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Property profile & analytics
FOR SALE
Hotels
427 S Main St Statesboro, GA 30458
Entity Owned
~
Est. High Equity
Property ID
US22-2133799
For Sale
Contact for pricing
427 S Main St, Statesboro, GA 30458
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
58,176 SF
Lot
2.1 ac (91,476 SF)
Zoning code
HOC
APN
S21-021-000
UPID
US22-2133799
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
-
Holiday Inn Express Statesboro, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
South Main Holiday LLC
South Main Holiday LLC
since 2026
7 recorded transactions
Zoning & alternative use
HOC · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HOC highway oriented commercial district is for establishments offering accommodations, supplies, or services to motorists, and for certain specialized uses such as retail outlets, extensive commercial amusements, and service establishments which, although serving the entire community and its trading area, do not and should not be encouraged in other ret…
Zone name
Highway Oriented Commercial
General category
COMMERCIAL
Zone area
512.29 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,000,000
Current use
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10%
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
$35 / 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
$95,405
Tax year 2023
Assessed value
$2,200,160
Assessed 2023
Previous assessed
$2,200,160
+0.0% YoY
Effective rate
4.34%
On assessed value
Assessed land
$376,000
Assessed improvement
$1,824,160
Land market value
$940,000
Improvement market value
$4,560,400
Total market value
$5,500,400
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
1997
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
1
Total area
58,176 SF
Lot
2.1 ac (91,476 SF)
Zoning code
HOC
APN
S21-021-000
UPID
US22-2133799
Jurisdiction
BULLOCH
Zoning & alternative use
HOC · Statesboro, GAZoning HOC · permitted uses
HOC · Statesboro, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HOC highway oriented commercial district is for establishments offering accommodations, supplies, or services to motorists, and for certain specialized uses such as retail outlets, extensive commercial amusements, and service establishments which, although serving the entire community and its trading area, do not and should not be encouraged in other retail commercial or nonretail commercial districts
Zone name
Highway Oriented Commercial
General category
COMMERCIAL
Zone area
512.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.0M
HOTEL/MOTEL Current
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
1997
Heating
ELECTRIC
Cooling
Yes
Buildings
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
South Main Holiday LLC
Entity
Mailing address
PO BOX 100, RICHMOND HILL, GA 31324-0100
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
$14,000,000
South Main Holiday LLC
Blue Mile Hospitality LLC
Warranty Deed
$105,000 · Morris Bank
Jan 2, 2020
—
Blue Mile Foundation INC
Blue Mile Hospitality LLC
Quit Claim Deed
related
—
Nov 14, 2019
—
Blue Mile Hospitality LLC
—
Deed
related
$7,280,199 · Morris Bk
Sep 17, 2019
—
Blue Mile Hospitality LLC
—
Deed
related
$6,816,176 · Synovus Bk
Jan 14, 2019
$4,375,000
Blue Mile Hospitality LLC
Cardinal Hospitality Statesbor
Grant Deed
$6,286,700 · Synovus Bk
—
—
Blue Mile Hospitality LLC
—
Deed Of Trust
related
$7,280,199 · Morris Bk
—
—
Blue Mile Hospitality LLC
—
Loan Modification
related
$6,816,176 · Synovus Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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