Fenced Auto Shop with Covered
For Sale
$575,000
5028 Augusta Rd, Savannah, GA 31408
Office, maintenance, canopy, and rear storage shed provide a functional automotive property configuration.
Property Size2,598 SF
Price / SF$221.32
Days on Market35
Property Features for 5028 Augusta Rd
General Information
Standard status
Active
Size
2,598 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Amenities
main office
maintenance shop
covered canopy
storage shed
Building Details
Year Built
1961
Tenancy
Single
Listing Agency:
Seabolt Real Estate
(912) 234-7887
Listed By:
Beth L. Vantosh · License #248541
Source:
Patrickrealestate
Added: Jul 27
Changed: Aug 29
Last Checked: Aug 29 at 1:17PM
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 Seabolt Real Estate
Investment Insights
Based on property information with market context.
This automotive property combines a main office with a maintenance shop, covered canopy, and a separate storage shed at the rear of the parcel. The site is fully fenced and paved, supporting an established service-oriented layout. The property was built in 1961 and is currently leased to Tanzo Motors, with availability in 2027.
Frontage along US Highway 21, also known as Augusta Road, provides direct exposure and access through two curb cuts. The property is 1.6 miles from the Port of Savannah’s Garden City Terminal and 5.5 miles from Savannah International Airport.
Frontage along US Highway 21, also known as Augusta Road, provides direct exposure and access through two curb cuts. The property is 1.6 miles from the Port of Savannah’s Garden City Terminal and 5.5 miles from Savannah International Airport.
Key Highlights
- US Highway 21 (Augusta Road) frontage with two curb cuts
- 1.6 miles from the Port of Savannah's Garden City Terminal
- 5.5 miles to Savannah International Airport
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
$38,994
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
6.78%
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%
$779,880
$779.9K
Cap Rate 7%
$557,057
$557.1K
Cap Rate 9%
$433,267
$433.3K
Market Conditions
NOI Build-Up for 2,598 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
$67.0K $25.80/SF
− Vacancy
−$7.0K −$2.71/SF
EGI
$60.0K $23.09/SF
− OpEx
−$21.0K −$8.08/SF
NOI
$39.0K $15.01/SF
Area
Savannah, GA
Vacancy
10.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
35.00%
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%
$779,880
Cap Rate 7%
$557,057
Cap Rate 9%
$433,267
Alternative Uses
Best Use
Industrial
$2.00M
$1.75M – $2.33M
NOI $139,967 @ 7.0% cap · market cap 24.34%
Second Best
Flex RnD
$557.1K
$487.4K – $649.9K
NOI $38,994 @ 7.0% cap · market cap 6.78%
Theoretical Best
Warehouse
$2.43M
$2.12M – $2.83M
NOI $169,960 @ 7.0% cap · market cap 29.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Savannah, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- On Site PM Services LLC — Main St, Garden City, GA 31408
- Strong's Repairs — #2621, Garden City, GA 31408
- Jiffy Lube — 4408 Augusta Rd, Garden City, GA 31408
- 3 Guys Garage — 4904 Augusta Rd, Garden City, GA 31408
- Southeast Motorcycle — 4828 Augusta Rd, Garden City, GA 31408
Frequently Asked Questions
What type of property is this?
Auto shop - Office, maintenance, canopy, and rear storage shed provide a functional automotive property configuration.
Where is this auto shop located?
The property is located at 5028 Augusta Rd Savannah, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: US Highway 21 (Augusta Road) frontage with two curb cuts; 1.6 miles from the Port of Savannah's Garden City Terminal; 5.5 miles to Savannah International Airport
