For Sale
$530,000
4601 Montgomery Street, Savannah, GA 31405
Auto shops
Property Size3,214 SF
Lot Size0.33 Acres
Price / SF$164.90
Days on Market249
Property Features for 4601 Montgomery Street
General Information
Standard status
Active
Size
3,214 SF
Lot size
0.33 Acres
Property subtype
Commercial
Zoning
BN
Additional Details
Fenced Yard
Yes
Building Details
Building Size
3,214 SF
Year Built
1985
Stories
1
Listing Agency:
BHHS Bay Street Realty Group
(912) 398-0932
Listed By:
Graham Paul Sadler
(912) 398-0932
Source:
Thomasrealtysold
Added: Dec 18, 2025
Changed: Aug 24
Last Checked: Aug 23 at 12:26PM
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.
Key Highlights
- 1985‑built auto repair facility at 4601 Montgomery St, Savannah, GA 31405
- 3,214 SF building on a 0.33‑acre lot
- Practical shop layout for automotive repair operations
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
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
- Tom Blanchard Automotive Repair — 111 W Derenne Ave, Savannah, GA 31405
- ASAP Window Tinting — 112 E Derenne Ave, Savannah, GA 31405
- BIG DIESEL MOBILE Truck Repair — 5 W Derenne Ave, Savannah, GA 31405
- 24 Hours Tire Shop & Mobile Roadside Assistance — 5405 Montgomery St, Savannah, GA 31405
- BIG DIESEL MOBILE TRUCK & TRAILER REPAIR — 5 W Derenne Ave, Savannah, GA 31405
Frequently Asked Questions
Where is this auto shop located?
The property is located at 4601 Montgomery Street 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: 1985‑built auto repair facility at 4601 Montgomery St, Savannah, GA 31405; 3,214 SF building on a 0.33‑acre lot; Practical shop layout for automotive repair operations
