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    Savannah Historic District Mixed-Use Property Title is generated by Realmo AI

    1014 Abercorn Street, Savannah, GA 31401

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    For Sale
    $1,295,000

    MULTI_FAMILY - Other - Savannah, GA

    Property size:
    3,040 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $425/SF
    Added:
    Dec 19, 2025
    Days on Market:
    169
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 1014 Abercorn Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    TC-1
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5
    Parking features
    Off Street
    Interior features
    Pull Down Attic Stairs
    Exterior features
    Balcony
    Appliances
    Some Gas Appliances, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
    Standard status
    Active
    APN
    2004427012
    Size
    3,040 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Description
    NW PT LOT 18 WHITE WD PRB 39P 90,91

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Hardwood
    Building materials
    Brick
    Roof type
    Rubber, Rolled Hot Mop
    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Palmer
    Brent Palmer

    Listing agent Brent Palmer License #268312

    Listing office Waterline Real Estate Group 12 Silver Avenue Unit 103, Tybee Island, GA

    Listing date Dec 19, 2025

    MLS# SA345508 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Proven high‑performing short‑term vacation rental generating over $130,000 annual income.
    • TC‑1 zoning allows for flexible mixed‑use: residential, commercial, retail, office, and more.
    • Configured as a 5BR/3BA with two kitchens and two living rooms, suitable for large groups or multi‑family use.
    • Opportunity to live in one unit and rent the other, or create a work/live space.
    • Located in a highly walkable area of Savannah's Historic District, close to amenities.
    • Multiple income stream possibilities: STVR, separate rentals, or mixed‑use.

    Overview

    This 3040 square foot mixed-use property is located in Savannah's Historic District. Currently configured as a 5-bedroom, 3-bathroom unit by combining two distinct units, it features two full kitchens and two separate living rooms. The property generates over $130,000 annually as a short-term vacation rental. The ground-level unit is approved for retail or commercial use under TC-1 zoning and can be converted to a boutique, office, cafe, gallery, studio, or service-oriented business. The upper level remains residential, creating an opportunity for a live/work combination. TC-1 zoning supports a range of commercial, office, service, and residential uses. The property can continue operating as a short-term vacation rental, be separated for multiple income streams, be owner-occupied with leasing potential, or be repositioned as a mixed-use asset with commercial revenue below and residential income above. The property is located in a walkable setting near architecture, shopping, dining, cultural landmarks, and downtown amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Savannah Cabinet Shop General Contractor

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.094711
    Latitude
    32.064495

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    FAQs

    What type of property is this?
    Mixed-use property - High-income mixed-use property in Savannah's Historic District.
    Where is this mixed-use property located?
    The property is located at 1014 Abercorn Street Savannah, GA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Proven high‑performing short‑term vacation rental generating over $130,000 annual income.; TC‑1 zoning allows for flexible mixed‑use: residential, commercial, retail, office, and more.; Configured as a 5BR/3BA with two kitchens and two living rooms, suitable for large groups or multi‑family use.
    (912) 272-8489
    We can help!
    Listing Contact
    Brent Palmer
    Brent Palmer
    Real Estate License ID: 268312
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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.

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