Fenced Brick Office
For Sale
$420,000
Pending
4809 Augusta Road, Savannah, GA 31408
Commercial Sale, Savannah, GA
Property Size2,592 SF
Lot Size0.19 Acres
Days on Market751
Property Features for 4809 Augusta Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RIN
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Exterior features
Fence
Fencing
Fenced
Appliances
Electric Water Heater
Directions
From I-95 Exit 109 head east into Garden City 5.85 miles and the two story brick building on the right.
Standard status
Pending
APN
6001303017
Size
2,592 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Commercial Property
Tax Annual Amount
4908
Legal Description
Commercial Property
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Flooring type
Vinyl
Building materials
Brick
Listing Agency:
eXp Realty LLC
(888) 959-9461
Listed By:
Jason E. Bragg · License #442299
(912) 429-6193
Added: Aug 12, 2024
Changed: Aug 19
Last Checked: Sep 1 at 12:06PM
MLS# SA317068
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.
Built in 1984, this 2,592-square-foot brick commercial building occupies a 0.19-acre fenced parcel. The interior includes vinyl flooring and a bathroom, with central electric heating and central air conditioning. The property is classified as an office building and is described as suitable for either office or retail use.
Located on Augusta Road in Savannah, the property has public water and public sewer service. RIN zoning is identified for the site, and an electric water heater is included. The building’s compact footprint and established construction provide a straightforward commercial setting for a range of business operations supported by the existing layout.
Located on Augusta Road in Savannah, the property has public water and public sewer service. RIN zoning is identified for the site, and an electric water heater is included. The building’s compact footprint and established construction provide a straightforward commercial setting for a range of business operations supported by the existing layout.
Key Highlights
- 2,592 SF office building on a 0.19‑acre parcel
- Brick construction completed in 1984
- Fenced site with vinyl flooring
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
$36,036
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
8.58%
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%
$720,720
$720.7K
Cap Rate 7%
$514,800
$514.8K
Cap Rate 9%
$400,400
$400.4K
Market Conditions
NOI Build-Up for 2,592 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
$57.5K $22.20/SF
− Vacancy
−$9.5K −$3.66/SF
EGI
$48.0K $18.54/SF
− OpEx
−$12.0K −$4.63/SF
NOI
$36.0K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$720,720
Cap Rate 7%
$514,800
Cap Rate 9%
$400,400
Alternative Uses
Best Use
Office B
$514.8K
$450.5K – $600.6K
NOI $36,036 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.42M
$2.12M – $2.83M
NOI $169,567 @ 7.0% cap · market cap 40.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial building with office or retail flexibility, central HVAC, public utilities, and a fenced site.
Where is this office building located?
The property is located at 4809 Augusta Road Savannah, GA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,592 SF office building on a 0.19‑acre parcel; Brick construction completed in 1984; Fenced site with vinyl flooring
