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    1 Foundation Dr Savannah, GA 31408-2211

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    1 Foundation Dr Savannah, GA 31408-2211

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    • Manufacturing properties
    • 6,520 SF
    • 60.04 lot acres
    Off-Market
    Property ID
    US22-1450920
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,165,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Owens Corning Savannah Roofing Plant / Industrial Manufacturer / Production Facility

    Property Details for 1 Foundation Dr

    Year built
    1956
    Lot size
    60.04 lot acres
    Property size
    6,520 SF
    Zone code
    I-H
    Property type
    Manufacturing properties
    APN
    1-0624 -01-001
    APU
    1062401001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,855,000
      6.5%
      $5,405,000
      7%
      $5,020,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,585,000
      Current use
      WAREHOUSE, STORAGE
      $4,200,000
      Change: +17% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,760,000
      Change: +5% Conversion: Difficult
      RESTAURANT
      $3,565,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1368
    Latitude
    32.1008
    CBSA code
    42340
    CBSA name
    SAVANNAH, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $1,012,040
    $1,580,880
    $2,592,920
    -
    $2,530,100
    $3,952,200
    $6,482,300

    Comparable in this City

    • Value Estimation
      $2,375,000
      3,648 SF

      500 Gulfstream Rd

      HEAVY MANUFACTURING • 3,648 SF
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      View Details
    • Value Estimation
      $525,000
      6,232 SF

      2837 Us Hwy 80th W

      MANUFACTURING (LIGHT) • 6,232 SF
      2837 Us Hwy 80th W, Garden City, GA 31408-2928
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    • Value Estimation
      $5,220,000
      8,100 SF

      214 Brampton Rd

      HEAVY MANUFACTURING • 8,100 SF
      214 Brampton Rd, Savannah, GA 31408-2207
      View Details
    • Value Estimation
      $2,940,000
      4,514 SF

      1 Brampton Rd

      HEAVY MANUFACTURING • 4,514 SF
      1 Brampton Rd, Savannah, GA 31408-2109
      View Details
    • Value Estimation
      $1,585,000
      10,160 SF

      5574 Export Blvd

      MANUFACTURING (LIGHT) • 10,160 SF
      5574 Export Blvd, Savannah, GA 31408-9759
      View Details
    • Value Estimation
      $1,485,000
      1,980 SF

      7 Hangar Ct

      MANUFACTURING (LIGHT) • 1,980 SF
      7 Hangar Ct, Garden City, GA 31408-9701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,180 SF

      High Visibility Commercial Corner Site

      Prime location near ports, airport, and historic district.
      2603 Us Highway 80, Garden City, GA 31408
      View Details
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      3,531 SF

      Savannah Flex Space For Sale

      Flex space near Georgia Ports and I-16.
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    • Contact for pricing
      3,531 SF

      Garden City Flex Space Available

      Flex space with warehouse in excellent location near GA Ports.
      1306 Heidt Ave, Garden City, GA 31408
      View Details
    • $2,300,000
      986 SF

      Profitable Industrial Property Near Port

      Industrial property with container shipping business near Savannah port.
      123 Beasley Rd, Savannah, GA 31408
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    • Contact for pricing
      6,741 SF

      Mixed-Use Property with Rental Income

      Mixed-use property featuring retail, restaurant, storage, and apartments.
      2901 W Bay St, Savannah, GA 31408
      View Details
    • $599,000
      1,087 SF

      Garden City Land with Home

      Land with home near Georgia Ports Authority, zoned R-I-N.
      67 Main St, Savannah, GA 31408
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      Savannah Manufacturing/Shop Space For Rent

      5,000 SF manufacturing/shop space with office and climate-controlled areas.
      3251 West Bay St, Savannah, GA 31408
      View Details
    • Contact for pricing

      Savannah Industrial/Flex Space Available

      Industrial/flex space for rent near Savannah's major transportation hubs.
      41 Artley Rd, Savannah, GA 31408
      View Details
    • Contact for pricing

      Former Machine Shop Near Port

      Former machine shop, great for fabrication, close to port.
      5137b Augusta Rd, Garden City, GA 31408
      View Details
    • Contact for pricing

      Seaport Logistics Park Warehouse

      New warehouse buildings near Georgia Ports Authority and Interstate 95.
      54 National Dr, Savannah, GA 31408
      View Details
    • $5 SF/Yr
      260,000 SF

      Industrial Property for Rent

      Industrial property available for rent in Garden City, Georgia.
      1514 Old Dean Forest Rd, Garden City, GA 31408
      View Details
    • $16 SF/Yr
      2,425 SF

      Savannah Flex/Industrial Space Available

      Flex/Industrial space available for lease in Savannah, Georgia.
      5134 Augusta Rd, Savannah, GA 31408
      View Details
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    1 Foundation Dr
    Savannah, GA 31408-2211
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    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
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