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    12 Bay St Savannah, GA 31401-1225
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    Property profile & analytics

    12 Bay St Savannah, GA 31401-1225

    View on Map
    • Investment properties
    • 9,800 SF
    Off-Market
    Property ID
    US22-1453749
    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
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • River Street Sweets Franchise / Corporate Office

    Property Details for 12 Bay St

    Year built
    1859
    Property size
    9,800 SF
    Zone code
    BB
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    2-0004 -10-007L
    APU
    2000410007L

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,850,000
      6.5%
      $1,705,000
      7%
      $1,585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,661,000
      Market price range: $472k - $2.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0905
    Latitude
    32.0814
    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
    $0.00
    $1,121,600
    $1,121,600
    -
    $0.00
    $2,804,000
    $2,804,000

    Comparable in this City

    • Value Estimation
      $1,480,000
      11,800 SF

      215 Riv St

      STORE/OFFICE (MIXED USE) • 11,800 SF
      215 Riv St, Savannah, GA 31401
      View Details
    • Value Estimation
      $940,000
      5,556 SF

      341 Bull St

      STORE/OFFICE (MIXED USE) • 5,556 SF
      341 Bull St, Savannah, GA 31401-4520
      View Details
    • Value Estimation
      $930,000
      7,140 SF

      209 Riv St

      STORE/OFFICE (MIXED USE) • 7,140 SF
      209 Riv St, Savannah, GA 31401-1220
      View Details
    • Value Estimation
      $3,120,000
      21,600 SF

      300 Broughton St

      STORE/OFFICE (MIXED USE) • 21,600 SF
      300 Broughton St, Savannah, GA 31401-3216
      View Details
    • Value Estimation
      $1,050,000
      9,210 SF

      311 Broughton St

      STORE/OFFICE (MIXED USE) • 9,210 SF
      311 Broughton St, Savannah, GA 31401-3266
      View Details
    • Value Estimation
      $1,550,000
      10,980 SF

      216 Broughton St

      STORE/OFFICE (MIXED USE) • 10,980 SF
      216 Broughton St, Savannah, GA 31401-3200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,215 SF

      Savannah Mixed-Use Investment Opportunity

      Mixed-use property in Savannah's Historic Landmark District.
      36 Martin Luther King Jr Blvd, Savannah, GA 31401
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      Historic Savannah Mixed-Use Gem

      Mixed-use property with residential and commercial spaces in Savannah.
      415 Whitaker St, Savannah, GA 31401
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      Savannah Mixed-Use Investment Opportunity

      Rare mixed-use property in Savannah's Historic District with income potential.
      10 W Liberty St, Savannah, GA 31401
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      Victorian Building in Savannah's Victorian District

      Two-level property suitable for professional or commercial use.
      420 E Bolton St, Savannah, GA 31401
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      2,800 SF

      Savannah Mixed-Use Investment

      Historic District gem; high ROI potential.
      422 43Rd St, Savannah, GA 31401
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      2,712 SF

      Historic Savannah Mixed-Use Property

      Unique mixed-use property in Savannah's Design District with STVR license.
      417 Whitaker St, Savannah, GA 31401
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    Similar Nearby for Lease

    • Contact for pricing

      Offices at Eastern Wharf

      Modern office spaces in a vibrant mixed-use development.
      250 Eastern Wharf Ave, Savannah, GA 31401
      View Details
    • $450,000
      2,910 SF

      Savannah Commercial Units For Rent

      Three commercial units with income potential in active commercial corridor.
      1112 Montgomery St, Savannah, GA 31401
      View Details
    • $68 SF/Yr
      1,575 SF

      Retail Space on Broughton Street

      Retail space available for lease on Broughton Street.
      110 E Broughton St, Savannah, GA 31401
      View Details
    • $28 SF/Yr
      4,032 SF

      Retail Space in Savannah, GA

      Retail space available for lease in Savannah, Georgia.
      144 Drayton St, Savannah, GA 31401
      View Details
    • $28 SF/Yr

      Historic Savannah Building Office Space

      Prime downtown office location with natural light and balcony.
      12 W State St, Savannah, GA 31401
      View Details
    • Contact for pricing

      217 Bryan St

      COMMERCIAL PROPERTY FOR LEASE
      217 Bryan St, Savannah, GA 31401
      View Details
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    12 Bay St
    Savannah, GA 31401-1225
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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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