Multi-Tenant Flex
For Sale
$4,200,000
203 Deptford St, Savannah, GA 31404
Fully leased industrial space supports four occupants under a triple-net lease structure with contractual annual rent increases.
Property Size22,420 SF
Price / SF$187.33
Days on Market49
Property Features for 203 Deptford St
General Information
Standard status
Active
Size
22,420 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Building Size
22,420 SF
Tenancy
Multi
Listing Agency:
Charleston – Morrison
Listed By:
Jon-Michael Brock · License #95977
(843) 203-1056
Source:
Colliers
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 4:43AM
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 Charleston – Morrison
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 22,420-square-foot flex property contains industrial space configured for multiple occupants and is leased to four tenants. Occupancy is reported at 100%, with a triple-net lease structure and tenant commitments extending through the 2028–2029 calendar years. Annual rent increases are included in the remaining lease terms.
The property is positioned in Savannah’s East Side submarket, with access to established residential and commercial areas and the Islands. Its setting serves contractors, service providers, and other locally focused businesses that require industrial or flex space near employment centers, neighborhoods, customers, and job sites.
The property is positioned in Savannah’s East Side submarket, with access to established residential and commercial areas and the Islands. Its setting serves contractors, service providers, and other locally focused businesses that require industrial or flex space near employment centers, neighborhoods, customers, and job sites.
Key Highlights
- 22,420‑square‑foot multi‑tenant industrial and flex property
- 100% leased to four tenants
- Triple‑net lease structure with annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,505
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,730,100
$6.7M
Cap Rate 7%
$4,807,214
$4.8M
Cap Rate 9%
$3,738,944
$3.7M
Market Conditions
NOI Build-Up for 22,420 SF
Gross rent
$578.4K $25.80/SF
− Vacancy
−$60.7K −$2.71/SF
EGI
$517.7K $23.09/SF
− OpEx
−$181.2K −$8.08/SF
NOI
$336.5K $15.01/SF
Area
Savannah, GA
Vacancy
10.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,730,100
Cap Rate 7%
$4,807,214
Cap Rate 9%
$3,738,944
Alternative Uses
Best Use
Warehouse
$20.95M
$18.33M – $24.45M
NOI $1,466,706 @ 7.0% cap · market cap 34.92%
Second Best
Industrial
$17.26M
$15.10M – $20.13M
NOI $1,207,876 @ 7.0% cap · market cap 28.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Savannah, GA
Similar Off Market Nearby
- Thrive Catering Savannah — 2700 Gregory St #200, Savannah, GA 31404
- Coastal Kitchen Catering — 251 Riverview Dr Suite A, Savannah, GA 31404
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased industrial space supports four occupants under a triple-net lease structure with contractual annual rent increases.
Where is this flex space located?
The property is located at 203 Deptford St Savannah, GA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 22,420‑square‑foot multi‑tenant industrial and flex property; 100% leased to four tenants; Triple‑net lease structure with annual rent increases
