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    Property profile & analytics

    11132 Abercorn St Savannah, GA 31419-1822

    • Community centers
    • 52,075 SF
    • 8.23 lot acres
    OFF-MARKET
    Value Estimations
    $11,810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1458041
    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

    • PetSmart / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Southchase Shopping Center / Shopping Center & Mall
    • Banfield Pet Hospital / Veterinary Clinic
    • TagWorks / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • PetSmart Grooming / Pet Grooming Service

    Property Details for 11132 Abercorn St

    Year built
    1996
    Lot size
    8.23 lot acres
    Property size
    52,075 SF
    Zone code
    PUD
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    2-0695 -01-022
    APU
    2069501022

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,180,000
      6.5%
      $11,245,000
      7%
      $10,440,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $18,270,000
      Current use
      WAREHOUSE, STORAGE
      $16,880,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $16,455,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $15,825,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.143
    Latitude
    31.982
    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
    $1,481,400
    $2,657,640
    $4,139,040
    -
    $3,703,500
    $6,644,100
    $10,347,600

    Comparable in this City

    • Value Estimation
      $2,040,000
      18,290 SF

      11605 Abercorn St

      MINI-MALL • 18,290 SF
      11605 Abercorn St, Savannah, GA 31419-1903
      View Details
    • Value Estimation
      $1,960,000
      38,930 SF

      821 King George Blvd

      MINI-MALL • 38,930 SF
      821 King George Blvd, Savannah, GA 31419-8328
      View Details
    • Value Estimation
      $2,625,000
      17,982 SF

      13015 Abercorn St

      MINI-MALL • 17,982 SF
      13015 Abercorn St, Savannah, GA 31419-1970
      View Details
    • Value Estimation
      $9,170,000
      67,233 SF

      11 Gtwy S Blvd

      MINI-MALL • 67,233 SF
      11 Gtwy S Blvd, Savannah, GA 31419-9782
      View Details
    • Value Estimation
      $4,015,000
      4,231 SF

      5912 Ogeechee Rd

      MINI-MALL • 4,231 SF
      5912 Ogeechee Rd, Savannah, GA 31419-7520
      View Details
    • Value Estimation
      $5,580,000
      52,692 SF

      5918 Ogeechee Rd

      MINI-MALL • 52,692 SF
      5918 Ogeechee Rd, Savannah, GA 31419-9577
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      ALDI Grocery Store Investment Property

      ALDI NNN leased investment property in Savannah, GA for sale.
      14070 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing
      5,496 SF

      Freestanding IHOP Restaurant For Sale

      Single tenant IHOP with long-term absolute NNN lease.
      4 Gateway Blvd E, Savannah, GA 31419
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    • Contact for pricing

      Turnkey Auto Body Facility

      Fully equipped auto body facility on 1.57 acres.
      12032 Middleground Rd, Savannah, GA 31419
      View Details
    • $950,000
      2,171 SF

      Abercorn Street Retail Investment

      NNN leased commercial property on high-traffic Abercorn Street.
      10403 Abercorn St, Savannah, GA 31419
      View Details
    • $5,292,350
      15,607 SF

      Savannah Retail Property For Sale

      Retail property with long-term lease and 6.00% cap rate.
      11509 Abercorn St, Savannah, GA 31419
      View Details
    • $239,900

      Estate Lot with Deep Water Access

      2.47 acre lot with deep water access and dock.
      23 Shore Rd, Savannah, GA 31419
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Commercial Flex Space

      High-traffic location ideal for retail, office, or showroom.
      10510 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing

      Prime Retail Anchor Space Available

      Highly visible retail space in Savannah's primary retail corridor.
      13051 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing
      23,000 SF

      Retail Space on Abercorn Street

      Retail space available for lease on Abercorn Street.
      13015 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing

      Proposed Warehouse/Flex Space Available

      24,000 SF warehouse/flex space for lease, completion November 2026.
      15000 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing

      Turnkey Commercial Space For Rent

      High-traffic location suitable for retail, office, or showroom.
      10520 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing

      Retail Property in Southside Savannah

      Retail property with excess land and stable tenant.
      12313 Largo Dr, Savannah, GA 31419
      View Details

    Property Visit Statistics

    • Visits by month
      24.9k
    • Visitors by month
      19.1k
    • Avg Time on site
      28 min
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    Savannah, GA 31419-1822
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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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