25-Unit Furnished Extended-Stay
For Sale
$2,000,000
5013 Ogeechee Rd, Savannah, GA 31405
Each unit offers a private entrance, private bath, and full kitchen.
Property Size8,432 SF
Lot Size2.43 Acres
Price / SF$237.19
Days on Market51
Property Features for 5013 Ogeechee Rd
General Information
Standard status
Active
Size
8,432 SF
Lot size
2.43 Acres
Units
Unit Mix
25 x 1BR/1BA
Multifamily Units
25
Additional Details
Furnished
Yes
Road Access
Yes
Listing Agency:
Re/Max Savannah
(912) 660-2848
Listed By:
Amber Williams · License #243989
(912) 660-2848
Source:
Exprealty
Added: Jun 23
Changed: Aug 11
Last Checked: Aug 11 at 5:10AM
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 Re/Max Savannah
Investment Insights
Based on property information with market context.
This 25-unit extended-stay motel occupies approximately 2.43 acres and includes 8,432 square feet of improvements. The furnished one-bedroom, one-bathroom units are arranged for extended occupancy, with individual entrances, private bathrooms, and full kitchens equipped with full-sized refrigerators. Furnishings convey with the sale, subject to possible replacements noted in the property information.
The property has commercial road frontage along Ogeechee Road and US-17 in Savannah, with access to nearby Berwick Community, Chatham Parkway, shopping, dining, major employers, and interstate transportation routes. Private wells serve the property, and a current motel business license is in place.
Occupancy currently includes weekly, biweekly, and monthly tenants, with a minimum six-month stay requirement. The property also includes an established operating configuration for extended-stay use.
The property has commercial road frontage along Ogeechee Road and US-17 in Savannah, with access to nearby Berwick Community, Chatham Parkway, shopping, dining, major employers, and interstate transportation routes. Private wells serve the property, and a current motel business license is in place.
Occupancy currently includes weekly, biweekly, and monthly tenants, with a minimum six-month stay requirement. The property also includes an established operating configuration for extended-stay use.
Key Highlights
- 25 furnished one‑bedroom, one‑bathroom units
- Approximately 2.43 acres with 8,432 square feet of improvements
- Private entrance, bathroom, and full kitchen in each 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
Property Profile
Current Use
Lease Details
25
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Well-served
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
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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 - Each unit offers a private entrance, private bath, and full kitchen.
Where is this motel located?
The property is located at 5013 Ogeechee Rd 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 2.43 acres with 8,432 square feet of improvements; Private entrance, bathroom, and full kitchen in each unit
