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    640 Meinhard Road Ext Port Wentworth, GA 31407

    Sponsored
    For Sale
    $1,399,000

    SINGLE_FAMILY - Port Wentworth, GA

    Type:Retail
    Property size:
    2,068 SF
    Lot size:
    2.73 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 4 at 10:06 am

    Property Features for 640 Meinhard Road Ext

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    RA
    Rooms
    Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
    Bedrooms
    3
    Bathrooms
    3
    APN
    7097804001
    Interior features
    Programmable Thermostat
    Exterior features
    Irrigation System
    Fencing
    Chain Link, Privacy
    Appliances
    Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Plumbed For Ice Maker, Range, Refrigerator, Range Hood, Self Cleaning Oven, Washer
    Size
    2,068 SF
    Lot size
    2.73 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Heat Pump, Central Air
    Water source
    Well, Private

    Building Details

    Year built
    2016
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, Masonite
    Roof type
    Metal
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Carmen H. Cribbs

    Next Move Real Estate LLC (912) 295-5807

    Listing agent Carmen H. Cribbs (912) 295-5807 License #142967

    Listing date Mar 3, 2026

    MLS# SA350170

    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

    Versatile Property in Growing Area

    This property is located in a rapidly growing area where rezoning is underway. Situated behind the new Savannah Ghost Pirates Practice Arena, the property is near expanding hotels and retail development. It includes a maintained 3-bedroom, 3-bathroom home, along with workshop and storage space. There is a 60x40 workshop, a 40x30 workshop with mini-splits, a 3-bay open pole barn, a 2-bay open pole barn, four 40' high-cube containers, and one 20' high-cube container. The workshops feature spray foam open-cell insulation and a 2-stage 220 air compressor. The gravel-prepped shop yard has been compacted to support substantial weight loads. The property, situated on a 2.73-acre lot, offers potential for residential use, business operations, redevelopment, or future commercial investment. The property has 2068 square feet of space. It is located in a high-growth corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Wentworth
    County
    Chatham
    State
    Georgia
    Longitude
    -81.214775
    Latitude
    32.184247

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    FAQs

    What type of property is this?
    Specialty property - Property with home, workshops, and storage in high-growth corridor.
    Where is this specialty property located?
    The property is located at 640 Meinhard Road Ext Port Wentworth, GA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Rezoning underway in a rapidly growing area, ideal for redevelopment or commercial investment.; - **Extensive workshop and storage space:** 60x40 workshop, 40x30 workshop with mini-splits, multiple pole barns and high-cube containers.; - Well-maintained 3BR/3BA home suitable for residential use.
    (912) 826-0927
    Request Owner's contact information
    640 Meinhard Road Ext Port Wentworth, GA 31407
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    Port Wentworth, GA 31407
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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.

    More about this property
    640 Meinhard Road Ext Port Wentworth, GA 31407
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    We can help!
    Listing Contact
    Carmen H. Cribbs
    Real Estate License ID: 142967
    (912) 826-0927 (912) 663-6683 (912) 295-5807
    Learn more
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