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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Turn key restaurants
470 Main St Statesboro, GA 30458-1404
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-2116312
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
STONE
Total area
5,165 SF
Lot
1.07 ac (46,609 SF)
Zoning code
HOC
APN
S22-006-000
UPID
US22-2116312
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
-
Statesboro Blue Mile Hospitality Food And Beverage Consultant
-
Gnat's Landing Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$625k
Owner & transaction history
Chapman Rentals LLC · 3 yrs held
Chapman Rentals LLC
since 2022
7 recorded transactions
Zoning & alternative use
HOC · Statesboro, 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 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
RESTAURANT
$835,000
Current use
COMMERCIAL (GENERAL)
$675,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$121 / 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
$11,803
Tax year 2023
Assessed value
$433,524
Assessed 2023
Previous assessed
$433,524
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$264,000
Assessed improvement
$169,524
Land market value
$660,000
Improvement market value
$423,810
Total market value
$1,083,810
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Construction
STONE
Heating
YES
Cooling
YES
Total area
5,165 SF
Lot
1.07 ac (46,609 SF)
Zoning code
HOC
APN
S22-006-000
UPID
US22-2116312
Jurisdiction
BULLOCH
Zoning & alternative use
HOC · Statesboro, GA
Zoning HOC · permitted uses
HOC · 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
RESTAURANT Current
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1955
Construction
STONE
Heating
YES
Cooling
Yes
Lot
1.07 ac
Current owner
From public records · entity-resolved
Chapman Rentals LLC
Entity
Mailing address
470 S MAIN ST, STATESBORO, GA 30458-1404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
441s Main LLC
—
Deed
related
$378,000 · Synovus Bank
Jan 9, 2025
—
441 S Main LLC
—
Deed
related
$1,751,000 · Synovus Bank
Aug 18, 2022
$23,400
Chapman Rentals LLC
Mayor And City Council Of Statesbor
Warranty Deed
$534,177 · Renasant Bank
Aug 10, 2022
—
Chapman Rentals LLC
Gnats Landing Of Statesboro LLC
Warranty Deed
—
Aug 5, 2021
$595,000
441 S Main LLC
Mid Town Holdings LLC
Deed
$505,750 · Mid Town Holdings
May 25, 2021
—
Chapman Rentals LLC
—
Deed
related
$604,179 · Renasant Bk
Oct 1, 2020
—
Chapman Rentals LLC
—
Deed
related
$325,472 · Renasant Bk
—
—
Chapman Rentals LLC
—
Deed Of Trust
related
$350,539 · Heritage Bk
—
—
Chapman Rentals LLC
—
Deed Of Trust
related
$325,472 · Renasant Bk
—
—
Chapman Rentals LLC
—
Deed Of Trust
related
$604,179 · Renasant 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.
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