Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8 College St Statesboro, GA 30458

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8 College St Statesboro, GA 30458

    View on Map
    • Commercial real estate
    • 0.28 lot acres
    Off-Market
    Property ID
    US22-2550773
    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 8 College St

    Lot size
    0.28 lot acres
    Zone code
    CBD
    Property type
    Commercial real estate
    APN
    S18-081-000
    APU
    S18081000

    Description

    This exceptional 0.05-acre commercial lot is located at 8 S College St, Statesboro, GA 30458 (APN: S19 000001 008) in the heart of the thriving West District. Priced at $175,000, this property presents a unique opportunity for entrepreneurs and investors seeking a prime location for their business ventures. Situated amidst a growing mix of residential, professional, and recreational areas, this lot offers unparalleled visibility and accessibility. Its strategic placement ensures high foot traffic and easy access for customers and employees. The land is ready for immediate development, making it an ideal canvas for a variety of commercial uses, including boutique shops, office spaces, or restaurants. This is a chance to establish a business in a vibrant and up-and-coming area of Statesboro, benefiting from the dynamic growth and energy of the West District. The lot's size, location, and asking price make it a compelling investment opportunity in a rapidly developing part of downtown Statesboro. Don't miss this chance to secure a piece of Statesboro's burgeoning commercial landscape.

    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
    -81.7853
    Latitude
    32.4497
    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
    $661
    $22,120
    $960
    $23,080
    -
    $55,300
    $2,400
    $57,700

    Comparable in this City

    • Value Estimation by Request
      1.06 Acres

      Brampton Ave

      Commercial real estate • 1.06 Acres
      Brampton Ave, Statesboro, GA 30458
      View Details
    • Value Estimation by Request
      0.68 Acres

      Ga-67

      Land • 0.68 Acres
      0 Ga-67, Statesboro, GA 30458
      View Details
    • Value Estimation by Request
      6.36 Acres

      Merchants Way

      COMMERCIAL (GENERAL) • 6.36 Acres
      Merchants Way, Statesboro, GA 30458
      View Details
    • Value Estimation by Request
      0.97 Acres

      314 Langston Chapel Rd E E Lot

      COMMERCIAL (GENERAL) • 0.97 Acres
      314 Langston Chapel Rd E E Lot, Statesboro, GA 30458-1500
      View Details
    • Value Estimation by Request
      0.12 Acres

      Lanier Dr

      COMMERCIAL (GENERAL) • 0.12 Acres
      Lanier Dr, Statesboro, GA 30458
      View Details
    • Value Estimation by Request
      1.62 Acres

      Myrtle Xing Dr

      COMMERCIAL (GENERAL) • 1.62 Acres
      Myrtle Xing Dr, Statesboro, GA 30458
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 67 Mixed-Use Parcels

      Mixed-use parcels available on Highway 67 ranging from 0.68-3.92 acres.
      Ga-67, Statesboro, GA 30458
      View Details
    • Contact for pricing
      1,164 SF

      Retail Space For Sale

      Retail space for sale with long-term lease and experienced operator.
      322 S Main St, Statesboro, GA 30458
      View Details
    • $1,200,000
      11,000 SF

      Downtown Statesboro Office Building

      11,000 SF office building in downtown Statesboro.
      115 Savannah Ave, Statesboro, GA 30458
      View Details
    • $149,000

      Statesboro Townhome Near Forest Heights

      Two-bedroom townhome in Forest Heights area with community pool.
      15 Woodrum Pl, Statesboro, GA 30458
      View Details
    • $575,000
      1.55 Acres

      Statesboro Commercial Land For Sale

      1.55 acre commercial lot with highway frontage in Statesboro.
      Stambuk Ln, Statesboro, GA 30458
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on Highway 301

      Commercial land available for ground lease with highway frontage.
      9542 Us Highway 301, Statesboro, GA 30458
      View Details
    • Contact for pricing

      Land Available for Lease

      Land available for lease at 12139 US-301, Statesboro, GA.
      12139 Us Highway 301, Statesboro, GA 30458
      View Details
    • $4,250 /Mo
      2,800 SF

      Statesboro Office Space For Rent

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

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      221-309 Tormenta Way, Statesboro, GA 30458
      View Details
    • Contact for pricing
      36,000 SF

      Statesboro Warehouse Opportunity

      36,000 SF warehouse available for lease in Statesboro, Georgia.
      40 W Cherry St, Statesboro, GA 30458
      View Details
    • Contact for pricing
      15,124 SF

      Retail Space in Eagle Point

      Retail space available in Eagle Point shopping center.
      1848 Northside Dr E, Statesboro, GA 30458
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8 College St
    Statesboro, GA 30458
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!