908 ABERCORN ST, Savannah, GA 31401

Building Details

Year Built 1956 More

Year Renovated 1986 More

Buildings 1 More

Stories 1 More

Units 1 More

Listing Agency: Cushman & Wakefield - Savannah, Georgia

Listed By: John Gilbert · License #GA 315616 Show Phone

Source: Crexi

Added: Aug 3 Changed: Nov 6 Last Checked: Nov 8 at 7:07AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use property is configured as a medical office building with off-street parking. Constructed in 1956, the asset carries TN-2 zoning and offers an established commercial building format suited to office and medical office use.

The property is positioned in Downtown Savannah, one block from Forsyth Park. The surrounding area includes Hotel Bardo, SCAD’s redevelopment of Chatham Apartments, and SEDA’s headquarters, with major neighborhood investment underway.

Key Highlights

• Medical office building with off‑street parking
• TN‑2 zoning supports the property’s commercial setting
• Located in Downtown Savannah, one block from Forsyth Park

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,429

Cap Rate

4.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,088,580 $1.1M

Cap Rate 7%

$777,557 $777.6K

Cap Rate 9%

$604,767 $604.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,915 SF

Gross rent

$86.9K $22.20/SF

− Vacancy

−$14.3K −$3.66/SF

EGI

$72.6K $18.54/SF

− OpEx

−$18.1K −$4.63/SF

NOI

$54.4K $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%

$1,088,580

Cap Rate 7%

$777,557

Cap Rate 9%

$604,767

Alternative Uses

Best Use

Office B

$777.6K

$680.4K – $907.2K (±1% cap)

NOI $54,429 @ 7.0% cap · market cap 4.19%

Second Best

Healthcare Medical

$710.6K

$621.8K – $829.1K (±1% cap)

NOI $49,745 @ 7.0% cap · market cap 3.83%

Theoretical Best

Office A

$1.06M

$924.9K – $1.23M (±1% cap)

NOI $73,994 @ 7.0% cap · market cap 5.69%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Midtown Foot Clinic, ... Physician midtown foot clinic Medical Clinic

Suggested Use

Top Pick Plumbing Service Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service Locksmith

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

1,849

Businesses Nearby

Explore this area Business Placement

Demographics for 31401, GA

22,927

Population

11,832

Households

1.9

Avg Household Size

28

Median Age

48%

College-Educated

91%

High-School Grad

3.4 sq mi

ZIP Area

6,743

Density / Sq Mi

$50,182

Median Household Income

$27,309

Median Earnings

$1,428

Median Rent

$477,600

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Savannah, GA

$477 Jul

$533 Aug

$499 Sep

$446 Oct

Properties on Market for Mixed-use properties in Savannah

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Savannah, GA

13.1% 2019

9.9% 2020

8.7% 2021

8.4% 2022

4.3% 2023

4.9% 2024

3.1% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Medical office property with off-street parking in Downtown Savannah near Forsyth Park.

Where is this mixed-use property located?

The property is located at 908 ABERCORN ST Savannah, GA.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Medical office building with off‑street parking; TN‑2 zoning supports the property’s commercial setting; Located in Downtown Savannah, one block from Forsyth Park