Renovated Storefront With Living
For Sale
$250,000
1410 W Gwinnett Street, Savannah, GA 31415
Commercial Sale, Savannah, GA
Property Size1,200 SF
Lot Size0.11 Acres
Price / SF$208.33
Days on Market10
Property Features for 1410 W Gwinnett Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
BN
Zoning description
Mixed use
Parking
2
Appliances
Electric Water Heater, Some Commercial Grade
Lot features
Open Space
Directions
MLK Jr. Blvd to West Gwinnett. Go across Stiles Avenue The property is on the right.
Standard status
Active
APN
2005006004
Size
1,200 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 5 & 6 SUB OF LOT 2 SPRINFIE LD PLANTATION MORRISON WD
Tax Annual Amount
484
Legal Description
LOTS 5 & 6 SUB OF LOT 2 SPRINFIE LD PLANTATION MORRISON WD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Electric
Building Details
Year built
1947
Floors in Building
1
Building materials
Brick
Additional Structures
Outbuilding
Listing Agency:
Doris Thomas Realty, Inc
(912) 355-0294
Listed By:
Doris D. Thomas · License #158642
(912) 507-4183
Added: Aug 20
Changed: Aug 27
Last Checked: Aug 29 at 3:06AM
MLS# SA363099
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.
Investment Insights
Based on property information with market context.
This renovated brick storefront property contains approximately 1,200 square feet and is configured for either two retail businesses or one medium-sized business. The rear portion includes living quarters with a kitchenette, bedroom, and bathroom, while additional space is available for a second restroom. Built in 1947, the building has electric heating and cooling supported by heat-pump systems, an electric water heater, cable availability, and public sewer service.
The property is zoned BN and includes limited parking. A separate lot at 803 Elliott Avenue is also identified with the property information, measuring 60 x 100 feet and totaling 0.105 acres.
The property is zoned BN and includes limited parking. A separate lot at 803 Elliott Avenue is also identified with the property information, measuring 60 x 100 feet and totaling 0.105 acres.
Key Highlights
- 1,200 SF renovated brick commercial building
- Flexible layout for two retail businesses or one medium business
- Rear living quarters with kitchenette, bedroom, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,660
$333.7K
Cap Rate 7%
$238,329
$238.3K
Cap Rate 9%
$185,367
$185.4K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$26.6K $22.20/SF
− Vacancy
−$4.4K −$3.66/SF
EGI
$22.2K $18.54/SF
− OpEx
−$5.6K −$4.63/SF
NOI
$16.7K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,660
Cap Rate 7%
$238,329
Cap Rate 9%
$185,367
Alternative Uses
Best Use
Office B
$238.3K
$208.5K – $278.1K
NOI $16,683 @ 7.0% cap · market cap 6.67%
Second Best
Retail
$194.6K
$170.3K – $227.0K
NOI $13,622 @ 7.0% cap · market cap 5.45%
Theoretical Best
Warehouse
$1.12M
$981.3K – $1.31M
NOI $78,503 @ 7.0% cap · market cap 31.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
Median Home Value
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial building with flexible retail capacity, rear residential quarters, public sewer, and limited on-site parking.
Where is this storefront property located?
The property is located at 1410 W Gwinnett Street Savannah, GA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,200 SF renovated brick commercial building; Flexible layout for two retail businesses or one medium business; Rear living quarters with kitchenette, bedroom, and bathroom
