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    Property profile & analytics

    406 Institute St Statesboro, GA 30458-2720

    • Garden apartment buildings
    • 14,112 SF
    • 4.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 22, 2023
    $10,000
    Location Intelligence
    Property ID
    US22-2656483
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lodge of Statesboro / Hotel / Motel

    Property Details for 406 Institute St

    Year built
    1997
    Construction
    FRAME
    Lot size
    4.20 lot acres
    Property size
    14,112 SF
    Zone code
    R3/R4
    Property type
    Garden apartment buildings
    APN
    MS50 -050-001
    APU
    MS50050001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.7884
    Latitude
    32.4401
    CBSA code
    44340
    CBSA name
    STATESBORO, GA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,314
    $24,000
    $319,450
    $343,450
    -
    $60,000
    $798,625
    $858,625

    Comparable in this City

    • Value Estimation by Request
      2,857 SF

      403 Knight Dr

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    • Value Estimation by Request
      3,240 SF

      119 Kent St, Unit 6

      GARDEN APT, COURT APT (5+ UNITS) • 3,240 SF
      119 Kent St, Statesboro, GA 30458-7609
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    • Value Estimation by Request
      1,668 SF

      100 Bermuda Run

      GARDEN APT, COURT APT (5+ UNITS) • 1,668 SF
      100 Bermuda Run, Statesboro, GA 30458-6064
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    • Value Estimation
      $530,000
      8,000 SF

      222 Lanier Dr

      GARDEN APT, COURT APT (5+ UNITS) • 8,000 SF
      222 Lanier Dr, Statesboro, GA 30458-3710
      View Details
    • Value Estimation
      $7,540,000
      6,912 SF

      210 Lanier Dr

      GARDEN APT, COURT APT (5+ UNITS) • 6,912 SF
      210 Lanier Dr, Statesboro, GA 30458-3750
      View Details
    • Value Estimation
      $770,000
      20,160 SF

      435 Main St

      GARDEN APT, COURT APT (5+ UNITS) • 20,160 SF
      435 Main St, Statesboro, GA 30458-5554
      View Details

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    406 Institute St
    Statesboro, GA 30458-2720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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