302 W Victory Drive Savannah Savannah, GA 31405
Shopping center offers seven retail units with ground-level and second-level space, plus 11 off-street parking spaces.
Property Features for 302 W Victory Drive Savannah
General Information
- Standard status
- Active
- Size
- 11,543 SF
Building Details
- Year Built
- 1948
Listing office (770) 679-9172
Listing date Jul 13, 2026
Source Dwaynewalkerrealty
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 Crystal Parker
Investment Insights
Based on property information with market context.
Located on W Victory Drive in Savannah’s Starland District, the property benefits from walkable retail surroundings and visibility along the corridor. The Savannah College of Art and Design Victory Village dormitory complex is directly across the street, and the frontage reports approximately 20,000 vehicles passing daily. On-site parking includes 11 off-street spaces, with additional street parking available, and the property features prominent pylon signage along Victory Drive. The offering is reported to generate $224,000 annually.
Key Highlights
- Shopping center with 7 retail units on Victory Drive in Savannah’s Starland District
- Includes a mix of ground‑level retail spaces and second‑level spaces
- Property provides 11 off‑street parking spaces, plus additional street parking
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 | $200.8k | $17.40 |
| − Vacancy | −$13.7k | −$1.18 |
| EGI | $187.2k | $16.22 |
| − OpEx | −$56.2k | −$4.87 |
| NOI | $131.0k | $11.35 |
Alternative Uses
Property Analytics
Current Use by Public Records
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