Flex Space with Rear
For Sale
$799,000
3104 Skidaway Rd, Savannah, GA 31404
B-N zoning, rear access, and on-site parking complement a layout that can accommodate multiple tenant spaces.
Property Size6,031 SF
Price / SF$132.48
Days on Market22
Property Features for 3104 Skidaway Rd
General Information
Standard status
Active
Size
6,031 SF
Total Parking Spaces
18
Property subtype
Commercial
Zoning
B-N
Additional Details
Road Access
Yes
Building Details
Year Built
1954
Listing Agency:
Parker Scott Properties
Listed By:
Samuel O. Clark · License #421582
(912) 661-6142
Source:
Augustaaikenhomefinder
Added: Sep 24
Changed: Oct 15
Last Checked: Oct 14 at 11:02PM
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 Parker Scott Properties
Investment Insights
Based on property information with market context.
This 6,031-square-foot flex property at 3104 Skidaway Rd in Savannah was built in 1954. Its floor plan can be divided into multiple tenant spaces, and a warehouse section occupies the rear of the building. B-N zoning supports neighborhood business use, with the source identifying retail, office, and light commercial services as potential uses.
The property has road frontage in a high-traffic area, rear access, and 18 on-site parking spaces. The combination of flexible interior space and rear warehouse area provides a range of commercial configurations.
The property has road frontage in a high-traffic area, rear access, and 18 on-site parking spaces. The combination of flexible interior space and rear warehouse area provides a range of commercial configurations.
Key Highlights
- 6,031 square feet of flex space
- Rear warehouse section
- Floor plan can be divided into multiple tenant spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,462
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,240
$1.4M
Cap Rate 7%
$978,029
$978.0K
Cap Rate 9%
$760,689
$760.7K
Market Conditions
NOI Build-Up for 6,031 SF
Gross rent
$104.9K $17.40/SF
− Vacancy
−$7.1K −$1.18/SF
EGI
$97.8K $16.22/SF
− OpEx
−$29.3K −$4.87/SF
NOI
$68.5K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,240
Cap Rate 7%
$978,029
Cap Rate 9%
$760,689
Alternative Uses
Best Use
Warehouse
$5.64M
$4.93M – $6.58M
NOI $394,545 @ 7.0% cap · market cap 49.38%
Second Best
Industrial
$4.64M
$4.06M – $5.42M
NOI $324,920 @ 7.0% cap · market cap 40.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
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 Industrial in Savannah, GA
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Similar Off Market Nearby
- Erica Davis Catering — 2215 Rowland Ave Suite B, Savannah, GA 31404
- The Concept Food Truck — 2222 E 43rd St, Savannah, GA 31404
Frequently Asked Questions
What type of property is this?
Flex space - B-N zoning, rear access, and on-site parking complement a layout that can accommodate multiple tenant spaces.
Where is this flex space located?
The property is located at 3104 Skidaway Rd Savannah, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 6,031 square feet of flex space; Rear warehouse section; Floor plan can be divided into multiple tenant spaces
