Mixed-Use Property with
New
For Sale
$850,000
2312 Abercorn St, Savannah, GA 31401
Two upper-level office/retail suites are occupied under month-to-month leases.
Property Size2,474 SF
Price / SF$343.57
Days on Market3
Property Features for 2312 Abercorn St
General Information
Standard status
Active
Size
2,474 SF
Building Details
Year Built
1990
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Seabolt Real Estate
Listed By:
Kenneth J. Richards · License #345362
(912) 663-3392
Source:
Bradberrygarnerrealestate
Added: Oct 4
Last Checked: Oct 5 at 8:01PM
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 Seabolt Real Estate
Investment Insights
Based on property information with market context.
This 2,474-square-foot mixed-use property in Savannah includes restaurant space and two office/retail units on the upper floor. The restaurant area received an extensive renovation in 2023. Both upper-level units are occupied by long-term tenants under month-to-month leases.
The property is located in Savannah’s Starland/Thomas Square District at 2312 Abercorn St.
The property is located in Savannah’s Starland/Thomas Square District at 2312 Abercorn St.
Key Highlights
- 2,474‑square‑foot mixed‑use property
- Restaurant space renovated in 2023
- Two upper‑level office/retail units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,718
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,360
$694.4K
Cap Rate 7%
$495,971
$496.0K
Cap Rate 9%
$385,756
$385.8K
Market Conditions
NOI Build-Up for 2,474 SF
Gross rent
$49.0K $19.80/SF
− Vacancy
−$2.7K −$1.09/SF
EGI
$46.3K $18.71/SF
− OpEx
−$11.6K −$4.68/SF
NOI
$34.7K $14.03/SF
Area
Savannah, GA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,360
Cap Rate 7%
$495,971
Cap Rate 9%
$385,756
Alternative Uses
Best Use
Specialty Retail
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 4.08%
Second Best
Retail
$401.2K
$351.1K – $468.1K
NOI $28,084 @ 7.0% cap · market cap 3.30%
Theoretical Best
Warehouse
$2.31M
$2.02M – $2.70M
NOI $161,848 @ 7.0% cap · market cap 19.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 32%
Beauty & Spa 23%
Popeyes Louisiana Kitchen
Dining
7,295 visits/mo
0.3 miles
Chevron
Shops & Services
7,083 visits/mo
0.3 miles
Sola Salon Studios
Beauty & Spa
5,104 visits/mo
0.2 miles
Woof Gang Bakery
Shops & Services
3,097 visits/mo
0.4 miles
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upper-level office/retail suites are occupied under month-to-month leases.
Where is this mixed-use property located?
The property is located at 2312 Abercorn St Savannah, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,474‑square‑foot mixed‑use property; Restaurant space renovated in 2023; Two upper‑level office/retail units
