Building Details

Building Size 19,173 SF

Year Built 1983

Stories 1

Listing Agency: Berkshire HathawayHomeServices Hodnett Cooper Real Estate

Listed By: Ronnie Perry · License #10395 Show Phone

Source: Evrealestate

Added: Oct 22 Changed: Oct 26 Last Checked: Oct 26 at 4:24PM

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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 Berkshire HathawayHomeServices Hodnett Cooper Real Estate

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Investment Insights

Based on property information with market context.

This storefront property at 8880 Abercorn Street in Savannah was built in 1983. Its location is in Chatham County.

Access directions place the property off the Abercorn Street frontage road, reached from GA-204 E after taking Exit 94 from I-95 N. The stated route continues about 10.3 miles on GA-204 E before turning onto the frontage road.

Key Highlights

• Storefront property at 8880 Abercorn Street, Savannah, GA 31406
• Built in 1983
• Access route uses I‑95 N Exit 94 and GA‑204 E, followed by the Abercorn Street frontage road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$217,647

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,352,940 $4.4M

Cap Rate 7%

$3,109,243 $3.1M

Cap Rate 9%

$2,418,300 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,173 SF

Gross rent

$333.6K $17.40/SF

− Vacancy

−$22.7K −$1.18/SF

EGI

$310.9K $16.22/SF

− OpEx

−$93.3K −$4.87/SF

NOI

$217.6K $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 Rate 5%

$4,352,940

Cap Rate 7%

$3,109,243

Cap Rate 9%

$2,418,300

Alternative Uses

Best Use

Retail

$3.11M

$2.72M – $3.63M (±1% cap)

NOI $217,647 @ 7.0% cap · market cap 5.51%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$17.92M

$15.68M – $20.90M (±1% cap)

NOI $1,254,289 @ 7.0% cap · market cap 31.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Abercorn Family Medical ... Medical Clinic Priscilla Ross Physician NP Physician KELLI HENDLEY, MSN, ... Pediatrician Dr. RANDOLPH BISHOP, ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Electrical Service Acupuncture Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,191

Businesses Nearby

165k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 30% Dining 30% Apparel 27% Groceries 9%

Marshalls Apparel

37,851 visits/mo 0.5 miles

Texas Roadhouse Dining

26,043 visits/mo 0.3 miles

Food Lion Grocery Store Groceries

14,630 visits/mo 0.2 miles

Krystal Dining

7,023 visits/mo 0.4 miles

Family Dollar Shops & Services

6,493 visits/mo 0.3 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The storefront building dates to 1983 and is located on Abercorn Street in Savannah.

Where is this storefront property located?

The property is located at 8880 Abercorn Street Savannah, GA.

What is the asking price?

The asking price for this property is $3,950,000.

What are key features of this property?

This property features: Storefront property at 8880 Abercorn Street, Savannah, GA 31406; Built in 1983; Access route uses I‑95 N Exit 94 and GA‑204 E, followed by the Abercorn Street frontage road