25-Unit Extended-Stay
For Sale
$2,000,000
5013 Ogeechee Road, Savannah, GA 31405
Commercial Sale, Savannah, GA
Property Size8,432 SF
Lot Size2.43 Acres
Price / SF$237.19
Days on Market95
Property Features for 5013 Ogeechee Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
AT
Bedrooms
25
Bathrooms
25
Full bathrooms
25
Rooms
Bedroom 18, Bedroom 25, Bedroom 19, Bedroom 23, Bathroom 6, Bathroom 11, Bedroom 4, Bathroom 21, Bedroom 14, Bedroom 6, Bathroom 15, Bathroom 14, Bathroom 5, Bathroom 20, Bathroom 24, Bathroom 23, Bathroom 18, Bedroom 17, Bathroom 9, Bathroom 16, Bathroom 7, Bathroom 17, Bathroom 8, Bedroom 16, Bathroom 25, Bedroom 11, Bedroom 3, Bathroom 3, Bathroom 13, Bedroom 8, Bathroom 10, Bathroom 1, Bathroom 12, Bathroom 22, Bathroom 4, Bathroom 19, Bedroom 24, Bedroom 13, Bedroom 1, Bedroom 2, Bedroom 20, Bedroom 21, Bathroom 2, Bedroom 15, Bedroom 7, Bedroom 9, Bedroom 10, Bedroom 22, Bedroom 12, Bedroom 5
Parking
30
Exterior features
Fence
Fencing
Privacy, Fenced
Appliances
Electric Water Heater, Gas Water Heater
Directions
E Derenne Ave to GA-21/I-516 W, take exit 2 Veteran's Pkwy, Take Chatham Parkway exit follow signs to US-17, Turn Left on US-17/Ogeechee Rd. Property on left 1.5 miles with Red/rust colored privacy fence. Laurel Lodge sign
Standard status
Active
APN
1095603008
Size
8,432 SF
Lot size
2.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 LAUREL LODGE SUB
Tax Annual Amount
5762
Legal Description
LOT 3 LAUREL LODGE SUB
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Natural Gas, Wall Furnace
Cooling system
Window Unit(s), Electric
Water source
Private, Well
Building Details
Year built
1952
Floors in Building
1
Building materials
Brick, Frame, Concrete, Vinyl Siding, Wood Siding
Roof type
Composition, Asphalt, Metal
Additional Structures
Outbuilding
Listing Agency:
Re/Max Savannah · RE/MAX International
(912) 355-7711
Listed By:
Amber Williams · License #243989
(912) 660-2848
Added: Jun 23
Changed: Sep 12
Last Checked: Sep 25 at 6:06AM
MLS# SA358865
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.
Investment Insights
Based on property information with market context.
Located at 5013 Ogeechee Road in Savannah, this 1952-built motel property includes 25 furnished one-bedroom, one-bathroom units within 8,432 square feet. Each unit has its own entrance, private bathroom, and full kitchen with a full-sized refrigerator, and the furnishings convey with the sale. A current motel business license is in place, and a minimum six-month stay is required.
The property occupies approximately 2.426 acres along Ogeechee Road and US-17, with access to interstate transportation routes, Chatham Parkway, Berwick Community, major employers, shopping, and dining. The site uses private well water and a septic tank, and zoning is AT. Additional physical features include privacy fencing, mixed brick, frame, concrete, and siding construction, and a combination of metal, composition, and asphalt roofing.
The property occupies approximately 2.426 acres along Ogeechee Road and US-17, with access to interstate transportation routes, Chatham Parkway, Berwick Community, major employers, shopping, and dining. The site uses private well water and a septic tank, and zoning is AT. Additional physical features include privacy fencing, mixed brick, frame, concrete, and siding construction, and a combination of metal, composition, and asphalt roofing.
Key Highlights
- 25 furnished one‑bedroom, one‑bathroom units
- 8,432 square feet on approximately 2.426 acres
- Private entrance, bathroom, and full kitchen in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,911
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,658,220
$1.7M
Cap Rate 7%
$1,184,443
$1.2M
Cap Rate 9%
$921,233
$921.2K
Market Conditions
NOI Build-Up for 8,432 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$160.9K $19.08/SF
− Vacancy
−$10.1K −$1.20/SF
EGI
$150.7K $17.88/SF
− OpEx
−$67.8K −$8.05/SF
NOI
$82.9K $9.83/SF
Area
Savannah, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,658,220
Cap Rate 7%
$1,184,443
Cap Rate 9%
$921,233
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.04M – $1.38M
NOI $82,911 @ 7.0% cap · market cap 4.15%
Second Best
Hotel Hospitality
$1.08M
$941.0K – $1.25M
NOI $75,278 @ 7.0% cap · market cap 3.76%
Theoretical Best
Warehouse
$7.88M
$6.90M – $9.19M
NOI $551,618 @ 7.0% cap · market cap 27.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Similar Off Market Nearby
- US-80, Savannah, GA, USA — Ogeechee Rd, Savannah, GA 31405
- Sandman Motel — 5015 Ogeechee Rd, Savannah, GA 31405
- Laurel Lodge Motel — 5013 Ogeechee Rd, Savannah, GA 31405
Frequently Asked Questions
What type of property is this?
Motel - Furnished one-bedroom units provide private entrances, kitchens, and bathrooms for longer-term occupancy.
Where is this motel located?
The property is located at 5013 Ogeechee Road Savannah, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 25 furnished one‑bedroom, one‑bathroom units; 8,432 square feet on approximately 2.426 acres; Private entrance, bathroom, and full kitchen in every unit
