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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Specialty properties
816 Main St, Statesboro, GA 30458-3476
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US22-2595326
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2013
Construction
WOOD
Total area
11,490 SF
Lot
10.01 ac (436,036 SF)
Zoning code
R4
APN
MS52 -026-000
UPID
US22-2595326
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
-
Monarch 301 Student Housing Center Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.44M
Owner & transaction history
Monarch 301 Apartments LLC · 11 yrs held
Monarch 301 Apartments LLC
since 2015
5 recorded transactions
Zoning & alternative use
R4 · Statesboro, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+43.5%
Auto repair, garage
$1.3M
+38.0%
Commercial (general)
$1.2M
+28.3%
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$945,000
Current use
RESTAURANT
$1,355,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,305,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,215,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$1,210,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$885,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$125 / 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
$434,829
Tax year 2023
Assessed value
$11,159,515
Assessed 2023
Previous assessed
$11,159,515
+0.0% YoY
Effective rate
3.90%
On assessed value
Assessed land
$920,680
Assessed improvement
$10,238,835
Land market value
$2,301,700
Improvement market value
$25,597,088
Total market value
$27,898,788
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
NONE
Buildings
5
Total area
11,490 SF
Lot
10.01 ac (436,036 SF)
Zoning code
R4
APN
MS52 -026-000
UPID
US22-2595326
Jurisdiction
BULLOCH
Zoning & alternative use
R4 · Statesboro, GA
Zoning R4 · permitted uses
R4 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$945,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$885,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2013
Construction
WOOD
Heating
NONE
Buildings
5
Lot
10.01 ac
Current owner
From public records · entity-resolved
Monarch 301 Apartments LLC
Entity
Mailing address
816 S MAIN ST, STATESBORO, GA 30458-3476
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Aug 5, 2016
—
Monarch 301 Apartments LLC
—
Deed
related
$23,500,000 · Greystone Svcg
Jan 29, 2015
$28,000,000
Monarch 301 Apartments LLC
Monarch 301 LLC
Grant Deed
related
$56,500,000 · Rcc R/e
Oct 27, 2011
$2,250,000
Monarch 301 LLC
Franklin,sue Ann
Grant Deed
—
Jun 18, 2009
—
Sue Ann Franklin
Pearl Collins Deal
Deed
—
—
—
Monarch 301 Apartments LLC
—
Deed Of Trust
related
$23,500,000 · Greystone Svcg
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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