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    Residential Agricultural Property with Income Potential Title is generated by Realmo AI

    124 Vidalia Road, Savannah, GA 31419

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    For Sale
    $625,000

    MULTI_FAMILY - Ranch - Savannah, GA

    Type:Single Family Residence
    Property size:
    4,913 SF
    Lot size:
    6.80 Acres
    Price / SF:
    $127/SF
    Added:
    May 22, 2026
    Days on Market:
    5
    Last Refresh:
    May 26 at 8:06 am

    Property Features for 124 Vidalia Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    RA
    Bedrooms
    8
    Bathrooms
    5
    Rooms
    Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 4, Bedroom 8
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Fencing
    Chain Link
    Appliances
    Electric Water Heater, Dryer, Refrigerator, Washer
    Standard status
    Active
    APN
    11030B01010
    Size
    4,913 SF
    Lot size
    6.80 Acres

    Taxes and HOA fees

    Tax Description
    TRACT 91,92,93 OGEECHEE FARMS PHASE A

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1941
    Floors in Building
    1
    Number of units
    3
    Roof type
    Metal, Composition
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    David Shimp

    Listing agent David Shimp License #414099

    Listing office BHHS Bay Street Realty Group 2 Skidaway Village Walk, Savannah, GA

    Listing date May 22, 2026

    MLS# SA355659 Listing URL

    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.

    HighLights

    • Large 6.8‑acre residential agricultural property with no HOA restrictions.
    • Features three existing homes, offering multi‑generational living or rental income potential.
    • Well‑maintained, move‑in ready 2‑bedroom, 1‑bath residence (138) with a new HVAC system.
    • Conveniently located approximately 25 minutes from downtown Savannah and the Savannah/Hilton Head International Airport.
    • Spacious 3‑bedroom, 2‑bath home (124) with a 1‑year‑old roof, presenting renovation opportunity.
    • Ample space for farm animals, gardens, workshops, and equipment.

    Overview

    This 6.8-acre residential agricultural property offers space, flexibility, and opportunity. There are no HOA restrictions, allowing for the creation of a homestead, mini farm, or investment property. The property includes three existing homes. One home is a well-maintained 2-bedroom, 1-bath residence ready for occupancy with a new HVAC system. Another home is a spacious 3-bedroom, 2-bath home in need of significant renovation but has a 1-year-old roof. The third home could possibly be salvaged. The property offers room for farm animals, gardens, workshops, equipment, or future development. Located approximately 25 minutes from downtown Savannah, Savannah/Hilton Head International Airport, and Richmond Hill, the property balances privacy and accessibility. With multi-generational living, rental income potential, and acreage for country living, this property offers possibilities. The property is zoned RA. The property size is 4913 square feet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $536.8K
    NOI $48,309 @ 9.00% cap · cautious / downside scenario
    Moderate
    $690.1K
    NOI $48,309 @ 7.00% cap · market / base-case scenario
    Aggressive
    $966.2K
    NOI $48,309 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $93.7k $19.08
    − Vacancy −$5.9k −$1.20
    EGI $87.8k $17.88
    − OpEx −$39.5k −$8.05
    NOI $48.3k $9.83
    4,913 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $690.1K
    $603.9K – $805.2K (±1% cap)
    NOI $48,309 @ 7.0% cap · market cap 7.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $4.59M
    $4.02M – $5.36M (±1% cap)
    NOI $321,406 @ 7.0% cap · market cap 51.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.259677
    Latitude
    31.987223

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    FAQs

    What type of property is this?
    Agricultural property - 6.8-acre property with three homes, offering flexibility and opportunity.
    Where is this agricultural property located?
    The property is located at 124 Vidalia Road Savannah, GA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Large 6.8‑acre residential agricultural property with no HOA restrictions.; Features three existing homes, offering multi‑generational living or rental income potential.; **Well‑maintained, move‑in ready 2‑bedroom, 1‑bath residence (138) with a new HVAC system.**
    (812) 374-3721
    We can help!
    Listing Contact
    David Shimp
    Real Estate License ID: 414099
    Request Owner's contact information
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    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
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