Starland District Mixed-Use
112 West Victory Drive Savannah, GA 31405
112 West Victory Drive, Savannah, GA, 31405
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For Sale
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6,000 SF mixed-use property in Savannah's Starland District.
Property Size6,000 SF
Price / SF$400
Days on Market53
Property Features for 112 West Victory Drive
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail, Office, Mixed Use
Listing Agency
Seabolt Brokers
Listed by
Harry Rosen · License #GA 422449
Source
Crexi
Added: May 26 Checked: Jul 15 at 9:45 pm
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 Seabolt Brokers
Investment Insights
Based on property information with market context.
This mixed-use property offers a ± 6,000 SF footprint in the Starland District. The TC-2 Zoned property includes 19 private parking spaces. Situated on a primary East-West artery, the location benefits from an Annual Average Daily Traffic of 22,000+ vehicles. The property is located directly across from SCAD Victory Village and steps from Victory North, capturing high foot and vehicle traffic counts.
Key Highlights
- ± 6,000 SF footprint in the Starland District
- 19 private parking spaces
- TC‑2 Zoning
Local Financial Insights For Retail
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 | $104.4k | $17.40 |
| − Vacancy | −$7.1k | −$1.18 |
| EGI | $97.3k | $16.22 |
| − OpEx | −$29.2k | −$4.87 |
| NOI | $68.1k | $11.35 |
6,000 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$973.0K
$851.4K – $1.14M
NOI $68,111 @ 7.0% cap · market cap 2.84%
Second Best
Mixed Use
$970.6K
$849.2K – $1.13M
NOI $67,939 @ 7.0% cap · market cap 2.83%
Theoretical Best
Warehouse
$5.61M
$4.91M – $6.54M
NOI $392,517 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
parkingmgt.com
Parking Lot & Garage
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 6,000 SF mixed-use property in Savannah's Starland District.
Where is this mixed-use property located?
The property is located at 112 West 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: ± 6,000 SF footprint in the Starland District; 19 private parking spaces; TC‑2 Zoning
