Miami Vice-Style Home with
For Sale
$1,080,000
102 Stuart St, Savannah, GA 31405
Custom-built home with attached apartment, ideal for Airbnb.
Property Size4,158 SF
Price / SF$259.74
Days on Market210
Property Features for 102 Stuart St
General Information
Standard status
Active
Size
4,158 SF
Property subtype
Multi-Family
Building Details
Year Built
1984
Listing Agency:
Next Move Real Estate LLC
Listed By:
Scotti Moore · License #331532
(912) 272-8600
Source:
Searchgreateraugustahomes
Added: Feb 5
Changed: Sep 2
Last Checked: Sep 1 at 8:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Next Move Real Estate LLC
Investment Insights
Based on property information with market context.
This custom-built home, designed in the Miami Vice style, is located in Habersham Woods, in the Mid-Town area of Savannah. The property includes a main house and an attached apartment. Inspired by South Beach's Art Deco architecture, the design promotes an open and airy lifestyle, blurring the distinction between indoor and outdoor spaces. Key architectural features include a spiral staircase, glass blocks, rounded walls and hallways, large sliding glass doors, and floor-to-ceiling windows, all contributing to a seamless transition between the interior and exterior. The main house offers three spacious bedrooms, each with walk-in closets, en-suite bathrooms, and access to the pool area. A loft space with a split-plan is also featured. The modern apartment has an open concept layout and includes appliances, one bedroom, one bathroom, and access to the pool. The apartment has a private entry, making it suitable for use as an Airbnb or rental unit. The property is intended for residential use and short-term rentals.
Key Highlights
- Custom‑built, one‑owner home with attached apartment in Midtown Savannah
- Unique Miami Vice‑style architecture with spiral staircase, glass blocks, and rounded walls
- Open‑plan layout with large sliding glass doors and floor‑to‑ceiling windows blurring indoor/outdoor spaces
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
$40,885
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
3.79%
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%
$817,700
$817.7K
Cap Rate 7%
$584,071
$584.1K
Cap Rate 9%
$454,278
$454.3K
Market Conditions
NOI Build-Up for 4,158 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
$79.3K $19.08/SF
− Vacancy
−$5.0K −$1.20/SF
EGI
$74.3K $17.88/SF
− OpEx
−$33.5K −$8.05/SF
NOI
$40.9K $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%
$817,700
Cap Rate 7%
$584,071
Cap Rate 9%
$454,278
Alternative Uses
Best Use
Apartment 5plus
$584.1K
$511.1K – $681.4K
NOI $40,885 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.89M
$3.40M – $4.53M
NOI $272,014 @ 7.0% cap · market cap 25.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Custom-built home with attached apartment, ideal for Airbnb.
Where is this multifamily property located?
The property is located at 102 Stuart St Savannah, GA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Custom‑built, one‑owner home with attached apartment in Midtown Savannah; Unique Miami Vice‑style architecture with spiral staircase, glass blocks, and rounded walls; Open‑plan layout with large sliding glass doors and floor‑to‑ceiling windows blurring indoor/outdoor spaces
