Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Approved for Storage Units Title is generated by Realmo AI

    LOTS 6 7 8 BOBCAT CV, Savannah, TN 38372

    View on Map
    Claim this Listing
    For Sale
    $175,000

    Land approved for 10 storage units available for sale.

    Type:Lots/Land
    Added:
    Feb 1, 2024
    Days on Market:
    853
    Last Refresh:
    Apr 16 at 3:21 am

    Property Features for LOTS 6 7 8 BOBCAT CV

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Justin D Johnson
    Justin D Johnson

    Listing agent Justin D Johnson License #292427

    Listing office Justin Johnson Realty

    Listing date Feb 1, 2024

    Source Exitrealty

    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 Justin Johnson Realty

    HighLights

    • Approved for 10 storage units

    Overview

    This property has received approval for the construction of 10 storage units. The land is located in Savannah, Tennessee.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Hardin
    State
    Tennessee
    Longitude
    -88.1354
    Latitude
    35.1811

    Nearby Similar for Sale

    • $799,000

      Prime Commercial Land Opportunity

      3.6 acre commercial lot in growing area near Tennessee River.
      665 WATER St, Savannah, TN 38372
      View Details
    • $799,000
      12,000 SF

      Savannah Commercial Property with Warehouses

      Commercial property in Savannah, TN, featuring a main building and warehouses.
      365 WATER St, Savannah, TN 38372
      View Details
    • $699,000

      Unrestricted Land Near Industrial Park

      22.56 acres of unrestricted land suitable for various uses.
      HIGHWAY 69, Savannah, TN 38372
      View Details
    • $234,000

      Savannah, TN Commercial Land

      High-visibility commercial land in high-traffic area with dual access.
      1019 PICKWICK St, Savannah, TN 38372
      View Details
    • $249,900
      1,350 SF

      Brick Duplex Investment Property

      Well-maintained two-unit duplex with 2 bed, 1 bath layouts on each side, both currently rented.
      838 & 840 HIGHWAY 203, Savannah, TN 38372
      View Details
    • $399,000
      3,700 SF

      Commercial Building on US HWY 64

      Commercial building with income potential on US HWY 64.
      1194 WAYNE RD, Savannah, TN 38372
      View Details
    • $699,000

      Commercial Lot in Downtown Savannah

      Commercial land with limitless possibilities in the heart of Savannah.
      WATER St, Savannah, TN 38372
      View Details
    • $999,000

      Pickwick Lake Waterfront Lot

      Build your dream lake house with panoramic river views.
      240 BREATHTAKING Loop lot: 7, Savannah, TN 38372
      View Details
    • $699,000

      Unrestricted Land in Savannah, TN

      22.56 acres of unrestricted land suitable for multiple uses.
      69 Hwy, Savannah, TN 38372
      View Details
    • $987,500

      Unrestricted Acreage in Hardin County, TN

      250+/- acres with creek frontage, pastures, and timber potential.
      2245 BIG IVY Rd, Savannah, TN 38372
      View Details
    • $149,999

      Unrestricted Acreage Near Pickwick Lake

      14.24 acres near Rainbow Falls and Pickwick Lake.
      3310 HOLLAND CREEK Rd, Savannah, TN 38372
      View Details
    • $169,900

      Riverfront Camper with Carport

      Two-bedroom camper on the Tennessee River with carport and storage.
      715 ARNOLD Ln lot: 23, Savannah, TN 38372-6528
      View Details

    FAQs

    What type of property is this?
    Land - Land approved for 10 storage units available for sale.
    Where is this land located?
    The property is located at LOTS 6 7 8 BOBCAT CV Savannah, TN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Approved for 10 storage units
    (731) 926-5850
    We can help!
    Listing Contact
    Justin D Johnson
    Justin D Johnson
    Real Estate License ID: 292427
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    LOTS 6,7,8 BOBCAT CV, Savannah, TN 38372
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!