Building Details

Building Size 2,072 SF

Year Built 1958

Stories 1

Listing Agency: eXp Realty LLC g***@exprealty.net Show Phone

Listed By: Kadeem A. Simon · License #434023 Show Phone

Source: Duffusrealty

Added: May 1 Changed: Oct 29 Last Checked: Nov 3 at 6:49AM

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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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Investment Insights

Based on property information with market context.

At 213 Chippewa Drive in Savannah, this 2,072-square-foot residence was built in 1958 and is currently used as a personal care home. Its interior includes multiple resident rooms, common areas, and kitchen space, arranged for care-based residential use.

The property is zoned One Fam Res 3.5/Ac.

Key Highlights

• 2,072‑square‑foot property built in 1958
• Currently used 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

5.06%

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

Is this asking price fair?

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 (±1% cap)

NOI $20,374 @ 7.0% cap · market cap 5.06%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,549 @ 7.0% cap · market cap 33.63%

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

Assisted living facilities

Suggested Use

Top Pick Plumbing Service Parking Lot & Garage Butcher Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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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Similar Off Market Nearby

• PruittHealth Hospice — 9100 White Bluff Rd STE 305, Savannah, GA 31406
• Compassus — 450 Mall Blvd A, Savannah, GA 31406
• Marlans Silver Lining Agency — 315 Commercial Dr Ste A7, Savannah, GA 31406
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• 4Front Healthcare of Savannah — 7505 Waters Ave F8, Savannah, GA 31406

Frequently Asked Questions

What type of property is this?

Assisted living facility - Resident rooms, shared gathering areas, and kitchen space support a care-based residential layout.

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 $403,000.

What are key features of this property?

This property features: 2,072‑square‑foot property built in 1958; Currently used as a personal care home; Multiple resident rooms, common areas, and kitchen space