Gas Station and Convenience
For Sale
$4,100,000
4 Park of Commerce Way, Savannah, GA 31405
SINGLE_FAMILY - Savannah, GA
Property Size2,664 SF
Lot Size1.33 Acres
Price / SF$1,539
Days on Market47
Property Features for 4 Park of Commerce Way
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Security features
Security System
Window features
Display Window(s)
Exterior features
Storage
Appliances
Electric Water Heater, Refrigerator, Some Commercial Grade
Directions
Located at signalized intersection of Chatham Parkway and Park of Commerce Way near Interstate 16 in Savannah, GA
Standard status
Active
APN
20831 02004
Size
2,664 SF
Lot size
1.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Shell Gas Station & Convenience Store
Legal Description
Shell Gas Station & Convenience Store
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete
Building materials
Brick
Roof type
Asphalt, Composition
Additional Structures
Storage
Listing Agency:
eXp Realty LLC
(888) 959-9461
Listed By:
Milap Patel · License #369691
(607) 220-7979
Added: Jun 25
Changed: Jul 7
Last Checked: Aug 10 at 11:06AM
MLS# SA357052
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 fully operational Shell gas station and convenience store includes both the real estate and the operating business. The property consists of a 2,664-square-foot building situated on approximately 1.33 acres. As a corner site, it supports convenient customer flow and includes multiple access points to the premises.
The property is located near Interstate 16 in Savannah, Georgia (Chatham County), providing an accessible location for motorists. The site’s corner configuration and visibility are central to the retail and fueling use.
The offering is well-suited for an owner-operator seeking an established fuel and convenience concept, as well as buyers interested in acquiring a going-concern with the real estate included. The combination of gas station and convenience store operations within a dedicated site can support straightforward day-to-day management, with site access designed to accommodate customer arrivals and departures.
The property is located near Interstate 16 in Savannah, Georgia (Chatham County), providing an accessible location for motorists. The site’s corner configuration and visibility are central to the retail and fueling use.
The offering is well-suited for an owner-operator seeking an established fuel and convenience concept, as well as buyers interested in acquiring a going-concern with the real estate included. The combination of gas station and convenience store operations within a dedicated site can support straightforward day-to-day management, with site access designed to accommodate customer arrivals and departures.
Key Highlights
- Approximately 2,664 SF building on 1.33 acres
- Fully operational Shell gas station and convenience store (real estate and operating business included)
- Brick construction with central air and central electric heating
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
$143,523
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
3.50%
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%
$2,870,460
$2.9M
Cap Rate 7%
$2,050,329
$2.1M
Cap Rate 9%
$1,594,700
$1.6M
Market Conditions
NOI Build-Up for 2,664 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
$232.7K $87.36/SF
− Vacancy
−$27.7K −$10.40/SF
EGI
$205.0K $76.96/SF
− OpEx
−$61.5K −$23.09/SF
NOI
$143.5K $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%
$2,870,460
Cap Rate 7%
$2,050,329
Cap Rate 9%
$1,594,700
Alternative Uses
Best Use
Industrial
$2.05M
$1.79M – $2.39M
NOI $143,523 @ 7.0% cap · market cap 3.50%
Second Best
Specialty Retail
$534.1K
$467.3K – $623.1K
NOI $37,385 @ 7.0% cap · market cap 0.91%
Theoretical Best
Warehouse
$2.49M
$2.18M – $2.90M
NOI $174,278 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway 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 operational Shell gas station with convenience store on a corner site with multiple access points.
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: Approximately 2,664 SF building on 1.33 acres; Fully operational Shell gas station and convenience store (real estate and operating business included); Brick construction with central air and central electric heating
