Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1980 Chatham Pkwy Savannah, GA 31405
    Property profile & analytics

    1980 Chatham Pkwy Savannah, GA 31405

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Palmer Allstate Agency / Insurance Agency
    • Thomas Palmer: Allstate Insurance / Insurance Agency
    • Allstate Personal Financial Representative: Andrew Freeman / Financial Advisor
    • Volt Careers / Employment Agency
    • Community Childcare Food Supplement Inc. / Social Service Agency / Charitable Organization

    Property Details for 1980 Chatham Pkwy

    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1642
    Latitude
    32.0411

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      5757 Ogeechee Rd

      Specialty properties • 1,932 SF
      5757 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      1.00 Acre

      Chatham Ctr Dr And Chatham Pkwy

      Land • 1.00 Acre
      0 Chatham Ctr Dr And Chatham Pkwy, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      5.56 Acres

      5131 Ogeechee Rd

      Land • 5.56 Acres
      5131 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      19.95 Acres

      Veterans Pkwy

      Land • 19.95 Acres
      0 Veterans Pkwy, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      1.88 Acres

      19 Southern Oaks Ct

      Land • 1.88 Acres
      19 Southern Oaks Ct, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      3.00 Acres

      Mills B Lane Blvd

      Land • 3.00 Acres
      0 Mills B Lane Blvd, Savannah, GA 31405
      View Details

    Similar Nearby for Sale

    • $90,000

      Land Available for Sale

      Land available for sale at 1810 Mills B Lane Blvd.
      1810 Mills B Lane Blvd, Savannah, GA 31405
      View Details
    • $250,000
      2.75 Acres

      Savannah Residential Land - 2.75 Acres

      Prime Savannah development site, RSF-6 zoning.
      0 62Nd St, Savannah, GA 31405
      View Details
    • $50,000
      Pending

      Savannah Land Parcel For Sale

      Land parcel available in Savannah, being sold as is.
      521 W 44Th St, Savannah, GA 31405
      View Details
    • $750,000
      5.12 Acres

      Marsh Front Land in Savannah

      5.12 acres of marsh front land with river views.
      181-199 Burton Rd, Savannah, GA 31405
      View Details
    • $193,050
      1.26 Acres

      Savannah Land by Little Ogeechee

      1.26 acres of land on the Little Ogeechee River.
      193 Burton Rd, Savannah, GA 31405
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land suitable for various business and office uses.
      Mills B Lane Blvd, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Ready Land for Lease

      Land for lease in master-planned, mixed-use development.
      Chatham Ctr Dr And Chatham Pkwy, Savannah, GA 31405
      View Details
    • $150,000

      Savannah Land Ready For Retail

      Outparcel for ground lease in master-planned mixed-use development.
      @ I-16 Chatham Pkwy, Savannah, GA 31405
      View Details
    • $3,500 /Mo
      139,392 SF

      Savannah Commercial Land Lease

      3.2 acres of vacant commercial land for lease.
      4926 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Contact for pricing

      Commercial Land on Veterans Parkway

      Prime commercial land available for ground lease or build-to-suit.
      Veterans Pkwy, Savannah, GA 31405
      View Details
    • Contact for pricing

      Savannah Retail/Office Space For Lease

      Flexible retail/office space in high-growth Savannah location.
      4410 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Lease

      Retail space available for lease in Savannah, GA.
      1940 Mills B Lane Blvd, 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.
    1980 Chatham Pkwy
    Savannah, GA 31405
    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

    Thank You for Inquiry
    1980 Chatham Pkwy, Savannah, GA, 31405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!