Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    129 Salt Creek Rd Savannah, GA 31405
    Back to Search
    Property profile & analytics

    129 Salt Creek Rd, Savannah, GA 31405

    View on Map
    • Mobile home & RV parks
    • 78.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 129 Salt Creek Rd

    Lot size
    78.80 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Residential income homes

    Description

    This exceptional 78.8-acre property in Savannah, Georgia, presents a remarkable development opportunity. Situated just off Highway 17, this land boasts 39 acres of upland and a one-acre island, offering stunning natural beauty and convenient access to major transportation arteries. Its strategic location near Dean Forest Road, I-16, and the Port of Savannah, coupled with its proximity to the new Hyundai EV Plant in Ellabell, ensures high visibility and significant potential for growth. The property is zoned R-1, providing flexibility for various development projects, including a gated community, multifamily complex, or apartments. The expansive acreage allows for a large-scale development, catering to the increasing demand for residential options in the area. This unique blend of natural beauty and strategic location makes it an ideal investment for developers seeking to create a high-demand residential community. The property consists of two buildings, three stories each, classified as Class B. This prime parcel of land offers unparalleled potential for significant returns.

    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
    -81.1937
    Latitude
    32.0516

    Comparable in this City

    • Value Estimation by Request
      1,608 SF

      512 44Th St

      Multifamily properties
      512 44Th St, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      5.52 Acres

      5127 Ogeechee Rd

      Multifamily properties
      5127 Ogeechee Rd, Savannah, GA 31405
      View Details
    • Value Estimation by Request
      5,308 SF

      4707 Ogeechee Rd

      MOBILE HOME PARK, TRAILER PARK
      4707 Ogeechee Rd, Savannah, GA 31405-1211
      View Details
    • Value Estimation
      $3,045,000
      5.00 Acres

      112 Salt Crk Rd

      MOBILE HOME PARK, TRAILER PARK
      112 Salt Crk Rd, Savannah, GA 31405-1108
      View Details
    • Value Estimation
      $2,250,000
      25.67 Acres

      4711 Ogeechee Rd

      MOBILE HOME PARK, TRAILER PARK
      4711 Ogeechee Rd, Savannah, GA 31405-1214
      View Details
    • Value Estimation by Request
      0.62 Acres

      2102 Dodge Ave

      MOBILE HOME PARK, TRAILER PARK
      2102 Dodge Ave, Savannah, GA 31405-7301
      View Details

    Similar Nearby for Sale

    • $550,000
      Pending

      Savannah Multifamily Investment Opportunity

      Six-unit multifamily property near Ardsley Park, Savannah.
      4906 Bull St, Savannah, GA 31405
      View Details
    • $750,000
      4,752 SF

      Savannah Multifamily Investment Opportunity

      Turnkey 5-unit apartment building with strong rental history and cash flow.
      9 Hampstead Ave, Savannah, GA 31405
      View Details
    • Contact for pricing
      4,158 SF

      Miami Vice-Style Home with Apartment

      Custom-built home with attached apartment, ideal for Airbnb.
      102 Stuart St, Savannah, GA 31405
      View Details
    • Contact for pricing
      3,980 SF

      Savannah Quadplex on Bull Street

      Well-maintained quadplex in desirable Ardsley Park location.
      3411 Bull St, Savannah, GA 31405
      View Details
    • New
      $355,000
      1,600 SF

      Savannah Duplex: Income Potential

      Duplex in Savannah, GA, ideal for investors or owner-occupants.
      13 W 52Nd St, Savannah, GA 31405
      View Details
    • $285,000
      1,560 SF

      Savannah Duplex on Corner Lot

      Duplex near Bull Street with two units and detached garages.
      126 W 59Th St, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,658 SF

      Mixed-Use Property For Rent

      Two-story mixed-use property with retail and apartments available for lease.
      4415 Bull St, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,456,000 SF

      Savannah Distribution Center For Lease

      Large distribution center with cross-dock configuration, near ocean terminals.
      100 Landmark Blvd, 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

      Commercial Space with Private Parking

      Commercial space with restroom, retail counter, and private parking.
      2705 Martin Luther King Jr Blvd, Savannah, GA 31405
      View Details
    • Contact for pricing
      150,000 SF

      Central Port Logistics Center

      Savannah, GA: Class A Flex Warehouses
      0 Veterans Pkwy, Savannah, GA 31405
      View Details
    • $17 SF/Yr

      Class A Business Park Space

      High-quality office, distribution, and showroom space for lease.
      7001 Chatham Center Dr, 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.
    129 Salt Creek Rd
    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
    129 Salt Creek Rd, 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!