Gas Station with Auto Repair
New
For Sale
$4,100,000
2701 Ogeechee Rd, Savannah, GA 31405
Convenience retail and automotive service uses are combined across a multi-access commercial property.
Property Size2,778 SF
Lot Size0.58 Acres
Price / SF$1,475
Days on Market2
Property Features for 2701 Ogeechee Rd
General Information
Standard status
Active
Size
2,778 SF
Lot size
0.58 Acres
Zoning
I-L
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1970
Buildings
2
Abandoned
No
Listing Agency:
Seabolt Real Estate
Listed By:
Bradford C. Moody · License #213896
(912) 844-4663
Source:
Bradberrygarnerrealestate
Added: Sep 18
Last Checked: Sep 18 at 7:54AM
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.
The property includes a convenience store and gas station, together with a separate freestanding automotive repair and tire facility. The improvements total 2,778 square feet on a 0.58-acre site, with parking distributed across the property. Built in 1970, the site accommodates multiple points of entry and supports both retail and vehicle-service operations.
Located at 2701 Ogeechee Rd in Savannah, the property fronts Ogeechee Road, also identified as Hwy 80, near W. Victory Drive and Ross Road. Approximately 145 feet of frontage extends along Ogeechee Road, with a lot depth of approximately 239 feet. The site is about 3 minutes from I-16 and Lynes Parkway, also designated I-516. Current I-L, or Light Industrial, zoning permits the existing use and allows warehousing and light manufacturing uses.
Located at 2701 Ogeechee Rd in Savannah, the property fronts Ogeechee Road, also identified as Hwy 80, near W. Victory Drive and Ross Road. Approximately 145 feet of frontage extends along Ogeechee Road, with a lot depth of approximately 239 feet. The site is about 3 minutes from I-16 and Lynes Parkway, also designated I-516. Current I-L, or Light Industrial, zoning permits the existing use and allows warehousing and light manufacturing uses.
Key Highlights
- Gas station and convenience store with separate automotive service and tire repair building
- 2,778 square feet of improvements on a 0.58‑acre lot
- Approximately 145 feet of frontage on Ogeechee Road, also known as Hwy 80
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$149,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,993,300
$3.0M
Cap Rate 7%
$2,138,071
$2.1M
Cap Rate 9%
$1,662,944
$1.7M
Market Conditions
NOI Build-Up for 2,778 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$242.7K $87.36/SF
− Vacancy
−$28.9K −$10.40/SF
EGI
$213.8K $76.96/SF
− OpEx
−$64.1K −$23.09/SF
NOI
$149.7K $53.87/SF
Area
Savannah, GA
Vacancy
11.90%
Lease Rate
$87.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,993,300
Cap Rate 7%
$2,138,071
Cap Rate 9%
$1,662,944
Alternative Uses
Best Use
Industrial
$2.14M
$1.87M – $2.49M
NOI $149,665 @ 7.0% cap · market cap 3.65%
Second Best
Specialty Retail
$556.9K
$487.3K – $649.7K
NOI $38,984 @ 7.0% cap · market cap 0.95%
Theoretical Best
Warehouse
$2.60M
$2.27M – $3.03M
NOI $181,735 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
2,381 visits/mo
0.1 miles
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Gas station - Convenience retail and automotive service uses are combined across a multi-access commercial property.
Where is this gas station located?
The property is located at 2701 Ogeechee Rd Savannah, GA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Gas station and convenience store with separate automotive service and tire repair building; 2,778 square feet of improvements on a 0.58‑acre lot; Approximately 145 feet of frontage on Ogeechee Road, also known as Hwy 80
