Industrial Property Near Savannah
2015 Mills B Ln Blvd Savannah, GA 31405
2015 Mills B Ln Blvd, Savannah, GA, 31405
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For Sale
Contact for pricing
8500 sq ft industrial building near Savannah and Garden City.
Property Size8,500 SF
Price / SF$176.47
Days on Market716
Property Features for 2015 Mills B Ln Blvd
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1977
Listing Agency
RE/MAX Savannah
(912) 748-7778
Listed by
Holly Young · License #168533
Source
Crexi
Added: Aug 1, 2024 Checked: Jul 15 at 2:53 pm
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 RE/MAX Savannah
Investment Insights
Based on property information with market context.
This 8500 sq ft property is zoned ILR (Light Industrial Restricted) and features a location near Ogeechee Road and Lynes Parkway. Its location offers proximity to downtown Savannah, Garden City, and the Georgia Ports Authority. The building includes 5 offices and a large warehouse space. The property is tenant-occupied, with a 60-day notice required for the tenant to vacate.
Key Highlights
- Zoned ILR (Light Industrial Restricted) offering versatile usage options.
- Strategic location near Ogeechee Road and Lynes Parkway.
- Close proximity to downtown Savannah, Garden City, and Georgia Ports Authority.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $188.7k | $22.20 |
| − Vacancy | −$31.1k | −$3.66 |
| EGI | $157.6k | $18.54 |
| − OpEx | −$39.4k | −$4.63 |
| NOI | $118.2k | $13.90 |
8,500 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$7.94M
$6.95M – $9.27M
NOI $556,066 @ 7.0% cap · market cap 37.07%
Second Best
Industrial
$6.54M
$5.72M – $7.63M
NOI $457,937 @ 7.0% cap · market cap 30.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Morris Hardwood Distribution
Big Box & Wholesale Store
Coastal Heart Pine ...
Corporate Office
Similar For Sale Nearby
Similar Off Market Nearby
- Mayflower — 5003 Liberty Pkwy, Savannah, GA 31405
- Juliana Group Inc — rc TD rrr, 1610 Staley Ave, Savannah, GA 31405
- Coastal Moving & Storage, Inc. — 88 Ross Rd, Savannah, GA 31405
- Fountain Moving & Storage Co. — 3507 Edwin St, Savannah, GA 31405
- Nilson Van & Storage — 5003 Liberty Pkwy, Savannah, GA 31405
FAQs
What type of property is this?
Warehouse - 8500 sq ft industrial building near Savannah and Garden City.
Where is this warehouse located?
The property is located at 2015 Mills B Ln Blvd Savannah, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Zoned ILR (Light Industrial Restricted) offering versatile usage options.; Strategic location near Ogeechee Road and Lynes Parkway.; Close proximity to downtown Savannah, Garden City, and Georgia Ports Authority.
