Mixed-Use Property with
New
For Sale
$1,625,000
211B Johnny Mercer Boulevard, Savannah, GA 31410
BC-zoned commercial property pairs office and retail space with an on-site mini-storage facility.
Property Size10,232 SF
Price / SF$158.82
Days on Market6
Property Features for 211B Johnny Mercer Boulevard
General Information
Standard status
Active
Size
10,232 SF
Property subtype
Commercial
Zoning
BC
Additional Details
Mixed-Use Components
retail, storage
Property Use
Mixed Use
Taxes and HOA fees
Annual Taxes
$30,183
Building Details
Building Size
10,232 SF
Year Built
1969
Stories
1
Listing Agency:
eXp Realty LLC
Listed By:
Harold Meyers · License #336390
(912) 313-2424
Source:
Eddymyers
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 12:33PM
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 eXp Realty LLC
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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 mixed-use commercial property brings together office and retail space with an on-site mini-storage facility. The building dates to 1969 and carries BC zoning.
Located on Wilmington Island in Savannah, the property has both commercial space and storage on site.
Located on Wilmington Island in Savannah, the property has both commercial space and storage on site.
Key Highlights
- Office and retail space plus an on‑site mini‑storage facility
- BC zoning
- Located on Wilmington Island in Savannah
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,151
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,323,020
$2.3M
Cap Rate 7%
$1,659,300
$1.7M
Cap Rate 9%
$1,290,567
$1.3M
Market Conditions
NOI Build-Up for 10,232 SF
Gross rent
$178.0K $17.40/SF
− Vacancy
−$12.1K −$1.18/SF
EGI
$165.9K $16.22/SF
− OpEx
−$49.8K −$4.87/SF
NOI
$116.2K $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%
$2,323,020
Cap Rate 7%
$1,659,300
Cap Rate 9%
$1,290,567
Alternative Uses
Best Use
Warehouse
$9.56M
$8.37M – $11.16M
NOI $669,373 @ 7.0% cap · market cap 41.19%
Second Best
Retail
$1.66M
$1.45M – $1.94M
NOI $116,151 @ 7.0% cap · market cap 7.15%
Theoretical Best
—
—
same as Best Use
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
457
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Savannah, GA
Frequently Asked Questions
What type of property is this?
Mixed-use property - BC-zoned commercial property pairs office and retail space with an on-site mini-storage facility.
Where is this mixed-use property located?
The property is located at 211B Johnny Mercer Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Office and retail space plus an on‑site mini‑storage facility; BC zoning; Located on Wilmington Island in Savannah
