25-Unit Extended-Stay
For Sale
$2,000,000
5013 Ogeechee Rd, Savannah, GA 31405
Furnished one-bedroom units include private entrances, private baths, and full kitchens.
Property Size8,432 SF
Lot Size2.43 Acres
Price / SF$237.19
Days on Market48
Property Features for 5013 Ogeechee Rd
General Information
Standard status
Active
Size
8,432 SF
Lot size
2.43 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
25 x 1BR/1BA
Multifamily Units
25
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
private entrance
private bath
fully equipped kitchen
Building Details
Year Built
1952
Listing Agency:
Re/Max Savannah
Listed By:
Amber Williams · License #243989
(912) 660-2848
Source:
Southeastgahomesearch
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 7 at 4:10PM
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
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Investment Insights
Based on property information with market context.
This extended-stay motel comprises 25 furnished one-bedroom, one-bathroom units across approximately 8,432 square feet on 2.43 acres. Each unit has its own entrance, private bath, and full kitchen with a full-sized refrigerator. Furnishings convey with the sale, and a current motel business license is in place.
The property fronts Ogeechee Rd/Hwy US-17 in Savannah and offers access to nearby Berwick Community, Chatham Parkway, major employers, shopping, dining, and interstate transportation routes. Private wells serve the property, and the source information states that no city taxes or flood insurance are required.
Built in 1952, the property currently accommodates weekly, biweekly, and monthly tenants, with a minimum six-month stay required.
The property fronts Ogeechee Rd/Hwy US-17 in Savannah and offers access to nearby Berwick Community, Chatham Parkway, major employers, shopping, dining, and interstate transportation routes. Private wells serve the property, and the source information states that no city taxes or flood insurance are required.
Built in 1952, the property currently accommodates weekly, biweekly, and monthly tenants, with a minimum six-month stay required.
Key Highlights
- 25 furnished one‑bedroom, one‑bathroom units
- Approximately 8,432 square feet on 2.43 acres
- Each unit includes a private entrance, private bath, and full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,911
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
25
Residential units
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
125
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Similar Off Market Nearby
- US-80, Savannah, GA, USA — Ogeechee Rd, Savannah, GA 31405
- Sandman Motel — 5015 Ogeechee Rd, Savannah, GA 31405
- Laurel Lodge Motel — 5013 Ogeechee Rd, Savannah, GA 31405
Frequently Asked Questions
What type of property is this?
Motel - Furnished one-bedroom units include private entrances, private baths, and full kitchens.
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 8,432 square feet on 2.43 acres; Each unit includes a private entrance, private bath, and full kitchen
