Assisted Living Facility with Brick
For Sale
$349,900
213 Chippewa Drive, Savannah, GA 31406
Commercial Sale, Savannah, GA
Property Size2,072 SF
Lot Size0.29 Acres
Price / SF$168.87
Days on Market162
Property Features for 213 Chippewa Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
From Interstate 95, take Exit 94 onto Abercorn Street toward Savannah, continue south, turn left onto Chippewa Drive, and follow it to 213 Chippewa Drive.
Standard status
Active
APN
20531 01022
Size
2,072 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
5262
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Building materials
Brick
Listing Agency:
eXp Realty
(888) 959-9461
Listed By:
Kadeem Simon · License #434023
(912) 415-1520
Added: May 1
Changed: Aug 19
Last Checked: Oct 9 at 6:06AM
MLS# 10763815
Copyright © 2026 Georgia Multiple Listing Service. 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 assisted living facility encompasses 2,072 square feet on a 0.29-acre parcel and is currently utilized as a personal care home. The interior includes multiple resident rooms, common areas, kitchen space, and a configuration arranged for care-based residential use. Brick construction, central heating, and central air are in place.
The property is located at 213 Chippewa Drive in Savannah, Georgia 31406. Public water and public sewer serve the site. The structure was built in 1958, providing an existing facility framework for continued personal care home operations or evaluation for another supported care-related use.
The property is located at 213 Chippewa Drive in Savannah, Georgia 31406. Public water and public sewer serve the site. The structure was built in 1958, providing an existing facility framework for continued personal care home operations or evaluation for another supported care-related use.
Key Highlights
- 2,072‑square‑foot assisted living facility on a 0.29‑acre parcel
- Currently utilized as a personal care home
- Multiple resident rooms, common areas, and kitchen space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,374
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,480
$407.5K
Cap Rate 7%
$291,057
$291.1K
Cap Rate 9%
$226,378
$226.4K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$39.5K $19.08/SF
− Vacancy
−$2.5K −$1.20/SF
EGI
$37.0K $17.88/SF
− OpEx
−$16.7K −$8.05/SF
NOI
$20.4K $9.83/SF
Area
Savannah, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,480
Cap Rate 7%
$291,057
Cap Rate 9%
$226,378
Alternative Uses
Best Use
Apartment 5plus
$291.1K
$254.7K – $339.6K
NOI $20,374 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.94M
$1.69M – $2.26M
NOI $135,549 @ 7.0% cap · market cap 38.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Existing personal care home layout includes resident rooms, shared areas, and dedicated kitchen space.
Where is this assisted living facility located?
The property is located at 213 Chippewa Drive Savannah, GA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,072‑square‑foot assisted living facility on a 0.29‑acre parcel; Currently utilized as a personal care home; Multiple resident rooms, common areas, and kitchen space
