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

    5th Avenue Tybee Island, GA 31328

    View on Map
    For Sale
    $1,750,000

    LAND - Tybee Island, GA

    Lot size:
    0.51 Acres
    Added:
    Oct 25, 2025
    Days on Market:
    159
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 5th Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4000311014
    Lot size
    0.51 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LOT 1,2,3 HAYLEY'S COVE SUB OF LOTS 170-172

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Samuel O. Clark

    Listing agent Samuel O. Clark License #421582

    Listing office Parker Scott Properties 352 Commercial Dr, Savannah, GA

    Listing date Oct 25, 2025

    MLS# SA342444

    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.

    Overview

    Tybee Island Commercial Zoned Lot

    This commercial-zoned lot is located on Tybee Island, GA. The lot offers frontage on First Street and measures 0.33 acres, equivalent to 14,374 square feet. The property is currently generating income from billboards located on the lot. A new owner has the option to assume the existing billboard leases or cancel them with proper notice. The total lot size is 0.51 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tybee Island
    County
    Chatham
    State
    Georgia
    Longitude
    -80.844192
    Latitude
    32.014915

    Nearby Similar for Sale

    • $349,900
      490 SF

      Updated Condo with Coastal Living

      Updated, furnished Tybee Island condo with income potential and views.
      1217 Bay Street unit: 313A, Tybee Island, GA 31328
      View Details
    • $799,000
      2,140 SF

      Updated Home with Income Apartment

      Updated home with apartment near beach, restaurants, shopping, entertainment.
      1404 Jones Avenue, Tybee Island, GA 31328
      View Details
    • $955,000

      Tybee Island Marsh Front Land

      Two commercial lots on Tybee Island with marsh frontage.
      106 & 108 Lewis Avenue, Tybee Island, GA 31328
      View Details
    • $889,000
      3,120 SF

      Renovated Beach Duplex on Tybee

      Charming 1930s duplex near beach, shops, and restaurants.
      202 14th Street, Tybee Island, GA 31328
      View Details
    • $5,995,000
      9,382 SF

      Tybee Island Multifamily Investment Opportunity

      Four luxury units near the beach, ideal for short-term rentals.
      104 17th Street, Tybee Island, GA 31328
      View Details
    • $5,995,000
      9,382 SF

      Tybee Island Multifamily Investment Opportunity

      Four luxury units, 22 bedrooms, projected $775K+ annual income.
      104 17th Street, Tybee Island, GA 31328
      View Details
    • $525,000

      Tybee Island Cleared Lot

      Cleared lot on Tybee Island with utilities available.
      116 Andrea Drive, Tybee Island, GA 31328
      View Details
    • $525,000

      Tybee Island Buildable Lot

      Large lot near the beach, ideal for building a home.
      104 Gen George Marshall Boulevard, Tybee Island, GA 31328
      View Details
    • $727,500

      Tybee Island Commercial Zoned Land

      0.28-acre commercial-zoned lot with potential for various developments.
      106 Lewis Avenue, Tybee Island, GA 31328
      View Details
    • $329,000

      Tybee Island Coastal Lot

      Prime lot to build your dream coastal home.
      1410 2nd Avenue, Tybee Island, GA 31401
      View Details
    • $590,000

      Tybee Island Duplex For Sale

      Duplex near the beach with great rental income.
      204 5th Avenue, Tybee Island, GA 31328
      View Details
    • $327,500

      Tybee Island Marshfront Residential Land

      0.20-acre marshfront property with potential to build a cottage.
      108 Lewis Avenue, Tybee Island, GA 31328
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial-zoned lot on Tybee Island with First Street frontage.
    Where is this commercial land located?
    The property is located at 5th Avenue Tybee Island, GA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Prime First Street frontage on Tybee Island offers exceptional visibility.; Commercial zoning opens doors to various business opportunities.; Lot size of 0.33 acres (14,374sf).
    (912) 661-6142
    We can help!
    Listing Contact
    Samuel O. Clark
    Real Estate License ID: 421582
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!