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Property profile & analytics
OFF-MARKET
Estimated value
$11,190,000
Office buildings
101 Mulberry Blvd Savannah, GA 31407-3506
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1716486
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
53,864 SF
Lot
5.91 ac (257,440 SF)
Zoning code
PUDC
APN
2-1016 -01-025
UPID
US22-1716486
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Memorial Health University Physicians - Primary Care Pooler Physician
-
Sentry Management, Inc. Property Management Company Condominium Complex
-
Optim Orthopedics - Pooler Physician
-
Thomas Alexander, MD - Orthopedic Sports Medicine Physician
-
The Rehabilitation Institute at Memorial University Medical Center Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.72M
CAP Approach
CAP
$12.29M
Comparable Approach
Comparable
$11.97M
Blend (final)
Blend
$11.19M
Owner & transaction history
Wip Savannah Medical Asset LLC · 4 yrs held
Wip Savannah Medical Asset LLC
since 2021
Last sale
$11.3M
2 recorded transactions
Zoning & alternative use
PUDC · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$17.5M
+52.2%
Medical building
$17.0M
+48.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Savannah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Savannah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,190,000
ML approach
$8,715,000
CAP Approach
CAP Return
Estimation
6%
$13,315,000
6.5%
$12,290,000
7%
$11,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,475,000
Current use
WAREHOUSE, STORAGE
$17,460,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$17,020,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$11.19M
Range $10.07M – $12.31M · ±10% · vs last sale $11.25M (Nov 2 2021)
Last sale anchor
$11.25M
Nov 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$208 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,838,760
Assessed 2024
Previous assessed
$3,838,760
+0.0% YoY
Assessed land
$898,320
Assessed improvement
$2,940,440
Land market value
$2,245,800
Improvement market value
$7,351,100
Total market value
$9,596,900
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
6
Stories
2
Total area
53,864 SF
Lot
5.91 ac (257,440 SF)
Zoning code
PUDC
APN
2-1016 -01-025
UPID
US22-1716486
Jurisdiction
CHATHAM
Zoning & alternative use
PUDC · Savannah, GA
Zoning PUDC · permitted uses
PUDC · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Savannah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$17.5M
MEDICAL BUILDING
Est. value
$17.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
2
Buildings
6
Lot
5.91 ac
Current owner
From public records · entity-resolved
Wip Savannah Medical Asset LLC
Entity
Mailing address
4420 BEACON CIR, WEST PALM BEACH, FL 33407-3281
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2021
$11,250,000
Wip Savannah Medical Asset LLC
Mulberry Savannah LLC
Warranty Deed
$8,150,000 · Column Financial
Aug 21, 2015
$10,600,000
Mulberry Savannah LLC Etal
Mulberry Realty Holdings LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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