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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Mulberry Blvd Savannah, GA 31407-3501

    • Banks
    • 4,073 SF
    • 2.02 lot acres
    OFF-MARKET
    Last Sale
    Jan 01, 2025
    $1,700,000
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1229917
    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.

    Current Use by Public Records

    • David E. Spital, OT / Occupational Therapist
    • Dr. William E. Kropp, MD / Hand Surgeon

    Property Details for 102 Mulberry Blvd

    Year built
    2006
    Lot size
    2.02 lot acres
    Property size
    4,073 SF
    Zone code
    PUDC
    Property type
    Banks
    APN
    2-1016 -01-024
    APU
    2101601024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,390,000
      ML approach
      $1,380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $886,000
      Market price range: $373k - $887k

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.2469
    Latitude
    32.1466
    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
    $457,560
    $360,840
    $818,400
    -
    $1,143,900
    $902,100
    $2,046,000

    Comparable in this City

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      $475,000
      11,567 SF

      1900 Benton Blvd

      GROCERY, SUPERMARKET • 11,567 SF
      1900 Benton Blvd, Savannah, GA 31407-0403
      View Details
    • Value Estimation
      $390,000
      5,696 SF

      485 Jimmy Deloach Pkwy

      GROCERY, SUPERMARKET • 5,696 SF
      485 Jimmy Deloach Pkwy, Savannah, GA 31407-3069
      View Details
    • Value Estimation
      $335,000
      2,232 SF

      225 Coastal Hwy

      GROCERY, SUPERMARKET • 2,232 SF
      225 Coastal Hwy, Port Wentworth, GA 31407-1914
      View Details
    • Value Estimation
      $410,000
      11,156 SF

      6500 Ga Hwy 21

      RETAIL STORES (PERSONAL SERVICES) • 11,156 SF
      6500 Ga Hwy 21, Port Wentworth, GA 31407-8550
      View Details
    • Value Estimation
      $295,000
      1,470 SF

      220 Coastal Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,470 SF
      220 Coastal Hwy, Port Wentworth, GA 31407-1915
      View Details
    • Value Estimation
      $445,000
      4,800 SF

      2175 Benton Blvd

      GROCERY, SUPERMARKET • 4,800 SF
      2175 Benton Blvd, Savannah, GA 31407-0434
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      500,000 SF

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    • $435,000
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      Prime Savannah commercial lot, ideal for warehouse/office.
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    • $329,000

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    • $4,304,000

      Savannah Commercial Land Investment

      Prime commercial land, ideal for development.
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    • $395,000
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      Savannah Commercial Land - 1.74 Acres

      Prime Savannah commercial lot, ideal for warehouse/office.
      160 Basswood Dr, Savannah, GA 31407
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    • $725,000
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      Port Wentworth Commercial Land

      1.5-Acre PUD Development Site
      0 Mulberry Ave, Port Wentworth, GA 31407
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,622 SF

      Savannah Retail Center: Prime Location

      New construction, multiple suites available.
      485 Jimmy Deloach Pkwy, Savannah, GA 31407
      View Details
    • Contact for pricing
      14,000 SF

      Port Wentworth Industrial Space Available

      14,000 SF industrial space with high and low bay shops.
      3 Birkenhead Rd, Port Wentworth, GA 31407
      View Details
    • $10 SF/Yr
      54,000 SF

      Pooler Warehouse: ±54,000 SF

      Prime Chatham County warehouse space.
      121 Morgan Lake Industrial Blvd, Pooler, GA 31407
      View Details
    • $7 SF/Yr
      153,013 SF

      Prime Chatham County Warehouse

      153,013 SF Warehouse - Immediate Occupancy
      101 Morgan Lake Industrial Blvd, Pooler, GA 31407
      View Details
    • $15 SF/Yr
      304,920 SF

      320 Morgan Lake Industrial Blvd

      Coworking space • 304,920 SF
      320 Morgan Lake Industrial Blvd, Pooler, GA 31407
      View Details
    • Contact for pricing
      70,198 SF

      Port Wentworth Industrial Facility

      70,198 SF Class A Distribution Center
      301 Little Hearst Pkwy, Port Wentworth, GA 31407
      View Details
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    102 Mulberry Blvd
    Savannah, GA 31407-3501
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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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