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

    702 Mall Blvd Savannah, GA 31406

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr ($6,600 /Mo)

    Retail space available for lease in Savannah, Georgia.

    Property size:
    3,300 SF
    Lot size:
    0.83 Acres

    Property Features for 702 Mall Blvd

    General Information

    Size
    3,300 SF
    Lot size
    0.83 Acres

    We can help!

    Listing Contact
    Tony Lembeck
    Tony Lembeck
    Source: Moodyscre

    Listing Agent: Tony Lembeck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space on Mall Boulevard

    This retail space, located on Mall Boulevard in Savannah, Georgia, offers 3,300 square feet of space. The property is suitable for retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Professional In Home TV ... Television Repair Service Corbak Office Technology ... Computer Support And Services Specialty Sports Sporting Goods Store Savannah United Soccer Club Custom Stitches by ... Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1073227
    Latitude
    32.0013767

    Nearby Similar for Lease

    • $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
    • Contact for pricing
      1,020 SF

      Savannah Commercial Space in Starland

      Commercial space in Savannah's vibrant Starland District with expansion potential.
      15 W 43Rd St, Savannah, GA 31401
      View Details
    • $850 /Mo
      600 SF

      Savannah Office Space For Rent

      600-SF office unit in high-traffic Savannah location.
      527 Us Highway 80 W, Savannah, GA 31408
      View Details
    • $3,200 /Mo
      4,704 SF

      Savannah Commercial Space Available

      Commercial space previously used as a car wash for rent.
      2705 Martin Luther King Jr Blvd, Savannah, GA 31405
      View Details
    • $36 SF/Yr
      3,000 SF

      Savannah Commercial Units in Starland

      Two commercial units for lease in Savannah's vibrant Starland District.
      14 W 43Rd St, Savannah, GA 31401
      View Details
    • $25 SF/Yr
      15,723 SF

      Retail or Office Space Sublease

      Professional retail or office space available for sublease.
      1215 E Us Highway 80, Savannah, GA 31322
      View Details
    • $19 SF/Yr
      10,000 SF

      Savannah Office-Medical Space for Rent

      10,000 SF office-medical space in Savannah's Southside.
      37 W Fairmont Ave, Savannah, GA 31406
      View Details
    • $20 SF/Yr
      56,961 SF

      Class A Business Park Space

      High-quality office, distribution, and showroom space in Savannah's Chatham Center.
      8001 Chatham Center Dr, Savannah, GA 31405
      View Details
    • $2,300 /Mo

      Marsh Front Townhouse in Savannah

      Three-bedroom townhouse in gated community with marsh views and pool.
      11330 White Bluff Rd, Savannah, GA 31419
      View Details
    • Contact for pricing
      3,000 SF

      Savannah Industrial Park Leasing Opportunity

      Industrial buildings for lease near the Port of Savannah.
      1101-1105 Louisville Rd, Savannah, GA 31415
      View Details
    • $7 SF/Yr
      24,671 SF

      Savannah Industrial Park Leasing Opportunity

      Industrial buildings for lease near the Port of Savannah.
      1107 Louisville Rd, Savannah, GA 31415
      View Details
    • Contact for pricing
      80,000 SF

      Modern Offices at Eastern Wharf

      Class A office space in a vibrant mixed-use development.
      300 Pilot St, Savannah, GA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Savannah, Georgia.
    Where is this retail space located?
    The property is located at 702 Mall Blvd Savannah, GA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Retail space available for lease.; - Located in Savannah, Georgia.
    (914) 393-0041
    Request Owner's contact information
    702 Mall Blvd Savannah, GA 31406
    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.
    702 Mall Blvd
    Savannah, GA 31406
    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
    702 Mall Blvd Savannah, GA 31406
    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
    Tony Lembeck
    Tony Lembeck
    Real Estate License ID: GA 384406
    (914) 393-0041
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.