Gas Station with Auto Repair
New
For Sale
$4,100,000
2701 Ogeechee Road, Savannah, GA 31405
Commercial Sale, Savannah, GA
Property Size2,778 SF
Lot Size0.58 Acres
Price / SF$1,475
Days on Market1
Property Features for 2701 Ogeechee Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
I-L
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
10
Security features
Security Lighting
Exterior features
Fence, Storage
Fencing
Chain Link, Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Some Gas Appliances, Electric Water Heater, Gas Water Heater, Ice Maker, Refrigerator
Lot features
Historic District, Level
Directions
Take US-80 W/E Victory Dr and turn left onto US-80 W/Ogeechee Rd. Property will be on the left.
Standard status
Active
APN
2059509001
Size
2,778 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT OF LOT 2 SUB MINIS SUB LOT 13 CONSTITUTION HILL PRB 47P 36 0.584AC
Tax Annual Amount
9111
Legal Description
PT OF LOT 2 SUB MINIS SUB LOT 13 CONSTITUTION HILL PRB 47P 36 0.584AC
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Heat Pump, Central Air, Electric
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Brick, Block, Metal Siding, Concrete, Stucco
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Bradford C. Moody · License #213896
(912) 844-4663
Added: Sep 15
Last Checked: Sep 15 at 10:06PM
MLS# SA364154
Copyright © 2026 Hive MLS. 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 1970 commercial property combines a working convenience store and gas station with a separate freestanding automotive service and tire shop. The improvements total 2,778 square feet on a 0.584-acre site, with concrete and tile flooring, metal roofing, fencing, storage, public water, and public sewer. Multiple access points and on-site parking serve the property, which includes approximately 145 feet of frontage on Ogeechee Road and a lot depth of approximately 239 feet.
The property sits at the intersection of Ogeechee Road, also identified as Hwy 80, W. Victory Drive, and Ross Road in Savannah. I-16 and Lynes Parkway (I-516) are approximately 3 minutes away. Zoned I-L, the site is identified for its current use as well as warehousing and light manufacturing applications.
The property sits at the intersection of Ogeechee Road, also identified as Hwy 80, W. Victory Drive, and Ross Road in Savannah. I-16 and Lynes Parkway (I-516) are approximately 3 minutes away. Zoned I-L, the site is identified for its current use as well as warehousing and light manufacturing applications.
Key Highlights
- Working convenience store and gas station with separate freestanding automotive service and tire shop
- 2,778‑square‑foot commercial property on a 0.584‑acre lot
- Approximately 145' of frontage on Ogeechee Road with approximately 239' lot depth
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Working convenience store and fuel property with a separate repair shop, multiple access points, and I-L zoning.
Where is this gas station located?
The property is located at 2701 Ogeechee Road 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: Working convenience store and gas station with separate freestanding automotive service and tire shop; 2,778‑square‑foot commercial property on a 0.584‑acre lot; Approximately 145' of frontage on Ogeechee Road with approximately 239' lot depth
