Freestanding Storefront
For Sale
$375,000
8419 Ferguson Avenue, Savannah, GA 31406
Freestanding commercial building with central air and flexible office or retail utility.
Property Size1,050 SF
Price / SF$357.14
Days on Market21
Property Features for 8419 Ferguson Avenue
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$2,054
Amenities
None, Central Air, Electric
3
No Parking, Asphalt, Gravel.
Other, None, Asphalt, Gravel Road.
Building Details
Year Built
1980
Buildings
1
Tenancy
Single
Listing Agency:
(912) 844-8333
Listed By:
Parker Scott Properties
(912) 844-8333
Source:
Xome
Added: Jul 30
Changed: Aug 19
Last Checked: Aug 19 at 5:13AM
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 Parker Scott Properties
Investment Insights
Based on property information with market context.
This freestanding commercial property occupies a 1,050 Sq Ft converted residence built in 1980. The building offers practical office or retail utility and includes central air with electric service. Exterior surfaces include asphalt and gravel, while the property is identified as having no parking.
The property is located at 8419 Ferguson Avenue in Savannah, Georgia, within the Sandfly area. An existing florist occupies the building under a lease extending through December 2027. The florist business is not part of the sale; the tenant may remain in place or vacate at the end of the lease term.
The property is located at 8419 Ferguson Avenue in Savannah, Georgia, within the Sandfly area. An existing florist occupies the building under a lease extending through December 2027. The florist business is not part of the sale; the tenant may remain in place or vacate at the end of the lease term.
Key Highlights
- 1,050 Sq Ft freestanding converted residence
- Office or retail utility
- Central air with electric service
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
$11,919
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
3.18%
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%
$238,380
$238.4K
Cap Rate 7%
$170,271
$170.3K
Cap Rate 9%
$132,433
$132.4K
Market Conditions
NOI Build-Up for 1,050 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
$18.3K $17.40/SF
− Vacancy
−$1.2K −$1.18/SF
EGI
$17.0K $16.22/SF
− OpEx
−$5.1K −$4.87/SF
NOI
$11.9K $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%
$238,380
Cap Rate 7%
$170,271
Cap Rate 9%
$132,433
Alternative Uses
Best Use
Retail
$170.3K
$149.0K – $198.7K
NOI $11,919 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$981.3K
$858.6K – $1.14M
NOI $68,691 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
308k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 58%
Shops & Services 26%
Dining 15%
Electronics 1%
Walmart
Superstores
100,677 visits/mo
0.5 miles
Sam's Club
Superstores
76,600 visits/mo
0.4 miles
Parker's Kitchen
Shops & Services
34,328 visits/mo
0.5 miles
McDonald's
Dining
23,659 visits/mo
0.5 miles
Sam's Club Gas Station
Shops & Services
20,937 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sandfly Flower Shop — 8419 Ferguson Ave, Savannah, GA 31406
- Sam's Club Floral — 1975 E Montgomery Cross Rd, Savannah, GA 31406
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with central air and flexible office or retail utility.
Where is this storefront property located?
The property is located at 8419 Ferguson Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,050 Sq Ft freestanding converted residence; Office or retail utility; Central air with electric service
