Storefront Retail
New
For Sale
$1,950,000
6 Television Circle, Savannah, GA 31406
Commercial Sale, Savannah, GA
Property Size9,474 SF
Lot Size0.55 Acres
Price / SF$205.83
Days on Market2
Property Features for 6 Television Circle
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
BC
Security features
Security System
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Directions
From W liberty Street, turn onto Whitaker going South, turn left on W Victory Dr, then right on Bull St, the right onto 204 West, next turn left on Television Circle and the property will be on the left.
Standard status
Active
APN
2058801003C
Size
9,474 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Description
LOT 1C-2 RESUB OF LOT 1C PICADIL LY SQ
Legal Description
LOT 1C-2 RESUB OF LOT 1C PICADIL LY SQ
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Building materials
Block
Listing Agency:
AHR Commercial
(912) 354-2100
Listed By:
Brent Sappe · License #420355
(478) 319-7254
Added: Sep 30
Last Checked: Oct 1 at 9:06PM
MLS# SA365637
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 storefront retail property contains 9,474 square feet on a 0.55-acre parcel. Built in 1980 with block construction, the building has central electric heating and central air conditioning. An accessible approach ramp provides entry, and the property is served by public water and public sewer. Zoning is BC.
The property is at 6 Television Circle in Savannah, between Abercorn and White Bluff. Its current retail occupant is a thrift store.
The property is at 6 Television Circle in Savannah, between Abercorn and White Bluff. Its current retail occupant is a thrift store.
Key Highlights
- 9,474‑square‑foot storefront retail building on 0.55 acres
- Currently occupied by a thrift store
- BC zoning
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
$107,547
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
5.52%
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%
$2,150,940
$2.2M
Cap Rate 7%
$1,536,386
$1.5M
Cap Rate 9%
$1,194,967
$1.2M
Market Conditions
NOI Build-Up for 9,474 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
$164.8K $17.40/SF
− Vacancy
−$11.2K −$1.18/SF
EGI
$153.6K $16.22/SF
− OpEx
−$46.1K −$4.87/SF
NOI
$107.5K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$2,150,940
Cap Rate 7%
$1,536,386
Cap Rate 9%
$1,194,967
Alternative Uses
Best Use
Retail
$1.54M
$1.34M – $1.79M
NOI $107,547 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.85M
$7.75M – $10.33M
NOI $619,785 @ 7.0% cap · market cap 31.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Groceries 25%
Dining 18%
Parker's Kitchen
Shops & Services
28,970 visits/mo
0.5 miles
Walmart Neighborhood Market
Groceries
17,957 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,645 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
14,630 visits/mo
0.5 miles
Carrabba's Italian Grill
Dining
11,142 visits/mo
0.2 miles
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The property is occupied by a thrift store and includes central heating and air conditioning.
Where is this storefront property located?
The property is located at 6 Television Circle Savannah, GA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 9,474‑square‑foot storefront retail building on 0.55 acres; Currently occupied by a thrift store; BC zoning
