Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 Hwy Savannah, GA 31405
    Property profile & analytics

    17 Hwy, Savannah, GA 31405

    View on Map
    • Retail properties & Spaces
    • 1.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 17 Hwy

    Lot size
    1.79 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional 1.79-acre commercial lot presents a prime investment opportunity in Savannah, Georgia. Located at the high-traffic intersection of Highway 17 and Salt Creek Road, near the Progressive Recreation Center, this property boasts a strategic location with convenient access to major transportation arteries. Currently zoned C-1, the land offers significant potential for rezoning to C-2, expanding development possibilities. Its proximity to Dean Forest Road, I-16, the Port of Savannah, and the new Hyundai EV Plant in Ellabell ensures high visibility and a consistent flow of potential customers. The property's versatility makes it suitable for a wide range of commercial uses, including but not limited to a gas station, car wash, or other commercial enterprises. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes and a growing population. The asking price for this 1.79-acre parcel is $625,000. The Chatham County address is 0 Hwy 17, Salt Creek Rd, Savannah, GA 31405.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1748
    Latitude
    32.0371

    Comparable in this City

    • Value Estimation
      $515,000
      3,600 SF

      848 Staley Ave

      GROCERY, SUPERMARKET
      848 Staley Ave, Savannah, GA 31405-6542
      View Details
    • Value Estimation by Request
      1,950 SF

      130 Victory Dr

      GROCERY, SUPERMARKET
      130 Victory Dr, Savannah, GA 31405-2147
      View Details
    • Value Estimation by Request
      1,368 SF

      2801 Montgomery St

      GROCERY, SUPERMARKET
      2801 Montgomery St, Savannah, GA 31405-3205
      View Details
    • Value Estimation
      $3,430,000
      4,000 SF

      4928 Ogeechee Rd

      GROCERY, SUPERMARKET
      4928 Ogeechee Rd, Savannah, GA 31405-2504
      View Details
    • Value Estimation by Request
      1,344 SF

      3707 Ogeechee Rd

      GROCERY, SUPERMARKET
      3707 Ogeechee Rd, Savannah, GA 31405-1309
      View Details
    • Value Estimation by Request
      2,501 SF

      3912 Ogeechee Rd

      GROCERY, SUPERMARKET
      3912 Ogeechee Rd, Savannah, GA 31405-1323
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Savannah Medical Office Redevelopment Opportunity

      Single-tenant medical office building with redevelopment potential on 1.8 acres.
      6301 Abercorn St, Savannah, GA 31405
      View Details
    • Contact for pricing
      6,000 SF

      Starland District Mixed-Use Property

      6,000 SF mixed-use property in Savannah's Starland District.
      112 West Victory Dr, 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
    • $1,200,000
      2,250 SF

      Savannah Commercial Property For Sale

      Commercial property in Savannah, GA, suitable for various business operations.
      5307 Montgomery St, Savannah, GA 31405
      View Details
    • Contact for pricing
      1,925 SF

      Adaptable Savannah Property For Sale

      Highly visible property suitable for office, studio, or institutional use.
      112 E De Renne Ave, Savannah, GA 31405
      View Details
    • $399,000
      0.36 Acres

      Savannah Commercial Property For Sale

      Commercial/residential property near Memorial Hospital, Savannah, GA.
      3912 Waters Avenue Ct, Savannah, GA 31405
      View Details

    Similar Nearby for Lease

    • 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
      5,000 SF

      Retail Units in Live Oak

      Retail units available in Live Oak Shopping Center.
      5500 White Bluff Rd, Savannah, GA 31405
      View Details
    • Contact for pricing
      2,680 SF

      Retail Space on Abercorn Street

      Retail space available for lease on Abercorn Street.
      5525 Abercorn St, Savannah, GA 31405
      View Details
    • $2,325 /Mo
      8,407 SF

      Savannah Retail Space For Rent

      1,550 sq ft retail space in high-traffic Savannah location.
      605 E 69Th St, 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
    • 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
    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.
    17 Hwy
    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
    17 Hwy, 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!