Day Care Center with Live-Work
For Sale
$324,900
6 N Nicholson Circle, Savannah, GA 31419
Former daycare configuration includes bedrooms, bath areas, a bonus room, and a dedicated playroom.
Property Size2,059 SF
Price / SF$157.80
Days on Market197
Property Features for 6 N Nicholson Circle
General Information
Standard status
Active
Size
2,059 SF
Property subtype
Commercial
Zoning
R1
Site & Location
Neighborhood
Windsor Forest
Taxes and HOA fees
Annual Taxes
$1,696
Amenities
No
2
Yes
4
1
3
Assessor
Fireplace
Public
0.29
Asphalt
Fence
Slab
Public Maintained Road
Building Details
Building Size
2,059 SF
Year Built
1987
Stories
1
Listing Agency:
Keller Williams Coastal Area P
(912) 233-6000
Listed By:
Carie Kuhn · License #367083
(912) 663-2359
Source:
Baystreetrealtygroup
Added: Apr 16
Changed: Oct 25
Last Checked: Oct 28 at 5:47AM
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 Keller Williams Coastal Area P
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Investment Insights
Based on property information with market context.
This 2,059-square-foot property was formerly used as a day care center and includes a configuration suited to both business and on-site living. The layout provides 3 bedrooms, 2 full bathrooms, a bonus room with 2 half bathrooms, and a playroom.
Located at 6 N Nicholson Cir in Savannah, the property is within minutes of downtown, Oglethorpe Mall, and SCAD. Its combination of business-oriented prior use and residential-style rooms supports a live-work arrangement for an owner-operator.
Located at 6 N Nicholson Cir in Savannah, the property is within minutes of downtown, Oglethorpe Mall, and SCAD. Its combination of business-oriented prior use and residential-style rooms supports a live-work arrangement for an owner-operator.
Key Highlights
- 2,059‑square‑foot former day care center
- 3 bedrooms and 2 full bathrooms
- Bonus room with 2 half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,626
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,520
$572.5K
Cap Rate 7%
$408,943
$408.9K
Cap Rate 9%
$318,067
$318.1K
Market Conditions
NOI Build-Up for 2,059 SF
Gross rent
$45.7K $22.20/SF
− Vacancy
−$7.5K −$3.66/SF
EGI
$38.2K $18.54/SF
− OpEx
−$9.5K −$4.63/SF
NOI
$28.6K $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 Rate 5%
$572,520
Cap Rate 7%
$408,943
Cap Rate 9%
$318,067
Alternative Uses
Best Use
Office B
$408.9K
$357.8K – $477.1K
NOI $28,626 @ 7.0% cap · market cap 8.81%
Second Best
Mixed Use
$333.1K
$291.4K – $388.6K
NOI $23,314 @ 7.0% cap · market cap 7.18%
Theoretical Best
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,699 @ 7.0% cap · market cap 41.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31419, GA
55,413
Population
24,862
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
91%
High-School Grad
72.9 sq mi
ZIP Area
760
Density / Sq Mi
$70,734
Median Household Income
$35,804
Median Earnings
$1,344
Median Rent
$239,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Savannah, GA
Similar Off Market Nearby
- Pookie Bear Day Care — 6 N Nicholson Cir, Savannah, GA 31419
- The Little School at Savannah Country Day School — 824 Stillwood Dr, Savannah, GA 31419
Frequently Asked Questions
What type of property is this?
Day care center - Former daycare configuration includes bedrooms, bath areas, a bonus room, and a dedicated playroom.
Where is this day care center located?
The property is located at 6 N Nicholson Circle Savannah, GA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2,059‑square‑foot former day care center; 3 bedrooms and 2 full bathrooms; Bonus room with 2 half bathrooms
