Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1500 Damon St Savannah, GA 31415

    Sponsored
    For Sale
    Pending
    $165,000

    LAND - Savannah, GA

    Lot size:
    0.16 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 28 at 4:06 am

    Property Features for 1500 Damon St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    RM25
    APN
    2002109004
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Ilonia R. Mitchell
    Ilonia R. Mitchell

    Scott Realty Professionals (912) 349-7766

    Listing agent Ilonia R. Mitchell (912) 349-7766 License #356382

    Listing date Feb 25, 2026

    MLS# SA346705

    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.

    Learn more

    Property Insight Report

    Overview

    Savannah Land Near Downtown

    This sale encompasses three lots, identified by parcel numbers 20021 09004, 20021 09003, and 20021 09002, offered at a single price. The dimensions of the lots are 60 x 112.62, 75 x 112.62, and 75 x 112.62 respectively. Situated minutes from Historic Downtown Savannah, SCAD, and the Savannah Ports, the location is suitable for new construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale 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
    -81.117479
    Latitude
    32.090189

    Nearby Similar for Sale

    • $465,000
      1,925 SF

      Savannah Office Building on Derenne

      Office building with redevelopment potential on busy E. Derenne Ave.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • New
      $749,900
      4,214 SF

      Park South Office Complex Condominium

      Office condominium space in high-traffic Savannah location.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • New
      $300,000
      1,648 SF

      Two-Level Office Condominium Opportunity

      Unique office condo in high-traffic Savannah location.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • $395,000
      980 SF

      Retail Property Near Georgia Ports

      Retail property with garage near Georgia Ports Authority.
      153 Main St, Savannah, GA 31408
      View Details
    • $999,900
      3,708 SF

      Victorian Building in Savannah's Victorian District

      Two-level property suitable for professional or commercial use.
      420 E Bolton St, Savannah, GA 31401
      View Details
    • New
      $775,000
      1,740 SF

      Victory Drive Commercial Building For Sale

      1,740 SF commercial building with high visibility and frontage.
      3021 E Victory Dr, Savannah, GA 31404
      View Details
    • $465,000
      1,925 SF

      Savannah Office Building on Derenne

      Office building with redevelopment potential on busy Derenne Avenue.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • $799,000
      3,370 SF

      Waters Avenue Retail Opportunity

      Retail property on Waters Avenue with high visibility and accessibility.
      6228 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • $845,000
      6,000 SF

      Versatile Commercial Space on Skidaway Road

      High-traffic location suitable for retail, office, or light commercial services.
      3104 Skidaway Rd, Savannah, GA 31404
      View Details
    • $950,000
      1,782 SF

      Starland Landmark Victorian For Sale

      Iconic Starland property with diverse potential in vibrant Savannah neighborhood.
      11 E 41St St, Savannah, GA 31401
      View Details
    • New
      $290,000
      1,737 SF

      Flexible Office Condominium Opportunity

      Second-story office condos with private entrances in high-traffic Savannah location.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • New
      $159,000
      829 SF

      Savannah Office Condo For Sale

      First-floor office condo with private entrance in Park South.
      7505 Waters Avenue Ct, Savannah, GA 31406
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three lots near downtown Savannah, perfect for new construction.
    Where is this residential land & home lot located?
    The property is located at 1500 Damon St Savannah, GA.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Includes 3 separate lots with individual parcel numbers.; - Prime location minutes from Historic Downtown Savannah.; - Close proximity to SCAD (Savannah College of Art and Design).
    (912) 844-0682
    Request Owner's contact information
    1500 Damon St Savannah, GA 31415
    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.
    1500 Damon St
    Savannah, GA 31415
    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
    1500 Damon St Savannah, GA 31415
    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

    We can help!
    Listing Contact
    Ilonia R. Mitchell
    Ilonia R. Mitchell
    Real Estate License ID: 356382
    (912) 844-0682 (912) 349-7766 (912) 660-5355
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!