Automotive Property with Road
For Sale
$1,000,000
1564 Dean Forest Road, Savannah, GA 31408
Commercial Sale, Savannah, GA
Property Size4,740 SF
Lot Size0.79 Acres
Price / SF$210.97
Days on Market636
Property Features for 1564 Dean Forest Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C2A
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
26
Security features
Security Lighting
Window features
Display Window(s)
Interior features
Programmable Thermostat
Exterior features
Fence
Fencing
Fenced, Chain Link
Appliances
Electric Water Heater
Lot features
Level
Directions
Take I-16 W then Exit 160 for Dean Forest Road. Turn right onto Dean Forest Road. The property will be on the right-hand side.
Standard status
Active
APN
60988D02018B
Size
4,740 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
LT 3 SUB OF A PT OF LOVELL CO TC T MCGAHAN PARK PH 2
Tax Annual Amount
2436
Legal Description
LT 3 SUB OF A PT OF LOVELL CO TC T MCGAHAN PARK PH 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Private, Well
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl, Concrete
Building materials
Metal Siding, Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
Realty One Group Inclusion
(912) 298-7200
Listed By:
Monica Beadleston · License #366695
(305) 562-1914
Added: Dec 16, 2024
Changed: Sep 12
Last Checked: Sep 13 at 8:06PM
MLS# SA323154
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 4,740-square-foot automotive property was built in 1984 and occupies a 0.79-acre commercial site. The building features metal siding, a metal roof, concrete and vinyl flooring, central heating and cooling, an electric water heater, and a programmable thermostat. A fenced exterior and concrete surfaces support practical day-to-day use, while public sewer and private well water serve the property.
The site fronts Dean Forest Road with 150 feet of road frontage and includes 26 parking spaces. It is approximately 15 minutes from the Port of Savannah, Downtown Savannah, and Savannah/Hilton Head International Airport. The property is zoned C2A, and the source information indicates that rezoning from commercial to industrial may be possible.
The site fronts Dean Forest Road with 150 feet of road frontage and includes 26 parking spaces. It is approximately 15 minutes from the Port of Savannah, Downtown Savannah, and Savannah/Hilton Head International Airport. The property is zoned C2A, and the source information indicates that rezoning from commercial to industrial may be possible.
Key Highlights
- 4,740‑square‑foot automotive property on a 0.79‑acre site
- 150 feet of road frontage on Dean Forest Road
- 26 parking spaces included
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
$53,807
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
5.38%
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%
$1,076,140
$1.1M
Cap Rate 7%
$768,671
$768.7K
Cap Rate 9%
$597,856
$597.9K
Market Conditions
NOI Build-Up for 4,740 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
$82.5K $17.40/SF
− Vacancy
−$5.6K −$1.18/SF
EGI
$76.9K $16.22/SF
− OpEx
−$23.1K −$4.87/SF
NOI
$53.8K $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 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%
$1,076,140
Cap Rate 7%
$768,671
Cap Rate 9%
$597,856
Alternative Uses
Best Use
Industrial
$3.65M
$3.19M – $4.26M
NOI $255,367 @ 7.0% cap · market cap 25.54%
Second Best
Retail
$768.7K
$672.6K – $896.8K
NOI $53,807 @ 7.0% cap · market cap 5.38%
Theoretical Best
Warehouse
$4.43M
$3.88M – $5.17M
NOI $310,089 @ 7.0% cap · market cap 31.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 3%
Parker's Kitchen
Shops & Services
34,231 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
848 visits/mo
0.0 miles
City Electric Supply
Home Improvements & Furnishings
568 visits/mo
0.3 miles
United Rentals
Home Improvements & Furnishings
439 visits/mo
0.2 miles
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Fenced commercial facility with concrete and vinyl flooring, central air, and public sewer service.
Where is this automotive property located?
The property is located at 1564 Dean Forest Road Savannah, GA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,740‑square‑foot automotive property on a 0.79‑acre site; 150 feet of road frontage on Dean Forest Road; 26 parking spaces included
