Retail Property on Johnny
For Sale
Contact for pricing
140 Johnny Mercer Boulevard, Savannah, GA 31410
Retail property available for sale on Johnny Mercer Boulevard.
Property Size24,064 SF
Price / SF$159.99
Days on Market157
Property Features for 140 Johnny Mercer Boulevard
General Information
Standard status
Active
Size
24,064 SF
Class
B
Property subtype
Retail
Zoning
P-B-C/TC
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
1980
Year Renovated
1994
Units
23
Tenancy
Multi
Listing Agency:
Whitley & Associates, Inc
Listed By:
Ben Whitley · License #GA
(912) 661-3482
Source:
Crexi
Added: May 15
Changed: Oct 11
Last Checked: Oct 16 at 9:02AM
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 Whitley & Associates, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of a retail property with a total size of 24,064 square feet. The property is located on Johnny Mercer Boulevard in Savannah, GA 31410.
Key Highlights
- Retail property available for sale.
- Located on Johnny Mercer Boulevard.
- Built in 1980.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$273,169
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,463,380
$5.5M
Cap Rate 7%
$3,902,414
$3.9M
Cap Rate 9%
$3,035,211
$3.0M
Market Conditions
NOI Build-Up for 24,064 SF
Gross rent
$418.7K $17.40/SF
− Vacancy
−$28.5K −$1.18/SF
EGI
$390.2K $16.22/SF
− OpEx
−$117.1K −$4.87/SF
NOI
$273.2K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,463,380
Cap Rate 7%
$3,902,414
Cap Rate 9%
$3,035,211
Alternative Uses
Best Use
Retail
$3.90M
$3.41M – $4.55M
NOI $273,169 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$22.49M
$19.68M – $26.24M
NOI $1,574,256 @ 7.0% cap · market cap 40.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 28%
Home Improvements & Furnishings 21%
Apparel 7%
Publix
Groceries
22,735 visits/mo
0.2 miles
Islands Ace Hardware
Home Improvements & Furnishings
16,836 visits/mo
0.3 miles
Dollar Tree
Shops & Services
10,415 visits/mo
0.2 miles
Goodwill
Apparel
5,717 visits/mo
0.3 miles
Truist
Shops & Services
4,539 visits/mo
0.3 miles
Demographics for 31410, GA
23,782
Population
10,263
Households
2.3
Avg Household Size
45
Median Age
51%
College-Educated
98%
High-School Grad
22.6 sq mi
ZIP Area
1,052
Density / Sq Mi
$97,225
Median Household Income
$54,693
Median Earnings
$1,702
Median Rent
$367,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale on Johnny Mercer Boulevard.
Where is this retail property located?
The property is located at 140 Johnny Mercer Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Retail property available for sale.; Located on Johnny Mercer Boulevard.; Built in 1980.
