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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Office buildings
12020 Abercorn St Savannah, GA 31419-1912
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US22-0797767
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
18,588 SF
Lot
3.95 ac (172,062 SF)
Zoning code
PUDB
APN
2-0755 -11-003
UPID
US22-0797767
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vaden Assurance - Agent Robbie Kelley: Allstate Insurance Insurance Agency
-
Vaden Automotive Car Dealership
-
Vaden Realty Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.24M
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$4.14M
Owner & transaction history
Abercorn Office Properties LLC · 13 yrs held
Abercorn Office Properties LLC
since 2012
4 recorded transactions
Zoning & alternative use
PUDB · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.5M
+64.7%
Warehouse, storage
$6.0M
+52.2%
Medical building
$5.9M
+48.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Savannah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Savannah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,595,000
6.5%
$4,240,000
7%
$3,940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,960,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,520,000
Change: +65% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,025,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$5,875,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$223 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$758,400
Assessed 2024
Previous assessed
$758,400
+0.0% YoY
Assessed land
$741,920
Assessed improvement
$16,480
Land market value
$1,854,800
Improvement market value
$41,200
Total market value
$1,896,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Buildings
2
Stories
1
Total area
18,588 SF
Lot
3.95 ac (172,062 SF)
Zoning code
PUDB
APN
2-0755 -11-003
UPID
US22-0797767
Jurisdiction
CHATHAM
Zoning & alternative use
PUDB · Savannah, GA
Zoning PUDB · permitted uses
PUDB · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Savannah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
WAREHOUSE, STORAGE
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.9M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Stories
1
Buildings
2
Lot
3.95 ac
Current owner
From public records · entity-resolved
Abercorn Office Properties LLC
Entity
Mailing address
9393 ABERCORN ST, SAVANNAH, GA 31406-4513
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2012
$2,011,000
Abercorn Office Properties LLC
Suntrust Bank
Warranty Deed
$2,000,000 · The Savannah Bank National As
Jan 17, 2012
—
12020 Abercorn LLC
Green Growth 2 LLC
Warranty Deed
—
Jul 5, 2011
$400,000
Green Growth 2 LLC
Not Provided
Deed
—
Jul 5, 2011
$2,570,000
Suntrust Bank
12020 Abercorn LLC
Foreclosure
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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