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    6110 Burkhalter Rd Statesboro, GA 30458

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    6110 Burkhalter Rd Statesboro, GA 30458

    View on Map
    • Commercial real estate
    • 10.62 lot acres
    Off-Market
    Property ID
    US22-2346845
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6110 Burkhalter Rd

    Lot size
    10.62 lot acres
    Property type
    Commercial real estate
    APN
    MS88000014000, MS88000016000, MS88000015000

    Description

    This exceptional 10.62-acre commercial land parcel presents a remarkable investment opportunity in Statesboro, Georgia. Ideally situated in a high-traffic area, this property boasts an R-3 zoning designation, making it perfectly suited for a multi-family development project. Conveniently accessible via Highway 67 or Langston Chapel Road, this centrally located tract offers excellent visibility and accessibility. The property comprises three separate parcels (APN: MS88000014000, MS88000016000, MS88000015000) and currently features two older homes that would require removal prior to development. The asking price for this significant land holding is $1,710,500. This presents a unique chance to acquire a substantial piece of land in a thriving Georgia community, poised for significant growth and development. The property's location and zoning make it an attractive proposition for investors seeking to capitalize on the area's potential. Detailed site plans and further information are available upon request. Don't miss this opportunity to secure this prime commercial land in Statesboro. The address is 6110 Burkhalter Rd, Statesboro, GA 30458.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Statesboro
    County
    Bulloch
    State
    Georgia
    Longitude
    -81.7584278
    Latitude
    32.3954497

    Comparable in this City

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      Market District Lot For Sale

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      6.6 Acres in Statesboro, GA

      6.6-acre parcel with stocked pond near town.
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      0.21 Acres

      Statesboro Buildable Residential Lot

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      19.13 Acres

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      19.13 acres of undeveloped land perfect for building a home.
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      0.21 Acres

      Buildable Lot Near Georgia Southern

      Residential lot near Georgia Southern University with owner financing.
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      Highway 67 Commercial Land

      2+ acre commercial property with highway frontage in Statesboro, GA.
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    Similar Nearby for Sale

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      Pending

      Market District Lot For Sale

      Undeveloped 1.06 acre lot in high-traffic Market District.
      Brampton Ave, Statesboro, GA 30458
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    • $250,000
      6.60 Acres

      6.6 Acres in Statesboro, GA

      6.6-acre parcel with stocked pond near town.
      Country Club Rd, Statesboro, GA 30458
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      0.21 Acres

      Statesboro Buildable Residential Lot

      Buildable lot near Georgia Southern University with owner financing.
      12 Overland St, Statesboro, GA 30458
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    • $250,000
      19.13 Acres

      Undeveloped Land on Highway 301

      19.13 acres of undeveloped land perfect for building a home.
      19.13 Acres Hwy 301 N, Statesboro, GA 30458
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      0.21 Acres

      Buildable Lot Near Georgia Southern

      Residential lot near Georgia Southern University with owner financing.
      215 Reed St, Statesboro, GA 30458
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    • $379,900
      Pending

      Highway 67 Commercial Land

      2+ acre commercial property with highway frontage in Statesboro, GA.
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    Similar Nearby for Lease

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      Commercial Land on Highway 301

      Commercial land available for ground lease with highway frontage.
      9542 Us Highway 301, Statesboro, GA 30458
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      Land Available for Lease

      Land available for lease at 12139 US-301, Statesboro, GA.
      12139 Us Highway 301, Statesboro, GA 30458
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      Commercial Land For Lease

      Strategically located land with high visibility and convenient access.
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      Commercial Land on Highway 301

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      12147 Us Highway 301, Statesboro, GA 30458
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      Statesboro Office Space For Rent

      Recently renovated office space on South Main Street.
      313 S Main St, Statesboro, GA 30458
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    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      221-309 Tormenta Way, Statesboro, GA 30458
      View Details
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    6110 Burkhalter Rd
    Statesboro, GA 30458
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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