Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 Market St Richmond Hill, GA 31324
    Back to Search
    Property profile & analytics

    111 Market St, Richmond Hill, GA 31324

    View on Map
    • Retail space
    • 5,010 SF
    • 0.50 lot acres
    For Lease
    $3,800/Mo
    View Listing →
    Richmond Hill Second-Floor Office Suite For Lease
    $3,800/Mo
    2,000 SF

    Richmond Hill Second-Floor Office Suite

    Second-floor office suite perfect for administrative or consulting businesses.

    111 Market Street, Richmond Hill, GA 31324
    View Listing
    Property ID
    US22-2409327
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Richmond Hill Oral Surgery & Facial Aesthetics / Dental Office
    • Grove Park / Housing Development

    Property Details for 111 Market St

    Year built
    2006
    Lot size
    0.50 lot acres
    Property size
    5,010 SF
    Zone code
    CITY
    Property type
    Retail space
    APN
    054E 132
    APU
    054E132

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond Hill
    County
    Bryan
    State
    Georgia
    Longitude
    -81.3086
    Latitude
    31.9208
    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
    2023
    $9,287
    $22,000
    $111,920
    $133,920
    -
    $55,000
    $279,800
    $334,800

    Comparable in this City

    • Value Estimation
      $1,100,000
      10,500 SF

      3945 Us Hwy 17

      RETAIL STORES (PERSONAL SERVICES) • 10,500 SF
      3945 Us Hwy 17, Richmond Hill, GA 31324-3361
      View Details
    • Value Estimation by Request
      2,400 SF

      Industrial Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      Industrial Blvd, Richmond Hill, GA 31324
      View Details
    • Value Estimation by Request
      3,200 SF

      82nd Longwood Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      82nd Longwood Dr, Richmond Hill, GA 31324-6465
      View Details
    • Value Estimation
      $4,900,000
      17,736 SF

      Richmond Hill, GA 31324

      RETAIL STORES (PERSONAL SERVICES) • 17,736 SF
      Richmond Hill, GA 31324
      View Details
    • Value Estimation by Request
      12,000 SF

      50 Chandler St

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      50 Chandler St, Richmond Hill, GA 31324-5747
      View Details
    • Value Estimation by Request
      5,000 SF

      180 Thunderbird Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      180 Thunderbird Dr, Richmond Hill, GA 31324-3888
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Retail Space with Roof Warranty

      Retail space for sale with average household income $99k.
      11302 Ford Ave, Richmond Hill, GA 31324
      View Details
    • Contact for pricing

      Richmond Hill Shopping Center For Sale

      45,608 SF shopping center with national tenants near Savannah.
      9701 Ford Ave, Richmond Hill, GA 31324
      View Details
    • $495,000
      2.14 Acres

      Commercial Land in Richmond Hill

      1.72 acre commercial site with utilities and highway access.
      50 Wise Ct, Richmond Hill, GA 31324
      View Details
    • $235,000
      0.38 Acres

      Waterfront Lot in Waterways

      0.38-acre homesite with water views and marina access.
      132 Waldburg Way, Richmond Hill, GA 31324
      View Details
    • $850,000
      12.83 Acres

      Waterfront Homesite in Richmond Hill

      12.83-acre waterfront homesite at The Ford Field & River Club.
      130 Mcallister Lndg, Richmond Hill, GA 31324
      View Details
    • $450,000
      15.57 Acres

      15-Acre Lot in Ford Field

      Vacant 15-acre lot with private dock in Richmond Hill, GA.
      312 Mcallister Lndg, Richmond Hill, GA 31324
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,371 SF

      Retail Space in Richmond Hill

      Retail space available for lease in Richmond Hill, GA.
      53 Exchange St, Richmond Hill, GA 31324
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,750 square feet.
      1355 Harris Trail Rd, Richmond Hill, GA 31324
      View Details
    • $15 SF/Yr

      Richmond Hill Neighborhood Shopping Center

      Anchored shopping center in the heart of Richmond Hill, Georgia.
      9701 Ford Ave, Richmond Hill, GA 31324
      View Details
    • $3,000 /Mo
      23,522 SF

      High-Visibility Commercial Site For Lease

      Cleared, shovel-ready commercial pad site near I-95 Exit 90.
      8805 Ford Ave, Richmond Hill, GA 31324
      View Details
    • Contact for pricing

      Industrial Warehouse Space For Lease

      Light industrial warehouse space available for lease in Richmond Hill.
      80 Shelby Ln, Richmond Hill, GA 31324
      View Details
    • Contact for pricing

      New Industrial Park Near I-95

      New industrial park with superior access to major highways.
      2600 Belfast Keller Rd, Richmond Hill, GA 31324
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 Market St
    Richmond Hill, GA 31324
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    111 Market St, Richmond Hill, GA, 31324
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!