Industrial Building Near Savannah
For Sale
$1,500,000
2015 Mills B Lane Boulevard, Savannah, GA 31405
8500 sq ft industrial building near Savannah and Garden City.
Property Size8,500 SF
Lot Size0.52 Acres
Price / SF$176.47
Days on Market752
Property Features for 2015 Mills B Lane Boulevard
General Information
Standard status
Active
Size
8,500 SF
Lot size
0.52 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1977
Listing Agency:
RE/MAX Savannah
(912) 667-2537
Listed By:
Holly Young · License #168533
(912) 667-2537
Source:
Exitrealty
Added: Jul 11, 2024
Changed: Jul 10
Last Checked: Jul 31 at 5:18AM
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 RE/MAX Savannah
Investment Insights
Based on property information with market context.
This 8500 square foot building is zoned ILR (Light Industrial Restricted) and features 5 offices and a large warehouse space. The property is located near Ogeechee Rd. & Lynes Parkway, offering close proximity to downtown Savannah, Garden City, and the GA Ports Authority. The building is currently tenant-occupied, with a 60-day notice required for the tenant to vacate.
Key Highlights
- Zoned ILR (Light Industrial Restricted) offering versatile usage options.
- Strategic location near Ogeechee Rd. & Lynes Parkway, providing excellent accessibility.
- Close proximity to downtown Savannah, Garden City, and GA Ports Authority.
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 | $188.7k | $22.20 |
| − Vacancy | −$31.1k | −$3.66 |
| EGI | $157.6k | $18.54 |
| − OpEx | −$39.4k | −$4.63 |
| NOI | $118.2k | $13.90 |
8,500 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$7.94M
$6.95M – $9.27M
NOI $556,066 @ 7.0% cap · market cap 37.07%
Second Best
Industrial
$6.54M
$5.72M – $7.63M
NOI $457,937 @ 7.0% cap · market cap 30.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Well-served
Demand for This Use
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
Properties on Market for Warehouses in Savannah
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Secure Storage Center — 3825A Ogeechee Rd, Savannah, GA 31405
- Savannah Elite Car Storage — 3825 Ogeechee Rd, Savannah, GA 31405
- Fountain Moving & Storage Co. — 3507 Edwin St, Savannah, GA 31405
- American Moving & Storage, LLC — 101 Kahn Industrial Ct, Savannah, GA 31405
- U-Haul Moving & Storage of Savannah Ogeechee — 3802 ogeechee rd, savannah, ga 31405
Frequently Asked Questions
What type of property is this?
Warehouse - 8500 sq ft industrial building near Savannah and Garden City.
Where is this warehouse located?
The property is located at 2015 Mills B Lane Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Zoned ILR (Light Industrial Restricted) offering versatile usage options.; Strategic location near Ogeechee Rd. & Lynes Parkway, providing excellent accessibility.; Close proximity to downtown Savannah, Garden City, and GA Ports Authority.
