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    Brokers
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    • Property Lookup
    • Brokers

    Ashley Smith, Savannah, GA

    License ID: GA 251860
    Years of Experience
    3
    Association
    Greater Greenville Association Of Realtors Inc

    Contact details

    Phone:
    (912) 662-8011
    Office Address:
    Po Box 269, Laurens, SC, 29360

    Performance

    Listings
    10
    Total transactions
    141
    Total transactions amount
    $25M
    Price range
    $8k - 623.5k
    Average price
    $177k

    Listings

    For Sale (5)

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    • Contact for pricing
      7,058 SF

      Savannah Office Building Investment

      Prime Savannah office building, high occupancy.
      125 Park Of Commerce Dr, Savannah, GA 31405
      View Details
    • $1,800,000
      1.00 Acre

      Prime Vidalia Commercial Land

      1-2.5 Acres, High Traffic Area
      1400 1St St, Vidalia, GA 30474
      View Details
    • Contact for pricing
      150.56 Acres

      Effingham County Land Development

      150 Acres, I-1 Zoning, Prime Location
      0 Little Mccall Rd, Guyton, GA 31329
      View Details
    • $5,500,000
      10,880 SF

      Savannah Downtown Commercial Duo

      Prime location, high traffic, restaurant & office space
      111 Martin Luther King Jr Blvd, Savannah, GA 31401
      View Details
    • Contact for pricing
      0.68 Acres

      Highway 67 Mixed-Use Land

      Prime Statesboro Commercial Land
      0 Ga-67, Statesboro, GA 30458
      View Details

    For Lease (5)

    View map
    • Contact for pricing
      2,600 SF

      Riverwalk Blvd Office Sublease

      Ridgeland, SC: ±2,600 SF Office Space
      122 Riverwalk Blvd, Ridgeland, SC 29936
      View Details
    • Contact for pricing
      40,000 SF

      Savannah Office Space: Eastern Wharf

      Prime Savannah Office Suites, 40,000 sqft
      250 Eastern Wharf Ave, Savannah, GA 31401
      View Details
    • Contact for pricing
      2,100 SF

      Savannah Riverfront Retail Space

      Prime Restaurant Space in New Hotel
      601 River St, Savannah, GA 31401
      View Details
    • Contact for pricing
      78,408 SF

      Highway 80 Statesboro Commercial Land

      0.9-acre commercial lot, high traffic, ideal retail.
      31408 Us Highway 80, Portal, GA 30458
      View Details
    • Contact for pricing
      55,560 SF

      Downtown Savannah Office Building

      Prestigious 10-story office space for lease
      24 Drayton St, Savannah, GA 31401
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Ashley Smith, Savannah, GA
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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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Ashley Smith, Savannah, GA
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