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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    00 Sailboat Pt Savannah, TN 38372

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 00 Sailboat Pt

    Property type
    Land

    Description

    This exceptional 0.25-acre wooded lot, encompassing 10,890 square feet, presents a remarkable opportunity in the desirable Pelican Pointe subdivision of the Northshore community, located in Savannah, Tennessee, zip code 38372. Situated on Sailboat Point, this property offers the perfect canvas to build your dream home and enjoy the tranquility of Pickwick Lake. The lot is conveniently located near essential amenities, with readily available electric, water, sewer, and natural gas services at the street. HOA restrictions are in place. For recreation enthusiasts, the Pickwick Landing Marina, golf course, and boat ramp are a mere 10-minute drive away, providing easy access to lake activities. Embrace the lake lifestyle with this prime piece of land, ideal for constructing a primary residence or a relaxing vacation retreat. The asking price for this exceptional property is $14,900. This commercial and residential zoned land offers a unique blend of investment potential and recreational enjoyment. Don't miss this chance to own a piece of Pickwick Lake paradise.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Hardin
    State
    Tennessee
    Longitude
    -88.2214
    Latitude
    35.0825

    Comparable in this City

    • Value Estimation by Request

      00 Breeze Pt

      Land
      00 Breeze Pt, Savannah, TN 38372
      View Details
    • Value Estimation by Request
      1.03 Acres

      98 Cravens Rd

      Farms • 1.03 Acres
      98 Cravens Rd, Savannah, TN 38372
      View Details
    • Value Estimation
      $360,000
      6,000 SF

      103 Austin St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,000 SF
      103 Austin St, Savannah, TN 38372
      View Details
    • Value Estimation
      $245,000
      1,275 SF

      4050 Hwy 128

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,275 SF
      4050 Hwy 128, Savannah, TN 38372-7161
      View Details
    • Value Estimation
      $1,180,000
      3,618 SF

      20 Oak Hl Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,618 SF
      20 Oak Hl Dr, Savannah, TN 38372-3492
      View Details
    • Value Estimation
      $460,000
      6,622 SF

      345 Stout St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,622 SF
      345 Stout St, Savannah, TN 38372-3396
      View Details

    Similar Nearby for Sale

    • $99,000
      0.15 Acres

      Waterfront Lot with Boat Slip

      Private waterfront lot with boat slip on Pickwick Lake.
      3 Breezey, Savannah, TN 38372
      View Details
    • $299,999
      1.03 Acres

      Riverfront Land with RV and Pavilion

      River Run Estates land with camper, pavilion, and optional boat.
      6235 Cravens Rd, Savannah, TN 38372
      View Details
    • $94,900
      1.31 Acres

      Tennessee Riverfront Lot in Savannah

      1.31-acre riverfront lot with community boat ramp access.
      95 Cravens Rd, Savannah, TN 38372
      View Details
    • Contact for pricing
      Pending

      Land Near Tennessee River

      0.35-acre lot near Tennessee River, perfect for outdoor enthusiasts.
      Arnold Ln, Savannah, TN 38372
      View Details
    • $79,900
      5.78 Acres

      Land in Savannah, Tennessee

      5.78 +/- acre corner lot with utilities and trees.
      69, Savannah, TN 38372
      View Details
    • $152,500
      0.70 Acres

      River Lot in Gated Community

      Turnkey water view property with camper and amenities in Savannah.
      205 Bynum Terry, Savannah, TN 38372
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,514 SF

      Savannah TN Office/Warehouse Space

      14,514 SF Office/Warehouse on 1.7 Acres
      1240 Florence Rd, Savannah, TN 38372
      View Details
    • Contact for pricing
      4,990 SF

      Savannah Retail Space - Walmart Shadow Center

      High-traffic retail space near Walmart & Lowe's.
      1800 Wayne Rd, Savannah, TN 38372
      View Details
    • Contact for pricing
      4,990 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with anchor tenants.
      1860 Wayne Rd, Savannah, TN 38372
      View Details
    • Contact for pricing
      4,736 SF

      Savannah Retail Space - 4,736 SF

      Prime Savannah retail space, 4,736 sq ft, single tenant, built 2010.
      180 Florence Rd, Savannah, TN 38372
      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.
    00 Sailboat Pt
    Savannah, TN 38372
    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.