Light Industrial Warehouse with
For Sale
$1,500,000
2015 Mills B Lane Boulevard, Savannah, GA 31405
LAND - Other - Savannah, GA
Property Size8,500 SF
Lot Size0.52 Acres
Price / SF$176.47
Days on Market799
Property Features for 2015 Mills B Lane Boulevard
General Information
Property type
Land
Property subtype
Other
Zoning
I-L-R
Zoning description
Commercial
Interior features
High Ceilings
Appliances
Electric Water Heater
Directions
From downtown Savannah I-516 Exit at US Highway 17 S. At the light take a left then make a right at the traffic light. Turn right at Mills B Lane. Property on the left at the curve.
Standard status
Active
APN
2070603083
Size
8,500 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PT OF BLK B TREMONT SUB
Tax Annual Amount
4968
Legal Description
PT OF BLK B TREMONT SUB
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
Re/Max Savannah · RE/MAX International
(912) 355-7711
Listed By:
Holly S. Young · License #168533
(912) 667-2537
Added: May 29, 2024
Changed: Jul 7
Last Checked: Aug 5 at 12:06PM
MLS# SA312702
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 for-sale flex/industrial property includes an 8,500 SF building with five offices and a spacious warehouse area. The property is currently tenant-occupied and has no active lease; a 60-day notice is required for vacancy.
The site is zoned IL-R (Light Industrial Restricted) and is described as being located near Ogeechee Road and Lynes Parkway, providing access to downtown Savannah, Garden City, and the Georgia Ports Authority.
Set on a 0.521-acre lot in Savannah, GA 31405, the building’s combination of office space and warehouse area supports a variety of light industrial operations within the IL-R zoning framework.
The site is zoned IL-R (Light Industrial Restricted) and is described as being located near Ogeechee Road and Lynes Parkway, providing access to downtown Savannah, Garden City, and the Georgia Ports Authority.
Set on a 0.521-acre lot in Savannah, GA 31405, the building’s combination of office space and warehouse area supports a variety of light industrial operations within the IL-R zoning framework.
Key Highlights
- 8,500 sq. ft. light industrial restricted (IL‑R) building with five offices and a spacious warehouse area
- Tenant‑occupied with no active lease; 60‑day notice required for vacancy
- Metal siding exterior with metal roof and concrete flooring
Financial Insights For Flex RnD
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 | $219.3k | $25.80 |
| − Vacancy | −$23.0k | −$2.71 |
| EGI | $196.3k | $23.09 |
| − OpEx | −$68.7k | −$8.08 |
| NOI | $127.6k | $15.01 |
8,500 SF · lease $25.80/SF/yr · vacancy 10.50% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$7.94M
$6.95M – $9.27M
NOI $556,066 @ 7.0% cap · market cap 37.07%
Second Best
Industrial
$6.54M
$5.72M – $7.63M
NOI $457,937 @ 7.0% cap · market cap 30.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
Market
Vacancy Rate% for Industrial in Savannah, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cape Creations Catering — 114 Horizon Park Dr, Savannah, GA 31405
Frequently Asked Questions
What type of property is this?
Flex space - Tenant-occupied 8,500 SF warehouse with five offices on a 0.52-acre lot, zoned IL-R.
Where is this flex space located?
The property is located at 2015 Mills B Lane Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8,500 sq. ft. light industrial restricted (IL‑R) building with five offices and a spacious warehouse area; Tenant‑occupied with no active lease; 60‑day notice required for vacancy; Metal siding exterior with metal roof and concrete flooring
