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    Midtown Savannah Business/Medical Office Title is generated by Realmo AI

    8 Commerce Place, Savannah, GA 31406

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    Claim this Listing
    For Sale
    Under Contract
    $865,000

    SINGLE_FAMILY - Savannah, GA

    Type:Office
    Property size:
    3,760 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $230/SF
    Added:
    Feb 17, 2026
    Days on Market:
    104
    Last Refresh:
    Jun 1 at 6:06 pm

    Property Features for 8 Commerce Place

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    PUDB
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Electric Water Heater, Microwave
    Standard status
    Active Under Contract
    APN
    2053412058
    Size
    3,760 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT A RECOMBINATION OF LOTS 21, 22, 23 & 24 EISENHOWER CENTER PHASE
    Tax Annual Amount
    4331

    Utilities

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

    Building Details

    Year built
    1996
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Christina L. McIntosh

    Listing agent Christina L. McIntosh License #280884

    Listing office McIntosh Realty Team LLC 602 Mall Blvd, Savannah, GA

    Listing date Feb 17, 2026

    MLS# SA349084

    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.

    HighLights

    • Owner Financing Available
    • Prime Midtown Savannah Location
    • Fully Renovated Interior with Open Concept Design
    • 12 Dedicated Parking Spaces
    • No Covenants or Restrictions
    • Versatile Layout Suitable for Various Business Types

    Overview

    This single-owner property presents a rare opportunity for a business or medical office in the heart of Midtown Savannah. The fully renovated interior features an open concept design, multiple private office suites, two full bathrooms, a kitchenette, and a storage room with loading dock access. The layout is suited for professional, medical, creative, or administrative uses. The property includes 12 dedicated parking spaces, providing convenience for staff and clients, and additional exterior space that can be utilized to support operations. The 3,760 square-foot building is located on a 0.17-acre lot. The property's zoning is PUDB. With no covenants or restrictions, this property offers visibility, accessibility, versatility, and room to grow.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $83.5k $22.20
    − Vacancy −$13.8k −$3.66
    EGI $69.7k $18.54
    − OpEx −$17.4k −$4.63
    NOI $52.3k $13.90
    3,760 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $746.8K
    $653.4K – $871.2K (±1% cap)
    NOI $52,274 @ 7.0% cap · market cap 6.04%
    Second Best
    Healthcare Medical
    $682.5K
    $597.2K – $796.3K (±1% cap)
    NOI $47,775 @ 7.0% cap · market cap 5.52%
    Theoretical Best
    Warehouse
    $3.51M
    $3.07M – $4.10M (±1% cap)
    NOI $245,977 @ 7.0% cap · market cap 28.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Angela Groover Interior ... Interior Design Pam Rody Interior ... Interior Design Willow Tree Studio Alternative Medicine Practice

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.107163
    Latitude
    32.006088

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    FAQs

    What type of property is this?
    Office building - Renovated office building in Midtown Savannah with owner financing.
    Where is this office building located?
    The property is located at 8 Commerce Place Savannah, GA.
    What is the asking price?
    The asking price for this property is $865,000.
    What are key features of this property?
    This property features: Owner Financing Available; **Prime Midtown Savannah Location**; **Fully Renovated Interior with Open Concept Design**
    (912) 272-3463
    We can help!
    Listing Contact
    Christina L. McIntosh
    Real Estate License ID: 280884
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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
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