Property profile

106 Mall Blvd Savannah, GA 31406

OFF-MARKET
Auto shops
Property ID
US22-1344931
7,956 SF 0.61 ac lot Built 1970
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of two adjacent, single-tenant retail buildings: a Mavis Tires & Brakes site and a La Nopalera Mexican Restaurant site, positioned in a dense shopping corridor near Oglethorpe Shopping Mall and adjacent to a Kroger grocery-anchored center. The surrounding area includes a concentration of national and regional retail and dining tenants and is also near St. Joseph’s Memorial Health University (604 beds) and Candler Hospital (384 beds). Demographic and employment concentrations include approximately 140,829 residents within a 5-mile radius and more than 44,910 daytime employees within a 3-mile radius. The buildings are configured under NNN (net, net, net) lease structures, indicating that tenant obligations typically cover most operating expenses with limited landlord responsibilities. Additionally, the premises include a Lamar billboard feature that provides for billboard-related signage revenue. The La Nopalera restaurant has operated at this location since 2007.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Total area 7,956 SF
Lot 0.61 ac (26,572 SF)
Zoning code BC
APN 2-0533 -01-002
UPID US22-1344931

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

106 Mall Blvd Savannah, GA 31406-4728
Savannah metro Census 4002 SAVANNAH, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.13M
Blend (final) Blend
$4.25M

Owner & transaction history

since 2023
Last sale
$3.3M
1 recorded transaction
2023
$3.3M

Zoning & alternative use

BC · Savannah, GA
Top alternative use upside
Commercial (general) $4.6M +46.2%
Industrial (general) $4.4M +39.5%
Restaurant $4.4M +38.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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