee shops, restaurants, and other downtown businesses, fostering a vibrant and connected work environment. Two additional office spaces are also available for lease at a reduced monthly rate of $500. This is a rare opportunity to secure a desirable office space in a thriving downtown setting. Don't miss out on this chance to establish your business in the heart of Statesboro.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
5,180 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CBD
APN
S28-038-000
UPID
US22-2123177
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
-
Wells Fargo Advisors Financial Advisor
-
Tina's Barbershop Barber Shop
-
PC Depot IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Finer Design Studio Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$515k
Owner & transaction history
Long Co Ltd LLC · 2 yrs held
Long Co Ltd LLC
since 2024
Last sale
$515,000
4 recorded transactions
Zoning & alternative use
CBD · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$835,000
+43.7%
Commercial (general)
$675,000
+16.4%
Office building
$655,000
+13.0%
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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$580,000
Current use
RESTAURANT
$835,000
Change: +44% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$655,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Apr 1 2024)
Last sale anchor
$515k
Apr 1 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
$99 / 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
$4,805
Tax year 2023
Assessed value
$197,200
Assessed 2023
Previous assessed
$197,200
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$27,080
Assessed improvement
$170,120
Land market value
$67,700
Improvement market value
$425,300
Total market value
$493,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
YES
Cooling
YES
Buildings
1
Total area
5,180 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CBD
APN
S28-038-000
UPID
US22-2123177
Jurisdiction
BULLOCH
Zoning & alternative use
CBD · Statesboro, GA
Zoning CBD · permitted uses
CBD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$580,000
RESTAURANT
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$675,000
OFFICE BUILDING
Est. value
$655,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1920
Heating
YES
Cooling
Yes
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Long Co Ltd LLC
Entity
Mailing address
35 E MAIN ST, STATESBORO, GA 30458-1374
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$515,000
Long Co Ltd LLC
Vortexring LLC
Warranty Deed
$437,000 · Mount Vernon Bank
May 1, 2006
—
Vortexring
Not Provided
Deed
—
—
—
Vortexring LLC
—
Loan Modification
related
—
—
—
Vortexring LLC
—
Deed Of Trust
related
$400,000 · Branch Bk&tr
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.
Try Rey
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