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    Starland Landmark Victorian For Sale Title is generated by Realmo AI

    11 E 41st Street, Savannah, GA 31401

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    Claim this Listing
    For Sale
    Under Contract
    $899,900

    SINGLE_FAMILY - Victorian - Savannah, GA

    Type:Retail
    Property size:
    1,782 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $504/SF
    Added:
    Jan 20, 2026
    Days on Market:
    135
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 11 E 41st Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    TC-1
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Interior features
    Fireplace
    Fireplace
    1
    Appliances
    Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Washer
    Standard status
    Active Under Contract
    APN
    20074 08003
    Size
    1,782 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    LOT 8 SOUTHVILLE WD

    Utilities

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

    Building Details

    Year built
    1915
    Floors in Building
    2
    Flooring type
    Hardwood, Wood
    Building materials
    Frame, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Victorian
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jessica L. Kelly
    Jessica L. Kelly

    Listing agent Jessica L. Kelly License #270287

    Listing office Engel & Volkers 1650 E Victory Drive, Savannah, GA

    Listing date Jan 20, 2026

    MLS# SA347239

    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

    • Iconic Starland landmark property, former home of the Starland Cafe, offered for the first time in decades.
    • Versatile TC‑1 zoning allows for food service, retail, office, or residential use.
    • Currently operating as a short‑term vacation rental apartment with a non‑owner occupied permit.
    • Located in the vibrant and creative Starland Neighborhood.
    • Includes several rear outbuildings offering additional flexibility and potential.
    • Victorian architectural style with original features, built in 1915, including a fireplace.

    Overview

    This iconic two-story Victorian property, formerly the Starland Cafe, is located in the Starland neighborhood. The building, with a size of 1782 square feet, served the Savannah community for over 20 years and played a foundational role in the revitalization of the Starland Neighborhood. The upper level currently functions as a comfortable short term vacation rental apartment with a non owner occupied permit in place. The property includes several rear outbuildings, offering additional flexibility and potential. The lot size is 0.06 acres. Zoned TC-1, the property allows for a wide range of uses including food service, retail, office, or residential. This property offers a rare chance to own a true Starland landmark in one of Savannah's most vibrant and creative neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Starland Cafe & Catering Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • John Davis Florist — 2430 Abercorn St, Savannah, GA 31401
    • Abercorn Florist — 2502 Abercorn St, Savannah, GA 31401
    • Ramelle's Florist — 2007 Abercorn St, Savannah, GA 31401
    • Ribbons and Roses — 2501 Montgomery St, Savannah, GA 31405

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.101094
    Latitude
    32.05338

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    FAQs

    What type of property is this?
    Storefront property - Iconic Starland property with diverse potential in vibrant Savannah neighborhood.
    Where is this storefront property located?
    The property is located at 11 E 41st Street Savannah, GA.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Iconic Starland landmark property, former home of the Starland Cafe, offered for the first time in decades.; Versatile TC‑1 zoning allows for food service, retail, office, or residential use.; Currently operating as a short‑term vacation rental apartment with a non‑owner occupied permit.
    (912) 441-9101
    We can help!
    Listing Contact
    Jessica L. Kelly
    Jessica L. Kelly
    Real Estate License ID: 270287
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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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