Auto Repair Shop with Fenced
For Sale
$530,000
4601 Montgomery St, Savannah, GA 31405
Gated outdoor space supports vehicle storage alongside ongoing automotive service operations.
Property Size3,214 SF
Lot Size0.33 Acres
Price / SF$164.90
Days on Market37
Property Features for 4601 Montgomery St
General Information
Standard status
Active
Size
3,214 SF
Lot size
0.33 Acres
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1985
Buildings
1
Listing Agency:
BHHS Bay Street Realty Group
(912) 398-0932
Listed By:
Graham Paul Sadler · License #240357
Source:
Thehomesourcegroupga
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 25 at 5:39AM
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 BHHS Bay Street Realty Group
Investment Insights
Based on property information with market context.
This auto repair property includes a 3,214-square-foot building constructed in 1985 on a 0.33-acre parcel. The site features a gated, fenced yard that can accommodate vehicle storage and support shop operations. Inventory and equipment are available through separate negotiation.
The property is located at 4601 Montgomery Street in Savannah, adjacent to the Savannah Fairgrounds. Its established automotive use, enclosed yard, and existing building provide a functional configuration for an operator seeking a dedicated repair facility.
The property is located at 4601 Montgomery Street in Savannah, adjacent to the Savannah Fairgrounds. Its established automotive use, enclosed yard, and existing building provide a functional configuration for an operator seeking a dedicated repair facility.
Key Highlights
- 3,214‑square‑foot auto repair building on a 0.33‑acre lot
- Gated and fenced yard for vehicle storage
- Constructed in 1985
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
$36,485
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
6.88%
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%
$729,700
$729.7K
Cap Rate 7%
$521,214
$521.2K
Cap Rate 9%
$405,389
$405.4K
Market Conditions
NOI Build-Up for 3,214 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
$55.9K $17.40/SF
− Vacancy
−$3.8K −$1.18/SF
EGI
$52.1K $16.22/SF
− OpEx
−$15.6K −$4.87/SF
NOI
$36.5K $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 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%
$729,700
Cap Rate 7%
$521,214
Cap Rate 9%
$405,389
Alternative Uses
Best Use
Industrial
$2.47M
$2.16M – $2.89M
NOI $173,154 @ 7.0% cap · market cap 32.67%
Second Best
Retail
$521.2K
$456.1K – $608.1K
NOI $36,485 @ 7.0% cap · market cap 6.88%
Theoretical Best
Warehouse
$3.00M
$2.63M – $3.50M
NOI $210,258 @ 7.0% cap · market cap 39.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
298
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
298 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 24 Hours Tire Shop & Mobile Roadside Assistance — 5405 Montgomery St, Savannah, GA 31405
- Tom Blanchard Automotive Repair — 111 W Derenne Ave, Savannah, GA 31405
- BIG DIESEL MOBILE Truck Repair — 5 W Derenne Ave, Savannah, GA 31405
- BIG DIESEL MOBILE TRUCK & TRAILER REPAIR — 5 W Derenne Ave, Savannah, GA 31405
- ASAP Window Tinting — 112 E Derenne Ave, Savannah, GA 31405
Frequently Asked Questions
What type of property is this?
Auto shop - Gated outdoor space supports vehicle storage alongside ongoing automotive service operations.
Where is this auto shop located?
The property is located at 4601 Montgomery St Savannah, GA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 3,214‑square‑foot auto repair building on a 0.33‑acre lot; Gated and fenced yard for vehicle storage; Constructed in 1985
