12056 Abercorn St Savannah, GA 31419-1996
Property profile & analytics
12056 Abercorn St Savannah, GA 31419-1996
- Auto shops
- 32,632 SF
- 6.03 lot acres
Property ID
US22-4712825
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.
Location Intelligence
Current Use by Public Records
- DriveTime Used Cars / Car Dealership
- Gerber Collision & Glass / Auto Repair Shop
Property Details for 12056 Abercorn St
- Year built
- 2002
- Lot size
- 6.03 lot acres
- Property size
- 32,632 SF
- Zone code
- PUDBC
- Property type
- Auto shops
- APN
- 2-0781 -02-001
- APU
- 2078102001
Description
This exceptional investment opportunity presents a 32,632 square foot, single-story retail property located at 12056 Abercorn Street in Savannah, Georgia (31419). The property, built in 1978 and renovated in 2002, sits on a 6.18-acre lot and is zoned B-C. It boasts 100% occupancy with two national tenants: DriveTime and Gerber Collision & Glass, both operating under long-term, net-lease agreements with corporate guarantees. The asking price is $8,400,000, representing a pro-forma cap rate of 6.00% and a price per square foot of $257.42. The lease structure is a triple-net (NNN) lease, minimizing landlord responsibilities. Annual rent increases of 2-3% are built into the leases, ensuring consistent income growth. This prime Savannah location benefits from high traffic visibility on Abercorn Street and proximity to major retailers. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment with significant potential for future appreciation. The property features a single building with two units. The parcel number is 20781 02001. This is a privately held investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,892,000
Market price range: $1.92M - $8.72M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $12,865,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $11,450,000 Change: -11% Conversion: Difficult
- WAREHOUSE, STORAGE
- $10,580,000 Change: -18% Conversion: Easy
- MEDICAL BUILDING
- $10,310,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.156
- Latitude
- 31.9825
- 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
$1,465,280
$1,132,800
$2,598,080
-
$3,663,200
$2,832,000
$6,495,200
