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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Turn key restaurants
581 Northside E Dr Statesboro, GA 30458-2199
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-2449175
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Total area
62,218 SF
Lot
5.86 ac (255,262 SF)
Zoning code
CR
APN
MS72 -001-000
UPID
US22-2449175
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
-
EveryDay LLC Tutoring Service
-
Lucky Garden Restaurant Restaurant
-
Red Claw Juicy Seafood & Bar Restaurant
-
El Sombrero Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.55M
Blend (final)
Blend
$3.59M
Owner & transaction history
Storey Fam Ltd Ptshp Six Lllp · 7 yrs held
Storey Fam Ltd Ptshp Six Lllp
since 2019
5 recorded transactions
Zoning & alternative use
CR · 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
Blend value · Realmo final
$3.59M
Range $3.23M – $3.94M · ±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
$58 / 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
$15,682
Tax year 2023
Assessed value
$647,329
Assessed 2023
Previous assessed
$647,329
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$324,840
Assessed improvement
$322,489
Land market value
$812,100
Improvement market value
$806,222
Total market value
$1,618,322
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
1993
Heating
YES
Cooling
YES
Buildings
1
Total area
62,218 SF
Lot
5.86 ac (255,262 SF)
Zoning code
CR
APN
MS72 -001-000
UPID
US22-2449175
Jurisdiction
BULLOCH
Zoning & alternative use
CR · Statesboro, GA
Zoning CR · permitted uses
CR · 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.
Building & site characteristics
From public records
Year built
1993
Heating
YES
Cooling
Yes
Buildings
1
Lot
5.86 ac
Current owner
From public records · entity-resolved
Storey Fam Ltd Ptshp Six Lllp
Entity
Free & Clear · 7 yrs held
Mailing address
1190 INTERSTATE PKWY, AUGUSTA, GA 30909-6404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2019
—
Storey Fam Ltd Ptshp Six Lllp
Statesboro Unvi Vlg LLC
Warranty Deed
related
—
Mar 31, 2014
$1,800,000
Statesboro Univ Village LLC
Storey,m Bert
Warranty Deed
related
—
Mar 27, 2014
$1,800,000
2000 Lllp Hull
Excel Realty Trust-st LLC
Grant Deed
—
Mar 26, 2014
$1,800,000
Statesboro,university Village
Storey,m Bert
Grant Deed
—
Mar 25, 2014
$1,800,000
M Bert Storey
Realty Trust St INC
Grant Deed
—
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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