Financial
Distress signals
Property profile

24 Drayton St Savannah, GA 31401

FOR LEASE
Office buildings
Property ID
US22-0744202
5,972 SF 0.14 ac lot Built 1921
Last sale Sep 2023 · $14,225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Realty Building, located at 24 Drayton Street in Savannah, Georgia, offers exceptional office space in the heart of the Central Business District. This Class B, 55,560 square foot building, constructed in 1921, boasts ten stories and provides stunning views of the city. Its prime location between Johnson and Reynolds Squares places businesses within easy reach of Savannah's most vibrant commercial activity. The building's multiple tenancy structure offers flexibility for businesses of

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$2.77M
Assessed land$319k
Assessed improvement$2.45M

Value estimate

· Sep 2026
$18.59M
$16.73M – $20.44M
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$7k
Operating expenses−$8k
NOI · 77,637.50% cap applied$25k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$448/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$206 – $791

Cap rate analysis

How does the asset earn?
77,637.50%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BC1
JurisdictionCHATHAM

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.5
Auto Parts Store9.8
Veterinary Clinic8.9

Location

24 Drayton St Savannah, GA 31401
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17 Perry, Savannah, GA 31401-3916 $799,900 Jul 2024 6,668 SF
1211 Bull, Savannah, GA 31401-6785 $2,500,000 Apr 2024 5,968 SF
301 York, Savannah, GA 31401-3637 $2,500,000 Jun 2023 3,840 SF
520 Oglethorpe, Savannah, GA 31401-4104 $1,547,000 Dec 2022 5,144 SF
1719 Abercorn, Savannah, GA 31401-7523 $1,650,000 Jun 2022 6,606 SF
317 Tattnall, Savannah, GA 31401-4343 $650,000 Jun 2022 3,345 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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