Signalized Corner Gas Station &
For Sale
Contact for pricing
4 Park of Commerce Way, Savannah, GA 31405
Fully operating Shell-branded gas station and convenience store on a high-visibility signalized corner near Interstate 16.
Property Size2,644 SF
Price / SF$1,550
Days on Market134
Property Features for 4 Park of Commerce Way
General Information
Standard status
Active
Size
2,644 SF
Class
A
Property subtype
Business for Sale, Mixed Use, Retail
Occupancy
100%
Investment Type
Owner/User
Site & Location
Traffic Count
67,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1998
Listing Agency:
eXp Commercial- Atlanta
Listed By:
Milap Patel · License #GA 369691
(888) 959-9461
Source:
Crexi
Added: Apr 24
Changed: Aug 26
Last Checked: Sep 1 at 5:26AM
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 eXp Commercial- Atlanta
Investment Insights
Based on property information with market context.
This offering includes both the real estate and a fully operating Shell-branded gas station and convenience store. The property is positioned as a high-visibility signalized corner with multiple access points, supporting active retail performance from day-to-day operations.
Located at 4 Park of Commerce Way in Savannah, GA 31405, the site benefits from proximity to Interstate 16, with 67,300 VPD noted in the marketing materials. The surrounding area is described as a dense retail and automotive hub, including six dealerships within one mile, alongside daytime population tied to industrial and port-related employment.
Located at 4 Park of Commerce Way in Savannah, GA 31405, the site benefits from proximity to Interstate 16, with 67,300 VPD noted in the marketing materials. The surrounding area is described as a dense retail and automotive hub, including six dealerships within one mile, alongside daytime population tied to industrial and port-related employment.
Key Highlights
- Fully operating Shell‑branded gas station and convenience store
- High‑visibility signalized corner with multiple access points
- Near Interstate 16 with 67,300 VPD
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
$142,445
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
3.47%
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%
$2,848,900
$2.8M
Cap Rate 7%
$2,034,929
$2.0M
Cap Rate 9%
$1,582,722
$1.6M
Market Conditions
NOI Build-Up for 2,644 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
$231.0K $87.36/SF
− Vacancy
−$27.5K −$10.40/SF
EGI
$203.5K $76.96/SF
− OpEx
−$61.0K −$23.09/SF
NOI
$142.4K $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%
$2,848,900
Cap Rate 7%
$2,034,929
Cap Rate 9%
$1,582,722
Alternative Uses
Best Use
Industrial
$2.03M
$1.78M – $2.37M
NOI $142,445 @ 7.0% cap · market cap 3.47%
Second Best
Specialty Retail
$530.1K
$463.8K – $618.4K
NOI $37,104 @ 7.0% cap · market cap 0.90%
Theoretical Best
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,969 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
67,300 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Home Improvements & Furnishings 30%
Hotels & Casinos 10%
Dining 7%
Shell
Shops & Services
6,598 visits/mo
0.1 miles
Grainger
Home Improvements & Furnishings
6,402 visits/mo
0.5 miles
Chatham Parkway Toyota
Shops & Services
5,489 visits/mo
0.0 miles
Holiday Inn Express & Suites
Hotels & Casinos
2,738 visits/mo
0.1 miles
Larry's Giant Subs
Dining
1,980 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
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 - Fully operating Shell-branded gas station and convenience store on a high-visibility signalized corner near Interstate 16.
Where is this gas station located?
The property is located at 4 Park of Commerce Way 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: Fully operating Shell‑branded gas station and convenience store; High‑visibility signalized corner with multiple access points; Near Interstate 16 with 67,300 VPD
