Furnished Extended-Stay
For Sale
$2,000,000
5013 - A Ogeechee Road, Savannah, GA 31405
MULTI_FAMILY - Ranch - Savannah, GA
Property Size8,432 SF
Lot Size2.43 Acres
Price / SF$237.19
Days on Market50
Property Features for 5013 - A Ogeechee Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
AT
Zoning description
Commercial, Single Family
Bedrooms
25
Bathrooms
25
Full bathrooms
25
Rooms
Bedroom 7, Bathroom 2, Bathroom 14, Bathroom 17, Bedroom 4, Bathroom 11, Bathroom 15, Bathroom 9, Bedroom 20, Bedroom 6, Bathroom 23, Bathroom 7, Bedroom 21, Bathroom 18, Bedroom 3, Bedroom 12, Bathroom 21, Bedroom 15, Bathroom 16, Bedroom 18, Bedroom 17, Bathroom 25, Bedroom 8, Bedroom 10, Bathroom 3, Bedroom 16, Bedroom 19, Bedroom 22, Bathroom 19, Bedroom 2, Bathroom 12, Bathroom 5, Bathroom 22, Bedroom 13, Bathroom 20, Bedroom 25, Bedroom 1, Bathroom 6, Bedroom 9, Bathroom 24, Bedroom 11, Bathroom 4, Bathroom 1, Bedroom 14, Bathroom 13, Bedroom 5, Bedroom 23, Bathroom 10, Bedroom 24, Bathroom 8
Parking features
Parking Lot, Off Street
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s)
Fencing
Privacy
Appliances
Electric Water Heater, Gas Water Heater, Microwave, Range, Refrigerator
Subdivision
Laurel Lodge Sub
Lot features
Greenbelt, Interior Lot, Irregular Lot
Directions
E Derenne Ave to GA-21/I-516 W, take exit 2 Veteran's Pkwy, Take Chatham Parkway exit follow signs to US-17, Turn Left on US-17/Ogeechee Rd. Property on left 1.5 miles with Red/rust colored privacy fence. Laurel Lodge sign
Standard status
Active
APN
1095603008-001
Size
8,432 SF
Lot size
2.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 LAUREL LODGE SUB
Tax Annual Amount
5762
Legal Description
LOT 3 LAUREL LODGE SUB
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Electric (Heating), Wall Furnace
Cooling system
Window Unit(s), Electric
Water source
Well, Private
Building Details
Year built
1952
Floors in Building
1
Number of units
1
Flooring type
Tile, Tile - Ceramic
Building materials
Brick, Frame
Roof type
Composition, Metal, Asphalt
Architectural style
Ranch
Additional Structures
Outbuilding
Listing Agency:
Re/Max Savannah · RE/MAX International
(912) 355-7711
Listed By:
Amber Williams · License #243989
(912) 660-2848
Added: Jun 23
Changed: Aug 10
Last Checked: Aug 11 at 12:06AM
MLS# SA358919
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 25-unit motel property offers furnished one-bedroom, one-bathroom accommodations across approximately 8,432 square feet. Every unit has its own entrance, private bath, full-sized refrigerator, range, microwave, and kitchen area. Furnishings convey with the sale. The property was built in 1952 and includes brick and frame construction, tile flooring, window-unit cooling, wall furnaces, patios, porches, privacy fencing, and on-site parking.
Set on approximately 2.43 acres along Ogeechee Road, also identified as US-17, the property has commercial road frontage and convenient access to interstate transportation routes. Berwick Community, Chatham Parkway, employers, shopping, and dining are identified in the surrounding area. Private wells and a septic system serve the property, and a current motel business license is in place.
Tenant arrangements currently include weekly, biweekly, and monthly occupancy, with a minimum six-month stay requirement. The unit configuration, furnishings, and kitchen equipment support extended-stay operations.
Set on approximately 2.43 acres along Ogeechee Road, also identified as US-17, the property has commercial road frontage and convenient access to interstate transportation routes. Berwick Community, Chatham Parkway, employers, shopping, and dining are identified in the surrounding area. Private wells and a septic system serve the property, and a current motel business license is in place.
Tenant arrangements currently include weekly, biweekly, and monthly occupancy, with a minimum six-month stay requirement. The unit configuration, furnishings, and kitchen equipment support extended-stay operations.
Key Highlights
- 25 furnished one‑bedroom, one‑bathroom units
- Approximately 8,432 square feet on 2.43 acres
- Private entrances, baths, and equipped kitchens in every unit
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
$82,911
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
4.15%
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%
$1,658,220
$1.7M
Cap Rate 7%
$1,184,443
$1.2M
Cap Rate 9%
$921,233
$921.2K
Market Conditions
NOI Build-Up for 8,432 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
$160.9K $19.08/SF
− Vacancy
−$10.1K −$1.20/SF
EGI
$150.7K $17.88/SF
− OpEx
−$67.8K −$8.05/SF
NOI
$82.9K $9.83/SF
Area
Savannah, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
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%
$1,658,220
Cap Rate 7%
$1,184,443
Cap Rate 9%
$921,233
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.04M – $1.38M
NOI $82,911 @ 7.0% cap · market cap 4.15%
Second Best
Hotel Hospitality
$1.08M
$941.0K – $1.25M
NOI $75,278 @ 7.0% cap · market cap 3.76%
Theoretical Best
Warehouse
$7.88M
$6.90M – $9.19M
NOI $551,618 @ 7.0% cap · market cap 27.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sandman Motel — 5015 Ogeechee Rd, Savannah, GA 31405
- Laurel Lodge Motel — 5013 Ogeechee Rd, Savannah, GA 31405
- US-80, Savannah, GA, USA — Ogeechee Rd, Savannah, GA 31405
Frequently Asked Questions
What type of property is this?
Motel - Furnished one-bedroom units provide private entrances, bathrooms, and full kitchens for extended occupancy.
Where is this motel located?
The property is located at 5013 - A Ogeechee Road Savannah, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 25 furnished one‑bedroom, one‑bathroom units; Approximately 8,432 square feet on 2.43 acres; Private entrances, baths, and equipped kitchens in every unit
