Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    744 E 39Th St Savannah, GA 31401

    Sponsored
    For Lease
    $1,400 /Mo ($9 SF/Yr)

    COMMERCIAL - Savannah, GA

    Type:Retail
    Property size:
    1,695 SF
    Lot size:
    0.12 Acres
    Days on Market:
    22
    Last Refresh:
    Feb 20 at 10:06 pm

    Property Features for 744 E 39Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RIP
    APN
    2006319017
    Parking
    1
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    Electric Water Heater
    Size
    1,695 SF
    Lot size
    0.12 Acres

    Utilities

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

    Building Details

    Year built
    1920
    Floors in Building
    1
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Tom Oxnard

    Keller Williams Coastal Area P (912) 356-5001

    Listing agent Tom Oxnard (912) 356-5001 License #382170

    Listing date Jan 30, 2026

    MLS# SA341292

    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 Commercial Space For Rent

    This commercial space, suitable for an art studio or workspace, offers 1695 square feet. It is located on the first floor of a mixed-use duplex in Savannah, Georgia. The property is situated on a 0.115-acre lot and is zoned RIP.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.088324
    Latitude
    32.05227

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Bull Street

      Flexible workspace in Central Avenue
      100 Bull St, Savannah, GA 31401
      View Details
    • $4,300 /Mo
      1,740 SF

      Freestanding Commercial Building on Victory Drive

      1740 sqft commercial building with high visibility and frontage.
      3021 E Victory Dr, Savannah, GA 31404
      View Details
    • $4,000 /Mo
      3,370 SF

      Waters Avenue Retail/Storage Opportunity

      Retail and storage buildings on high-traffic Waters Avenue.
      6228 Waters Avenue Ct, Savannah, GA 31406
      View Details
    • $8,500 /Mo
      4,272 SF

      Savannah Commercial Space For Rent

      Versatile commercial space in high-traffic Savannah location.
      1481 Dean Forest Rd, Savannah, GA 31405
      View Details
    • $32 SF/Yr
      2,800 SF

      Savannah Commercial Space For Lease

      Two-story commercial building in Savannah's Streetcar District.
      422 W 43Rd St, Savannah, GA 31401
      View Details
    • $32 SF/Yr
      2,800 SF

      Savannah Commercial Space For Lease

      Two-story commercial building in Savannah's Streetcar District available for lease.
      422 W 43Rd St, Savannah, GA 31401
      View Details
    • New
      Contact for pricing
      1,020 SF

      Savannah Commercial Space in Starland

      Commercial space in Savannah's vibrant Starland District for lease.
      15 W 43Rd St, Savannah, GA 31401
      View Details
    • $17 SF/Yr
      2,839 SF

      High-Exposure Freestanding Building For Lease

      Freestanding building with high visibility and accessibility on busy corridor.
      9 W De Renne Ave, Savannah, GA 31405
      View Details
    • $2,475 /Mo
      1,122 SF

      Savannah Office Space For Rent

      1,122 sq ft office space in central Savannah.
      6349 Abercorn St, Savannah, GA 31405
      View Details
    • $3,000 /Mo
      1,700 SF

      Savannah Commercial Property For Rent

      1700 SF commercial property with 8 rooms near Dean Forest.
      1481 Dean Forest Rd, Savannah, GA 31405
      View Details
    • $2,325 /Mo
      8,407 SF

      Savannah Retail Space For Rent

      1,550 sq ft retail space in high-traffic Savannah location.
      605 E 69Th St, Savannah, GA 31405
      View Details
    • $14,000 /Mo
      4,664 SF

      Downtown Savannah Office Space

      Prime downtown office space with historic charm and modern amenities.
      36 W Broughton St, Savannah, GA 31401
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a mixed-use duplex.
    Where is this retail space located?
    The property is located at 744 E 39Th St Savannah, GA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Large art studio/workspace offering 1695 sq ft.; - First floor unit in a mixed-use duplex.; - Central electric heating and cooling.
    (912) 356-5001
    Request Owner's contact information
    744 E 39Th St Savannah, GA 31401
    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.
    744 E 39Th St
    Savannah, GA 31401
    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
    744 E 39Th St Savannah, GA 31401
    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
    Tom Oxnard
    Real Estate License ID: 382170
    (912) 356-5001 (912) 656-4228
    Learn more
    Google sign-in failed. Please try again or use another login method.