Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    8 Victory Dr Savannah, GA 31405-1714

    • Investment properties
    • 2,125 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    7.3%
    Investment properties
    Location Intelligence
    Property ID
    US22-1102422
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 8 Victory Dr

    Year built
    1890
    Lot size
    0.08 lot acres
    Property size
    2,125 SF
    Zone code
    BN
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    2-0074 -24-006
    APU
    2007424006

    Description

    This exceptional 2,125 square foot mixed-use building, constructed in 1890, presents a unique investment opportunity in Savannah's vibrant midtown. Situated on a 3,354 square foot lot (40' x 90'), this historic structure, located within the Streetcar Historic District, offers significant potential. The property is currently vacant, allowing for complete customization. While much of the original historic fabric remains, a full renovation is needed to realize its full potential. The building's commercial zoning (TC-2) opens doors to various uses, and its historic nature may qualify it for potential tax credits. Benefitting from a high-traffic location, the property is adjacent to a busy fast-food restaurant and directly across from the SCAD-owned "One West Victory" development. The desirable Starland district is also within easy walking distance. The asking price is $589,000, translating to $277.18 per square foot. This presents a compelling opportunity to acquire a piece of Savannah's rich history and capitalize on its thriving commercial landscape. The property's APN is 2007424006.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $370,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $520,000
      Market price range: $411k - $2.18M
      AI Estimate
      $216,000
      Market price range: $168k - $976k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1026
    Latitude
    32.0527
    CBSA code
    42340
    CBSA name
    SAVANNAH, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $33,720
    $17,800
    $51,520
    -
    $84,300
    $44,500
    $128,800

    Comparable in this City

    • Value Estimation
      $760,000
      1,056 SF

      3001 Bull St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,056 SF
      3001 Bull St, Savannah, GA 31405-2022
      View Details
    • Value Estimation
      $340,000
      7,175 SF

      3109 Habersham St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,175 SF
      3109 Habersham St, Savannah, GA 31405-2251
      View Details
    • Value Estimation by Request
      1,608 SF

      512 44Th St

      Multifamily properties • 1,608 SF
      512 44Th St, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      78.80 Acres

      129 Salt Creek Rd

      Multifamily properties • 78.80 Acres
      129 Salt Creek Rd, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      5.52 Acres

      5125-5127 Ogeechee Rd

      Commercial real estate • 5.52 Acres
      5125-5127 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Value Estimation
      $335,000
      0.52 Acres

      5405 Montgomery St

      VEHICLE SALES, RENTALS • 0.52 Acres
      5405 Montgomery St, Savannah, GA 31405-6815
      View Details

    Similar Nearby for Sale

    • $325,000
      1,608 SF

      Savannah Victorian Single Family Home

      Charming 3-bed, 1,608 sq ft Victorian. Investor-ready.
      512 44Th St, Savannah, GA 31405
      View Details
    • $3,600,000
      78.80 Acres

      Savannah Multifamily Development Opportunity

      78.8 Acres, Prime Savannah Location
      129 Salt Creek Rd, Savannah, GA 31405
      View Details
    • $1,250,000
      8,500 SF

      Savannah Flex Space Investment Opportunity

      8,500 SF Flex Space, $1.25M
      2015 Mills B Lane Blvd, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,763 SF

      Savannah Retail Space - Drive-Thru Ready

      Prime Savannah location, 1763 sq ft retail space.
      4119 Montgomery St, Savannah, GA 31405
      View Details
    • $1,550,000
      4.97 Acres

      Savannah Commercial Land - Ogeechee Rd

      4.97 Acres, Prime Redevelopment Site
      5659 Ogeechee Rd, Savannah, GA 31405
      View Details
    • $675,000
      2.27 Acres

      Savannah Retail Opportunity: High-Traffic Location

      Prime Retail Space, Ogeechee Road Corridor, 2.27 Acres
      3810 Ogeechee Rd, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • $1,450 /Mo
      1,025 SF

      Renovated 3-Bedroom Upper Unit

      Completely renovated 3-bedroom, 1-bath upper unit with modern amenities.
      1000 W 53Rd St, Savannah, GA 31405
      View Details
    • $20 SF/Yr
      56,961 SF

      Class A Business Park Space

      High-quality office, distribution, and showroom space in Savannah's Chatham Center.
      8001 Chatham Center Dr, Savannah, GA 31405
      View Details
    • Contact for pricing
      284,580 SF

      Rockingham Farms Warehouse Space

      Class A Warehouse, 284,580 SF, Q1 2025 Delivery
      0 Warehouse Dr, Savannah, GA 31405
      View Details
    • Contact for pricing
      4,387 SF

      Savannah Industrial Space for Lease

      Flex Warehouse Space in Savannah, GA
      3501 Edwin St, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,763 SF

      Savannah Retail Space - Prime Location

      1,763 SF Retail Space, High Visibility
      4119 Montgomery St, Savannah, GA 31405
      View Details
    • $49 SF/Yr
      4,200 SF

      Abercorn St. ATM Space For Lease

      Prime Savannah ATM, High Traffic Area
      6999 Abercorn St, Savannah, GA 31405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8 Victory Dr
    Savannah, GA 31405-1714
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.