Freestanding Storefront
For Sale
$375,000
8419 Ferguson Avenue, Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Property Size1,050 SF
Lot Size0.22 Acres
Price / SF$357.14
Days on Market15
Property Features for 8419 Ferguson Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
BC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Appliances
Electric Water Heater
Directions
Property located just just south of intersection of Skidaway Road and Ferguson Avenue. From Skidaway go south on Ferguson past strip center and property is on the right next to church.
Standard status
Active
APN
1037707008
Size
1,050 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 BLK 3 WOODLAWN PK
Tax Annual Amount
2054
Legal Description
LOT 1 BLK 3 WOODLAWN PK
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Building materials
Vinyl Siding, Wood Siding
Roof type
Asphalt
Listing Agency:
Parker Scott Properties
(912) 897-6320
Listed By:
John Blair Southerland · License #403553
(912) 844-8333
Added: Aug 3
Changed: Aug 13
Last Checked: Aug 17 at 12:06AM
MLS# SA362626
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 freestanding commercial building contains 1,050 square feet and was originally constructed in 1980 as a converted residence. The layout supports office or retail use and includes one bathroom. Vinyl and wood siding, an asphalt roof, central air, electric heating, and an electric water heater are in place.
The property occupies 0.22 acres in Savannah and carries BC zoning. Public water and public sewer serve the site. A florist currently occupies the building under a lease running through December 2027; the florist business itself is not part of the sale, allowing the business to continue leasing or vacate after acquisition.
The property occupies 0.22 acres in Savannah and carries BC zoning. Public water and public sewer serve the site. A florist currently occupies the building under a lease running through December 2027; the florist business itself is not part of the sale, allowing the business to continue leasing or vacate after acquisition.
Key Highlights
- 1,050‑square‑foot freestanding building on 0.22 acres
- BC zoning with office or retail utility
- Current florist lease extends through December 2027
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 - Converted residence with office or retail utility, public water and sewer, and central air.
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‑square‑foot freestanding building on 0.22 acres; BC zoning with office or retail utility; Current florist lease extends through December 2027
