Flex Space with Roll-Up
For Sale
$2,400,000
112 W Victory Drive, Savannah, GA 31401
Commercial Sale, Savannah, GA
Property Size5,875 SF
Lot Size0.17 Acres
Price / SF$408.51
Days on Market204
Property Features for 112 W Victory Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BN
Parking
18
Directions
Heading west on Victory from Bull Street, property will be on your right between Whitaker and Barnard street.
Standard status
Active
APN
2007423008
Size
5,875 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
20 22 NORWOOD WARD
Tax Annual Amount
6340
Legal Description
20 22 NORWOOD WARD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Building materials
Block
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Beth L. Vantosh · License #248541
(912) 663-3392
Added: Mar 18
Changed: Sep 8
Last Checked: Oct 7 at 5:06PM
MLS# SA351544
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.
Investment Insights
Based on property information with market context.
This 5,875-square-foot flex property was built in 1970 with block construction and includes two roll-up doors. The building provides a practical format for commercial occupancy, with 19 lined parking spaces supporting on-site access. Public water and public sewer serve the property.
The building is located at 112 W Victory Drive in Savannah, directly across from SCAD Victory Village. The Victory Drive corridor carries approximately 25,000 cars daily, providing established exposure for the site. Its existing improvements and parking support continued commercial use, while the building’s flexible format accommodates a range of operational layouts.
The building is located at 112 W Victory Drive in Savannah, directly across from SCAD Victory Village. The Victory Drive corridor carries approximately 25,000 cars daily, providing established exposure for the site. Its existing improvements and parking support continued commercial use, while the building’s flexible format accommodates a range of operational layouts.
Key Highlights
- 5,875‑square‑foot flex property at 112 W Victory Drive, Savannah
- Approximately 25,000 cars daily on the Victory Drive corridor
- Directly across from SCAD Victory Village
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,179
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,580
$1.8M
Cap Rate 7%
$1,259,700
$1.3M
Cap Rate 9%
$979,767
$979.8K
Market Conditions
NOI Build-Up for 5,875 SF
Gross rent
$151.6K $25.80/SF
− Vacancy
−$15.9K −$2.71/SF
EGI
$135.7K $23.09/SF
− OpEx
−$47.5K −$8.08/SF
NOI
$88.2K $15.01/SF
Area
Savannah, GA
Vacancy
10.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,580
Cap Rate 7%
$1,259,700
Cap Rate 9%
$979,767
Alternative Uses
Best Use
Industrial
$4.52M
$3.96M – $5.28M
NOI $316,515 @ 7.0% cap · market cap 13.19%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,179 @ 7.0% cap · market cap 3.67%
Theoretical Best
Warehouse
$5.49M
$4.80M – $6.41M
NOI $384,340 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Savannah, GA
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Frequently Asked Questions
What type of property is this?
Flex space - Block-built commercial space offers adaptable interior configuration, dedicated parking, and public utilities.
Where is this flex space located?
The property is located at 112 W Victory Drive Savannah, GA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 5,875‑square‑foot flex property at 112 W Victory Drive, Savannah; Approximately 25,000 cars daily on the Victory Drive corridor; Directly across from SCAD Victory Village
