Manufacturing Facility with Loading
2811 W Bay Street, Savannah, GA 31408
For Sale
Contact for pricing
A substantial office and warehouse component supports a range of manufacturing and distribution functions.
Property Size28,126 SF
Lot Size2.08 Acres
Price / SF$119
Days on Market45
Property Features for 2811 W Bay Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Power
Heavy Power
Additional Details
Property Use
Building Details
Year Built
Year Renovated
Building Size
Construction
Listing Agency:
Hailey Realty Company
Listed By:
Tommy Watkins · License GA #346016
(678) 904-6803
Source:
Crexi
Added: Sep 28
Changed: Nov 9
Last Checked: Nov 10 at 8:57AM
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 Hailey Realty Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 28,126-square-foot manufacturing property occupies 2.08 acres in Savannah. The pre-engineered metal building dates to 1977 and was renovated in 2007, with 5,308 square feet of office area alongside 22,818 square feet of warehouse space. Clear heights range from 18.5 to 25 feet, and the facility has approximately 2,000 amps of power. Dock-high and grade-level loading provide access to the building.
The site is 1.8 miles from the Port of Savannah Ocean Terminal and 2.3 miles from the Garden City Terminal. Perimeter fencing, five gates, exterior lighting, and a pylon sign on W Bay Street are among the site features. Partial roof replacements were completed in 2017 and 2025.
The site is 1.8 miles from the Port of Savannah Ocean Terminal and 2.3 miles from the Garden City Terminal. Perimeter fencing, five gates, exterior lighting, and a pylon sign on W Bay Street are among the site features. Partial roof replacements were completed in 2017 and 2025.
Key Highlights
- 28,126 SF building on 2.08 acres
- 5,308 SF of office area and 22,818 SF of warehouse space
- Clear heights from 18.5 to 25 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,468
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,129,360
$4.1M
Cap Rate 7%
$2,949,543
$2.9M
Cap Rate 9%
$2,294,089
$2.3M
Market Conditions
NOI Build-Up for 28,126 SF
Gross rent
$266.6K $9.48/SF
− Vacancy
−$23.7K −$0.84/SF
EGI
$242.9K $8.64/SF
− OpEx
−$36.4K −$1.30/SF
NOI
$206.5K $7.34/SF
Area
Chatham County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,129,360
Cap Rate 7%
$2,949,543
Cap Rate 9%
$2,294,089
Alternative Uses
Best Use
Warehouse
$2.95M
$2.58M – $3.44M
NOI $206,468 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$2.38M
$2.09M – $2.78M
NOI $166,860 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$7.59M
$6.64M – $8.86M
NOI $531,581 @ 7.0% cap · market cap 15.75%
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
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Current Use
Lease Details
25 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Savannah, GA
Frequently Asked Questions
What type of property is this?
Manufacturing property - A substantial office and warehouse component supports a range of manufacturing and distribution functions.
Where is this manufacturing property located?
The property is located at 2811 W Bay Street Savannah, GA.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 28,126 SF building on 2.08 acres; 5,308 SF of office area and 22,818 SF of warehouse space; Clear heights from 18.5 to 25 feet
